The Geopolitical Impact of Cheap Oil

The Geopolitical Impact of Cheap Oil / Martin Feldstein, Professor of Economics at Harvard University, Project Syndicate, 26/11/2014

http://www.project-syndicate.org/commentary/oil-prices-geopolitical-stability-by-martin-feldstein-2014-11

The price of oil has fallen more than 25% in the past five months, to less than $80 a barrel. If the price remains at this level, it will have important implications – some good, some bad – for many countries around the world. If it falls further, as seems likely, the geopolitical consequences on some oil-producing countries could be dramatic…

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