The Economy Needs Higher Oil Prices – Goldman Sachs

globalds

I can't really get my head around this notion.

Not that I don't understand what is being stated

I just think it would be easier for any nation to just tax oil more and spend the money raised on the economy themselves the same as they expect the wealthy gulf Arabs to ,after they have paid off some of their own debt ..paid off a bunch of fundamentalist helpers and replaced their now two or three year old Bentley's

http://oilprice.com/Energy/Oil-Prices/The-Economy-Needs-Higher-Oil-Prices-Goldman-Sachs.html

An integrated financial system means that savings from oil producing countries finds its way back to consumer countries, where it can stimulate growth. The investment bank singles out the early 2000s, in which rising asset prices and global growth came even as oil prices (and prices across a range of commodities) rose substantially

They mean debt right ?

That money coming in and stimulating our economy.

I personally will be happy if Saudi Arabia never shows a surplus again

michaels

globalds wrote: »

I can't really get my head around this notion.

Not that I don't understand what is being stated

I just think it would be easier for any nation to just tax oil more and spend the money raised on the economy themselves the same as they expect the wealthy gulf Arabs to ,after they have paid off some of their own debt ..paid off a bunch of fundamentalist helpers and replaced their now two or three year old Bentley's

http://oilprice.com/Energy/Oil-Prices/The-Economy-Needs-Higher-Oil-Prices-Goldman-Sachs.html



They mean debt right ?

That money coming in and stimulating our economy.

I personally will be happy if Saudi Arabia never shows a surplus again

Yes but there is probably much less room for Goldmans to take a cut if it doesn't get routed via rather dodgy regimes in oil producing countries....