MacroVoices #317 Philip Verleger: Central Bank Policy Trumps Energy In Economics
Macro Voices
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The Oil Industry Needs a More Constructive Dialogue
There needs to be a much more constructive dialogue between oil producing countries, the oil sector, economic planters and central bankers around the world. Oil industry doesn't make it thing any easier by saying, look, you're gon to be paying a hundred and 50 or 200 dollars a barrel. Central bankers say, well, we're goin to keep inflation to two% which i guess growth can be slower, and we we're not going to need the oil. Somehow a dialogue has to be struck.
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