Prices of oil derivatives

Isa HalianBefore I begin this subject «electrified» I would like to review some of the titles that are currently repeating some economists and some facts and accurate information made by senior executives in the energy sector and oil in the country.Cost of energy subsidies of more than 100 billion riyals, Saudi consume of gasoline a day as much billion Indians, the price of petrol in the UAE more than 300 per cent than it is in the Kingdom, the share of the individual jump from Bermalan to 40 barrels, the growth of domestic consumption of petroleum products equivalent to six times the global average, per capita support than 9 thousand riyals, which means that the share of an average family size of more than 60 thousand dollars per annum, the current rate of consumption is heading about 8 million barrels in 2030, to support these products contribute to reducing the standard of living to 5 10 per cent, a quarter of this support goes to a quarter of the population of non-Saudis, the absolute dependence on the means of transport and to devote its uses unique ... Etc..Regardless of whether this support is paid from the treasury of the State or from the pocket of the citizen a dialectic that quickly jump nervously when to broach the subject which is not without a discussion of the interests of single and circumstantial, but the waste of this precious commodity in this way compared to market values ​​high is the loss on the economy National! Do you question the feasibility of continuing in this way and to what extent?