Economist: Controlling oil prices depends on the launch of strategic storage
economic 2022/08/02 | 9:00 am
Information / Baghdad...
The economic expert, Dr. Safwan Qusay, confirmed that the launch of strategic oil reserves by the United States and the European Union will ensure that oil prices do not rise during the next winter, pointing out that
Germany is one of the first countries affected by the shortage of gas and it needs years to find alternatives for energy.
Qusay told Al-Maalouma,
"Germany is one of the first affected by the shortage of gas, in addition to the fact that it consumes oil in large quantities, being the third industrial power in the world, and
the German Chancellor indicated that the coming winter may be relied on generators to generate electricity, especially since nuclear reactors It has been neglected in the past years and they cannot generate electricity through it.” He added that
"Germany will need more than a year to get rid of dependence on Russian gas and to resort to other alternatives for energy." And he indicated that
"the current stage requires the strategic storage of the United States and European countries to reduce the rise in oil prices, especially since price rates will continue to rise, especially in the winter season." finished 25