1a. Can COVID-19 induced fall in oil prices act to break the global carbon lock-in?...
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1a. Can COVID-19 induced fall in oil prices act to break the global carbon lock-in?
b. Oil prices have become 'evermore' volatile. Ranging from as high as US$160/barrel, oil prices went low and with the impact of COVID-19, WTI crude sold for below US$0/barrel on 20th April 2020. Based on the case of one oil producing country in Africa and one from any other region, discuss the differentiated impacts of oil price volatilities on economies.
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