Part 1 of 5 · freeIntroduction
Oil is sometimes called “the blood of the economy.” Its price feeds into inflation, into what you pay at the pump, even into the stability of whole countries. And yet nobody sets that price with a stamp.
It comes out of a meeting between three forces: the countries that pump the oil, the financial markets that trade it before it even leaves the ground, and the crises that send everyone into a panic. Next stop, the deserts of Arabia, the plains of Texas, and the trading screens of Chicago.
The rest is in the Sophia app.The remaining parts, the open-book quiz and the full glossary. Free to start; Premium unlocks everything.
- 2OPEC against American shale: the battle over supply
- 3“Paper” oil: when finance joins in
- 4Prices that collapse... or explode
- 5Does oil have a future?
Open-book quiz10 questions whose answers are in the text.
Glossary12 terms explained in a tap.
30 languagesThe same course, from French to Japanese.
