A Study on the High International Oil Price and It's Impact

Considering of the fact that the oil price has rising and fluctuating constantly since the mid of 2003,it is believed that the world has entered a new era of high oil price.The violent rising of the oil price is an converged result of many factors.Although the collision effect from oil price on world economy is weakening and a global economic crisis did not occur for the soaring oil price,the constant high level of oil price has really dragged on the speed of economic development of many countries.Moreover since China's demand gap on oil has ever increased in recent years,it has also exerted severe influences on China's economy.