Who behind Uncontrolled Oil Price
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.
China with more than 1.2 million citizens is potential demand on oil. China the new industry country demand oil higher than others. India is the second demander on oil price. America is third.
More and more, while oil is hyper elasticity good, external factors make it crazy. I hate investors played and take profit on oil stocks and dollar. Speculators and investors are behind the screen why oil price isn’t going down. They suffer poorest countries and they suffer their generations in future.
Maybe in near, we must make a new idea; don’t harm oil price, don’t harm oil and food.
