The skyrocketing oil
The agricultural diesel is sky high and continues its upward climb that began in the second half of 2010 after reaching its peak this week with prices of 0.90 euro per liter, nearly 30 percent from a year ago. In the last decade the increase was 182.27 percent, which has been a ruin for our farmers.
In 1975 a liter of diesel cost 6 pesetas and the farmer sold a kilo of grapes to 20 pesetas, currently a liter of diesel costs 140 pesetas and the farmer continues to sell a kilo of grapes to 20 pesetas or less when in this country any other job or profession takes the same or less than 35 years, except in the case of farmers.
Today more than ever it is urgent that the Government keeps its word to create a commercial diesel fuel for farmers. Remember that the government pledged four years ago with all agricultural organizations to create a commercial diesel fuel in 2009 and it is time to apply as have other EU countries.
In fact, Spain now pays for electricity, diesel and gas more expensive in Europe, which is leading to the abandonment of the field and the delocalization of companies in other countries when we suffer an unemployment rate of 4.3 million people.
The rise in energy prices makes us less competitive and impoverishes us as a country. In fact, we retreat into our convergence with Europe and Spain this year failed to locate any of the regions among the 20 richest EU. The setback experienced by our income is due to the dubious honor of being the state with the highest unemployment rate (20.2%), more than twice the OECD average (8.5%). Although in that month there were countries that had decreases in the number of unemployed as well as slight growth, no country comes close to the English figures, and Slovakia, the second largest, has with unemployment at 14.5%. Some, such as Extremadura, barely 75% of the EU average, while others like the Basque country and Madrid more than 30%.
The rising price of oil seriously threatens the global economic recovery and English especially if oil prices increase another 30%, as experts warn. To extend the geopolitical tensions in oil producing countries of North Africa runs the risk that the price of oil increases further, which would impose severe pressure on the recovery of activity in the world. Africa supplies a third of world oil production, and a fifth of the gas production. The fear is that Bahrain protests spread to Saudi Arabia and the other producing countries. The threat of contagion to the weak global economic recovery could be transmitted via energy prices and inflation.
The INE publishes Monday February leading indicator of CPI and the HICP, the Bank of Spain data of the balance of payments (2010), Development of visas for technical architects' associations to build houses and Industry Tourism Expenditure Survey which is a test to take into account the situation of the English economy.
Spain is clearly countries dependent on oil and gas producers and will suffer greatly if a barrel of Brent remains above $ 100. When the economic crisis still raging strong in some EU countries, and just when you begin to see the first green shoots in Germany or France, the crisis is perfected in the form of escalating oil unsurpassed.
Crude is the basic element for the functioning of the economy and affects all productive sectors. European energy ministers this week addressing the impact of the riots in the Arab world at the price of oil and gas supplies to the EU.
The data provided by the companies to the time indicated that Libya would have stopped producing between 300,000 and 400,000 barrels per day of crude, equivalent to 25% of daily output. Another major problem, especially for Spain and Italy, is the Libyan gas. The lack of supply may be more difficult to supply the oil due to its transport to the EU is through pipelines.
The agricultural sector is in a very delicate moment, which is compounded by the rising price of fuel so urgent action. The sectors most affected are the cereal harvest which consume large amounts of fuel, and edible oil and milk, which carry two years of below-cost sales and as for the price of livestock feed. This same Monday
knew the inflationary surge that causes the oil in a CPI soars to EL3, 6% annual rate after rising at February 3 tenths of a point, mainly due to higher prices of fuels and lubricants and food and nonalcoholic beverages. This new increase in inflation shows that we grow up impoverished, because it just two tenths compared to 3.6% inflation rate threatening a crisis if action is not new.
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