Causes and consequences of the oil price decline
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The recent drop world-wide oil prices is likely to have profound implications for both the consuming and producing countries. Since oil markets are unlikely to recover quickly, a series of changes will be set in motion including producer/consumer country adaptations to lower prices. In addition oil price declines will affect energy investment not only in the oil industry, but across a spectrum of alternative energy supplies including shale. After developing several energy scenarios, implications are drawn for U.S. energy security.
Defense Energy Seminar