We are now facing the situation were we have both the crude price in a daily price record and also
the dollar fluctuation, but in a downward movement, in a way this helps to relief the crude price since
all transactions are in dollars.
But something serious must be made...the world economy cannot support for very long these crude prices.
If the oil companies continue in this path they will also suffer serious problems as more and more alternative energy solutions
become more apparent such as hybrid cars, fuel cells and so on..the consumer will also reduce the use of cars to a minimum and in this way the prices will drop.
The exporting crude countries should remember that today they control the energy market but tomorrow they may be starving.
SOUTH AFRICA SPRINGBOKS
South Africa laid the groundwork with traditional Springbok rugby and finished an out-gunned England side off with two late tries to win ...
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Ending November we saw a decline in the Crude price as oil fell below $90 a barrel in the biggest weekly loss in two and a half years on con... -
WorldWatch has received yet another warning in that the world has reached the point of maximum oil output and production levels will halve b...
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As can be seen on some post of this blog the CEO of Galp Energia is worried at the amount of money the company looses due to various reason...
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