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Predicting oil prices is anyone's guess.
Oil prices have certainly become a threat for the world economy.
The rise in world oil prices has been larger than anyone forecast.
If oil prices will go too high, it will slow down the world economy and would trigger a global recession.
We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.
Instead of begging OPEC to drop its oil prices, let's use American leadership and ingenuity to solve our own energy problems.
I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.
The anti-American policy is the one that keeps oil prices up. The way to do that is to help OPEC limit the amount of liquid fuel available.
With oil prices plummeting in late 2015 and early 2016, Gulf states have taken the unusual step of issuing sovereign bonds to ease budgetary concerns.
The pro-American policy is the one that forces oil prices down. The way to do this is to flood the world market with liquid fuel from every source possible.
Israel will not tolerate Iran developing nuclear power, even if Iran claims it is for peaceful purposes. If there is an attack, oil prices will go through the roof.
I happen to think that global slowdown, the slowdown in investment, strengthening dollar probably provide more of a headwind than we get from the decline in oil prices.
It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.
Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.
Trump's trade and immigration policies will deliver an economic shock to states like Texas where trade produces a substantial share of the jobs, and which depend on high oil prices.
I think we have to ask this administration, and the President specifically, about using their political capital now to stand up for the American consumer who is getting clobbered by these gasoline and oil prices.
By June 1974, Treasury Secretary George Shultz was already suggesting that rising oil prices could result in a 'highly advantageous mutual bargain' between the United States and petroleum-producing countries in the Middle East.
When Texans suffered from the collapse of the oil market in the 1980s, they could rely on the fiscal union to help them. When Texas boomed with rising oil prices in the 2000s, it contributed to the union to help harder hit regions.
Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.
If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
The EPA could act to open the transportation-fuel market to vigorous competition from natural gas as well as coal, biomass, and trash, by legalizing methanol. This would force oil prices down, expand the economy, and create millions of jobs.
Lower oil prices won't, by themselves, topple the mullahs in Iran. But it's significant that, historically, when oil prices have been low, Iranian reformers have been ascendant and radicals relatively subdued, and vice versa when prices have been high.
There are no military options for Iran. Attack them, and they will destroy the Gulf States oil industries, rain hundreds of missiles onto Israel, close the Arabian Gulf, and shoot oil prices to $300 per barrel, which could cause our own economic downfall.
The Indian voter will not shy away from sacrificing in the national interest. If the voter is convinced that high oil prices are a national challenge and that the government is doing its best to deal with the challenge, the voter would be willing to bear the burden.
You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel.