jacky | May 22, 2008 | 4:56 am
When oil price became uncontrolled, more than half of populations are suffered. Expansions to find new oil mine is hoped to increase our stock.Who behind the uncontrolled oil price?
Many people suggest that running high oil price is caused by declined Dollar against major currencies. To day, oil price makes its new record again around $133 USD per barrel. Main factors they said is declined on dollar against major currencies, announcement from USA government about their latest oil strategies stock, high demand in China on oil.
I know well about supply and demand and equilibrium. While supply is running low (demand is constant), new equilibrium is running higher than before. Oil isn’t others goods like TV, Cellular, Coffee and more. Oil is very sensitive goods. Because the supply is running low in future; and demand is still up because of populations grow significantly; we see, if external factors harm the equilibrium, oil price becomes uncontrolled. Read more »
jacky | May 12, 2008 | 2:07 pm
A short opinion from metropolis opinionBlind Fluctuate on oil price has been striking third countries very hard, especially Net Importers from Third Countries (Poor Countries or Developing Countries).
As we know oil is unlimited resources so in front, someday oil supply decline and people will find someone else to replace oil. Many inventions had been done; for example electric auto car, sun-power auto car, nuclear for electric and more. But so far, those new inventions have been proven well but those things are too expensive and seem quite familiar to us. Nuclear is last alternative to replace our oil problems. While nuclear is very cheap; nuclear is very dangerous and must taken careful. So far; nuclear has been installed in rich countries, such as Japan, America, Russia, and Europe.
Newer invention has raised, oil can be replace with plant-oil (I don’t the phrase). The invention had been people replacing their land for food to land for oil. Many farmers have been replacing their land for food to land for oil, because of business. So the impact is food production had run low in recent days. In third countries (poor countries), which have agriculture as their main sectors, in the past is net exporters replace to net importers food. Read more »
