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The Age of Oil by Leonardo Maugeri
The Age of Oil by Leonardo Maugeri
Forex Trading – Foreign Exchange Course
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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
The most important resource available now is oil. There are many misconceptions regarding the black gold since it is so significant. By outlining the interesting background of oil and outlining the principles of oil extraction, Leonardo Maugeri clears the air. As only an insider could, he offers a distinctive, intriguing, and contentious take on the sector. Since its start, the oil market has experienced a series of booms and busts, each of which resulted in poor political judgment and a similar psychological climax. Energy crises like the one in 1973, the dramatic oil countershock in 1986, the oil collapse in 1998–99 that led to the idea that oil was just another commodity, and the sharp price increases after Hurricane Katrina’s devastation in the Gulf of Mexico have all happened within the span of one generation. We are currently in the midst of a worldwide oil boom that strangely seems to portend the beginning of a bleak period of shortage that will be made worse by rising demand and the threat posed by Islamic terrorism in the oil-rich Middle East.
Maugeri contends that the optimists are mistaken. He addresses whether or not we are actually running out of oil as well as the true effects of Islamic radicalism on oil-rich countries in the second part of his book. Maugeri provides the answers to our queries by converting a number of the complex oil production ideas into language that the typical reader can readily understand. In the end, he comes to the conclusion that the wolf is not at the door. Neither an oil shortage issue nor an impending oil blackmail by anti-Western forces exist today. Only poor political choices based on a skewed perception of the existing issues (and who is to blame for them) may consign us to a bleak future with oil.
Salepage : The Age of Oil by Leonardo Maugeri
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