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Tuesday, September 6, 2011

Boiling Oil Plays a Spoil Sport


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Most countries are dependent on imported crude oil to fuel their industrial and economic rast.Velika economy in the world is recovering from the recent recession on the way economic oporavka.Diže oil prices in the recent past will play a spoil sport for those economies . Countries like USA, UK, EU and Japan have big plans to get their economy back on track for development, but are now faced with the threat from rising prices nafte.Rast oil prices will significantly increase production costs across the board in economic powerhouses. According to the IMF and the world economy grew by 4.8% in 2010, but these estimates have projected lower growth rate of 4.3% in 2011.

The International Energy Agency (IEA) has already issued warnings about the negative effects of sustained increases in oil prices in 2011.Ulje burden the economy will adversely be effected in the current year according to IEA estimates. At prices of up to $ 90 per barrel crude oil cargo from various countries in the world is fast approaching the threshold of recession 2008th To make matters worse the price of oil remains above $ 100 per barrel barrier, there are no signs of recovery yet. The political situation in the Middle East is getting unstable and unrest is spreading in many countries in the region.

Many countries in the world are already developing a strategic oil reserves that can be used to delay the impact of this oil increase on their local industries. While in developing countries like India who have no such reserves can provide very little resistance to this situation and may have no choice but to pass on the increase in industrial and retail consumers.

is the current trend of oil prices is not limited soon obliged to keep the international markets and make economic conditions worse. World leaders are monitoring the current situation very closely and I can come up with a solution of this. If things are left to their own course could turn into a bad economic situation to tackle.

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