Petroleum does not find its floor

oil02 Demonstrating once again that all the sectors of the market will be affected by the increasing economic crisis, the Agency the International of Energia (IEA) has reduced considered his of growth in the demand of petroleum to the lowest level in 15 years. According to an official report, the IEA has reduced considered his for the 2008 in 250.000 barrels per day, until the 440,00 barrels, and the considered one of the 2009 in 190.000 barrels, until the 690,000 barrels per day. Without doubts this is something hoped by all considering that the producing countries will try to reduce the production to increase the price of the barrel, that is week under the 80 dollars for the

first time in more than 10 months. As anticipated, the agency blamed to the global economic instability by this situation, emphasizing that the lack of liquidity in the world-wide markets as causes of the financial crisis has taken to a fall in the demand of petroleum. In addition I add that the impact of this instability has been more well-known in the developed countries, with the developing economies showing certain resistance. On this we must remember that Latin American countries, like Argentina and Uruguay, lived great crises does few years, took which them to prepare itself of more intelligent way for a possible new crisis. In order to finalize, the fall in the demand of the developed countries has taken to a dramatic fall in the price of the barrel, approaching in the middle of the value reached in June, with the barrel being pleased to 147 dollars.

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