The RAND Blog

March 2015

  • An Iraqi soldier rides in an armoured vehicle in Salahuddin province, Iraq, March 4, 2015, where Islamic State militants set fire to oil wells in the Ajil field east of the city of Tikrit to try to hinder aerial attacks aimed at driving them from the oilfield
    Petroleum

    commentary

    Oil Bonanza: Good News for the World

    Charles Wolf, Jr.

    Mar 31, 2015

    The International Economy

    World oil prices have fallen by more than 40 percent since June 2014 and over the next several years prices are more likely to fall than to rise. The global economy will benefit hugely from this shift, and it's possible that global security will also benefit from lower oil prices.

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