For the countries that do not produce it, having to depend on oil to move their economies has an extremely high cost and Europe is not exempt from this dependence either.
But the situation that oil is experiencing, with excess supply and minimal demand, since everyone is confined to their homes, the price of a barrel has been falling to prices that no one would have suspected.
According to estimates, the recent drops in the price of a barrel of oil from $ 70 to $ 20 will mean that Europe will save around 100 billion euros this year.
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Europe is an economic area that is highly dependent on other countries to supply its energy needs and, for the moment, renewable energy still does not meet its short-term needs.
And is that if you remember during the last crisis, the price of a barrel of Brent reached 143 dollars in 2008, to get to quote this year below 20 dollars.
Unfortunately, this favorable situation for Europe will be a complete disaster for some producer countries, where human rights are conspicuous by their absence.
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Perhaps this will serve to realize that Europe has to be fully used with renewable energy and maintain a minimum dependence on oil, which would save taxpayers a lot of money.
Furthermore, the local generation of the energy consumed will favor the creation of jobs and, incidentally, we will have a Europe free of contamination.