The predictors predict that the world oil price will reach US$150 per barel. Now the world oil price is US$132 per barel according to Indonesia Crude Price (ICP). The director Reforminer Institute Pri Agung Rakhmanto said that The government can only make a subsidy about Rp.200 trillion, actually if the world crude oil rises to US$150 per barrel, then the subsidy can blow to Rp.260 trillion. If this happen, the government doesn't have any choice except he rises the domestic oil price again. According to Pri, the increasing of the world crude oil is not controlled by OPEC. Because of that, the oil price is still climbing up. Nevertheless, it doesn't really affect the developed nations because their consumption of oil becoming less and they start to use alternative energy.
http://www.detikfinance.com/read/2008/07/03/191019/966694/4/apbn-2008-terancam-jebol!
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