A study by two Federal Reserve Bank...
A study by two Federal Reserve Bank economists predicts that increasing worldwide demand for oil will push OPEC countries to capacity and prices above $30 a barrel during the 1990s. But after adjusting for inflation, the higher price level will still amount to only 60% to 80% of the peak price of oil reached in 1981, according to the study. The economists predicted that the 1990s will be a decade of slower economic growth in the United States because of higher oil prices.
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