1.0Drishtikonehttps://www.patheos.com/blogs/drishtikoneDesh Kapoorhttps://www.patheos.com/blogs/drishtikone/author/drishtikone/What if Oil Reaches $200/barrel?rich600338<blockquote class="wp-embedded-content" data-secret="wUQ1kVbWXn"><a href="https://www.patheos.com/blogs/drishtikone/2008/05/what-if-oil-reaches-200barrel/">What if Oil Reaches $200/barrel?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.patheos.com/blogs/drishtikone/2008/05/what-if-oil-reaches-200barrel/embed/#?secret=wUQ1kVbWXn" width="600" height="338" title="“What if Oil Reaches $200/barrel?” — Drishtikone" data-secret="wUQ1kVbWXn" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
/* <![CDATA[ */
/*! This file is auto-generated */
!function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document);
/* ]]> */
</script>
Here some interesting information I received from a forwarded email. Don't know the source but it is fairly well said. - This would push shares of oil expenditure in nominal GDP to above peak levels of 1980 for most Asian economies. And Asian growth could be cut by at least another 1.5ppts. - Growth of economies with high energy-intensity, such as Indonesia, Malaysia, Thailand and Taiwan, would be affected more, while Chinese and Indian growth might be shielded by oil subsidy. - Average inflation rate could rise by another 3.5ppts, defying the notion that supply-driven inflation could go away by itself. Rates would move up much more rapidly across the region.