What are the political, social and environmental implications related to the falling price of oil?

Curse: Sustainable EnergyProfesor: Kahhat Abedrabbo, Ramzy FrancisStudent: Apaza Inga, Nestor EnnioCode: 20101473Date: 23/03/2015

Introduction

Crude Oil or black Gold feedstock is currently the most widely used for power generation in the world because it has a great influence on the world economy and the exploiting countries and refiners of this material. Currently oil suffers a fall in its price, which generates a major concern around political, economic and environmental implications in all governments of the world; however for the consumer's pocket is a great opportunity.

Political, social and environmental implications related to the falling price of oilOil extraction began in 1859 and became popular in 1895 with the appearance of the first cars, but it was not until the first and second world war, when it was seen that their use was indispensable.From these events the price of a barrel of oil was always with a positive outlook; however with the years it was noted that excessive use of this material has negative and positive effects on economic, political and environmental issues.The economic and political issues are closely related, with the exploitation of oil economists noticed an increase in GDP of the exporting countries of this material; however they did not notice a drastic change in the economy of the nation, What was happening? For it was the beginning of a new system where money matters more than the welfare of nation.Such is the case in countries such as Venezuela, Ecuador, Mexico, Saudi Arabia, etc. Where the GDP grew at an accelerated pace; yet the people not benefited fully because the control of exploitation and refinement went to the private sector, creating jobs only for the few trained professionals that time and hiring professionals from other countries (import staff and machinery other countries) and the public sector only receive their share of profits through the canon.Currently the falling price of oil has reached $ 45 a barrel, is one of the lowest since 2009 marks; exploiters most countries have begun to have a lower input of their currencies, an increase in unemployment and inflation. As are the case:Egypt with increasing oil consumption is favored because of low oil prices, achieving savings and gets a political and social stability. In addition to reducing rolling blackouts affecting the country, however it is feared that remittances from citizens abroad no longer den, but this will depend on the duration of the fall of oil.Iran is in a situation where oil should lift sanctions imposed by the United Nations Security Council. If a settlement in 2017 and oil prices is given should again be the same as in previous years; if it fails this agreement the country would be in a situation of fiscal deficit, inflation, unemployment and monetary situation.Iraq suffer an income of less than previous years currencies, but increase export barrels, this is because his government tries to regain the territories lost to the Islamic state. Another important point is the fact that this seeking ways to delay payments to Kuwait war, besides having problems to its universal system of food rations food, is the basis of many of its citizens.Thus seeks to maintain calm in his country and not fall into the same situation of Venezuela is facing.Regarding the environmental implications, the exploiters companies do not have a very good image, instead destroy tropics to extract oil; if this long-term oil situation continues, the operators invested in other ways to get energy and to maintain their income. This would mean a considerable reduction in emissions of carbon dioxide, methane and other gases generated by industries dioxide; which would favor a smaller increase in global temperature, a decrease in the melting icecaps and smaller increase in sea levels.

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