ENERGY CRISIS CORE



When the international financial crisis erupted in October 2008, and analysts began to see the magnitude of this, there were many who talked about the remaking of capitalism after the traumatic and inexorable decline of the financial system and the need to seek a new system to replace capitalism, which had failed, and while it is true that this crisis is the result of system failure by a chronic disease that suffers and that goes back to its beginnings which we see reflected in the history of economic crises in cases like the bubble of the South Seas, in the England of 1720, which was affected even the illustrious Isaac Newton, or the financial Panic of 1907, after which created the Federal Reserve System or the crack of 29, known as Black Thursday, that saw Keynesianism in all the common factor is the speculative bubble and that it is as I said before, an endemic of the socioeconomic structure, but the point is that the crisis of the system Financial are borne by society and its lasting effects although depending on the virulence with which he has entered the system have solutions that are in the hands of those who run the economy because the financial system in all its aspects no longer an artificial system created by man to regulate the economy at all levels.
However, there are other crises, energy crises, these according to their virulence may affect a greater or lesser extent to the markets and hence the economies and in this case the solution passed through the procurement of raw material and provided more will depend on the availability, capacity and will supply this field in 1973, we had an energy crisis due to the embargo extent that OPEC (Organization of Petroleum Exporting Countries) submitted to the United States and its Western allies have helped Israel in the Yom Kippur War, but that was an artificial crisis in the energy market, another product we had in 1979 the war between Iran and Iraq, which fired again oil prices, and if we reviewing the history we will find more energy crisis that caused fluctuations in oil prices, however in all cases the solution was further open up the faucet, but what happens when the tap is there and he did not leave anything?, that it to be a historical crisis is that what in this article I am going to speak.
The energy problem in 2008 came to its peak around the month of July of that year, in those days an article in the newspaper El Pais show us a dire socio-economic reality and real-time point, the benchmark index of the Mortgages in Europe, the Euribor, was 5.4%, fuels their highs touched the barrel of oil reached $ 146 a barrel and fuel prices in the euro area were breaking records, a liter of gasoline super cost € 1.26 liter diesel was on the threshold of 1.30 €, stated that in a year, in percentage expensive gasoline was 15% and diesel by 33.5%, while crude reference in Europe was 54 to 92 euros per barrel, 72% more.

And is that the energy crisis is a problem if I dug more fundamental to the economic crisis, and that unlike the national or international economic crisis which has a solution since due to the economic structures which are none the less, structures artificial man-made growth therefore manipulated by man. In an energy crisis in which the problem is the lack of raw materials maneuverability of the agents charged with the energy markets remain forever diminished in terms of raw material on which orbits such crises as if the problem is the
lack of raw materials this will escalate the prices of existing raw materials and in turn a problem for the economic structure, except that in this case the manipulation of man will not give the same results in an economic crisis because it does not can perform the miracle of the loaves and fish oil.

For this reason we must understand the concept that as countries emerge from the global economic crisis, inexorably go into an energy crisis since the growth of economies is intrinsically linked to an increased demand for oil, which is that we must take into account that oil is the lifeblood of industry and civil society in countries with emerging economies and countries with economies consolidated, which will in the medium and long term entry into a new crisis, "The Energy" which will be much harder to leave, medium and long term because short-term solution is to increase oil production to meet demand is reducing the cost of a barrel of oil to medium term, which was the solution adopted by OPEC in 2008. Keep in mind that the problem is much deeper and difficult to solve since the increase of oil production to meet demand, will only be exhausted before it reserves on the planet and until that happens we will be doomed to humanity slowly but ineluctably toward an uncertain future in which we will consider the maintenance of energy production methods potentially dangerous as nuclear energy is safe while in the West, not so in countries where controls on the safety of these facilities leaves much to be desired and is to be taken into account that a problem in a nuclear plant in Pakistan for serious character Chernobyl-style may affect everyone if we take into account that the largest oil reserves in the world are coming to this country, without forgetting that wastes generated by these plants, we must also take into account the problem of climate change, which is linked to the use of fossil fuels.

The conclusion to be drawn from the energy problem in perspective, is that in July 2008 the energy crisis had plateaued with a barrel of oil to 147 dollars, and that was the end of a process that had begun to take shape long before In August of that year sharply lower oil prices result of increased production, although in those days there was not a G20 soon to find comprehensive solutions to energy problems, no one was willing to put billions in search of energy, cheap, safe and clean to create economic stability in the markets in the medium and long term and that will provide guarantees for the future and stability to the planet and that is a serious error since the energy crisis was overshadowed by the economic crisis and we must bear in mind that the energy crisis requires urgent solutions today since this problem is closely linked to climate change, which is a real and verifiable and that affects us all equally.
For this reason we take the inflection point that economic crisis has meant to mark a new direction in regard to a solution to global energy problems, as this solution will be the cornerstone around which to build a better tomorrow for all, will be the solution to remedy the major problems of mankind and this solution may combine to create a "sustainable society", with sustainable, effective and inexpensive for the planet that would be the first foundation of the world the morning as the construction of tomorrow starts today.

Antonio Garcia Leal ®

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