3 Amendments of Robert GOEBBELS related to 2008/2212(INI)
Amendment 11 #
Draft opinion
Paragraph 1
Paragraph 1
1. Takes the view that fluctuations in the price of oil, and in particular recent higher oil prices reflect a structural imbalance between supply and demand caused, in the main, by two factors: progressive depletion of the oil reserves and a change in demographic and urbanisation trends, especially in emerging countries, where the rise in average income is causing an increase in demand;
Amendment 21 #
Draft opinion
Paragraph 4
Paragraph 4
4. Expresses its concern that with structurally higher energy prices, there is more of a burden on labour to absorb increased costs through lower wages; considers that the inflation triggered by the increase in oil price should be addressed, in particular, by distributing purchasing power more evenly, particularly through targeted measures to help the poorest people;
Amendment 27 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5b. Notes the extreme volatility of the price of oil, which went from USD 100 a barrel on 2 January 2008 to USD 148 on 4 July, before falling to the current price of around USD 60 a barrel; asks the Commission to analyse whether this volatility, which is harmful to the economy and consumers, is a consequence of speculative practices on the markets, in particular the NYMEX, where 60% of trading is in virtual oil; considers that, with a view to a better regulatory framework for financial markets, specialised market practices for trading in raw materials must also be reviewed in order to avoid excessive speculation;