2015 Is America’s Year

 

For as far back as I can remember people have always been talking about how China will be bigger than the United States. In 2014 China was predicted to take over as the world’s major economy. 2014 has left an impact on China, the Hong Kong protest have shown that change is coming to China. 2015 will be different though.

 

In the last few years there has been an energy boom in the United States. For the past 40 years the US has be at the mercy of OPEC and other energy producing countries. Now the United States has a chance to be truly energy independent. With falling oil price America is set to take the world stage as the major economic power once more.

 CNN Opinions

America Definite to the End

Oil price are seeing the lowest prices in years. The reason behind this not that OPEC is slashing prices. It’s the US energy boom. Fracking is leading the way for America’s comeback as an energy producer. Since the1970’s OPEC has played a huge role in how oil prices.

 

America is coming back as a country that doesn’t need to rely on foreign oil. This has led to lower oil prices. The real issue is why isn’t OPEC trying to increase their profit? Some ideas are that OPEC is trying to push the Frackers out of business. Fracking as lead America to become energy independent once again. Fracking is also every expensive, Compared to drilling that is done in the Middle East. By lowering the prices OPEC hopes to push out Frackers completely. OPEC sees America as the biggest threat to OPEC control over the energy market.  

 

CNN Business

Cutting the Prices: Oils price falls even lower. Why is It?

New Your Times

The price of oil has fallen down to 55 dollars a barrel. Since last summer oil prices have been cut in half. 50 % discount for consumer, but this also means a whole lot less profit for the producer.

Many believe though that OPEC is playing a role in the price cuts. Saudi Arabia is trying to have absolute price setting power over oil. Another is that, with so much oil OPEC is losing it power to set the price where they want them. This is allowing a competitive market to take place.

Only time can tell whether OPEC is losing t power, or are they trying to hold on to their absolute control over the oil market. I believe that OPEC is trying to cut off the profits that have driven the energy boom here in the United States. They are trying to stop countries from being energy independent.  

Is OPEC Behind the Falling Oil Prices?

CNN MONEY

Oil Price are, on a 5 year low. Price of a barrel is under 60 dollar mark; the national average per gallon has fallen from its height in April at 3.77 to 2.53. This price drop has been beneficial to consumers. AAA says that more people will be traveling this holiday season due to the price drop.

Producers though are feeling the squeeze. Their profit margin is shrinking, as price drop it’s getting more expensive to drill for oil. With the energy boom happening in the United States with fracking, some believe that OPEC is trying to stop the growth of the frackers to keep their monopoly on the market. The consumer feels the benefits of the price drop.

Huge Project for renewable Energy 

Newsweek

In the Mojave Desert, you’ll see something out of place. Wind-turbines have started to pop up all over the region. Renewable energy is on the rise. Within the next few years this area will become the largest wind-turbine farm in the country.

Not only will there be wind-turbines there will also be solar farms. The solar farms have already been seen and produce about 750 megawatts while the wind-turbines only produce about 315 megawatts of power. With a plan to have severely large farms of each the affects will have dramatic impact on California’s energy market.

This is great thing to see happening to a regain that doesn't have much to offer. A project this big will improve the local economy along with the creations of thousands of jobs; the project will be as big as building a city.

Good News: Carbon Emissions Cut

New York Times

The world’s top polluters have come together to as mandate on cutting back on carbon emissions (Co2). The United States and China have for a long time been leading the world in carbon emissions. It’s about time that they come together and plan away to lower theses emissions.

In the United States though, this meeting has led to many politicians to call this a war on coal. Coal is the leading producer of the country’s energy and also the leading Co2 producer. This is seen away to put a huge burden on the coal industry.

As of right now America is at a point where we need to find another source of energy. For this to happen we need to look not just here, but also overseas.  China is the world’s leading Co2 emissions producer and it doesn't seem to be slowing down. The reason is they produce huge portion of the world’s goods. If these two countries can find a way to cut their Carbon emissions, others will fellow.

UK Energy Bills Haven't Seen Din Prices 

UK gas prices have be slashed, but house hold energy bills haven’t seen the drop in price. Now the enemy companies are up against a wall to explain why this is. Over the course of a year energy cost has fallen 23%. The company’s explanation was that they but months or years in advance to prevent customers from feeling a sudden change in the market place.  Energy providers wither use the whole sale prices as their standard or they use what they have laid out in a contract with energy producers.

Very interesting to think that they energy boom just isn't happening her in the United States. It has to be happening all over the world. AS energy prices drop we won’t automatically see the savings. It might no be for a few months or to a year. It all comes down to what the energy provider is basing the bill prices off of.

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