Calmly looking at the rationality of high oil prices

Since last week's international oil price reached a record high of US$145, the market’s debate on the causes of high oil prices has become increasingly fierce. Some people think that the high oil price is a plot conceived by the United States. The main goal is to crack down on emerging developing countries such as China by driving up oil prices and food prices. Because the "conspiracy theory" is very much in line with the psychology of consumers in the subconscious mind, it has been responded to by many domestic media and scholars.
Objectively speaking, "conspiracy theory" may not be unreasonable. We cannot rule out that some international politicians and financial speculators have a strong desire to manipulate the market and do not deny that the United States has a strong fear of the rise of China. Therefore, it cannot be said that the "conspiracy theory" is entirely out of nothing. However, we must also realize that the international crude oil futures price will be affected by multiple factors such as the market, oil-producing countries (such as OPEC), consumer countries, and geopolitics. In addition, global investors can participate in transactions at the same time, resulting in huge transaction volumes. Therefore, it is very difficult to manipulate international oil prices. From this perspective, using the "conspiracy theory" to explain the current high oil prices is untenable.
In essence, the current high oil prices are determined by two major factors: First, supply exceeds supply; second, non-renewability of oil resources.
The current high oil prices do not occur overnight. From the average international crude oil price of around US$25 per barrel in 2002 to more than US$140 per barrel today, international oil prices have more than doubled in six years and have risen every year. This six-year period is also the fastest six years of global economic growth in the past 30 years. The annual growth rate has exceeded 4%. This shows that the rapid growth of the world economy has brought about an increase in the demand for oil, which is the fundamental force driving up oil prices. However, petroleum resources are also non-renewable resources. As with other commodities, their output will increase as demand increases and prices increase. Therefore, as ever-increasing demand hits limited reserves and production, the scarcity of oil will become increasingly prominent and oil prices will become higher and higher.
If we fail to understand the essence of the shortage of oil resources and think that speculation funds are speculating, or that the conspirators are doing something wrong, we will make a wrong judgment and wait for the drop in oil prices, thus missing the opportunity to meet the challenges. We must soberly realize that a new oil crisis has arrived, unless the global demand drops sharply, or oil prices will operate at high levels for a long time.
So, how to deal with this crisis? The development of alternative energy is certainly a long-term solution. However, it has been slow to effect and has been unable to cope with the recent supply shortage. At the same time, China's entire industrial system is highly dependent on oil and it is impossible to switch to using new energy in the short term. Therefore, ensuring supply is still the top priority at present.
First of all, we should further increase import efforts and increase strategic reserves. If the oil supply will be judged by the long-term tightness, then from now on, we should not hesitate to increase our strategic reserves and not consider oil prices. The establishment of a national oil strategic reserve is a long-term process. As long as it is consistently adhered to, the average cost of reserves will not be too high. Especially in the long-term bullish oil price, buying oil at any point is correct. At present, China is facing a serious excess of liquidity. The country’s foreign exchange reserves are as high as US$1.8 trillion and are at risk of devaluation. At this time, if you can take out a large amount of foreign exchange to purchase overseas oil, you can not only reduce the pressure of excessive foreign exchange reserves, but also ensure the supply of oil, killing two birds with one stone.
Second, we must further strengthen international cooperation to ensure the stable growth of overseas oil sources. In the past 60 years, except for the Cold War, oil has the greatest impact on geopolitics. The major industrialized countries in the world are continuously developing overseas oil sources to ensure their own supply. As the largest developing country in the world, China maintains good relations with the vast majority of developing countries in the world. This provides China with a good foundation for strengthening international oil cooperation. In the next step, China should further strengthen its relations with third-world countries, expand cooperation in the oil field, and ultimately achieve mutual benefits and win-win results.
In short, unless the global economy is in a serious recession, or if some of the major economies in the world fall into a serious recession and drastically reduce oil demand, oil prices will not fall back. In this special period, China must make early preparations to avoid becoming a victim of high oil prices.

Medical Sterilization Basket

1. Product material:

Made of high quality stainless steel 304 316 316L and other materials. Material is divided into ginning net, punching plate, welding net and so on.

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(1) The material is made of high quality stainless steel, welded firmly, the whole body is processed by electric polishing technology, bright, never rust, beautiful and healthy.

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3. Scope of use:

Applicable to medical units, hospital departments, such as operating room, supply room, disinfection room, dental clinic, ward and other cleaning, disinfection and sterilization treatment related medical institutions.

It can be used for disinfection and sterilization, ultrasonic cleaning, storage, etc., especially for cleaning, disinfection and sterilization of surgical instruments and medical instruments together in the instrument tray.

Packaging requirements: generally carton packaging, special requirements can also be customized packaging.


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