Selasa, 19 April 2011

Developing Countries Producing Oil And Unrest Libya

The collapse of the regime of Hosni Mubarrak who has been in power nearly three decades in charge of Egypt which propagate in the neighboring country of Libya, middle east i have enough influence to impact the country - the oil-producing developing countries. Prediction beginning with the collapse of the Mubarak regime does not affect on world oil prices, but in reality after creeping up to a volatile Libya bring trouble the world today. As we know, Libya is a country in the world crude oil contributing nearly 60 percent of which is currently stalled due to turmoil. This issue will automatically have an impact on the country - other crude oil producing countries and led to the world economy. According to predictions by the experts to cover 60% of oil from Libya can be closed by the state - other oil producing countries who are members of the OPEC organization. But that did not also cover the supply of crude oil produced by the world.

Rising Oil Prices

With these conditions cause the price of oil continues to meningakat starting from February 2010 from crude oil price of U $ 101.43 / barrel reached U $ 123.82 / barrel till the month of April 2011. These impacts affect the developing countries one of Indonesia with a population of approximately 237.56 million people based on the census of 2010, must tighten belts following the global economic shocks. The gap between the level of Indonesia's crude oil consumption reached 1.5 million barrels per day is not comparable with domestic oil production, which only reached 950 thousand barrels per day. This makes Indonesia must meet quotas by importing oil. Did not rule this occurs against the state - other developing countries.

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