When the news reports on international organizations, big players such as the United Nations and the North Atlantic Treaty Organization usually hog all of the headlines. But that may all change by the beginning of next year when the International Maritime Organization (IMO) — an organization most Americans have never heard of — implements revised fuel standards for ships. While this may sound far removed from Americans without direct ties from the maritime industry, the Energy Information Administration (EIA) projects ripple effects on oil prices writ large with significant negative consequences for all Americans.
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