Danger low oil price

January 24th 2009: Claudia Kemfert, leader of the department for energy at the DIW German institut for economic resarch reveals the dangers of a low oil price.

3 month and 11 days ledge for PEGE

PEGE published Octover 13th 2008 an article about the dangers of a low oil price. We are happy, that 3 month 11 days later, the DIW joins our oppinion.

Watch the 'oil price' by Google Alerts

Each day, Google Alerts brings news about the oil price. All consumers and counties having to import oil had been happy about the low price. The dangers had been not mentioned.

Exactly the same people reading astonished some month earlier, how expensive the development of a new oil well is. Oil wells only possible to develop because of the high oil price. This was all forgotten.

Giving credit for the development of a new oil well

At the new years speech 2009 PEGE mentioned again the problem to develop new oil weils. What oil price can a bank calculate to finance the development of new oil wells?

Let's assume the oil price raises again 2010. After one year from $40 to $200, after this, economy collapses again. The oil price sinks in a half year from $200 to $40 and remains there for the next 1.5 years.

In this cycle of oil price explosion and consequent fossil depression is the average only $80, not enough to give a credit.

Politics - political targets of PEGE
	Nonpolitical, pragmatic, on the other side of ideologies counts in our politic only one target: A long time lasting civilization able to develop further on a stable base.

Philosophy
	Long-term planning and stability have to be the guiding rules of politics. A philosophy based on the mathematic branch of games theory.

Living standard
	What is living standard? How is living standard correctly measured? Is it possible, that our living standard declines drastic, while uncorrect numbers want to make us belive it's like paradise?

Taxes tax politics
	The consequences of the tax politic for humans and environment. The politicians claim to fight for humans and the environment, but the tax politics shows the exact opposit.

Energy politic
	Decades of wrong energy politic. Instead of more living standard with less energy usage, partial the contrary was reached. A result of the wrong tax politic.

Next oil crisis
	Forecast on the next oil crisis where politics and economy in unique incomprehensible decisions go full throttle straight against the wall.

USA: weak government destroies car industry
	The USA could be today leading in the production of modern cars. The laws had been, but a weak government caused the disaster.

D-Day in a historical comparison
	D-Day - Invasion in the Normandy June 6th 1944, the begining of the end of the sutck in the mud rassists vs rest of the world. The suck in the mud fossils will have sone their D-day.

IEA prognosis wrong, pressure from the USA
	This message from November 10th is the big hammer. Look at the news with all the unimportant garbage, showing You, that You are good informed.

US President Obama: car limits: to little to late
	I drove 1993 to 1996 a Renault Espace Minivan from 1989. This minivan built 20 years ago fulfilled the consumption limits in the US from 2016.

Gorbatschow calls the West for a Perestroika
	Gorbatschow took the government after the complete unable for reforms Brezhnev. He knows best, when only a total reform can help.

G8 summit climate protection -50 is 100% not enough
	50% less yearly production of green house gases until 2005 is ridiculously. It is the question will be -150% less enough, but -150% is the absolut minimum.