Who Governs Global Oil Prices?

... took a sharp nose-dive to a mere $21 per barrel. At this point USSR collapsed, partially due to its economic machine being heavily ... ... know, the problem lies in the fact that petrodollars derived by OPEC and now Russia cannot be easily spend by the actual producers,... ... a result, this huge liquidity is invested back into the large developed economies that also tend to be the actual consumers of ... ... change the system. If we look at the recent GDP statistics we see USA has recovered quicker than any other major economy. A lot will ...