THE TIMING IS SUSPECT…
After redecing to the level of 36 dollars in 2009, brent oil has risen up to 150 dollars in due course. Never falling under 96 dollars even at times of global crises, the oil prices are now at the lowest level of the last five years… It is not easy to explain the fall back of oil, losing around 40 percent value in the last six months from 116 down to 70 dollars, using economic data, as the current growth problem concerning the world is not as deep a crisis as imagined to be able to describe this recession.

THE TIMING IS SUSPECT…

SO , WHAT IS THE REASON FOR SUCH A BIG FALL?

Remember that the most popular issue of the recent past has been the currency wars? Nations were almost competing to trivialize their currency to gain the upper hand in foreign trade. Now, a similar case is going on in energy. As the world is slowing down, the trivialization of money failed to boost the economies as was hoped. Under the circumstances, before the economies could collect themselves, noone wants to deal with inflation…

This is the surface cause… Other factors concerning the oil recession include the fact that 50 percent of the USA oil production in the recent years is obtained from rock oil, and that the OPEC countries did not cut back production and kept the prices low with the worry of losing their market share.

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