Since last June, since the high international crude oil prices have dropped more than half, as the international crude oil benchmark brent crude price movements constantly refresh the anticipation of bottom line of the market for oil.The golden age of oil is over?

For some, low oil prices can keep the oil industry "of" life longer.

Be worth what carry is, compared with the previous three times in the history of oil prices fell sharply, the drop in oil prices different from those of the largest, is the development of alternative energy.Be worth what carry is, compared with the previous three times in the history of oil prices fell sharply, the drop in oil prices different from those of the largest, is the development of alternative energy.Is the main energy storage technology development, the future development of this technology will have a far-reaching influence on oil and other fossil energy."

In the past two years, the shale oil in technological progress, driven by rising production, cause excess demand, as the largest oil producers in the United States, is also the biggest consumer, a drop in oil prices will further promote the development of shale oil technology.Chen weidong said: "the United States increase shale oil production lower oil prices this action is to continue the life of the oil."

Because oil in dollars and settlement in the international market, therefore, usually a negative correlation relationship between oil prices and the dollar.In this round of a drop in oil prices, a stronger dollar is a booster factors cannot be ignored.Related data show in 2014, due to sustained economic recovery in the United States, Europe and Japan's economic growth is slowing stalled, even multiple currencies for dollars to rise sharply, dollar-denominated oil prices fell.Not only that, including coal, commodity prices also fell.

Analysis points out, the dollar is strong, let the holders of the euro, yen and other currencies to buy crude oil costs rise, thereby inhibiting the crude oil demand, also the price of crude oil to bring greater pressure.

Why oil prices will fall so fast?Why now?

This is a complicated problem, but in the end still about simple economic principle of supply and demand.

Over the past six years, America's oil production has almost doubled, so that part of the American petroleum need to find another way out.Exports to the United States of the crude oil, Saudi Arabia, Nigeria and Algeria suddenly begin to compete for the Asian market, make the producers were forced to reduce the price.

From the demand side, Europe and the developing country's economy is weakening, and motor vehicle energy efficiency is also improved.As a result, the demand for fuel slightly behind.