2013年8月28日星期三

How dollars into commodity currencies?

Then the dollar and how it becomes a commodity currencies?
Growing oil production can effectively reduce U.S. foreign oil dependence, but at the same time, the world's other major economies such as the EU, Japan, Asia and other emerging countries, because of reduced production and other factors facing increasing energy gap .Hydraulic fracturing According to EIA forecasts that by 2035, the European daily oil imports rose from 10 million barrels to 12 million barrels, while the next 20 years, Asian countries other than Japan daily oil imports will rise from 1,400 barrels to 3000 million barrels.
In future prices $ 200 / barrel basis, the U.S. net oil imports only from 2011 to $ 300 billion to $ 600 billion in 2035, while Europe increased from $ 300 billion to $ 1 trillion, from emerging countries in Asia $ 45 million rose to $ 2.5 trillion.ceramic ball From the GDP accounting point of view, the next 10 years, U.S. oil imports accounted for 2% of GDP, down from 1%, while in Europe rose to 2.5 percent from 2 percent in Japan rose to 3.5 percent from 3 percent, the Asian emerging countries from less than 4 percent to more than 5%.
This change will lead to a strong dollar. Stage, UBS estimates between the euro and the dollar should be 1:1.15-1.20 reasonable parity, the future dollar will appreciate. Similarly,frac sand companies the U.S. dollar against the yen rose 1:90-100 parity will also benefit from 1:75, and the yuan to appreciate against the U.S. dollar will not last.

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