Oil & Great Power Politics
Power Problems
00:00
The Biggest Change in Oil Markets, Right?
Oil markets have changed over the years, but i actually think they have not changed in a fundamental way. The biggest change that you had in oil markets, thot in my an, happens after the second world war. Since wor wortyou you've had many, many, many producers and consumers of oil. And so there's this ability to just nalternative suppliers all over the place. It makes it very difficult for one country, or even a group of countries, to interfere with the ability of other countries to get oil unless they're using tary force.
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