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Robert Vitalis, "Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy" (Stanford UP, 2020)

New Books in Economics

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Debunking Common Myths About Oil Prices and Market Influence

This chapter explores the myth that oil prices are primarily controlled by OPEC or political factors, revealing that they are largely influenced by broader macroeconomic trends. Through the research of a prominent critic, it highlights the interconnectedness of oil prices with other commodities, challenging the narrative of market manipulation.

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