Barack Obama: Sooner or later oil will rise in price

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Moscow. Sooner or later prices of oil will grow. So the U.S. President Barack Obama considers.
"Now oil cheap, but it will rise in price. Also there will be everything is more expensive as is a limited resource and its extraction will be more and more expensive process" — the American president declared, speaking at the summit of leaders of the countries of North America in Ottawa.
Obama also urged to introduce environmentally friendly power sources.
"The technology moves forward — the solar power, wind power, hydropower, bioreactors, and also technologies on which we did not reflect until recently at all" develops — quotes it RIA Novosti news agency.
Leaders of the USA, Canada and Mexico agreed about partnership creation on environment preservation within which are going to raise a share of pure power on the continent by 2025 to 50% of the total amount of development.
In December of last year representatives of 196 parties of the Framework convention of the UN about climate change (195 countries and the European Union) concluded in Paris the first general obligatory agreement on climate. The document will come into force for the thirtieth day after it is ratified by not less than 55 parties of the convention to which share at least 55% of the general emissions of greenhouse gases fall. This document will determine by br after 2020 volumes of emissions of greenhouse gases and a measure for prevention of climatic changes. The Parisian agreement on climate does not assume refusal of fossil fuel, universal emissions of dioxide of carbon (CO2) are not limited. However all without exception of the country have to determine the national purposes by decrease in emissions and technological rearmament.
Russia plans to prepare the plan for ratification of the Parisian agreement by fall of 2016.
On the eve of the Ministry of Energy of the USA foretold that by 2017 oil will rise in price to 60 dollars for barrel. Thus by the end of 2016 the American experts predict the price at the level of 50 dollars for barrel.
In two years of the price in the oil market fell off several times — from 115 dollars in the summer of 2014 to 30 dollars at the beginning of the 2016th. By the end of May the situation was corrected, and the prices "punched" psychological level of 50 dollars for barrel.