The Impact of Nondollar-Denominated Oil Pricing
OPEC has discussed replacing the dollar as the currency in which oil is priced. The impact of such a change on U.S. energy costs is explored using a simulation to reconstruct oil costs for the period 1986-90. Variability of oil prices would have been higher as would have the U.S. trade deficit and overall domestic oil expenditures.
Volume (Year): 18 (1992)
Issue (Month): 2 (Spring)
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