You searched for: Content Type Special Report Remove constraint Content Type: Special Report Publishing Institution Council on Foreign Relations Remove constraint Publishing Institution: Council on Foreign Relations Political Geography America Remove constraint Political Geography: America Topic Oil Remove constraint Topic: Oil
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  • Author: Brad Sester, Cole Frank
  • Publication Date: 07-2017
  • Content Type: Special Report
  • Institution: Council on Foreign Relations
  • Abstract: The 2014 fall in global oil prices, from over $100 a barrel to around $50 a barrel, reduced the export proceeds of the world’s main oil- and gas-exporting economies by about $1 trillion. After a decade of largely uninterrupted high oil prices, this dramatic swing has tested the economic resiliency and political adaptability of oil-exporting countries. One of the best single measures of the resilience of an oil- or gas-exporting economy is the oil price that covers its import bill—the external breakeven price.
  • Topic: Oil, Global Political Economy
  • Political Geography: America