Undoubtedly, the plummeting of oil price is one of the most observed and debated topics of this year’s end, both for its economic and political implications. These kind of events are hardly ever random, or driven by market forces alone. In this article I will examine the reasons behind this issue, as well as the behavior of the countries involved. I will discuss why widespread theories about this subject miss on some important points, and I will go over those overlooked details at length.

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