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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The announcement of the death of OPEC is the solution

    Rocky
    Rocky
    Rocky
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    • Post n°1

    The announcement of the death of OPEC is the solution Empty The announcement of the death of OPEC is the solution

    Post by Rocky Sat 30 Jan 2016, 6:36 am

    The announcement of the death of OPEC is the solution
    Saturday 30-01-2016 | 10:44:28
     
     
     
     
     

     
     
    The announcement of the death of OPEC is the solution %D8%B1%D8%B4%D9%8A%D8%AF-%D8%A7%D9%84%D8%B3%D8%B1%D8%A7%D9%8A
    Rashid Serail / OPEC, or the Organization of Petroleum Exporting Countries (The Organization Of The Petroleum Exporting Countries (OPEC)) which was founded in Baghdad in 1960, it includes all of Iraq, Kuwait, Saudi Arabia, Iran and Venezuela as countries Foundation then joined with other countries: Qatar (1961) , Indonesia (1962) -alguet membership from January 2009 to December 2015, Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973) - suspended its membership from December 1992 to October 2007, Angola (2007), and Gabon (1975-1994), became a current total of 13 countries.

    Was the organization's headquarters in Geneva, Switzerland, in the first five years of its existence, then moved to Vienna, Austria, on September 1, 1965.

    ACP States have, according to some reports, 81% of world reserves, and produce 32.096 million barrels per day, representing (33.7%) of the global production of 95.200 million barrels a day, according to data the month of December 2015 in the monthly report of the Organization of Petroleum Exporting (OPEC Monthly Oil Market Report - January 2016), and the details of production by the state, according to this report follows the unity thousand barrels per day: Iraq (4130), Saudi Arabia (10 144), Iran (3350), Algeria (1185), Angola (1740), Ecuador (533) , Kuwait (2930), Libya (There are currently due to the security situation of the country), Nigeria (1889), Qatar (632), Indonesia (No, because of the growing need has become oil consumer), UAE (2993), Venezuela (2570) .

    The goal of OPEC-and according to the location Alsm- is to coordinate and unify the petroleum policies among Member States, in order to obtain a fair and stable prices for oil producers, effective and supply, economic and regular oil to consuming nations and a fair return on capital to those who invest in this Industry.

    According to the goals of the organization it was to achieve positions as in the seventies of the last century.

    Although there are 13 countries, including the five states that the state institution but his greatest influence in the organization is the decision of Saudi Arabia, and over the past years has been the role of Saudi Arabia in the negative impact of the lack of coordination between the OECD countries and the impact of falling level of the organization in decision-oil to its lowest level.

    Currently, because of pushing the oil prices in the political equation in war themes including not serve the interests of producers, and enter the United States as a key player in through the impact on Saudi Arabia and other producers in OPEC and non-OPEC countries to flood the market and by changing their oil policy, and the emergence of new oil shale oil, sandy competitors after low extraction rates and because of the support of governments like the United States of America to the producers, and the slowdown of the Chinese economy, and other are all reasons led to a significant decline in oil prices without little to no effort from OPEC United States and has made it gains hundreds of billions as well as States, which runs the oil industry of petroleum products and the resulting, and so was born a lot of pressure on Russia, Iran, Iraq, and Iraq in particular primary dependence on oil, but the impact on Saudi Arabia itself to record a deficit in its budget for 2016 is the largest in its history.

    All this and change the relationship between producers and consumers than was the case mechanisms Aban founding of the organization as well as the entry of speculators on the line of price-fixing as well as the changing international political equations, the re-audit OPEC action is absolutely necessary, and with the presence of Saudi Arabia and thus influence the review process of this may not be feasible So the declaration of the death of the organization and establish a new organization that includes former members except Saudi Arabia and some Gulf states and add new members are being treated weaknesses that were suffered by the organization, including the major consumers of the control, and the lack of an active political and economic international strong among its members, and not to have it as Next:

    1-exclusion of Saudi Arabia from the new organization or neutralized or brushed from the leadership of the organization in practice by introducing new players.

    2. Add each from: Russia (political and economic clout and to ease US pressure on the organization and control and because its production nearly Saudi production), Norway (as a representative of a European), Brazil, Mexico, Kazakhstan, Azerbaijan, Canada, Colombia, Oman, and other countries in order to preserve the rights of producers, and to ensure greater market control because with the presence of these countries will be organized proportion of global output greater than the current ratio even with the exit Arabia.

    Note that all of Azerbaijan and Oman expressed a desire for some time to enter the Organization and Russia hints for some time that the introduction of non-OPEC Russia, where errors and it is possible to play a major role in oil prices.

    3-existence of all of Russia, Iran and Qatar as the largest producers of natural gas possible that a private organization be producers of oil and gas, not only oil.

    4-establishment of a private market and the issuance of a private organization to ensure that currency speculators control oil prices.

    5-opening to new markets, although the United States is still the first consumer in the world's oil but there is rapid growth in Asia, Latin America and China is expected to surpass in 2030 the United States to become the first consumer in the world.

     Yes, the topic is very difficult and the many aspects and not talk about it like it applied only possible if available will especially with the presence of the great economic pressure on producing countries and suffers from crises because of the current situation.

     
     

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