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The 2014–17 downcycle has taken a toll especially on some producer governments that continue to struggle with its legacy. Many measures taken helped manage this near-term crisis, but with various degrees of pain to host governments. Our above-ground risk team explores this vulnerability to understand where countries have made changes to economic policy, political frameworks and hydrocarbon policies that have the potential to better insulate them against future price shocks. Our above-ground risk experts discuss on today’s episode.