Future of Oil

The future world of oil is on the verge of the oil crisis. I decided to study this possibility. Because it seems to be a rather serious problem, I feel more comfortable if there is enough information to form at least a fairly reasonable position. After all, I know little about this situation before any investigation, and it produced undeniable results: this problem is a very divided issue, both sides of the discussion have many supporters ing. I decided to investigate the claims of people claiming that the crisis is imminent.

On Sunday, 17th April, more than a dozen major oil producers, OPEC member countries and non-member countries are scheduled to gather in Doha, Qatar, to discuss the future of oil prices. Important items on the desktop are freezing crude oil production that has been circulating news since the beginning of this year and a public position equivalent to 1 billion dollars per day. At the press conference, the items of the agenda were mainly shown between Saudi Arabia and the representatives of Russia, the discussion on the length of production upper limit and its implementation in the coming months. In addition to Iran, 14 other producers, other than Libya and Iraq, are expressing their willingness to follow the roads set by the world's two largest oil producers.

They are seeing writing about the future of oil. In January 2015, Saudi Oil Minister ali al-Naimi expressed concern about the feasibility of long-term oil demand in 2050 and said there was the possibility of catastrophic technology and numerous carbon emission regulations It pointed out. According to the International Energy Agency, as of 2013, there are about 1,400 climate policies implemented worldwide, less than 200 in 2005. The fund will exceed 2 trillion dollars and become the world's largest sovereign wealth fund. It is twice that of other sovereign wealth funds. According to data of Sovereign Wealth Fund Institute and Bloomberg, this mega fund is ranked third in global assets, over Fidelity, more than $ 2 trillion, BlackRock is $ 4.6 trillion.

For many countries, petroleum is an economically and strategically important resource. Countries like the United States possess a large amount of crude oil for future use. Indicators of these oil reserves are indicators of investors, and changes in oil inventory levels reflect production and consumption trends. The Energy Information Administration Bureau provides a weekly supply estimate of petroleum and other liquids. As trend lines increase over time, suppliers may lower prices to attract more purchases. And vice versa, due to lower production levels, buyers began to raise the price of petroleum products.