The International Energy Agency released its report on January 18, increasing the global oil demand growth forecast from 2011 to 2012. The forecasts of the Organization of Petroleum Exporting Countries (OPEC) and the US Department of Energy Information and Information Agency are similar.
High oil prices have caused people to worry about the direction of the world economy. Raising the expectations of global demand growth has added to people's attention to the world oil market. Some experts even believe that this year and next year may have to repeat the history of oil price fluctuations in 2008.
In fact, the data show that the world’s oil production has remained roughly flat in recent years, with 3.9 billion tons in 2006 and 3.935 billion tons in 2008. In 2009, the output slightly declined. The supply of oil will not show ups and downs in the next two years. The oil output of the Organization of Petroleum Exporting Countries in the next two years is only 300,000 barrels per day higher than that of 2010, and the main feature of supply is the low remaining capacity. The International Energy Agency believes that the organization’s remaining capacity will be lower than 5 million barrels per day over the next two years.
So, what are the factors that keep oil prices going higher? The author believes that the peak oil theory may be the main “backhand behindhand†for high oil prices. Financial speculation, the US dollar exchange rate, and the security situation will also boost the further rise in oil prices.
In short, the so-called oil peak theory is talking about oil as a non-renewable resource, which will inevitably drop after peak production in a certain area. Since the beginning of this century, there have been more and more studies on the peak of oil, and the judgment on the world energy situation has suddenly added uncertainty and made it difficult for the government to make decisions. The International Energy Agency also used the “ghost†for the first time in its 2010 World Energy Outlook report to describe oil peaks. Despite the tone of the question, the organization has acknowledged that the peak of conventional oil has come in 2006. The controversy focuses on the amount of unconventional oil and alternative oil.
If the arrival of oil peaks is confirmed, then it can be said that the world is entering the post-oil era. This era will generally have the following characteristics: First, oil production has been at a peak platform; Second, oil prices have fluctuated at high levels; Third, many countries and companies have started to respond to oil peaks. It will have a tremendous impact on the world economy, politics, and society. In other words, the higher the cost of oil, the lower and lower the rate of production, the greater the difficulty of production, the higher the price. If there are "accidents" like the oil spill in the Gulf of Mexico last year, not only oil production will be affected, but supply will also be restricted due to constraints such as safety, environmental protection, and technology. From the current point of view, the global oil demand remains strong, especially the rapid development of emerging economies, will also increase demand for oil, price increases are difficult to avoid.
The oil price is operating at a high level, and the impact on the world economy will gradually emerge. Relevant calculations in 2009 believe that if oil prices stay above 80 US dollars per barrel for a year, the world economy may fall into recession. The current price of oil is roughly at 90 US dollars per barrel. If you break the 100, the world economy will be seriously affected by a new round. In this regard, we must not take it lightly.
If the “post-oil†era really comes, it’s time to plan for the oil crisis. Judging from the perspective of sustainability, as soon as possible, adjusting economic development methods, developing new energy sources, and reducing dependence on oil imports will not only affect the country's economy, but also affect the economy.
High oil prices have caused people to worry about the direction of the world economy. Raising the expectations of global demand growth has added to people's attention to the world oil market. Some experts even believe that this year and next year may have to repeat the history of oil price fluctuations in 2008.
In fact, the data show that the world’s oil production has remained roughly flat in recent years, with 3.9 billion tons in 2006 and 3.935 billion tons in 2008. In 2009, the output slightly declined. The supply of oil will not show ups and downs in the next two years. The oil output of the Organization of Petroleum Exporting Countries in the next two years is only 300,000 barrels per day higher than that of 2010, and the main feature of supply is the low remaining capacity. The International Energy Agency believes that the organization’s remaining capacity will be lower than 5 million barrels per day over the next two years.
So, what are the factors that keep oil prices going higher? The author believes that the peak oil theory may be the main “backhand behindhand†for high oil prices. Financial speculation, the US dollar exchange rate, and the security situation will also boost the further rise in oil prices.
In short, the so-called oil peak theory is talking about oil as a non-renewable resource, which will inevitably drop after peak production in a certain area. Since the beginning of this century, there have been more and more studies on the peak of oil, and the judgment on the world energy situation has suddenly added uncertainty and made it difficult for the government to make decisions. The International Energy Agency also used the “ghost†for the first time in its 2010 World Energy Outlook report to describe oil peaks. Despite the tone of the question, the organization has acknowledged that the peak of conventional oil has come in 2006. The controversy focuses on the amount of unconventional oil and alternative oil.
If the arrival of oil peaks is confirmed, then it can be said that the world is entering the post-oil era. This era will generally have the following characteristics: First, oil production has been at a peak platform; Second, oil prices have fluctuated at high levels; Third, many countries and companies have started to respond to oil peaks. It will have a tremendous impact on the world economy, politics, and society. In other words, the higher the cost of oil, the lower and lower the rate of production, the greater the difficulty of production, the higher the price. If there are "accidents" like the oil spill in the Gulf of Mexico last year, not only oil production will be affected, but supply will also be restricted due to constraints such as safety, environmental protection, and technology. From the current point of view, the global oil demand remains strong, especially the rapid development of emerging economies, will also increase demand for oil, price increases are difficult to avoid.
The oil price is operating at a high level, and the impact on the world economy will gradually emerge. Relevant calculations in 2009 believe that if oil prices stay above 80 US dollars per barrel for a year, the world economy may fall into recession. The current price of oil is roughly at 90 US dollars per barrel. If you break the 100, the world economy will be seriously affected by a new round. In this regard, we must not take it lightly.
If the “post-oil†era really comes, it’s time to plan for the oil crisis. Judging from the perspective of sustainability, as soon as possible, adjusting economic development methods, developing new energy sources, and reducing dependence on oil imports will not only affect the country's economy, but also affect the economy.
Mini Screwdriver,Key Chain Screwdriver,Iphone Screw Driver,Mini Pocket Screwdriver
Yucheng Weisite Measuring Tools Co., Ltd , https://www.wsttool.com