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Is oil price volatility to blame for lack of stable economic growth?

Posted on 31 January 2014

A new report for Oxford University has stated that crude oil price volatility is undermining stable economic growth around the world, and that governments must do more to reduce their dependence on fossil fuels and protect themselves from increasing prices.
Sir David King, one of the co-authors of the report, a former Oxford don, and chief scientific advisor to the British government, said that a boom in production of shale oil and gas could well help to delay any high price increases and avoid violent fluctuations for the time being, but that it does not offer a long term solution to the world’s energy needs………………………………………..Full Article: Source


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