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How oil volatility may lead to violence among oil powers
The world supply of oil is running out. Meanwhile, the balance of oil power is shifting away from the United States and the Arab states toward national oil companies (NOCs) in Russia, China, and some emerging economies in Africa and South America. As developing countries seek a middle-class existence, their demand for oil grows exponentially, causing oil prices to spiral, turning some into international bullies. Until another fuel is found the world risks being at the mercy of these tyrants whose insatiable appetites for higher oil prices heighten competition and spur the threat of violence, domestic as well as global.
In Seizing Power: The Grab for Global Oil Wealth, bestselling author Robert Slater:
Seizing Power clearly explains why oil is potentially toxic to world stability.
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