Why are Oil Prices So High?
Why are oil prices so high? This is the question being asked with increasing frequency in many countries around the world. Some would have you believe that the blame should be placed on “greedy oil companies”, “Arabs”, “speculators” or “OPEC”.
While speculation is happening with investors and hedge funds looking to commodities for returns that are not being seen in the stock or property markets, there are underlying fundamental reasons which mean prices are likely to stay high.
Last November the International Energy Agency released its annual World Energy Outlook report. Traditionally the agency has projected energy supply based on projected demand.
The agency has projected that India and China will lead the increase in energy demand making 45% of total growth. Oil imports for these two countries combined will grow to 19.1m barrels a day by 2030 compared to 5.4m barrels a day in 2006.
Demand for oil will grow to 116m barrels a day by 2030, an increase of 37% on 2006 oil usage. In this report back in November the International Energy Agency warned the price of a barrel of oil could rise to $159 by 2030 due to high growth in demand. This estimate now looks very conservative.
The reality is there have been some fundamental changes.
Before if the United States went into recession, this would lower demand for oil and prices fell. Now with China, India and other rapidly developing nations demanding ever increasing quantities of oil a recession in America is unlikely to lead to falling oil prices like it did in the past. Were per capita oil use in China and India to reach the same level as in the United States, this would fully deplete the world’s remaining proven oil reserves in just 15 years and prospective resources, in 26 years.
The other fundamental change is that there is little excess production capacity. While Saudi Arabia would like the world to think it could increase production if it deemed it “beneficial” to the stability of the market, this is just an illusion of control. The reality of the OPEC cartel is that while sticking to production quotas may have benefited the group as a whole, individual countries have always “cheated” consistently and repeatedly exceeded their production quotas. In the past this has lead to significant downward pressure on prices.
This time the signs are that the world is at or near its maximum oil production capacity. Does this mean Peak Oil has arrived? In my opinion – not yet.
New production will continue to come online in the coming years which is likely to raise worldwide maximum oil production. So we haven’t reached peak production… yet.
Characteristics of a Good Brochure Template
When considering the use of a brochure template, you should save yourself some time and know what you’re looking for in advance. And if you want to get the most out of your brochure, there are some points to keep in mind during your search, so that you can at least minimize the possibilities and know where to aim.
First and most importantly, reusability ‘ this is a very important characteristic of a good brochure template, as it’s important for you to be able to create various brochures with as few templates as possible ‘ this saves you time and hassle in managing them. The reusability of a brochure template can further be broken down in some aspects, such as its theme, the density and variety of different layout elements, and so on.
Scalability is another important feature that any proper brochure template should have. It’s important to be able to adapt the brochure’s layout to different printing sizes, and this is best done with a layout that isn’t cluttered with too many fixed-size elements, as adjusting those individually can quickly become a pain, but also degrade the looks of the brochure template in various ways; on the other hand, taking a cluttered design and removing some fixed-size elements can sometimes prove to be a good move.
The use of colors in a brochure template can also matter quite a lot, especially for those who’re considering mass-printing their brochures and need to calculate their printing expenses very carefully. Colors are important for conveying your message properly, but they should also be used sparingly and wisely, and not in a tasteless way just for the sake of it ‘ this not only wastes your printing resources (including time), but also degrades the looks of your brochures in the end.
These are some of the things to look for in a good brochure template ‘ however, the definition for a ‘good’ one here is very flexible, and sometimes you may need something that doesn’t fit these criteria at all ‘ i.e. a fixed-size brochure with a particular layout for a small-series printing. What we’ve listed above are just some of the most commonly sought-after factors in good brochure template layouts, but what really matters is that you know what your final design should look like and what your particular needs are. This means that you’ll be able to really find a brochure template that fits your requirements and make the most of it.
What makes a good template? Find out now by reading on. There’s no need to waste your time with crummy templates that make you look like an amateur. Read on now to see what makes a good template so you can start making the perfect brochure today.