RRJ#4

Reference:
TAREK EL-TABLAWY. (2009,April 27). OPEC, Asia, call for curbs on oil speculation. Energy Tribune. Retrieved From:http://www.energytribune.com/articles.cfm?aid=1663

Summary:
In Tarek El-Tablawy's article "OPEC, Asia, call for curbs on oil speculation", the author tells us that the oil price is volatile. So, many organizations want to stableilize the oil price. There is a meeting in Tokyo to discuss the oil market in the world and it maybe can make a global recession. Because the oil price are down, the investments of oil is down. So many projects have to stop or be delayed. Many people are not good for the economy; they want the oil price to rebound. It reaures more investments to make the oil market stable. Many countries try to do many measures to make the oil market stable. For example, in Iran, people think that they must limit the control of the oil market, because it's not good to make oil market stable. Many influential people said they try to invest something about oil although the oil market has downturned. People want to control the amount of oil and reduce costs to control oil price and make the oil market and global economy stable.

Reaction:
From this article, I know that the oil price is volatile. Sometimes the price is very high, but sometmes it's very low. So the oil market is not stable. The oil price also makes the global economy volatile. It's very hard to control the oil price although many organizations want to do it. Many projects have to stop or be delayed, because the oil market is downturn. Now the oil price is very low, so many organizations want to make the price higher to make the oil market stable. And I know that the volatile price of oil is harmful to both producers and consumers. So it's necessary to control the price of oil. Stable oil market can make global economy stable and make our life better.

Vocabulary:
volatility-being easily change
recession- corner
investment-use money to do some projects
regulation-rule
consumers-people who buy something