Press release for the oil exit
Annoncement of the key note September 5th at the ''Global Economic Leaders Summit'' in Changchun.press release as PDF
The world economic crisis from 2008 reduced the oil price by US$115. But 2011, the oil price is very unimpressed by IEA brings 60 million barrel emergency reserves to the market, US loose AAA rating, stock market crisis, economic stagnation.
We will soon see rising oil prices even in a recession. This all had been announced by the IEA Chief Economist Fatih Birol April 2008 in his dramatic interview äwe have to leave oil before the oi leaves us“.
But neither the IEA nor politics and economy gave since 2008 an answer ho to oil exit. The answer to this very important question gives Roland Mösl September 5th at the äGlobal Economic Leaders Summit“ in Changchun.
All oil consuming countries should invest 2% of their oil bill into an international organization for the oil exit. Highest target of this organization is to reduce oil consume by the technic of the oil replacing industriy.
With about US$ 60 billion investment per year should the oil replacing industry keep the raise of the oil price in a range not destructive for worl economy. 1 million barrel less offer than demand increase the oil price by US$20. This makes over 10 years US$ 6000 billion = 6 trillion more expenses for the oil consumers worldwide.