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Monetary policy has become even more accommodative since the peak of the financial crisis in Frankfurt. Read more to discover how the central bank has exerted its power in order to ensure price stability, its primary task.

Many people, especially people who can afford oil at the moment, complain of it being too expensive at $40 a barrel. However, economists say this is nothing compared to oil's future price. Some even say it is too cheap since its demand has increased dramatically while it can only be provided in a certain amount. By raising its price, it could lower the demand. At the Association for the Study of Peak Oil 's conference in Berlin, it was discussed about the consequences of oil's rising prices.

I agree with you. It is true many people do not value what they have. Most of the resources are consumed at the rich countries, and we still want more. Instead you´ll never hear a man who just have enough to feed his family complaining because rice is 6 cents more expensive, if he still can afford it.... sometimes we do not see it, but we are really ungrteful.

i agree with you as well Constance but when the price for oil will increase it will also cause a chain reaction that would increase prices on products as well. do you get my point ? ? if a person needs oil he wont be able to live without it lets take an example i am a villager who has a big valley where i gather potatoes like 20 tons. i need to transport them so when transportation price will increase i will have to increase price on potato . so you see what i mean it a little bit miscellaneous point