2006•Unpublished venueRequires access

The World Economy Affected by Rising of Oil Price and China Energy Source Policy Choice

Fan Yun-fang

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Abstract

The rising of oil price has resulted in economic crisis,increased the financial burdens and production costs,and the import costs of non-oil producting countries as well,the high oil price has created albatross to aviation,express and other transport industries,and ultimtely,the consumers are the undertakers of the high oil price;countries in the world have to adjust their energy sources structure in a case of rising oil proec;advancing oil price has not only brought lost money to the OPEC but some negative effects,such as corruption,war and violence,etc.;the rising oil price requires China to improve then energy sources efficiency,adopt various energy source strategies,establish national oil strategic reserve nd reinforce international cooperation in energy field.

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What this paper is about

The rising of oil price has resulted in economic crisis,increased the financial burdens and production costs,and the import costs of non-oil producting countries as well,the high oil price has created albatross to aviation,express and other transport industries,and ultimtely,the consumers are the undertakers of the high oil price;countries in the world have to adjust their energy sources structure in a case of rising oil proec;advancing oil price has not only brought lost money to the OPEC but some negative effects,such as corruption,war and violence,etc.;the rising oil price requires China to improve then energy sources efficiency,adopt various energy source strategies,establish national oil strategic reserve nd reinforce international cooperation in energy field.

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Available abstract

The rising of oil price has resulted in economic crisis,increased the financial burdens and production costs,and the import costs of non-oil producting countries as well,the high oil price has created albatross to aviation,express and other transport industries,and ultimtely,the consumers are the undertakers of the high oil price;countries in the world have to adjust their energy sources structure in a case of rising oil proec;advancing oil price has not only brought lost money to the OPEC but some negative effects,such as corruption,war and violence,etc.;the rising oil price requires China to improve then energy sources efficiency,adopt various energy source strategies,establish national oil strategic reserve nd reinforce international cooperation in energy field.

Key concepts: Oil price, Oil-storage trade, Economics, China, Aviation, Business, International trade, Natural resource economics

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