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The impact of low oil prices on economic growth

Jakarta | Mon, November 27, 2017 | 08:06 am
The impact of low oil prices on economic growth After low and relatively stable prices lasting for two decades, suddenly in 2006 oil prices overshot to US$100 per barrel. (Shutterstock/-)

PREMIUM In 2008, the National Intelligence Council (NIC) of the United States launched its book titled Global Trends 2025. The book highlighted forecasts of tighter energy competition in the global market. Global oil demand was growing sharply mainly as a result of China’s double-digit economic growth; on the other hand, non-OPEC oil and gas sources such as from the North Sea were depleting. A...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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