08-25-2009, 02:28 PM
Experts predict that world oil price may reach the point of 200 USD by 2012. And you know it’s not groundless. Look, now petroleum exporting countries reduce oil extraction so they lower supply in the markets. While demand in black gold is stabile in growth trend because most developing economies such as Indian and Chinese ones need petroleum more and more. You shouldn’t be an outstanding economist to know that supply and demand is an economic model, based on price in markets. Talking about current situation in world oil markets, I can see that demand is significantly outdrawing supply. I’m sure, in the near future we’ll meet jump in oil prices. So if our leaders are really interested in economic recovery of European countries they are to lay oil in stocks right now, when the price is 75 USD per barrel. They shouldn’t delay this process!