2. The dollar continues to depreciate, and the recession of the dollar economy makes oil prices continue to rise. To put it simply, my money has depreciated, and it costs more to buy something at the same price.
A lot of speculation is based on the first two points, so some people take advantage of this opportunity, just like real estate speculation.
4. The development of emerging countries leads to an increase in oil demand.
As a non-renewable resource, long-term use of oil will reduce the output of oil. With the increase of car ownership in China, the demand for oil will also increase, and the imbalance between supply and demand will lead to an increase in oil prices.
1. What are the adverse effects of rising international oil prices on Asia?
The negative impact of high oil prices on the Asian economy is reflected in two aspects:
1. Rising oil prices will increase the oil import expenditure of Asian countries and regions, resulting in a decrease in trade surplus or an increase in deficit, which will adversely affect Asian countries and regions in maintaining current account balance, repaying foreign debts and investing in construction.
2. The rise in oil prices may also slow down the economic growth of western developed countries, reduce consumer demand, and then reduce imports from Asian countries and regions, which undoubtedly increases the factors hindering the development of Asian economies, which are an important driving force for expanding exports.
2. What impact does the rise in international oil prices have on the United States?
1. Oil has an important influence on the speed and efficiency of American economic growth. Many economic analysts predict that if the world crude oil price remains at a high level of about $40 per barrel this year, the economic growth rate of the United States will be reduced by 0.5 percentage points.
2. The high oil price has also led to a rapid rise in prices, which has significantly increased the pressure on short-term interest rates in the United States. In the last two or three years, the American economy has been able to overcome many difficulties and finally move towards a strong recovery. Low prices are an important reason why the Fed can keep interest rates at the lowest level in decades for a long time.
3. The persistently high oil price has also aggravated the trade imbalance in the United States, which has become one of the factors driving the increase of the trade deficit in the United States. Federal Reserve Chairman Ben alan greenspan believes that the sharp rise in oil and gas futures prices will have a significant impact on the long-term growth of the US economy.