The Oil Price Opportunity
The Oil Price Opportunity / Kemal Derviş, vice president of the Brookings Institution, Project Syndicate, 16/12/2014
http://www.project-syndicate.org/commentary/low-oil-prices-carbon-tax-by-kemal-dervi–2014-12
The sharp drop in the price of crude oil since late June has been grabbing headlines worldwide – and producing a lot of contradictory explanations. Some attribute the fall largely to declining global growth expectations. Others focus on the expansion of America’s oil and gas production. Still others suspect a tacit agreement between Saudi Arabia and the United States aimed at, among other things, weakening political rivals like Russia and Iran…