Connect with us

Market News

Oil Prices Eased On Monday

Published

on

Oil plays an important role in our current economic system. It is responsible for significant chunk of the global job market and it is traded significantly between countries and companies, making it a large part of the world’s imports and exports. Consumption of oil is at an all-time high.

The World Energy Council, an alliance of over 90 countries, predicts this can go on for a quite a bit of time: 40 years at least. Some scientists disagree with this claim, though. They believe the Earth has reached “peak oil” status and any oil left will be quickly used up.

Researchers at the University of Maryland, for instance, predict that “production peak for conventional oil is likely before 2030” and that it might peak as soon as 2020. If that turns out to be true, oil will play a much less significant role in the global economy: from imports and exports to job creation.

Right now, though, the research sides with the World Energy Council. We have at least 40 years before oil will need to be reconsidered as the world’s main energy source. Alternative sources, which most nations are slow to adopt, might have to be rapidly implemented all over the world.

If not, nations of the earth might face a loss of energy. The infrastructure people rely upon, from the highways and river dams to the ships and the airplanes, will not be able to function as they once did. In fact, the economy might face total collapse.

Spread the love
Continue Reading


Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading with financial products (CFDs, Forex, Stocks, Cryptocurrencies, etc.) in general and with leveraged products especially is highly speculative and not suitable for all investors! The loss of your entire investment is possible. Never invest money you can`t risk losing! Decentralized and not regulated cryptocurrency markets are also a high risk and may lead to a significant loss.

Disclaimer

Everything on this site should not be considered as financial or investment advice. This is only a website offering information, EarlyBull is not a registered broker, advisor or analyst. Always do your own research, only you are responsible for your actions. What works for others doesn`t have to work for you.

Advertiser Disclosure

This website contains affiliate links. That means we may receive a commission when you click on links or ads to those products or services, at no additional cost to you.
About Us

EarlyBull is a trading knowledge platform. We create reviews, make easy to follow tutorials and publish the latest industry news. We are committed to high editorial standards to provide our visitors with accurate information and ratings.



Contact Us | Privacy Policy | Credits | Sitemap | Copyright © 2021 EarlyBull.com