How Rising Oil Prices Will Change the World as We Know It
Ones and Tooze
00:00
Rising Oil Prices and Geopolitical Tensions
This chapter examines the unprecedented surge in oil prices driven by geopolitical conflicts, especially the war in Ukraine, and its impact on global markets. It discusses the complexities of oil production, the revenue situation in Russia, and how countries like Saudi Arabia can respond to these market shifts. The chapter also considers the broader economic implications, including inflation, climate change actions, and potential government interventions in the energy market.
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