What Are The Consequences Of Cheap Oil?

The Inquiry

• Episode: What Are The Consequences Of Cheap Oil?
• Website: The Inquiry
• Feed URL: http://www.bbc.co.uk/programmes/p029399x/episodes/downloads.rss
• Duration: 00:23:10
• Published: 2014-12-23 14:00

In the last six months the price of oil has collapsed dramatically. It has been called an oil shock. Previous oil shocks have had profound and long-lasting effects. No single commodity is more important to the global economy – and therefore to global politics. What are the political consequences of cheap oil? Contributors include an ex-president of Shell Oil, a former US energy secretary and one of the world’s leading thinkers on the subject. (Image: Oil rig in the North Sea. Credit: Press Association)