THE NEW GEOPOLITICS OF OIL
M.I. Lecture; New York City, February 25, 2016 — Some have called the oil price collapse the biggest wealth transfer in modern history. Oligarchs, monarchs and kleptocrats in the world’s major oil-exporting nations are scrambling to adjust. They have been deprived of trillions of dollars. But given the proximate reason for the price collapse, what…