Oil Exporters Must be Wary of Dependence on Oil Revenues
If this is accurate, wars in Syria and Egypt were caused by oil exports possibly more than anything else. It's possible the Soviet Union's collapse was caused by oil much more than anything Ronald Reagen did. Oil exporters have two problems
il prices are too low, or their production eventually drops. The economy suffers. Even if you find a replacement for oil, this could be a serious problem in the future. Possibly hundreds of millions of refugees, or they'll be living a worse quality of life. Is there any reason for optimism?
If this is accurate, wars in Syria and Egypt were caused by oil exports possibly more than anything else. It's possible the Soviet Union's collapse was caused by oil much more than anything Ronald Reagen did. Oil exporters have two problems
il prices are too low, or their production eventually drops. The economy suffers. Even if you find a replacement for oil, this could be a serious problem in the future. Possibly hundreds of millions of refugees, or they'll be living a worse quality of life. Is there any reason for optimism?