Europe’s green deal was first announced during December, 2019. Targeting carbon emissions and consumption patterns, the plan is local and global. But it will especially disrupt the world’s oil markets. Below you can see that the EU’s dependence on oil…
Like Dutch Disease, Alaska’s oil industry dependence has eliminated other government revenue that might be necessary now that the price of oil has plunged.
Illustrated by the impact of cheap oil, the natural resource curse hits countries that have disproportionately focused economic activity on one industry.
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