According to the study, we discovered that oil prices this year than last year. Therefore, the assumption is not true. Because of the long-term decline in world crude oil price consists of three major factors : 1. The booming oil production in the United States and the rest of the world has resulted in more oil into the market, pushing prices down to two. Demand and falling oil demand in many countries. Such as Japan and many countries in Europe. The fact that While the United States Recovery from recession rising. But other countries are not so three. Advances in fuel efficiency of vehicles. Current cars in the US Use less fuel than before. Because cars more efficient by 2014 in the US car with average fuel consumption of 25.3 miles per gallon. Better than in 2008, one gallon of oil to make just ran 20.8 miles , however. Although national oil exporter to being difficult because crisis depressed prices, but Ann and Andrew Cole ditches Juan economist at rating agency credibility 'Fitch Ratings' Hong Kong saw a drop in crude oil prices are helping. Asia's economy
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