The Impact of Nondollar-Denominated Oil Pricing

Michael Tucker
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Michael Tucker: Fairfield University

Eastern Economic Journal, 1992, vol. 18, issue 2, 229-235

Abstract: OPEC has discussed replacing the dollar as the currency in which oil is priced. The impact of such a change on U.S. energy costs is explored using a simulation to reconstruct oil costs for the period 1986-90. Variability of oil prices would have been higher as would have the U.S. trade deficit and overall domestic oil expenditures.

Keywords: Energy; OPEC; Oil Price; Oil (search for similar items in EconPapers)
JEL-codes: F31 Q38 Q43 (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:18:y:1992:i:2:p:229-235

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