Oil price
Revision as of 20:11, 2 December 2004 by KaSUSHI Yaginuma (talk | contribs)
Description:
The oil price has been increasing, and nowadays it records highest, over 50 US$/barrel. Demand and supply for oil can be explaind as driving force of this event.
Enablers:
- Explorement of new sources
- Economic growth of China
- Political matter in Middle east
Inhibitors:
- New source of Energy
- Failure of regulation on energy consumption
- New way of living with less energy consumption
Paradigms:
New finding of oil resource can change the power shift of the world.
Timing:
Oil shock in 1973, the fourth Middle-East Wars acted as trigger. 1991, Gulf war. 2003, Iraq war. 2004, The oil price has been increasing, and nowadays it records highest, over 50 US$/barrel.
Web Resources:
[[1]]
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