The OPEC price escalations of 1973-74 and 1979-80 have had a crucial effect on the world economy and on international trade. Non-OPEC countries have had t o adjust to higher petroleum prices. They have tried to develop alternative energy resources and have invested in various energy conservation measures.
The Economist cites an OIES study: until oil-exporting countries shift economies away from oil, they need to cover… https://t.co/qylvo2LwFw
OIES's @thierry_bros interviewed by Radio Vatican on East Med gas. https://t.co/pRhtO5AtfN
After the Gazprom-Naftogaz arbitration: commerce still entangled in politics https://t.co/Pljui3Ao56