Here's a WSJ article. http://www.zawya.com/story.cfm/sidDN20071211018063/SecMain/pagSaudi Arabia#DN20071211018063
You may increase oil prices, but for how long, after all transportation depends on it. Suppose you develop or improve other sources (like wind, solar, water, hybrid fuels, electric etc.). If they are reliable & good, demand for oil shall fall. What do you all say?
What I get is some relationship between oil & countries & markets? Does US economy rule the oil prices? If so, how & why, what is this relationship?
Honestly, I don't know why we're all so against India or the Arab states going nuclear. If they decide to use nuclear weapons, it's going to be amongst themselves and their neighbors in some dumb ass feud they have continued to push since the dawn of time. And if one of those nukes goes off in India? The loss of life will be beyond measure. A billion less citizens in the world will do a whole lot towards helping resource shortages, not to mention making the subcontinent uninhabitable for about 44,000 years. Harsh? Yep.
The above is known as âInter-market relationshipâ. It is important as it tells you how different markets affect each other. US dollar does affect the price of Oil. Oil is priced in dollars, so when dollar values falls, oil prices goes up & vice versa. Read below to get a better idea of: Oil & dollar relationship: http://www.elitetrader.com/vb/showthread.php?s=&threadid=104501 http://elitetrader.com/vb/showthread.php?s=&threadid=108642 Intermarket Thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=55456
Let's see. Christians want to drill for oil where large quantities of oil are projected to be. Christians want to build refineries. Christians want to develop nuclear energy. The heathen say: no, no, no And just as night follows day, the heathen then claim that it is the simplistic outlook of Christians and Christianity that causes high energy prices. Sometimes we Christians wonder how the heathen find the floor when they get out of the bed in the morning.
Mind you this is one of the most popular off-shore workplaces. IMO, it's careless at best or negligent at the least to put your clients at risk by using resources in an area that is so volatile.
Perhaps you have underestimated how far the Chinese currency can rise relative to the USD without "destroying their export competitiveness." To my mind, anyway, you have. Oil will become cheaper, on a relative scale, for them! And that could be a very significant factor in a nation that is rapidly increasing car ownership. And they are doing it at a time when the need for fuel efficiency is recognized and the desirability of alternative fuels and hybrid vehicles is understood. It seems your remark: "The cheap energy that fueled their growth will lead to their economic destruction at this point" may be somewhat of an overstatement.
Most denotes 50% or more, and according to data is appears we get more oil from OPEC countries than Mexico, Canada and Venezuela combined. HOWEVER, we do get a lot of our oil from these 3 countries <3 canada