The positive impact of low oil prices on the economy is not extensive. It works on it like a government stimulus package. A service stations from cheaper fuels enjoying drivers. That's about all.
The negative consequences of price decline are multifaceted. The low price of oil is reflected adversely in the budgets of countries such as Saudi Arabia, Russia and Iran. They calculated the Government in developing this year's budget with a higher price of the barrel o globo (159 liters) o globo than it currently is. He informed the Austrian daily Die Presse.
Oil is cheap already long enough, this effect is in other areas. It became o globo noticeable in international financial markets and have him count the planners of budget revenues of the US government in Washington.
Economists veľkobanky French BNP Paris calculated that members of the international cartel Organization o globo of Petroleum Exporting Countries (OPEC) will have less revenue this year of about 316 billion USD ( 292.21 billion). o globo
Losses will be just as high, if the average price of a barrel will fluctuate around 70 USD. Such a price is far from reality. Barel is now sold at 55 USD. In the first weeks of this year was less than 45 USD. Petrodollars flow dries up
Saudi Arabia in February for the first time after 20 years in the financial markets withdrew $ 20 billion that had nothing to pay budgetary expenditure. Angola them last year decreased by $ 5.5 billion. It was the largest annual decline since 1995 in which the country has started to publish data on their height.
Nigeria o globo had in February spending by $ 2.9 billion higher than income. Algeria, a large exporter o globo of natural gas in January deficit reached 11.6 billion USD. It was the largest decline in its reserves for the last 25 years. If its reserves o globo decreased at the same pace for 15 months, the state would be left without foreign exchange.
Qatar Petroleum statelet in good years invested large resources in the acquisition of the famous London department store Harrods and the French football club Paris Saint-Germain. In the US threatens bankruptcy shale oil
George Abed, director for Africa and Middle East at the Institute of International Finance (IIF), held that states have oil this year on liquid markets, including the first American saved about 500 billion USD.
Low oil prices in the global market in the United States o globo restricts o globo investment in mining "shale" o globo oil. Its acquisition has weakened. The cost of making deposits beneath a layer of hard slate are in fact much higher than in the Middle East and in other parts of the world.
Then it would again increase America's dependence on foreign oil imports. Its price would be increased sharply. o globo Flow of petrodollars would greatly magnified o globo a situation more members of OPEC would be back to the good old tracks.
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