A sharp rise in oil prices is always short-term, and the subsequent decline is poorly reflected in investment projects. Russia, together with OPEC countries, must maintain the price stability, because otherwise it can lead to the crisis of the entire market. Such an opinion in a conversation with “Tape.ru” expressed the State Duma deputy Vladimir Gutenev.
Choose the oil market can price of oil above 100 dollars per barrel. This was said to the President of Lukoil Vagit Alekperov.
“I would not like to see the prices of oil above $ 100 per barrel, as this can stimulate investments in low-butter-efficient projects and then again lead to the fact that we have already passed, – market collapse,” said Alekperov.
Inflation, as a shock for the oil market
According to Gutenev, after the global crisis, the recovery of the economy goes a rapid pace, and sometimes even too fast, which can potentially get to jump oil prices.
“Agreement concluded with OPEC countries forms a small shortage of valuable raw materials. Contrary to the general opinion, we are unprofitable for prices to be excessively high, because such a rise is always short-term. During this period, margin industries are becoming more attractive for investors. But This lift follows the inevitable recession, which is bad for investment projects as a whole, “the deputy explained.
Politician noted that Russia’s authority in a dialogue with OPEC countries makes it possible to adjust the policy of mining and pricing for valuable raw materials. This will help ensure the stability of the market and prevent a sharp jump of the price.
“Excessive rise in prices for raw materials automatically leads to an increase in the cost of services. For example, logistic costs, because the movements are inevitably associated with the cost of hydrocarbons, and the flywheel of inflation is now very dangerous. He is so unwound due to the fact that in the crisis The period of emission currencies was stamped uncontrollably. Inflation in the United States, for example, has already reached about eight percent, and its further growth is fraught with serious shocks for the market, “Gutenev noticed.
The deputy concluded that the joint actions of oil-producing countries are able to gently adjust prices so as to prevent excessive growth, overproduction and the next sale of valuable raw materials for a scentual.