Energy Quote of the Day: ‘The Lower Oil Price is Bringing More Deflationary Pressure’
By Edward Dodge
Cheaper
oil has not been translating into economic growth over the last six
months and falling oil prices have also stoked deflationary fears. Some
countries have been using the drop in oil prices as an opportunity to
raise gasoline taxes, slash fuel subsidies or both. China has raised
fuel consumption taxes by 50% since November,
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