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 »
Tags: China Demand, Demand, Investor, Oil Price, speculator

