But first, a little bit of history:

¿How are oil prices determined?

And remember: In 2008 briefly after the financial crisis turmoil, oil prices reached a record high of $145/b.

Therefore, very recent events in the conflict between Yemen and Saudi Arabia shows that oil global supplies could get tighter while you read this post. And these are events in full development.

Why are oil prices no longer as predictable?

The oil industry has changed in four fundamental ways:

1. U.S. oil production.
2. Uncertainty over OPEC's clout.
3. The fluctuating value of the dollar.
4. And shifts in oil demand.

Currently U.S. oil domestic demand is about 19.96 million barrels per day. Go figure!!

While China, now consumes 13% of global oil production.

Remember: In 2008 briefly after the financial crisis turmoil, oil prices reached a record high of $145/b.

And recent events in the conflict between Yemen and Saudi Arabia shows that oil global supplies could get tighter sooner than later.

“If a full-fledged war between Iran and Saudi Arabia breaks out, there would be no limit to how high prices could go,” said Jay Hatfield, portfolio manager at InfraCap MLP, an exchange-traded fund that invests in oil pipelines. _{«Latest Updates»}

So, then...

Didn't you know the Venezuelan cryptocurrency The Petro (PTR) is a stablecoin backed by the federal government’s natural reserves of the country's oil and precious minerals and is attached to the price of a barrel of oil? ¿Nope? Ok, then let me tell you a bit more.

And there is an available PetroApp wallet with which you can manage your Petros (PTR) jointly with your Bitcoins, Litecoins & Dash right there within this same PetroApp wallet. And certainly you also can buy and bidirectionally exchange your Petros with BTC, LTC y Dash?

Oh yeah! of course fellows. Don't take anything of this as investments or financial advice whatsoever. Obviously I am no expert in these matters.

I am simply a humble and sharp observer of worldwide events. And witnessing from the front row how these world events directly affect me every day standing in a first class oil producer country. Often I wonder!!

¡Heck! ¿Why not?

^{"If there is even a cool online calculator to gauge the rocket fuel to the moon daily"}

So, crypto astronauts...

¿Do you wanna your Lambo quickly or not?

^{Leave a comment. Share your experiences and feedback. ¡Be part of the conversation!}

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Cheers!!