1. The high oil prices in the recent period have caused many oil companies to change the price system they have always maintained during normal operations, and oil prices have been rising.

2. Based on these changes, OPEC’s benchmark crude oil reference price will remain within the nominal price range of US$50 to US$60 per barrel for a foreseeable period of time, but it will also change with the inflation rate in the future. rise due to inflation factors. Of course, this price is just a hypothesis, and it does not reflect or imply actual price trends, or the trend of a specific price. People are increasingly noticing that the impact of oil price fluctuations on economic demand and economic activity is no longer as obvious as it was in the 1970s or 1980s. The factors that have weakened the economic impact of oil can be summarized as follows:

Oil tensions have weakened, which has greatly weakened the impact of oil on the economy.

Since 1970, the OECD's oil tension trend has decreased by 60%. Developing countries are also using less oil per unit of gross domestic product.

High oil prices are caused by increased demand, not reduced supply. And the increase in oil prices has gradually accumulated over several years.

The inflationary pressure on monetary policy that supports consumer and business confidence is very limited.