International crude oil prices, which have hovered at $110 per barrel for the last three and a half years, started a sudden and abrupt downfall in August 2014, reaching a $50 per barrel mark in just five months. More than a year after the event, it looks like the oil price of $50 per barrel is here to stay, at least for the foreseeable future.
BLAME THE TECHNOLOGY
The primary reason behind the drop was undoubtedly the technological advances in shale oil and gas extraction in the United States – a boom so big, that the US is now poised to become a net ene...
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The resource curse
https://www.youtube.com/watch?v=K-XMuEvXlQo
Wednesday, 14 October 2015 9:09 AM
