Oil Today

Oil remains one of the pillars of global economic system. The industrialized countries are highly dependent on consumers and the resource, they have rarely or in insufficient quantities in their territories. This mismatch between producers and consumers of oil resources is a source of geopolitical tensions that sometimes lead to armed conflict. Every industrialized country is seeking to satisfy his greedy in trying to secure oil supplies abroad. Recent history shows that some nations are prepared to having recourse to more extreme solutions for control of oil fields. And it's probably just the beginning: the consumption is increasing, and the arrival of Hubbert Peak (peak oil) is imminent. The emergence of newly industrialized countries (NICs) such as China and India maintain demand while supply is struggling to keep (some deposits are depleted or running low).

With demand will remain strong and has an offer that will tend to stagnate or even decline in the coming decades, the price of oil is expected to increase from current levels. Then it will tend to stabilize at a high price (very clever one who can predict the level of the award), along with a request that will stagnate. The rising price of oil makes some tracks technology - alternative to oil-field exploitation difficult - economically viable, and leads to a general rise in prices of other fossil fuels, for reasons still justified by (speculation) .