WHY THE RISING OIL IN THE WORLD

The price of crude oil increased by about $40 a barrel last year. At the gas pump, prices are rising at an alarming rate, without any sign of declining anytime soon. In the US, we are now talking about $4 per liter. In the UK, petrol is now £1.10 a liter, which means about $9.50 per liter. Food prices are rising because transportation costs are so high. Some truck drivers are losing business because we can no longer pay their diesel bills. No wonder, people are trying hard to find ways to reduce fuel costs and reduce our dependence on oil. For years, men have been working alone in their garages at night trying to find a car that would float. It equates to modern-day medieval alchemists, who worked hard to turn basic metals into gold. But that is where the similarities end. Alchemists have failed, but modern boffins have come up with a system that at least solves the problem of star gas prices. It is said to reduce your fuel consumption by anything from 30% to 100%. It works by using the waste energy from your engine into electrolyze water, breaking it down into oxygen and hydrogen. This powerful gas mixture is then returned to your engine along with regular fuel, so that, in turn, it greatly improves the performance of your engine and provides clean air. Exploded months ago. Three publishers, who used to sell six or three copies of his handbook per week, now sells more than a hundred daily. There is no doubt that this type of DIY technology has caught the public's eye and leaves three wondering why would ordinary manufacturers not cling to this technology and install these fuel-saving devices in older cars as a career? If we save as much fuel as we want, they will be kind to us. In the short term, the potential risks include excessive use of crude oil instead of natural gas, and the possibility that the U.S. the shale is recovering less than expected. Below, there is a risk that high energy levels may start to weigh heavily on growth, while renewable COVID-19 outbreaks may also affect oil demand. In addition, there is a risk that future service delivery growth will be weaker than needed, which could lead to much higher prices. Investment in new oil production has been weak compared to the 2014 oil slowdown, and investment will fall sharply by 2020, especially among oil officials. Demand for oil is expected to exceed its pre-epidemic level by 2022, although recovery rates vary. Additional exchange of oil instead of natural gas for heating and electricity is expected to increase the demand by more than 0.5 Mb / d. Global oil production forecasts will see a solid recovery of about 6 Mb / d by 2022, as OPEC + releases its production decline during the year, with the result in the United States rising by about 1 Mb / d. Oil prices continued to decline sharply, declining by 1 percent per month from August 2020. The list of OECD industries was almost 4 percent below their five-year average in July 2021.