by Michael Meyer
The idea that oil wealth can be a curse is an old one – and it should need no explaining. Every few decades, energy prices rise to the heavens, kicking off a scramble for new sources of oil. Then supply eventually outpaces demand, and prices suddenly crash to Earth. The harder and more abrupt the fall, the greater the social and geopolitical impact.
Read the full article here:
https://www.socialeurope.eu/2016/02/the-coming-wave-of-oil-refugees/
