Who Governs Global Oil Prices?
... emergence of USA shale oil boom was due to Saudi Arabia/OPEC pricing policy, as it was more to do with speculation,... ... bandwagon. I doubt that the US will be able to overtake Saudi Arabia and Russia as some reports argue by 2017-2020, but potentially ... ... virtual one, as the next paragraph will discuss. USA, as the centre of virtual paper market influences ... ... quantitative easing policy by around 2014). Also, other financial factors play a role, for instance the recycling ... ... how long a typical recession takes to roll-in! USSR had a very modest impact during the first three ...