 Can oil reach $200 a barrel?David Bonner
Finante - provocarile viitorului (Finance - Challenges of the Future), 2008, vol. 1, issue 8, 132-137 Abstract: Oil is a natural exhaustible resource, affected by depletion. It is one of the most important factors of production, but because is not a storable good, it can only obtain value by production and consumption (Elekdag et. al., 2008). This essay will first discuss the facts that would lead to a rise in the oil price to $200 a barrel by 2009 and then look at the impact of this rise, considering it is maintained for further 5 years. The ASPS, one of the most common indexes for oil, has risen by 70,1% from January 2007 to January 2008 (IMF Primary Commodity Prices). In view of this, this scenario is a very likely to take place in the next period. This essay is concentrating on the effects this increase would have on growth, inflation and unemployment în both non-oil and oil producing countries, using a basic analysis of aggregate demand - aggregate supply. Keywords: oil price; monetary policy; Philips curve (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2008:i:8:p:132-137 Access Statistics for this article Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC. |
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