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Kuwait: lower oil prices hurt the US economy and led to lay off thousands of workers
Date: 10:30 12/04/2017
oil
Information / Baghdad ..
He affirmed Kuwait's Oil Minister Issam Al-Marzouk, Wednesday, that the decline in oil prices is not in the interest of the US economy and adversely affects him, pointing out that the decline in prices has led to lay off tens of thousands of American workers working in the field of energy.
Said Al-Marzouk in an interview with the newspaper "Al Rai" Kuwait seen by / information /, "The decline in oil prices is not in the interest of the US economy, as some believe, but on the contrary, Depressed prices and according to historical data negatively affect the US economy, indicate that data that the decline in production in America is accompanied by a decline in prices. "
"The high prices in recent years has given the opportunity for American companies to raise production by about 75 percent over 6 years, as the data indicate that the decline in oil prices increased US dependence on imported oil, especially Arab oil heavy from it, and also led to a decline in growth alternative energy sources, especially renewable energy, as opposed to the demobilization of tens of thousands of American workers working in the field of energy. "
Al-Marzouk pointed out that "there are many factors that affect oil prices, including political and non-political ones, including direct and indirect, and perhaps indirect causes that led to the decline in oil prices represent the shale oil revolution." Finished / 25
http://almaalomah.info/2017/04/12/economic/146813
Date: 10:30 12/04/2017
oil
Information / Baghdad ..
He affirmed Kuwait's Oil Minister Issam Al-Marzouk, Wednesday, that the decline in oil prices is not in the interest of the US economy and adversely affects him, pointing out that the decline in prices has led to lay off tens of thousands of American workers working in the field of energy.
Said Al-Marzouk in an interview with the newspaper "Al Rai" Kuwait seen by / information /, "The decline in oil prices is not in the interest of the US economy, as some believe, but on the contrary, Depressed prices and according to historical data negatively affect the US economy, indicate that data that the decline in production in America is accompanied by a decline in prices. "
"The high prices in recent years has given the opportunity for American companies to raise production by about 75 percent over 6 years, as the data indicate that the decline in oil prices increased US dependence on imported oil, especially Arab oil heavy from it, and also led to a decline in growth alternative energy sources, especially renewable energy, as opposed to the demobilization of tens of thousands of American workers working in the field of energy. "
Al-Marzouk pointed out that "there are many factors that affect oil prices, including political and non-political ones, including direct and indirect, and perhaps indirect causes that led to the decline in oil prices represent the shale oil revolution." Finished / 25
http://almaalomah.info/2017/04/12/economic/146813
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