Oil surges again
Companies and commuters alike are longing for those days, as oil prices have surged recently and are now closer to hitting $60 a barrel than falling back to the $40 range.
This blog is dedicated to discuss the political economy of oil markets with a critical and historical approach. Oil has become a unique commodity in modern capitalism. Its market has been driven by transnational corporations and financial markets speculation. Articles, papers and personal comments on the global oil market framework, its fundamentals, supply and demand, cartels, imperialist policies, and the underlain class struggle issues are being daily gathered.
Companies and commuters alike are longing for those days, as oil prices have surged recently and are now closer to hitting $60 a barrel than falling back to the $40 range.
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