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News and Review of European Economic Zone (France)
 
French Consumer Confidence Declines in the month of May
Wednesday, May 27, 2015
 
French consumer confidence declined in May 2015. French citizens are less confident in their ability to store assets and money because of the economic conditions that have not been as expected.
 
Consumer confidence in the country's second largest economy of Europe fell from 94 (April) to 93 in May. This decrease is the first since the release of the data in October 2014. The average level ideal for consumer confidence itself is at the 100 level.
 
According to data from the statistics agency Insee, the French people are not too confident of being able to save money now and in the future. Consumer attitudes in view of the current financial situation also decreased compared to last April.
 
Insee monthly survey results also show a decline in a sense of concern will be the number pengguran. While the number of household heads who forecast a rise in prices in the market also reduced inflation expectations but still rose in May.

China's GDP Data To Trade Oil Press
 
Tuesday, January 20, 2015
 
The weakened oil market Tuesday after China's economy growth by 2014 are reported is lower than the Government's target of annual growth and achieve the lowest in 24 years. This sentiment of energy markets mempersuram has slumped with the slowing demand and supply still excess.
 
China's National Bureau of statistics reported the country's second-largest economy growth reached 7.4% in the past year, lower than the target of 7.5%. Growth in the fourth quarter was the lowest in level in nearly six years, walalu a bit better than market expectations of 7.3%.
 
According to the credit rating agency, Moody's, this low oil prices could negatively impact on the company's exploration and production in South East Asia.
 
Towards the middle of the day, the WTI crude oil is traded in the range of $ 47.82 a barrel, the lowest level with a daily $ 47.60 and highest level of daily $ 48.09

OPEC Cuts Oil Price Projections & Global Demand
 
Friday, November 7th, 2014
 
Group the world's largest oil exporter, cut its forecast for growth in the price and the level of global oil demand. In World Oil Outlook, which was released Thursday, the Organization of the Petroleum Exporting Countries (OPEC) said there would be "a slight decline in the real value" of the decade along with the "nominal price constant" at $ 110 a barrel from the current 2020 . Projections for the US economy increased, while the prediction for the country "BRIC" (Brazil, Russia, India and China) are trimmed in the medium term. OPEC added that there is the risk of "excess capacity in the oil sector."
 
The report was released at a bad time for the oil market. WTI crude oil prices touching the lowest level since August 2011 earlier this week after Saudi Arabia cut the price. Adel Abdul Mahdi, Iraq's oil minister said that OPEC has experienced "perdang price" in his camp alone, and there is concern that it will lead to a race down the price of oil which is very hurting exporters of oil.

News and Review of European Economic Zone
 
Euro Zone Economic Confidence In The Brittle In September
Monday, September 29, 2014
 
The level of economic confidence in the euro zone was reduced in September in a sign that measures from the European Central Bank to prop up the recovery has not been successful.
 
Index of executive and consumer sentiment slipped to 99.9 in September from 100.6 in the previous month, in the report by the European Commission in Brussels today. These results were the weakest since November and in line with the median estimate of 25 economists in a Bloomberg survey.
 
Policy makers will meet in Naples, Italy this week will discuss the details of the asset purchase plan designed for long-term loans and low interest rates to start back pereknomian. The ECB is currently struggling in a low level of confidence, economic growth in a stagnant block of 18 countries in the second quarter, the unemployment rate bertahaan near record highs, and inflation running far below the target.
 
"This is a very weak recovery in the Euro zone and we just have a little momentum," said Anatoli Annenkov, a senior economist at Societe Generale SA in London. "There is an internal weakness in the euro area, and it is worrisome for consumers danperusahaan, which will make decisions on hiring and capital investment. If you do not have a request from the company, the growth will not be driving."
 
The level of industrial confidence fell to minus 5.5 from minus 5.3, while the construction sentiment rose to minus 27.7 from minus 28.4, according to a report today. Sentiment in services indsutri rose to 3.2 from 3.1 in August. The level of consumer confidence was at minus 11.4, according to a preliminary reading on September 22 last.

Gold hits record, Silver Reaches 31 Year High
 
Monday, April 11, 2011
 
Gold continued strengthening Monday and soared to a record high above $ 1.476 per ounce as the euro climbed to a 15-month high against the U.S. dollar, while stabilizing oil prices helped silver reaches 31-year high above $ 41 per ounce.
Survive weak yen in early Asian trading on Monday, while U.S. dollars are trying to survive against a set of other major currencies as investors continued to carry trade to the assets had a high yield.

Penetrating Oil $ 110 Per Barrel On Middle East Tensions
 
Friday, April 8, 2011
 
Oil prices end at 2-1/2 year high on Thursday as fears of supply problems associated with the fighting in Libya and the Middle East turmoil fears overshadow demand driven by an increase in eurozone interest rates and big aftershocks hit Japan.
 
Brent crude oil for May delivery rose for the sixth day, closed 37 cents higher at $ 122.67 per barrel, the highest since August 4, 2008.
 
U.S. May crude oil futures closed up $ 1.47 at $ 110.30 per barrel, the best since September 22, 2008, rose for a fifth day in six sessions.
 
U.S. crude oil climbed after U.S. data showed claims for unemployment benefits fell, adding to signs of strengthening labor market.
 
A major aftershock struck northeastern Japan on Thursday night. The latest quake manambah worries that oil demand will go down in Japan, the third largest economy in the world who are trying to recover from the devastation caused by earthquake and tsunami last month.

After the Print Record, Gold Prices Stable
 
Thursday, April 7, 2011
 
SINGAPORE - The price of gold was observed to thin down ahead of rate announcement by the European Central Bank (ECB). Meanwhile, silver prices barely moved after rising to its highest level for more than three decades.
 
As quoted by Reuters on Thursday (4/7/2011), the price of gold dropped 31 cents to USD1.456, 69 per ounce, after earlier scoring a new record of USD1.461, 91 on Wednesday due to a weakening U.S. dollar value to the position lowest during the last 14 months against the euro.
 
While the price of silver in the spot market has barely changed in 39, 37 per ounce, after earlier scoring a record high in 31 years at $ 39, 75.
 
European Central Bank is ready to raise interest rates from the lowest level at 1.0 percent. But it is feared could suppress Lanu euro is now the trend is being strengthened.
 
While the yen held near six-month lows against the dollar on Thursday and weakened during the 11-month low against the euro ahead of monetary policy in Japan and the eurozone are expected to raise interest rates.
 
Then the price of Brent crude oil rose to its highest level for two and a half years terakhi to USD123 per barrel level on Wednesday, oil prices this sebelumnmya had weakened as market players worried about the recent rally was excessive.

Brent Crude Oil Could Reach $ 130/Bbl
 
Thursday, April 7, 2011
 
"The increase in U.S. oil stocks helped put the brakes on crude oil rally, "but it's just a matter of time before the benchmark contract to continue their uptrend, said a trader at Hyundai Oilbank.
 
According to the U.S. Department of Energy, crude oil stocks increased by 2 million barrels to 357.7 million barrels last week. Unrest continues in Libya and the countries of other oil producing and sparked fears of supply shortages with the country's main oil-producing countries show little effort to boost production, crude oil has a lot of upside.
 
"The movement of Brent prices above $ 120 per barrel has given no triggers proactive policy stance from the manufacturer Indeed,. the nature of the lack of response and the general drift recent policy statement indicates that the producer away from actively seeking to rein in prices reversed, leaving door for $ 130 Brent swung open, "said Paul Horsnell at Barclays Capital. ICE Brent crude oil for delivery can go down 58 cents at $ 121.72/bbl on Globex.

Gold Hit By Profit Taking; Support $ 1,450
 
Thursday, April 7, 2011
 
Spot gold was at $ 1,452.50 per ounce, down $ 6.60 since Wednesday near New York. "There was some profit taking and selling the physical, but a typical Asian action and these sellers will seek to buy back at lower levels.
 
Overall, still friendly to gold and I think we will hold above $ 1,450, "said a trader based in Singapore at an international bank.
 
The next cue for gold is the ECB meeting, with hawkish talk from ECB president Trichet at a news conference 1230 GMT likely see EUR / USD rebounded above 1.43, which could help gold claw back some ground. EUR / USD is at 1.42966 after topping out at $ 1.43500 late Wednesday.

Oil prices print new record
 
Wednesday, April 6, 2011
 
Increasing political tensions in some parts of Africa and the Middle East makes oil prices in London once again touched its highest level to reach the level of USD122 per barrel.
 
Brent crude oil prices soared to a position of USD122 per barrel. This price is the highest price along the 2 to 2.5 years. Oil prices traded in London has increased by $ 14 since 3 March. Meanwhile, Brent crude oil in the futures market for May park in a position USD122, 22 per barrel, up $ 1, 16.
 
Apart from the conflict that occurred in Libya and a number of other Central Asian countries, expectations of interest rate hikes in China also helped to trigger increase in this index.
 
Broker at BNP Paribas Commodity Futures Inc. Tom Bentz told Reuters on Wednesday (06/04/2011) says that fears the political situation in the Middle East and Africa became the main drivers of this increase in oil.
 
On the other hand, the American Petroleum Institute (API) in its report on Tuesday (04/05/2011) night said U.S. crude stocks fell 2.8 million barrels in the week. Gasoline stocks rose 568,000 barrels and the total oil stocks fell by one million barrels of derivatives.
 
However, towards the API report, crude stocks are expected to increase in the position of 1.7 million barrels during last week. Inventories of gasoline is estimated to be lower by 1.9 million barrels and 200,000 barrels sulingannya seen a small decline.
 
According to Reuters data, the volume of U.S. trade below the average for 30-250 days. While the exact volume of Brent at point average, higher than the U.S. trade.
 
While the broker Andrew Lebow at MF Global analysis of the deteriorating situation in Africa after diundurnya elections in Nigeria. He said the delay in the 40s Brent oil cargo shipments as well as the political situation in Yemen and Saudi Arabia are the factors that add to this difficult position

Breath Taking Crude Oil
 
Tuesday, April 5, 2011
 
Crude oil prices take a breather after jumping to a fresh two-year and a half high Monday, with USD strength against major currencies capping upside of oil prices in Asian trade. Although the technical indicators show the overbought prices, analysts said crude's upward momentum remains firm and there is more upside potential than downside risk given the conflict in Libya to be a long protracted fight that promises to dominate headlines for weeks and potentially months.
 
"While recognizing the possibility that the rally was a bit too mature technically, we still can easily construct a scenario that would bring the WTI futures close to the area of ​​$ 111 before another plateau that will come," said Ritterbusch and ***oc. in the record.
 
Meanwhile, Cameron Hanover in Libya's record has been tight battle as control has shifted back and forth, "we have to wonder what kind of long-term damage may be inflicted on oil facilities in the coastal city is the key," he said. He added that the price of overbought again, but this pattern is bullish and the trend back on track. Nymex crude for May delivery fell 20 cents on Globex at $ 108.27/bbl; Cameron Hanover tips stop-sell at $ 106.30.

LME Metals Mixed In China Disadvantages: Low Volume
 
Monday, April 4, 2011
 
LME metals are very quiet in Asia in the absence of China-based participants for a two-day vacation to reduce the trade droplets. In addition, there is no consensus on the impact of Middle East unrest, the European sovereign debt problem and Japanese earthquake on the metal, which was costing sentiment, with the remaining short-term direction is clear.
 
"The market has not again suffer from information overload and feeling today is equity, to the detriment of fresh involvement in base metals," said Sucden Financial.
 
LME 3-month copper at $ 9,341 per tonne, down $ 19 with 218 lots thin so far. Aluminium LME 3-month at $ 2,633 / ton, up $ 2 with 48 lots.

Stronger Gold Thin 0.2 Percent
 
Monday, April 4, 2011
 
Gold prices rose amid thin expectations that the U.S. central bank will raise its benchmark interest rate.
 
As reported by Reuters (04/04/2011), price of gold rose slightly by 0.2 percent to $ 1430.39 per ounce. Oil prices are also expected to further rise. While the gold price in U.S. futures markets also rose 0.2 percent to USD1.431, 70.
 
For silver, the price was increased to $ 38, 03, an increase of 0.7 percent from the previous close.
 
Previously, the U.S. employment data on more and give a sense of optimism for world economic recovery, the positive sentiment deaden gold as the safest investment during economic uncertainty.
 
As a result, gold speculators in the futures market also raise the price of gold this week.

U.S. & British sentiment Gold overload
 
Friday, April 1, 2011
 
Gold target is still in the range of $ 1.500 per ounce in the coming months though gold is only up 1% in Q 1 2011. This is the lowest increase since the financial crisis began in 2008, according to Phillip Futures.
 
"The prospect of euro zone interest rate hikes and reduced expectations of quantitative easing by the U.S. burden in gold prices," according to brokers. However, gold is still used as a hedging instrument in the midst of market uncertainty. "The tightening of monetary, uncertainty in the Middle East and the problem of debt in the euro zone is unlikely to make gold as a commodity with the best performance," according to brokers.
 
Spot gold was at $ 1,430.60 per ounce, down $ 1.20 since the New York market close Thursday.

Crude Oil in Asia Rise to U.S. $ 107.08 / barrel
 
Crude oil prices rose in Asian markets traffic system is U.S. $ 107.08 per barrel in trading Friday (1 / 4). Market awaiting U.S. economic data about non-farm payroll report tonight.
 
Crude sweet crude traded online at the New York Mercantile Exchange rose 36 cents to U.S. $ 107.08 per barrel after earlier being at the level of U.S. $ 107.65 which occurred in September 2008. For Brent crude oil for May delivery rose 10 cents to U.S. $ 117.26 per barrel.
 
U.S. economic data record job growth began to improve in this March. Of the non-farm payroll survey rose 190,000 towards justice shows the labor market has improved in line with U.S. economic recovery.
 
On this day Asian stock markets rose as markets respond to news purchasing managers index rose in March. "Data on China are stronger than last week although slightly lower than expected yag," said Serene Lim, oil analyst from ANZ Bank in Singapore who quoted from finance.yahoo.com.
 
Markets expect that positive data from the U.S. today. For two days, financial markets have pushed crude oil prices. However, the current political crisis in the Middle East dominates world crude oil price movements.

LME Metals Unstable
 
Thursday, March 31, 2011
 
So many different macroeconomic elements that can affect the price of LME include China's economic prospects, the potential for the reconstruction of Japan, the European sovereign debt problem and the strength of oil prices on the back of Middle East unrest makes it difficult for traders to take a view of the company.
 
In addition, if the U.S. data in March non-farm payrolls came Friday as a better than expected, which would prima facie positive for metals, the possibility to increase the dollars that would be negative.
 
Sucden Financial said, "an LME complex listless and without direction from most stultifying news and events market.
 
"Copper LME three-months at $ 9,427 per ton, up $ 47 with the 1757 lot, paring some losses on Wednesday. LME three-month aluminum at 2.626 USD / ton, down $ 3 to 120 lots.

Oil Prices will be stabilized at Year End
 
World oil prices expected to continue to rise, which then stabilized at the end of this year, because the Middle East geopolitical status will end.
 
This, also automatically make the speculators will stop. Where one of the things of the recent rise in oil prices due to speculators in the geopolitical conditions in Libya this.
 
"Libya is a country that has the largest oil reserves in North Africa, although its production is not so great," said Standard Chartered Bank's Indonesia economist Eric Sugandi when met at the Crown Plaza Hotel, Gatot Subroto Jakarta, Tuesday (29/03/2011).
 
He also adds to the continued decline of the U.S. dollar will continue to make oil prices soar. As oil prices on Nymex at the weekend was recorded at USD102 per barrel. Overall in the first quarter of 2011 average oil would be USD95 per barrel.
 
"Then will increase to USD107 per barrel in second quarter 2011 and a USD110 per barrel in third-quarter 2011, up to and then back down to USD105 per barrel in the fourth quarter of 2011," he said.
 
Furthermore, the increase in oil prices in the position of USD105 per barrel this will give effect to the side of inflation and deficit Expenditure Budget (APBN) 2011 Indonesia.
 
"If oil at USD105 per barrel, inflation will reach seven percent by the end of the year and the budget deficit could reach 1.5 percent," he added.
 
However, he added during the government has not been able to increase the oil lifting target state budget is reached, then the strengthening of the rupiah is still going to help save the state budget deficit.
 
"But for the economic growth will remain at 6.5 percent, or remain optimistic about reaching that number, which is supported from household consumption. Despite high inflation, particularly food, household consumption remains high in addition to other support that is Foreign Direct Investment (FDI) , "he concluded

Oil Prices Down
 
Tuesday, March 29, 2011
 
Oil Prices United States (U.S.) slumped on Tuesday (29/03) for day-to-4 in a row. Price escalation in line with the news of forward movement of the rebels who mendaat ***istance from the Libyan air force. The rebels reportedly ready to confront the forces Muammar Gaddafi.
 
NYMEX oil contract for May delivery fell 24 cents to $ 103.74 per barrel, and add a correction of more than $ 1 in the previous session. The market price of oil has dropped about $ 2 since last Wednesday (23/03).

Distressed Oil Demand Outlook
 
Monday, March 28, 2011
 
Oil prices fall due to expectations of reduced demand in the euro-zone debt crisis and Japan's nuclear crisis Successful Balance turmoil in Libya and the Middle East. Debt crisis again haunt the market after the European Union reduce the amount of aid commitments. Japanese reconstruction efforts hampered the nuclear crisis with increasing radiation at Fukushima nuclear rectors. Libyan rebels successfully mastered return oil port of Ras Lanuf after Allied warplanes attacked Tripoli.
 
"Investors seem to stop the oil rally for a while due to the prospect of delay in recovery efforts due berkepanjangannya Japan's nuclear crisis," said Serene Lim, ANZ strategic. "The deteriorating situation of the euro-zone was also able to supply Libya imbangi anxiety. Situation Libya also seems not look better or worse." However outlook is still bullish oil supply disruption due to concerns over continued turbulence North Africa and the Middle East, the main areas exporter of black gold. Oil is still facing resistance as the key to $ 106.93, the highest price March 7, 2011

Continue to Monitor Oil Libya, Middle East
 
Friday, March 25, 2011
 
Oil prices did not change much, still sustained disruption of supplies by the fighting Libya and the Middle East unrest. Fairly thin trading volume while investors monitor further developments in the Middle East and Japan's nuclear crisis.
 
"There is a tendency to do profit-taking after oil climbed $ 10 since March 16; especially resistant to oil is now facing the highest price 2011 $ 106.93," said Andrew Lebow, broker at MF Global. Reuters survey showed oil prices will stay above $ 100 per barrel through 2013 due to tensions in the Middle East, the region's major exporters of oil.
 
Oil managed to reduce the decline after French fighter jets destroyed a Libyan warplanes. In Yemen, the army of President Ali Abdullah Saleh's supporters clashed with other soldiers who support the opposition groups are demanding the resignation. In Syria, 37 people were killed in the city of Deraa as the outbreak of protests, the government promised to fulfill the demands of protesters. In Bahrain, the opposition calls for a full day of demonstrations after the government banned public meetings on Fridays.

Gold will be back with new record
 
Friday, March 25, 2011
 
Gold recovered from the action of profit-taking as investors continued worsening of safe-haven ***ets amid violence Libya, the debt crisis of Europe, and Japan earthquake. Gold yesterday printed a record $ 1,447.35, but the direct action of profit-taking was invaded.
 
U.S. and allied aircraft continue attacks on ground forces as supporters of Qaddafi Muammar Qaddafi to increase attacks in several cities that have mastered the rebels. Portugal is now threatened bailout after Prime Minister Jose Socrates resigned amid EU leaders summit. "Rampant problems in the Middle East and North Africa, high oil prices and euro-zone debt crisis was a factor supporting gold rally," said Gavin Wendt, senior Pty MineLife.
 
Bloomberg surveys show a majority of respondents expect gold will continue rising next week. "Gold prices will rise 19% to $ 1,700 by the end of 2011 as investors seek protection against inflation," said Michael Verhofen, manager of Allianz RCM Comoditiy Fund.
 
Markets are now expecting GDP data and U.S. consumer sentiment. However, gold vulnerable to profit-taking action if investors saw further evidence of economic recovery. Ong Yi Ling, an analyst at Phillip Futures see $ 1420 as a support level, where penetration will open opportunities for further decline.

Crude oil rocketed to $ 106 Per Barrel
 
Thursday, March 24, 2011
 
Crude oil futures continue to skyrocket through the level of $ 106 per barrel Thursday, as investors continued to worry about the war in Libya and tensions in the Middle East.
 
Crude oil for May delivery rose 60 cents to $ 106.35 per barrel in electronic trading on Globex.
 
Market participants continue to monitor developments in the Middle East, especially in Libya where the allied forces began to enter combat troops led by Colonel Muamar Gaddafi of Libya and tensions in several regions in the Middle East such as Yemen, Siriah and Israel.
 
Tensions in the Middle East is expected to threaten the world's oil supply.

Gold Steady in Europe
 
Thursday, March 24, 2011
 
 
Gold prices held steady Thursday after concerns rose over European debt crisis and tensions in the Middle East raised investor interest in buying gold.
 
Spot gold moved up $ 1.05 to as low as $ 1,437.25 per ounce, after targeting $ 1,440.90 in the previous session, slightly below the record high of $ 1,444.40 that occurred on March 7.
 
U.S. Gold futures moved slightly at $ 1,437.50.
 
Spot gold moved down 0.3% to as low as $ 37.24 after reaching a high level for 31 years at $ 37.40 Wednesday.
Sentiment for gold helped by lower home-sales in the U.S. that could slow economic recovery and sparked a discussion that the central bank may continue to loosen monetary policy, reversed course purchases of bonds worth $ 600 billion.

Commodity News (Metal)
 
LME Metals Can Suffer in Portugal
 
Wednesday, March 23, 2011
 
LME metals mostly creeping higher with China's offer that comes to copper and zinc, but the market could be hit if the euro weakened further forward the budget debate Portugal in the global day later, said a senior Hong Kong trade.
 
"That Portugal is an overhang so that the euro holding us back and we could see selling for a while London is open," he said.
 
Portugal Prime Minister Jose Socrates could resign if elections savings later rejected by opposition parties, said the WSJ. Results will be market bond issues and put the euro under pressure, potentially hurting the copper which often tracks the EUR / USD. LME 3-month copper at $ 9,516 / ton, up $ 31 with 797 lots

Commodity News (Oil)
 
Libya and the Oil Price Crisis
 
Wednesday, March 23, 2011
 
CRISIS Libya continues. Upon the mandate of the United Nations (UN) to protect civilians, allied forces consisting of French, Italian, Spanish, English, United States, and Norway to attack Libya.
 
The attack is widely condemned because of civilian casualties has exacerbated the perception or psychology of the market against the risk of oil supply shortage. This is pushing oil prices back up. Brent oil price rises of around USD113 per barrel on Saturday (03/19/2011) to around USD117 per barrel on Monday (3/21/2011). Establishment of world oil prices are very sensitive to geopolitical factors in the form of crisis or political turmoil that hit the state security and the region including Libya minyak.Tak producer. Judging from the content of the natural wealth of oil and gas, Libya is a country that is relatively very rich.
 
Naturally, if the various parties began to suspect there is some hidden agenda of the coalition attack tersebut.Selain to protect civilians from m***acre of followers of Libyan leader Muammar Gaddafi, it is not impossible also tucked a view to one day be able to 'control' the Libyan oil and gas. 'Control' here does not necessarily mean 'master and Libyan oil and gas memiliki'cadangan directly, but could be in the form of encouraging the formation of government in Libya that can' follow 'the interests of these countries. In terms of energy security, countries such as Italy, Spain, and France are countries with oil and gas reserves in the bowels of the earth is very minimal.
 
They certainly need such a long-term ***urance that the Libyan oil would not be 'diverted' to other countries, for example to China or India are also very thirsty on long-term supply security. Currently China and India have entered into Libya through their state-owned oil and gas. Because spikes are very large energy requirements, particularly China, there was intense competition in the 'grab' the world's energy sources, especially this migas.Saat has penetrated China's state-owned oil and gas exploration and exploitation activities in some 70 countries around the world, including Libya. According to BP Statistics 2010, Libya has proven reserves of natural resources (proven reserves) the crude oil is relatively very large.
 
Libyan oil reserves of about 44 billion barrels with production around 1.7 million barrels per day. Reserves to production ratio (R / P ratio) to about 71. This means that if if Libya did not find new reserves, new Libyan oil reserves run out about 71 years! With the price of USD100 per barrel oil, the value of property / ***ets of USD4.400 billion Libyan oil. While the wealth of Libya's gas reserves of 54 trillion cubic feet (tcf), with a value of about $ 500 miliar.Dengan so, the value of the wealth / ***et Libyan oil and gas reserves to approximately USD4.900 billion.
 
This is certainly an extraordinary number of other countries that can make the bait look Libyan oil and gas. Compare with Indonesia, which only has proven reserves of about 4 billion barrels of oil, the R / P Ratio 12 years, with the value of reserves / oil ***ets of about USD400 billion. 113 tcf of gas reserves worth USD1.000 miliar.Total ***et value / Indonesian oil and gas reserves to approximately USD1.400 billion. Although smaller than the value of Libyan oil and gas ***ets, the value of Indonesian oil and gas ***ets will be able to give optimum benefit to the people if the management and ownership status (ownership) are legally clear so they can dimonetasi. Should, problem management and ownership status of ***ets / reserves of proven oil and gas should be clarified in the Act (the Act) Oil and Gas that is currently being revised in the House of Representatives.
 
The problem is, with the increasing need for energy, especially oil, can not be avoided that the future trend of oil prices will continue to rise. Oil and Gas is an energy source that can not be renewed and very strategic. With Libya's current crisis, there are about 1.2 million barrels per day of oil production lost from the Libyan market. If the Libyan crisis continues, the world oil market is permanently threatened shortage of supply. Although Saudi Arabia has agreed to replace the shortage of supplies from Libya, the market is difficult to fully convinced that prices are still perched above USD100 per barrel. Whereas before the crisis, in November 2010 the price of oil is still about $ 80 per barrel.
 
Especially if the current crisis hit Libya, Yemen, Bahrain, and Syria and then spread to the Arab Saudi.Tentu world oil prices will further rise and could lead to crises of oil / energy crisis that is very powerful since Saudi Arabia is the country's largest oil exporter in the world. With the political turmoil that occurred in the Area of ​​North Africa and the Middle East today, the risk of high oil prices will continue to haunt the world economy, including Indonesia. Because oil production is very low, only about 900,000 barrels per day, whereas in 1999 was about 1.5 million barrels per day, while demands for fuel oil (BBM) in the country continue to rise, no doubt that rising world oil prices turned out to give negative impact on the state budget and on the national economy.
 
Because oil production is very low, every time there is an increase in world oil prices will impact the addition of the budget deficit. With government policies that tend to do the 'omission' or 'do nothing' this time, where the government has said it will not raise fuel prices fuel while planning restrictions are also allowed to float, the prospects for oil and gas industry and national economy forward increasingly overwhelmed by the uncertainty (uncertainty) . Yet the problems faced are very clear.
 
Low oil production problems are due to mismanagement. This is rectified by immediately replacing oil and gas law because this law has caused the position of oil and gas investment in Indonesia was one of the worst in the world (Global Petroleum Survey 2010, the Fraser Institute of Canada). In the short term, production Cepu have a chance to be raised significantly. It takes coordination and hard work of the relevant parties. While the issue of fuel management and pricing should not be solved by herding people to move away from oil (premium) to oil (pertamax) as the discourse so far, but by diversifying into non-oil such as the gas (CNG) to accelerate infrastructure development.
 
If it is urgent, the standard solution is to raise fuel prices in a reasonable amount of such increase of 1,000 per liter, accompanied by a promise to the people that fund the subsidy savings would be used to build transportation infrastructure.