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How the economics of oil could sway the US presidential election

By Emilie Rutledge, Senior Lecturer in Economics, The Open University

Oil continues to influence global economics and politics like no other finite natural resource. In the 2024 US presidential election, the strategic commodity will be an important domestic issue.

As the biggest producer and consumer of oil on the planet, the US has a particularly strong relationship with the black stuff. And the candidates know it.

Donald Trump has promised to “drill,…

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