Oil prices: Eventually the Gulf states will run out of power

Tweet by Steffen Hertogg, LSE This post was originally published on theconversation.com on Monday 5 January 2015.   Oil prices have now almost halved in six months to below $60/barrel thanks to OPEC’s refusal to cut production. This means all the member countries are revising their government spending policies. While countries such as Iran and Venezuela face an imminent fiscal … Continue reading Oil prices: Eventually the Gulf states will run out of power