EVERYTHING CHANGES, ALTHOUGH IT INTERESTS US TO DENY IT

 The human ones and still more the economists and the powerful ones that never want to accept the signs that indicate them that the things are to change them because the circumstances constantly change, they finish suffering the disappointment finally that what they refused completes and then want or it is not necessary to improvise a solution what I believe that it always produces a loss of effort and of time to be able to readjust the new realities.  

Now already a while ago that so much the economy in general as the evolution of the value of the black gold (the petroleum) it is indicating that the financial and productive economy of the world is changing, on one hand the theory is that the world production is braked and for the other one that there is a strategic war of prices to maintain the value of the raw one below the cost of extraction of many producers, the two theories can have a real correlation because if it is that the world doesn't need so much petroleum it is necessary that to maintain the sale price it is necessary to lower the offer and not what is happening that every day there is more petroleum in the market. 

It is evident that now no producer remembers of when abusing of its market accent that the prices of the raw one arrived to untenable figures for many national economies and they abused this way of some benefits that today takes to the contrary side that is to say to the ruin, this situation I believe that it is already here to stay because the speculative abuse that I take the price from the raw one to 140 dollars the barrel in fact gave the alarm sign to the world to act with a single address to transform the petroleum into a viscous and worthless pasta quarter note instead of black gold.  

Today it has more than enough petroleum for two fundamental reasons a because petroleum of unthinkable places is taken out with incredible systems as the Fracking and he has also decreased not the consumption for the world crisis but for the saving systems or change in ways of producing energy. There is not smaller production in the world but just the opposite today more things take place and he wastes away more energy than when the petroleum was to 100 dollars and this is that clear in that time there were economies that you grieve they stood out in the markets Asia, Brazil, India, for example, today these economies have been stabilized they don't grow like they grew, but its quantity of production in adult that in the time of ascent of the petroleum. 

But then because it lowers the since consumption simply because anybody likes it that they steal him and all the countries of the world that they understood that they could not continue working to enrich some pirates organized by a called mafia OPEP they began to look for as producing energy without necessity of using so much petroleum and we have gotten it now like he said before they don't want it to him to believe and instead of thinking of making other things that it balances them their economy they prefer to believe that the world stops because it doesn't consume petroleum and it is not this way, but just the opposite, he doesn't stop thanks to that doesn't consume so much petroleum what is very different. 

At the end of the year 1998, the barrel of petroleum West Texas (of reference in USA) it was in the 11 dollars, the lowest price in decades. During that year several secret meetings took place between the members of the OPEC and Mexico; the prices of the petroleum were too much 'first floor' and he was necessary to make something. Finally, Venezuela, Saudi Arabia, Mexico, Algeria and Iran reached an agreement to clip the production. The agreement became public in 1999. These countries decided to clip in a coordinated way the production of raw in more than two million barrels of petroleum a day. The results were almost immediate: in two years, the price of the West Texas had multiplied almost for three after overcoming the 30 dollars amply for barrel. 

Today, the prices of the petroleum play minima of 2003. The West Texas fights to maintain the 30 dollars, when 19 months ago the barrel overcame the 100 dollars. The producing countries have serious problems, the imbalances in the public finances begin to be untenable. This situation seems to force, in certain way to that countries that are far from being combined arrive to a similar agreement to that of 1998 to clip the production of petroleum.  

Saudi Arabia, Iraq, Iran and Russia are involved in the internal conflicts of Half East, but in turn they need to recover the revenues lost by the collapse of the raw one: "The agreement of 1998 negotiated among Saudi Arabia, Venezuela and Mexico took more than one year in being executed, today you cannot reach an agreement as that with the countries unaware to the cartel if first you doesn't reach a believable agreement inside the own OPEC that at this time seems almost impossible for the discrepancies among Iran, Iraq and Saudi Arabia”. 

Ali al-Naimi, minister of Petroleum of Saudi Arabia, it has pointed out that their country is willing to be implied in a coordinated cutting of the production of petroleum and the members of the OPEC and other big producers unite to this decision. A high delegate of the OPEC comments that "Iran and Iraq continue being the main challenges for the OPEC, while Russia is a country in which cannot trust". The authorities of Iraq have assured to summon a meeting of emergency of the OPEC it is something "useless and that without a previous agreement it can become against ourselves." 

In summary, those producing of petroleum don't think in what to make to supplement their economies stops this way to replace some revenues coming from a product that every time is more stabilized and that it no longer dominates the market, but rather the market dominates him, they continue thinking that the formula is simply to continue extorting to the world looking for the way to reduce the production and therefore the offer of petroleum, but now this is no longer possible because they are no longer three or four those that must put you of agreement but dozens of producers that are suitable to some indispensable revenues and based on some prices below the 40 dollars the barrel this it is the maxim he threatens that they can make the bought world.