On the premise that what goes down can go up again, Global Insight experts have analyzed the impact on automotive sales should oil rise to $200 per barrel. A recent white paper, “The Outlook for Light Vehicle Sales Under a High Oil Price Scenario,” finds such an increase would trigger a global recession with severe, though differing consequences, for automotive sales in the U.S., Europe and Asia. But first the good news. Widespread reductions in fuel subsidies throughout the non-OECD ...
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