From research about the topic Why is oil up to expensive. The study results are as follows:1. causes of high oil Oil is a natural resources. and likely all will now close in the opposite way. Oil is an important factor of production in developing countries, according to the framework of capitalism, but focused on the industry. Without care, natural capital, making the trend of oil continued higher, when the demand for oil is growing. But oil is limited, making oil prices continually higher. Without a tendency to decrease. Factors that affect the cost of crude oil and finished oil.Crude oil and finished oil are traded on the free market. The content in this section provides a description of the factors that resulted in a change in the price of crude oil and finished oil demand of crude oil and finished oil that increased demand for crude oil and finished oil is increasing both domestically and globally, especially in China and India. Limitation of refining the oil in the world market.To accommodate the demand for oil increased in the current scene. Oil refineries around the world oil refining operation that is now close to full capacity and then distilled. Therefore, in the future, it is likely that it will need to build new refineries. Increased to accommodate the increased demand for oil. However, a key factor in building a new oil refinery is the huge investments required in the construction and operation of the refinery that adds up. To help meet the strict environmental protection worldwide. Both in terms of performance the environmental care of the refining process, and the cleaner fuel, and as a result interest with minimal environmental.Stability in the supply of crude oil.Insecurity and political stability in the Middle East region is also a cause of uncertainty in crude oil production. And at the same time also is causing the volatility of crude oil prices, with.Severe weather and difficult to forecast or prediction.Severe weather impact, such as a hurricane in the United States. Make oil refining capacity around the world reduced periodically. Oil refining capability with reduced speculation of oil in the market. The price of oil finished fluctuate greatly throughout the world.
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