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[size=30]The effects of high oil prices on Iraq... Nabil Al Marsoumi
2022-01-31
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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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