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Oil falls below $ 90

Imatge
Posted in Linkedin Oct 16 2014  https://www.linkedin.com/pulse/article/20141016104438-186157434-oil-falls-below-90?trk=prof-post It seems very good news. Historically low price of energy reduces production costs especially with an extremely tech world as the current. But now the paradigm is completely contrary , the financial economy governs the world relegating industry and agriculture to a second order. Today buy and sell moves the world not produce. Oil is one of the more products that financial markets buy and sell, and it mean that follows the marked rules in terms of price. But oil had an artificial price. When created OPEC, it was grouping major countries which had greater oil reserves by the standards of that time; it created a Mega Dumping that killed the oil market, because if the price down production stopped and this turned up. Since the 70s the world energy economy has been captive to the decisions of these countries. Although now it's different, most of...

Why oil and coal consumption is growing day by day?

Imatge
Greed may explain many of the incongruous things that humanity tends to do. With complete certainty in the caves there were some Mr. Scrooge and all kinds of people trying to take advantage of the work of others or no interest in community affairs. But it would be simplistic to think that our problems come from selfish attitudes, all things considered many of the mistakes and atrocities in history were made thanks nice people with good intention added to ignorance, and record of stupid actions has that was making for love. But surely the little of selfishness that we all have, which individually doesn’t affect because most people behave when it is the moment honestly and generously, acts collectively producing really disasters that historians of all times trying to analyze and understand. However there are the most important elements that produce much more damage in my opinion, and we don’t usually deal with because they are part of our normal functioning, at the same time we believe...

Fracking, I can’t understand anything?

Imatge
Today have we faced an energy crisis? No Today are we in front of climatic crisis? Yes So, do we must extract energy at any cost? NO, NO and NO Why we have this obsession to extract oil, and other hydrocarbons, from anywhere and at any price? No there are deeper see, higher mountain or sacred site where if it has one drop of oil exits one company that want to take it. Doesn’t matter how deeper they must drill or how many square kilometers will need raze of forest, fields or villages, for oil is allowed all.  Night light of gas burning in air Not too long ago, in time of financial debauchery, when oil was very close to peak , prices of it rose to levels unseen and demand seemed that had unstoppable. In this context, with renewable energy in its early stages and people in the midst of madness of wasted energy, among others, Fracking might seem a solution because higher prices of oil turned it into cost effective. But today when oil producers reduce their extr...