| generic-user-1 said: there are many states who have to sell oil. they cant decide that the price is to low. you cant just say no to your only income. |
It's not about states, it's about lack of those who could pay for ever-growing production costs. Players on global markets sell smth to have a constant flow of foreign currency in their pockets for overseas operation, understandably keeping a great deal of accounts nominated in reserve currencies or currencies of primary buyers such as dollar or euro. If global financial system is no more, these two effectively rendered as cut paper. What any company with any sign of strategic planning will do in such cirsumstances? Will try to hedge risks, move opertations to other places, work out other options of mutual trade like swaps etc. The notion that someone have to sell smth is silly at best, and again a wishful thinking that global energy market will remain intact. It won't, market will shrink significantly for various reasons up to physical destruction of certain region markets.
| generic-user-1 said: we look at a 10 year trend of decreasing energie generation(sure some years are up a bit some down a lot, but thats the normal fluctuation produced by the economy). |
High amplitude fluctuaitons kill people, you know ;)
