Posts Tagged ‘oil’
I am just another person interested in the world affair. But I do believe that the petrol is going to rise again back to the pre crisis level by early next year.
This market crash taught us many things such as to spend what we can afford. But did we really learn the lesson? My take is the answer is not. When the economy was good at 2006, everyone spend like there is no tomorrow. We freely went on credit thinking that the debt will be cleared at end of the month. We bought SUVs which are petrol consumption monster to begin with. We bought items (which mostly has a base component of oil) and stock them up at home and never get to use it.We also continue to heat the pool at daytime.Such bad habit has help in pushing the petrol prices higher and hurt the environment.
Most of us do not the indirect impact of such irresponsible behavior on the oil prices. The average consumer took a beating and this is make worse when the economy crashes at 2008. When it happened, we all slow down and see what we do not need. We started to cut down on unnecessary car trips and we also stopped buying SUVs ans start turning to small and fuel efficient car. We can also start to embark on low cost diy solar pool heater and try to save energy. Start saving the earth with solar power for homes.
I would say the only good thing that came out from this economy crisis is the change in our behavior to be more socially responsible.
Oh, how I wish this pattern continue but without the economy crisis as the driving factor.This is always a wish.The economy is recovering and very quickly we can see that irresponsible behavior is starting to appear again. It just does not seem that we have learnt from our mistakes. The next economy crisis will definitely be worse off given the connectivity of the world.
It is almost impossible to decouple the economy from each other. But surely we can be less reliant on oil.This is more than just the politics, it is a basic change to the way we live.Now, we must all be prepared to pay more for fuel. More about energy saving at Renewable energy sources.
With the speed that sea ice levels are melting, scientists are getting worried, so a British team has been sent out to see how fast the damage is actually occuring.
During their 1,000 kilometre journey they plan to measure the thickness of the ice and look at not only how global warming is melting the ice from above but also how the increased temperature of sea water is melting it from below. It is this double impact that is causing havoc to scientists and environmentalists as they try to estimate how it will effect our lives and how soon. And it is looking likely to be much sooner than originally anticipated
In the Northern Hemisphere, Greenland and Alaska are also losing ice at a rapid rate and in the Southern Hemisphere the Antarctic global warming is causing ice to melt far more rapidly than expected.It won't be many months before there is no summer ice at all in these outer reaches of our globe.
This is definatley going to cause a huge impact on sea levels so anyone that does live in coastal areas should look at moving before they are made to live underwater. But for the vast amount of us how will we be affected?
Oddly, the long-term damage of this, after the ice has melted, will actually be a less of fast moving water. Large areas of the planet rely on the power of water to produce electricity. When their supply of prompt moving water reduces and eventually evaporates, they will have to find alternative sources to create their power.
Here in the UK many of us rely on heating oil and are continually baffled by the constant fluctuation in prices. Will global warming reduce the demand for heating our homes resulting in cheaper oil for us all? Or will the demand be increased by areas of the world as their need for oil to replace hydro electric power grows and thereby sees Heating oil prices increase worldwide.
There have recently been two big news incidents in the news the first was that of two nuclear submarines nearly crashing into one another. The ships below the water level were carrying dangerous bombs but only slightly crashed as they hit bumpers. Besides be a very close call the crash ended up causing millions of pounds worth of damage.
The second disaster occurred just off of the Irish Republic and was involved with a Russian war ship, which ended up spilling around 300 tonnes of oil into the sea after problems during refuelling, although the vessel was not nuclear it is said that it could cause a massive detrimental effect to the environment and kill a lot of ocean life.
So this only leads us to ask the question of how can these types of vessels that cost millions of pounds not only to build but to also to install navigation collide into each other? Why was this over looked before? Could you think of the devastation if these two vessels collided head on? Not only would all the people on board fail to survive, but a nuclear explosion wouldcause utter devastation to the world.
This may sound a bit far fetched, but it is just not acceptable, these tanks are huge machines that are trusted to take dangerous chemicals, missiles and bombs all across the globe. You would surely think that at least one of these vessels would have spotted the other and moved but they seemed to be totally oblivious to one another. It just reliterates the fact that the eye cannot be beat even by the most advanced technologies.
For Cheap heating oil , heating oil suppliers and heating oil prices
As we all know by now we are in the middle of a full blown economic downturn and every market sector is feeling the heat with thousands of people losing there jobs.
One of the worst effected industries at the moment though has to be the huge oil industries; we are even seeing the biggest oil millionaires in the world start to cut back on expenditure and make staff redundant.
But as we already know things will prevail and things will get a lot better than they currently are, recently the International Energy Agency has said that we could be in huge oil supply crunch by the time we hit 2010. Currently there are no problems because the demand for oil is at a very low rate, but when we start to recover from the devastation of the economic downturn there will be a problem in production, especially if they do not get any capital investment.
Oil's increase from below $20 in 2002 to a record high near $150 last year was fuelled in section by increasing demand from China and other emerging economies which strained supplies. The oil demand slowed down a lot in 2009 due to the shear devastation of the banking crisis that spread throughout the world.
But as the economy improves, sectors will get better and if the oil industry does not get the backing it needs then production of oil will become minimal. We would have to pay more for our heating oil and our car fuel as the heating oil suppliers would have no option but to increase the heating oil prices to make them a healthy profit.