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That has oil exporting countries, including OPEC members, Russia and others, focusing their sales on Asia, particularly China. National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy. Growth in demand in 2015, which the IEA forecasts to average around 1.4
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. This order was not unexpected, as Mr. Trump did the same dumb thing in 2017 , which President Biden reversed right away in 2021.
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