Wednesday, April 28, 2010

Why the oil price keep on increasing?

Here in the third world, we are hit hard by the increase in the price. Is there no any group that can do something?Why the oil price keep on increasing?
It takes great leadership on a national level to steer from OIL.


Promoting Worldwide incentives for a cure to our oil addiction in my opinion is the slogan - the 'war cry' of our generation.Why the oil price keep on increasing?
Supply %26amp; Demand = high prices





The supply is ';limited'; by locations and the ability of new sites to obtain oil.


The demand is vast by the growing population and China entering the market





While many view China as a reclusive country , they have billions of people - a growing base of economic wealth and the desire to buy up everything the world has to offer. At the moment that is high priced cars, buses , trucks and motorized bikes that all use oil based products. They are also willing to pay whatever it takes to get their share - so other countries are forced to pay more just to compete for what they used to get at a fair market value.
Oil is a finite commodity. We know that since latest 1960. There has not been any major find since 1980 and most old sites are getting dry.


The world burns through 28 million barrel a day from which , 16 million alone are burned by the USA.


Oil price will increase ultimately to the point, when there is nobody there to pay it anymore.


But instead getting independent from oil, the big nations love to war monger and waste time.
Here in the USA we're hit too because the Environmentalists have prevented any new capacity to refine crude from being developed for over 35 years. So far as the ';third world'; goes...if you've other resources that the Arabs want than your gov't should be using them as bargaining chips to get oil to refine. If you're not refining on your own than perhaps your country should develop a refining capacity of its own. GOOD LUCK!
No, because the people who own all the oil have more power than the government!

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