The impact of OPEC cutting production last New Again 1 Month

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Jakarta - cutting oil production of OPEC members with the largest throughout history, namely 2.2 million barrels per day with a strange phenomenon colored anjloknya oil prices to U.S. $ 40 per barrel or the lowest in the last 4 years. According to the former OPEC Governor for Indonesia diaNe Rahman, the impact of the decline in OPEC production to the oil price could not immediately felt. The impact observed need about a month longer. "It needs time to see the impact, at least 1 month after cutting," he said in a brief message received detikFinance, Friday (19/12/2008). This time the reason for the gap, according to diaNe, among other oil stocks because the world today is still abundant. So, although OPEC has cut production by a number of very large, the stock market is still quite high. In addition, the time needed to realize cutting production since the applicability of the decision. "Realization of compliance / commitment of OPEC members to cut, because this is also very determined," he said. Consideration is the latest development of the situation to the front of the world economy. If the world economy increasingly worsened, not the oil price may not not attracted to rise again. While the world economy improving, then pry open opportunities for oil prices to levels higher. "The development of the situation the world economy, increasingly worsen if the request will also continue cutting down so that it will be less meaningful," he said. Meanwhile, members of the House of Representatives Commission VII Alvin Lie said demand for oil to decline at this time because the industrial sector, which struck down the impact the global financial crisis. "For example in Indonesia several months ago that the electricity crisis had occurred. But the position today we had a surplus because there are reserves as a result of industry we are already stopped production," he said in Jakarta, Friday (19/12/2008). Global financial crisis that occurred during this main factors cause the decrease of world oil prices, so during the crisis have not been recovered, the oil demand will continue to weaken. "As we know Chrysler will stop production for a month means the increase of unemployment. Yet again in Europe and the U.S. revealed there have been large-scale fraud, which reached U.S. $ 50 billion. So the market will affect the confidence of world financial markets. I hope not too ICP can rise, "he said. According to the latest data obtained Alvin, the current ICP reached U.S. $ 40.2 per barrel and this is touching psychological limit. "When the price is penetrate U.S. $ 30-an-per-barrel will roost in the U.S. $ 30s," he added. With the price now, Alvin said the government should lower the price of fuel can be more than that have been made. "Now is our fuel is more expensive than Malaysia. Usually, the fuel more cheaply than Malaysia as subsidized. Now that Malaysia took the market price is cheaper than Indonesia," he said. "If diesel fuel is still subsidized, but not many because the price is down more keekonomiannya. If the premium should be a maximum of Rp 4,000 per liter," he says.
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