Oil Reaching $30 a Barrel

Crude oil price reaches 30 barrels per barrel "Can the world buy $ 30 oil per barrel," Ed Krok emphasized that global delays are meeting worldwide demand growth. did. Therefore, he expects prices to rise above $ 30 a barrel. Petroleum dependent countries such as the US and Europe are currently focusing on high prices. In order to protest against fuel prices, French fishermen blocked the access port with their boat. Demand for the world has increased since the 1980s, so analysts accuse the production chain by not mine other oil reserves (though the mining of reserves in Europe at that time was considered non-economic ).

By 2020 oil demand will reach 100 million barrels per day, and by 2030 it will fall to 70 million barrels per day. This is equivalent to an actual decrease of 30 million barrels. This is 40 million barrel lower than the current "normal work" of the Energy Information Administration. . This has catastrophic impact on the oil industry by price collapse and prices may start to soar around 2021. "In the next decade the industry will grow more than the last century," said Jill Norman, director of the Renault car, French automaker. You can also sell automobile parts and cars. The same can be said for business, automobile insurance and oil industry. And that change is not very good. In short, we will stop using oil cars and abandon many related / related / dependent industries. And we need to start right away

Currently there are about 50 million barrels of oil per day in the $ 30 world. Let's assume that it is 55, since it uses 100 million barrels a day in the world. However, if you stop using 78,900,000 barrels, you do not have to stop using all barrels. Break $ 40. People who have all $ 30 of oil will start pumping quickly. Saudi Arabs will start pumping up rapidly as they see oil markets disappearing and must export oil to the market before the oil disappears. That will happen

Therefore, once efficiency becomes very important, that's exactly what the oil industry did. It allows people to invest in automation. In the summer of 2016, crude oil prices did not fall below 30 dollars per barrel, rose to around $ 50 a barrel. If you can produce with twice the efficiency, this is half of the $ 100 barrel they were familiar with. As a result, like the rise of Phoenix, they have changed. The oil drilling equipment resumed drilling, but nobody did a drilling worker. Those who are released will be unnecessary expenses