Everybody is trying to get a handle on where oil prices will be next year after a whiplash-inducing slide of nearly 50 percent since summertime highs.
The price of oil matters for regular folks at the pump and for oil companies trying to make multi-billion dollar investments. It matters for petro states that rely on crude sales to fund their budgets, pacify their people, and pay for foreign policy adventures. It matters for policy makers, too: Central bankers have to adjust fiscal stimulus plans to make sure they don’t pile on to the economic boost that results from people gifted with …read more
Source: Foreign Policy
