The IMF are Warned that Oil Prices Could Double by 2022
Despite
crude oil already trading on the world markets at a historically high
level of $113 a barrel, the International Monetary Fund (IMF) has been
warned by its internal research team that in the next decade oil prices
could climb to a permanent level double that which we are experiencing
at the moment.The increase could have a dramatic effect on global trade
of all kinds, as the report, entitled The Future of Oil: Geology v
Technology, warns that the prices will be “uncharted territory for the
world economy, which has never experienced…Read more...
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