Oil volatility will cause irreversible changes to energy markets, expert warns

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Oil market volatility driven by geopolitical tensions in the Middle East is pushing global economies to explore alternative energy sources. An expert from Columbia University highlights that these shifts and advancements in green technology are likely irreversible, significantly impacting energy markets.

Global economies have already weighed energy options beyond the Middle East, as the war in Iran has put irreversible pressure on the oil industry, according to Karen Young, a researcher at Columbia University. “I don’t think (advancements in green technology) is going to be reversible,” Young told CNN’s Fareed Zakaria. “Countries are now thinking more … The post Oil volatility will cause irreversible changes to energy markets, expert warns appeared first on Egypt Independent.

Politics Markets Commodities Energy oil volatility energy markets Middle East war green technology global economies Columbia University geopolitics Iran

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