Over the years, the oil crash frequency has increased exponentially; subsequently, oil spills not only have an economic impact but also have an environmental impact, especially marine life, drastically. Nonetheless, oil spills have often led to price wars between large cartel oligopolies, OPEC. Consequently, these price wars lead to volatile fluctuations in exchange rates, inflation rates and inflation rates. Apart from the sources given below, you can also read our original blog articles about this topic here
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