Difference between revisions of "Oil price"
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- Political matter in Middle east | - Political matter in Middle east | ||
- The contiuity of global economy growth | |||
- Huge increase of oil consumption in Brics | |||
- Source of oil in running out | |||
- Failure of international agreement to reduce oil consumption | |||
==Inhibitors:== | ==Inhibitors:== | ||
Revision as of 05:46, 18 November 2005
Description:
The oil price has been increasing, and nowadays it records highest, over 50 US$/barrel. Demand and supply for oil can be explaind as driving force of this event.
This mainly comes from unbalance between supply and demand for oil due to political unrest in the Middle East and increase of oil consumption in the emerging contries.
Enablers:
- Explorement of new sources
- Economic growth of China
- Political matter in Middle east - The contiuity of global economy growth - Huge increase of oil consumption in Brics - Source of oil in running out - Failure of international agreement to reduce oil consumption
Inhibitors:
- New source of Energy
- Failure of regulation on energy consumption
- New way of living with less energy consumption
Paradigms:
New finding of oil resource can change the power shift of the world.
Timing:
Oil shock in 1973, the fourth Middle-East Wars acted as trigger. 1991, Gulf war. 2003, Iraq war. 2004, The oil price has been increasing, and nowadays it records highest, over 50 US$/barrel.
Web Resources:
[[1]]
[[2]]