dissabte, 7 de març del 2015

News: Is cheap oil killing the planet?

The oil suffered a very high reduction of its price and such reduction has been applied since 1990.
This reduction has cause all kind of reactions in the world, like for example as it was expected the people buy more oil so they spend more. Now that the oil is cheaper a lot of people won't be interested in electric or more efficient cars and that could be a problem. In a few years the Earth will be completely out of oil and and that will happen sooner because of the cheap oil.

I have read that this reduction of oil could be and strategy of USA against Russia, because for Russia make oil is more expensive than USA so Russia could lose a lot of money.

Investment = Inversió     Taxation = Impostos            Transition = Transicció

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