Posted by: Dr. Breffni Lennon | July 16, 2012

European Energy Review: The political perils of low oil prices

The European Energy Review continues to produce interesting, though-provoking articles. Here, Matthew Hulbert, discusses the recent drop in global oil prices (falling by 31% since March, though by looking at the pumps here in Ireland you would hardly know it). He makes the argument that keeping oil prices steady at $100 a barrel remains the best option for consumer states, since any drop below this would generate greater instability for producer states. Is he correct with this assessment? Share your thoughts below.

His article can be read in full here.

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