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If you are talking about the price of spot crude, well, there's a lot of money to be made on that answer. If you are talking about the general question and about energy, in this petroleum age, and its relationship to the economy and the price of gasoline and other substances upon which we are dependent to make a go at doing nearly nothing in an otherwise realativlly unpleaset world, I really dont know. On the other hand, it appears to me that price of oil will decline when the energy consummers go to alternative sources for energy because they decide that they dont want to pay the current energy price. (I dont think that is circular: solar panels are about 10% effective just now; rachetit ratchet it a bit and make it and wind and water stuff more cost competative,and no way major primative societies, (us, without the other technology) are going to use less. The conversion cost is too much. ON the other hand....everybody else is going to go for something that costs so much....How long? That's a psychosexual question, not an ecomicic one when you get down to it.) Sadly, the price of oil is not going to droop, or drop it seems to me, unless we have a real major economic decline, as in depression, not mere depression, or slowdown, and then, all the other demands in the world might temper the decline. And what do you mean in the first place with numbers which constitute an "oil drop?" What's your idea of an 'Oil Prices Drop'? How about some numbers.
What else can I help you with?
The drop in oil prices in the 1980s probably helped to convince Venezuela to?
Why are you asking?! The answer is increase the use of hydroletricity
The economy of what suffers when oil prices drop?
The people who run the oil will make a little less profit. The economy as a whole will expand because products will get cheaper.
The fall in crude oil prices during the end of 2008 is attributed to?
Oil prices are not easy to forecast because a number of factors at any time will affect the price. However, enormous drop in crude prices world wide corresponded to declines in many other commodities as a global recession (drop in economic activity) occurred. This is discussed in the attached links. Some speculate also the prior to mid-June 2008, the oil prices increases were driven in part by a weaker dollar. See attached links.
If crude oil prices are valued in American dollars and the British Pound is now worth two dollars why hasn't there been a drop in the price of petrol and oil-related products in the UK?
The recent rise in oil prices has been much greater than the rise in the value of the GB pound against the US dollar. Without the change in the exchange rate the rise in oil prices in pounds would have been even greater.
Where can you get MOPS oil prices?
The MOPS oil prices can be found on the Platts website. It has current prices for oil, natural gas, and coal. The prices change on a regular basis and are constantly updated.
How is oil important to Venezuela econonmy?
Venezuela's oil-based economy illustrates the affects of overspecialization. When oil prices are high, its economy is strong. When oil prices drop, its economy weakens.
The drop in oil prices in the 1980s probally help conviced Mexico to?
Diversify its exports
What causes gasoline prices to drop?
American intervention in the Middle East Increase of oil supply
The drop in oil prices in the 1980'S probably helped to convince oil rich Latin American nations such as Venezuela to?
ask for money or to
The drop in oil prices in the 1980s probably helped to convince Venezuela to?
Why are you asking?! The answer is increase the use of hydroletricity
The economy of what suffers when oil prices drop?
The people who run the oil will make a little less profit. The economy as a whole will expand because products will get cheaper.
The fall in crude oil prices during the end of 2008 is attributed to?
Oil prices are not easy to forecast because a number of factors at any time will affect the price. However, enormous drop in crude prices world wide corresponded to declines in many other commodities as a global recession (drop in economic activity) occurred. This is discussed in the attached links. Some speculate also the prior to mid-June 2008, the oil prices increases were driven in part by a weaker dollar. See attached links.
What is venezuelas exports?
Venezuela is rich in crude oil reserves. Their exports include this oil, technology to use crude oil and farm products. Oil has been traditionally a prime export, however, the drop in crude prices has been a problem for Venezuela.
Why is oil importent to Nigeria?
Oil is important to Nigeria's economy because it is 90% of Nigeria's income. The money made from selling oil to other countries helps to build highways, schools and factories. Falling oil prices around the world caused Nigeria's income to drop. Also, years of low rainfall caused food production rate to drop.
If crude oil prices are valued in American dollars and the British Pound is now worth two dollars why hasn't there been a drop in the price of petrol and oil-related products in the UK?
The recent rise in oil prices has been much greater than the rise in the value of the GB pound against the US dollar. Without the change in the exchange rate the rise in oil prices in pounds would have been even greater.
What does the giant drop mean?
the giant drop has a theme - oil dropping from the top of a tower. in other words, the theme of the ride is an oil mill. the giant drop gondola is meant to be a drop of oil.
Where can you get MOPS oil prices?
The MOPS oil prices can be found on the Platts website. It has current prices for oil, natural gas, and coal. The prices change on a regular basis and are constantly updated.
