Don't Blame Turmoil in the Middle East for the World's Oil Woes  

Oleh:

Elliott, Michael

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 163 no. 4 (Mar. 2011), page 26.
Topik: Crude Oil Prices; Economic Recovery; Volatility; Emerging Markets
Fulltext: Don't Blame Turmoil in the Middle East for the World's Oil Woes.pdf (19.5KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.45 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Nobody loves short-term volatility in the markets. But the idea that revolution in the Middle East is going to translate, through expensive oil, into a sustained global downturn seems way off. The Middle East, truth to tell, is not the place to look for the oil story. Prices, having crashed in 2008-2009, have been rising for the past two years. The global recovery is being led by emerging markets that are less energy-efficient than developed countries, and those markets will remain that way for decades, as millions of Indians, Chinese, and Africans move from villages to cities and as their nations shift from agriculture to energy-intensive manufacturing. The new gas economy is changing both economies and geopolitics in fascinating ways.

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