1. A Crude Predicament
- Author:
- Michael Levi and Robert McNally
- Publication Date:
- 07-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Saudi Arabia and other OPEC members have long maintained large oil reserves to limit volatility in oil prices. But with key states now refusing to maintain such expensive buffers, the world must learn how to cope with big price swings in the years ahead.
- Political Geography:
- Saudi Arabia