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Many around the world do not understand the impact of Geopolitics on oil prices. Yet, most of the world’s economy depends greatly on oil. In this video, we answer the following:
1) What impact geopolitics has on Global Oil Prices?
2) Will renewable energy replace oil?
3) Is there enough oil to sustain the rise of the global population?
4) Is OPEC becoming irrelevant?
The lesson in all this: The drop or rise in the global oil prices is driven by politics as much as economics. So next time you fill up your vehicle’s gas tank, think geopolitics!!!
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