The collapse of oil prices .. between the Western exploitation of the Saudi role News
Source: Ali Abd al-SalmanSection:
reportsJanuary 2, 2015 8:49
Publishing site "compass" Saudi article reviewed the reasons for the collapse of oil prices in world markets and the role played by Western countries, led by the US and Saudi Arabia, and on her head in this area. According to the article:
For the first time in six years, Brent oil price, which is on the basis of pricing half of the oil produced in the world to below $ sixty per barrel in European commercial transactions, and the impact that continued ruble coin Russia, the largest oil producer in the world, its decline against the dollar and the euro, and went down about 80 rubles to the dollar and 100 rubles to the euro for the first time.
Significant decline in oil prices, adult and damage to the currency, came after a decision by the Organization of Petroleum Exporting Countries meeting of the (OPEC), on November 27, "November", not to cut production, where it has maintained OPEC countries, especially the UK on the production rate An estimated 30.7 million barrels per day, while requiring a return to the past months prices have production ceiling of 29.2 million barrels. In the sense that an increase of 1.5 million barrels to lead to lower prices, according to some analysts said.
In contrast demanded some countries, notably Iran, members of the organization to cut production to get the price of satisfaction "producers", but that Saudi Arabia had refused these proposals, and pumped additional quantities to keep the price of oil at the price that satisfies "consumers."
At the time I started the harbingers of the collapse of the international system that emerged after the end of the Cold War stage show, and the weaker US and Western role, and the loss of the ability to influence the course of world events, especially those crises generated by the internal conflicts in the Middle East, the Crimea and the region who managed to Russia control it easily. In the past, states abide by general rules, which it can avoid the penalties information, or the threat of them were already ,, but the current situation has shown that all parties are seeking to impose their own projects without one of indifference.
It seemed clear that the Western powers, especially the United States, want to redraw the map of political influence, through the use of oil as a weapon, to influence the Russian and Iranian economy, which leads to undermine the role that they are doing, because of the direct effects of the assumed for a lower price, the expansion in the areas of arms, and support for external parties.
As for the Saudi role in influencing oil prices, it is the role of "functional" can not - mostly - to do something without having "overtones" foreign to him, and that is mainly due to OPEC, which has Saudi strong influence where, no longer as observers only a fragile organization, comprising a group of parties contradict the political and economic goals, and the fact that OPEC's inability, due to shifts that have changed the oil market of vendors market to a buyers market, and through the success of the International Energy Agency, which came to replace OPEC, for the purpose of collective act to cope with the oil crisis.
The internal pressure a major role in influencing the creation of this case, where the oil is my export first of each OPEC countries, and represents a large proportion of its gross domestic product, as well as the size of the revenue, and the state of security and political tension that prevailed in those countries, driven by the export of oil to collect their budgets, spent to meet those challenges.
There are also several natural causes led to the aggravation of the crisis, including increased production of rock and oil sands in the United States and the decline in oil consumption in China, and the high price of the dollar against other major currencies.
It is noteworthy also that the crises faced by the Middle East, and the West imposed sanctions on Russia, was one of the reasons that also helped to lower oil prices.
The point is that economic and political reasons set, combined with each other led to arrive at this situation. Given the Saudi oil market, we find that the UK has the largest oil reserves in the world, if that quantity confirmed an estimated 264 billion barrels, or about 19% of the world's oil reserves, and produces Kingdom about 10 million barrels of crude oil per day, has been playing the Saudi insistence to maintain the level of oil production steady pivotal role in the decline in oil prices, in a dangerous adventure that may leave a big impact on the local economy, especially as oil prices reached to below $ 60 only a barrel, while Saudi Arabia and put their accounts depending on the oil price of approximately of $ 80 in the general budget - which constitutes 90% of the oil and Total Ardadtha-, as reported by some sources.
Where .. after a lower price?
In view of the facts at hand shows that the decline in oil prices will remain constant, to the middle of next year, as the abundance prices will push down further, and this is also due to the unwillingness of the Petroleum Exporting Countries to reduce the level of its production, especially OPEC countries.
On the other hand the political developments in logic may pay about rising oil prices again, especially if the change in the political scene events that could disrupt the entire region, regional or comprehensive Khrob.
It then remains to keep the oil price scenario parallels Saudi enough ,, somewhat less in the case of oil-producing countries remedied the situation, and they made some steps to ensure that.
These developments undoubtedly will leave a negative impact on the current Arab situation, as this has a direct impact on the deterioration of the financial position of the Arab oil, which will push towards more popular unrest, a result of the decline in spending on Abannay infrastructure projects, and to support social welfare networks, and perhaps the decline in oil prices put pressure on political leaders to stop the flow of money out of the politicized.
In the face of these events Etwasy keen on the supreme interest of the country (Saudi Arabia) to the need to mention to the leadership's inability to find a variety of sources of income, and their inability to influence the energy is a real market, which Mazar evident in the waning influence of the Kingdom within the OPEC organization co-founded and led effectively In earlier times, as well as the reference to the policy's failure to create a variety of economies over the past decades, and in spite of the oil revenues flowing at high prices in recent years. Atoasson also calling for the deployment of an equitable distribution of wealth among the sons of the nation claims, and demand that the government transparent in revealing the truth about the financial revenues, and expenditures before Choreh elected bodies