Thursday, February 26, 2015

Peter Voser, Royal Dutch Shell manager informed about the possible effects of the protests and fuel

Problems in Libya and oil prices | Associate Professor's Blog
Peter Voser, Royal Dutch Shell manager informed about the possible effects of the protests and fuel oil prices. Although the price of oil at $ 104 takes a barrel, it does not cease to rise and all that is caused protests and uprisings in the Middle East, which are the main exporters of oil.
Though the region can expect the situation stabilized and the stabilization of oil prices, many oil companies have expressed concern that the future demand for oil will not meet its supply. The reason is that the change in the oil-exporting of government, are unable to determine whether the new government will be able to meet the export standards of the former, as well as update the same contracts with the same buyers.
The reduction in investment opportunities in the region, which is not guaranteed investment protection and a stable market, the price of oil may begin to rise drastically. The consequences are already observed in food and fuel prices has in many countries.
"We are sure we can expect the time of oil supply to meet the demand. The situation will be stabilized temporarily OPEC'ui increase its oil export levels but it will not last long ... But I trust OPEC'o opportunity to meet the 1 million barrels bittersweet candy bowl rule 34 / day extracted from Libya. "- Said Peter Voser'is.
OPEC has the ability to meet the Libyan oil exports and the amount of relief, although many expect, the situation can result in serious long-term. Long-OPEC oil supply bittersweet candy bowl rule 34 will not be able to compensate for Libyan inactivity and at the same moment to keep prices low. This oil cartel is important to strongly regulate the amount of oil extracted to keep him favorable prices. It would only be a great moment in world oil cartels to consolidate their power. Continue to raise prices, after another pretext, will people becoming poorer and bankrutuojamos state. No one knows how long it may take, but "never good globalist does not run a good chance."
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