Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf
Green Car Congress
MAY 4, 2016
The old hypotheses that Persian Gulf energy subsidies were sacrosanct have been overturned, according to a new issue brief from Rice University’s Baker Institute for Public Policy. Across the Gulf, Iran has taken similar steps. The authors said energy subsidies have long outlived their usefulness.
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