Oil prices … fiscal folly beings at Fifty-Five

Andrew McKillop: Oil prices … fiscal folly beings at Fifty-Five

Recent weeks have shown those same finance ministers and their central bank governors or presidents in much less rational mood.
No longer demanding the impossible — that OPEC delivers oil at less than US$40-per-barrel through magically producing much more — those same central bank directors are now preaching their own WMD: the interest rate weapon.

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