Although no one can doubt the fact that oil economics has always been a gamble, there was still a semblance of responsibility that mainstream players worldwide exercised when dealing in international oil & gas. Sanctions were imposed when rogue nations went out of line, disputes between buyers and sellers were amicably and responsibly settled without things spiraling out of control and even the cartel that is OPEC, has earned respectability for having played by the rules, broadly. However, many believe the ball game has changed forever.
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