Title page
Contents
Overview and Summary 2
1. SOURCES AND USES OF PETRODOLLARS 3
2. PETRODOLLARS EFFECTS ON GLOBAL IMBALANCES 6
3. POLICY IMPLICATIONS 7
Table 1. Oil revenues and uses in major oil exporters, 2002-2005 4
Table 2. Key economic indicators in major oil exporters, 2003-2005 5
Table 3. Changes in current account balances 2002 to 2005 6
Figure 1. Crude oil price in current dollars versus 5-year moving average 3
Figure 2. Saudi Arabia s current account balance versus real price of West Texas Intermediate Crude Oil 7