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National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy. They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq). ISIS, Al Qaeda, and disaffected Shias present a significant domestic security threat.
The move allies the US with such luminary states as Iran, Libya and Yemen, the only three other countries in the world not to ratify the Paris Agreement. He said that carbon is the turd in the punch bowl of our atmosphere and if countries dont take action, they all will share in a bad future.
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