This project is hanging by a thread. Chad remains unprepared for the complexities of an economy increasingly dominated by oil.

In the big oil shocks that really damaged the economy, the tax on the consumer was many times more than that, but that alone wasn't enough. You also had to have people worrying that prices were going higher forever.

Oil prices are effectively a tax and we want a low-tax global economy. I am happier with lower prices, even if the profits of oil companies come down.

Cameroon's current oil revenue does not enter the local economy. Oil revenues go abroad to the overseas accounts of the elite.

The U.S. economy is kind of a juggernaut. Look at the last few quarters, how it shook off oil price spikes and hurricane shocks.

I have to admit that the rise in oil prices is having an impact on the Chinese economy.