Who Governs Global Oil Prices?
... However, by 1986 prices took a sharp nose-dive to a mere $21 per barrel. At this point USSR collapsed, partially due to its economic machine being heavily reliant on petrodollars... ... future recession. As we know, the problem lies in the fact that petrodollars derived by OPEC and now Russia cannot be easily spend by the actual producers, as their economies... ... inflationary repercussions. As a result, this huge liquidity is invested back into the large developed economies that also tend to be the actual consumers of oil. It is an incredible...
13.09.2013