2008Journal of Hebei Polytechnic UniversityRequires access

The Influence of the Rising Petroleum Price on Our Country s Economy

DU Li-juan

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Abstract

Since 2004,the world petroleum price has continuously been in rising situation.In 2005,the forward price of crude petroceum reached as high as 70.80 US dollars/barrels and created the new record.The continue rising price of international crude petroleum has certain influence to the world economics.Regarding our country,which is being in the high speed industrialization time,also is a country which has high import dependece of petroleum,inevitably have certain influence.This article has mainly analyzed the reason of the rising of petroleum price and discussed the negative influence to our country economy because of the rising of petroleum price,then proposes the correlation policy and the suggestion in this foundation.

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Since 2004,the world petroleum price has continuously been in rising situation.In 2005,the forward price of crude petroceum reached as high as 70.80 US dollars/barrels and created the new record.The continue rising price of international crude petroleum has certain influence to the world economics.Regarding our country,which is being in the high speed industrialization time,also is a country which has high import dependece of petroleum,inevitably have certain influence.This article has mainly analyzed the reason of the rising of petroleum price and discussed the negative influence to our country economy because of the rising of petroleum price,then proposes the correlation policy and the suggestion in this foundation.

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Available abstract

Since 2004,the world petroleum price has continuously been in rising situation.In 2005,the forward price of crude petroceum reached as high as 70.80 US dollars/barrels and created the new record.The continue rising price of international crude petroleum has certain influence to the world economics.Regarding our country,which is being in the high speed industrialization time,also is a country which has high import dependece of petroleum,inevitably have certain influence.This article has mainly analyzed the reason of the rising of petroleum price and discussed the negative influence to our country economy because of the rising of petroleum price,then proposes the correlation policy and the suggestion in this foundation.

Key concepts: Petroleum, Economics, Industrialisation, Oil price, Petroleum product, Economy, Agricultural economics, Market economy

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