The world is on еру threshold of energy crisis

The world stands on the threshold of energy crisis; it is marked in research of British research center Chatham House. In opinion of center representatives, in the nearest five-ten years the energy crisis that will lead to jump of the prices for oil up to 200 doll./barr.
in the report of leading researchers from Chatham House it is marked that there is all the bases to believe, that in 2013 crisis will burst. Most likely, in the market there will be a deficiency of oil, even despite of gradual escalating of volumes of manufacture.
, in opinion of Chatham House analysts, absence of necessary quantity of investments for the further development of oil deposits will play also play one of the leading roles. The matter is that the majority of the oil-extracting companies are compelled to pay quite good dividends to the shareholders instead of putting the received profit into development of new deposits and to improve already existing deposits.
In the end of the last week prices for oil futures have continued to decrease and as a result were established at the lowest level. Within the nearest for oil contracts delivery month results of the tenders at stock exchanges have made: in New York at the New York Mercantile Exchange (NYMEX) the official price of future Light, Sweet Crude Oil (September) has fallen on 4 dollars 82 cents (-4,0 %) and was established at the mark of 115,20 doll./barr.

This entry was posted on Tuesday, August 19th, 2008 at 6:52 am and is filed under Globalization. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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