Avoiding Policy Pratfalls
The continued weakening of the US dollar could trigger an increase in world crude oil prices up to US$200 per barrel. The government has limited choices. The inflation rate could rise to double digits.
May 6, 2008
CURRENTLY, world oil prices are not that much different to a wild ball. The frequent movement is making analysts annoyed because often the predictions that they make are off target. As expected, Chakib Khelil, President of the Organization of Petroleum Exporting Countries (OPEC), has issued a warning: oil prices could reach US$200 per barrel.
What triggered this was not because of a lack of supplies or an increase in demand but rather the effect
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