YEREVAN. – The oil prices will substantially drop in the coming years, in connection with the discovery of large amounts of oil reserves in US and their extraction, Alternative Research Center Director, economist Tatul Manaseryan said during a press conference on Friday. “The cost price of one barrel of oil could reach the record low US$ 20-25 in the United States,” he added.     

In Manaseryan’s view, the US dollar will gain value, since US Senate approved President Obama’s reform package. As per the economist, one dollar could approach one euro in 2012, against the current €1/$1.27 mark.