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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The effects of high oil prices on Iraq... Nabil Al Marsoumi

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    The effects of high oil prices on Iraq... Nabil Al Marsoumi Empty The effects of high oil prices on Iraq... Nabil Al Marsoumi

    Post by Rocky Mon 31 Jan 2022, 5:37 am


    [size=30]The effects of high oil prices on Iraq... Nabil Al Marsoumi


    2022-01-31
    [/size]
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    Nabil Al Marsoumi wrote:
    The significant rise in global oil prices that is currently witnessing will subsequently harm global economic growth and reduce the growth rate of global demand for oil and will encourage an increase in oil production outside the OPEC Plus countries, especially in high-cost areas such as US shale oil, Canadian sand oil and oil in offshore areas, and this will lead later This leads to an increase in the oil supply and a decrease in oil prices. Therefore, it is not right to create new obligations that represent additional sustainable burdens in the general budget by relying on an unsustainable oil resource whose prices are linked to external factors and not to internal factors.

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