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Oil Price Fluctuation Reflects International Power Balance

Oil Price Fluctuation Reflects International Power Balance
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摘要 Due to the uncertainty of the oil economy,economists have yet to build a perfect analytical framework for the oil market.Over a period of time,oil price fluctuates according to the supply and demand of the international market.In the long run,however,given the political nature of oil,oil price fluctuation is also dependent on the power balance between oil consumer and producer countries.History has proven that the world energy landscape is constantly in a process of change and evolution,which underlies the increasing oil price uncertainty in the long run.From the perspective of the world energy landscape and its evolution,this article applies international political-economic methodology in addressing the energy security issues facing China,with the purpose of offering recommendations for further areas of energy research. Due to the uncertainty of the oil economy,economists have yet to build a perfect analytical framework for the oil market.Over a period of time, oil price fluctuates according to the supply and demand of the international market.In the long run, however,given the political nature of oil,oil price fluctuation is also dependent on the power balance between oil consumer and producer countries.History has proven that the world energy landscape is constantly in a process of change and evolution, which underlies the increasing oil price uncertainty in the long run. From the perspective of the world energy landscape and its evolution,this article applies international political- economic methodology in addressing the energy security issues facing China,with the purpose of offering recommendations for further areas of energy research.
出处 《China Economist》 2008年第1期106-115,共10页 中国经济学人(英文版)
关键词 World ENERGY LANDSCAPE UNCERTAINTY ENERGY CYCLE ENERGY Security. World Energy Landscape Uncertainty Energy Cycle Energy Security.
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