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Petroleum Economy

  • In: Encyclopedia of Global Studies
  • Edited by: Helmut K. Anheier & Mark Juergensmeyer
  • Subject:Globalization, Social Policy (general), Cultural Geography

Petroleum is one of the most important aspects of the global economy. Trade in petroleum accounts for a major portion of international trade, and a fluctuation in oil prices can dramatically affect economies throughout the world.

A member of the fossil fuel ...

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