Written by Néstor Núñez (acn)|
Thursday, 10 February 2011 09:04
More than once Cuba has warned that the frequent news from US mass media outlets of the so called "recovery" of the capitalist economy are not reliable after the 2008 debacle which has extended to other parts of the world.
Presidents and heads of States of powerful nations have made references to the urgent need for "change" to avoid new more falls and chaos, which have been ignored.
In reality, the remedy was soft and compassionate and consisted in putting the public economy at the service of the stock exchange gamblers in order to recover and repeat their games and tricks.
That is why it is not strange that the price of raw materials like oil, for example, one of the favorite gambling chips of speculators, surpass the 90 dollars a barrel when other reports point out that the US oil reserves continue to grow.
The inverse relation between offer and demand does not exist for the men of the markets, but rather favor rumors, geopolitical events and natural disasters, most of the time over reacting in order to impose the values of the prices of oil.
We must recall that two years ago the prices of oil reached a maximum of almost 150 dollars a barrel in an uncertain panorama whose explosion led to the crisis that has already reached all the countries in the world.
Then, the inflated earnings drastically fell and the prices of oil dropped in over a third.
The insistent demands of the stock exchange to the Organization of Oil Exporting Countries to increase its deliveries due to the lack of it was not true and that it only dealt with having more merchandise in order to play with the artificially high prices.
What is worrisome is that the story begins to repeat itself these days.
Today the demand of oil of large consumer countries like the United States is in reality deadlock.
The refineries are working below their capacities because there is no way out for its production and in Oklahoma, the large US oil distributing center, the tanks are permanently overflowing as a sign that things are not going well.
However, oil prices has recently reached heights that are not logical if an analyst looks strictly at the offer and demand theory, but perfectly understandable when you look at uncontrolled speculation.
So, in the energy sector like many other raw materials negotiated in the imperial stock exchange, the bomb continues to gather gunpowder and no one should be surprised of an explosion surpassing that of 2008.