Are we faces oil problem ?!

World can’t ignore what happened with oil price: oil reached the lowest level since August 2011.
Oil is going down, saudi didn’t limited oil export ,investors wondering ,”why is all that?!”
I think we are facing oil war but who’s participate in this ?

2015/01/img_1064.jpg

The glut of oil in world markets has been weighing on markets, and OPEC has vowed not to cut production as prices fall. “The market continues to react to the oversupply in crude oil and the reiteration by Saudi Arabia that it is not cutting production.

The second issue stems from overproduction of oil in the U.S. There has been a 71 percent increase in oil production since 2005, along with increased popularity of fuel-efficient cars and trucks because almost 90% on oil is for cars.

I think world should think about something else like : solar energy,hybrid cars and electric cars so we can decrease oil demand and price increases.

At end market will obviously correct it self at somewhere ,and now it time to country that doesn’t export oil to take benefits from this crisis like my country Jordan .

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s