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

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