Authors: Robert McNally, Founder and President, Rapidan Group, and Michael A. Levi, David M. Rubenstein Senior Fellow for Energy and the Environment and Director of the Maurice R. Greenberg Center for Geoeconomic Studies
Saudi Arabia and other OPEC members have long maintained large oil reserves to limit volatility in oil prices. But with key states now refusing to maintain such expensive buffers, the world must learn how to cope with big price swings in the years ahead.
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