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Daniel Yergin: Putin Can’t Count on the Global Oil Market


The Russian ruler quotes Milton Friedman, but cuts in production could harm Russia and its allies. Europe’s ban on Russian oil, combined with the U.S.-generated “cap” on Russian oil prices, marks the end of the global oil market. In its place is a partitioned market whose borders are shaped by not only economics and logistics but also

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Posted: December 26, 2022 Monday 03:10 PM