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He forecasted that the average price of a barrel of oil may increase to $150.
The publication's other interlocutors, Columbia University's Center for Global Energy Policy director Jason Bordoff and World Bank top economist Indermit Gill, share this view.
Mr. Gill claims that the Middle East crisis and Russia's military actions in Ukraine are to blame for the world being in "one of the most unstable stages of economic development" at the moment.
According to Jason Bordoff, a prolonged cutback in the world's oil supply as a result of armed conflicts may cause both inflation and economic growth to accelerate at the same time. "This is a very unstable, uncertain and frightening situation," he stated.
source: nytimes.com
The publication's other interlocutors, Columbia University's Center for Global Energy Policy director Jason Bordoff and World Bank top economist Indermit Gill, share this view.
Mr. Gill claims that the Middle East crisis and Russia's military actions in Ukraine are to blame for the world being in "one of the most unstable stages of economic development" at the moment.
According to Jason Bordoff, a prolonged cutback in the world's oil supply as a result of armed conflicts may cause both inflation and economic growth to accelerate at the same time. "This is a very unstable, uncertain and frightening situation," he stated.
source: nytimes.com
