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10 Countries To Watch As Oil Prices Slump

Increased supply from oil exporting countries, greater energy independence in the US and stagnant global demand caused the price of oil to plummet from an average of $100 per barrel in June 2014 to $60 in December 2014. This pr...
by David Bresnahan-McRae
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Russia

Oil Production And The Prisoner’s Dilemma

In 2014 the geopolitics of oil production changed dramatically. Due to the recent U.S. shale boom, Saudi Arabia – the world’s largest oil exporter – lost its position as a ‘swing producer’ in the oil industry which ha...
by David Bresnahan-McRae
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Iran

The Iraqi-Kurdish Oil Deal And The Fight Against Islamic State

In early 2014, the Kurdistan Regional Government (KRG) began independently exporting crude oil through Turkey, angering the central Iraqi government which “claims sole authority to export oil from the country”. In total, th...
by David Bresnahan-McRae
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How violence in Libya impacts the oil industry

Politics, power, and oil are tightly intertwined in Libya. To control oil is to hold power, thereby making Libya’s oil infrastructure a hotbed of conflict and violence. Libya’s complicated political landscape is d...
by David Bresnahan-McRae
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