Energy Speculators Are Making The Energy Market More Expensive And It Could Affect Interactive TV

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 21, 2011 -- Please support US Senator Sherrod Brown's fight against Oil Speculators.

Libya produced about 1.65 million barrels per day of crude oil in 2010, by contrast, Russia produces a whopping 10.1 million barrels per day, while the United States produces a huge 9.8 million barrels per day, according to the Energy Information Administration. The world consumes 87.5 million barrels of oil day. (Reference is USAToday Money) - http://www.usatoday.com/money/industries/energy/2011-02-22-1Alibyagas22_ST_N.htm

Even though Libya is an OPEC member, it is still a fairly small player. (It ranks 9th of the 12 OPEC members in output.) So why are energy commodities going up suddenly so much? MOST OF IT IS BECAUSE ENERGY SPECULATORS CAN DO IT AND GET AWAY WITH IT.

Consumers may act with shock as they did when oil speculators brought up oil prices in 2005, 2006, 2007 and 2008. Driving likely will be curtailed so online/ interactive TV use may increase perhaps, depending on deployments and price, etc. As too much of an oil price increase could be recessionary then perhaps the opposite will occur.

“Despite U.S. petroleum reserves being at an eight-year high, the price of oil rose dramatically beginning in 2006 [until the crash]. While demand rose, supply kept pace. Yet, prices still skyrocketed. This means that the laws of supply and demand no longer applied in the oil markets. Instead, an artificial market developed.” http://money.howstuffworks.com/oil-speculation-raise-gas-price.htm

“Speculators are also propelling oil. After profiting on soaring cotton, coffee and corn futures, traders are exploiting the energy market. "The flow of money plays an enormous roll in the direction, speed and volatility of these markets," says Darin Newsome, analyst with energy tracker DTN. (Quote taken from USAToday Money) - http://www.usatoday.com/money/industries/energy/2011-02-22-1Alibyagas22_ST_N.htm

Incidentally if you're looking for an online education guide about interactive television, The Interactive Television Institute has just that. This one-of-a-kind education guide comes with a diploma that impresses many employers. This easy to understand online class (education guide) has been taken by lawyers, engineers, teachers, salespeople and others who want to impress interactive television related clients, perspective employers and others.

The Interactive Television Institute is part of the Interactive Television Dictionary and Business Index portal, which likely is the largest interactive TV related website in the world.

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