The global energy situation is changing rapidly. The shale revolution has led to plunging oil prices that have remained around US$30 a barrel since OPEC’s failure to reach a consensus to cut oil production at its November 2014 meeting. This is an astonishing drop from the seemingly endless period of high oil prices of above US$100 a barrel. What do falling oil prices mean for the South Korean economy?
http://www.eastasiaforum.org/2016/04/09/will-low-oil-prices-grease-the-engine-of-south-korean-growth/
I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
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