Government ministers are experts at saying dumb things. On 20 January, in a House of Commons debate about the oil industry, David Mundell MP stated boldly: “We can deal with the volatility of oil prices and continue to provide the stable regime that is so important to the industry”. Just 48 hours later the death of King Abdullah of Saudi Arabia provoked an immediate rise in oil prices and sent the markets into a turmoil of uncertainty. So, oil attempt to analyse the politics of this industry and prospects for the future.
To read, “Will it be Oilright?” in Endeavour Magazine, please click here.