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Oil Prices Could Easily Go Much Higher - Paul Krugman by rm072313 is a document available to read on EtoBox.
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The document discusses the potential for significantly higher oil prices due to a blockade in the Strait of Hormuz, which is affecting global oil supply. Despite the current economic resilience to oil price shocks, a sustained closure could lead to prices rising enough to trigger a global economic crisis. The author suggests that if the situation persists, oil prices could exceed $150 a barrel, which may not be sufficient to deter demand without causing severe economic consequences.
- Author
- rm072313
- Language
- EN