Currency exposures of the oil and natural gas stock prices in the Hushen-300 stock market： A nonlinear model approach

The paper embarks to investigate the relationship between currency risk and stock prices of the oil and natural gas exploitation industry in the value-weighted Hushen-300 stock market, by applying the standard Capital Asset Pricing Model （CAPM） and nonlinear exchange rate exposure model to the Renminbi against US dollar. The results show that the currency exposure does vary in the oil-gas stock prices throughout the bull and bear market. The study suggests that the models of the equilibrium exchange rate exposure must be extended to considering the nonlinear exchange rate exposure, the regime periods of bull and bear market, and the industry types that is sensitive to the currency exposures. The nonlinear dynamic relationship between the exchange rate changes and the Chinese energy stock prices throughout the bull and bear market add to the recent empirical evidences that foreign exchange markets and stock markets are closely correlated.

The development status and the prospect of the pipeline robots in the oil and gas storage and transportation industry

In the process of the constant development of the oil and gas storage and transportation technology, the maintenance of the large pipelines is an important task. At present, China vigorously promotes the use of the pipeline robots, for the maintenance of the oil and gas pipelines by the unique characteristics of the robots. In this paper, the author carries out the detailed analysis on the current situation of the development of the pipeline robots in the oil and gas storage and transportation industry, and compares the different applications of the pipeline robots at home and abroad. Starting from the principles of the operation of the robots, the author analyzes the characteristics of the different types of the robots, and combined with the existing conditions of the oil and gas storage and transportation in our country, the author tries to find the most favorable way of the working of the pipeline robots, to continuously improve the development of the oil and gas storage and transportation industry using the robot technologies.

Low Oil Prices Gas up Chinese Buyers

As the downward trend levels out,companies from China are finding big bargains around the globe.A new wave of Chinese outbound oil acquisitions is expected in the second half of 2015 as well-financed Chinese firms take advantage of struggling companies while oil prices remain low globally,industry insiders say.The huge drop in oil prices over the past year,from US$110 per barrel in early July of last year to below US$50 by the beginning of 2015, has fundamentally shocked the industry. But the prevailing forecast in the business is for price stabilization.

Analysis of Oil & Gas Policies in the World's Major Countries

In recent years, due to low oil prices, resource countries have been carrying out oil & gas industry reforms and accelerating structural reform of their energy industry. At the supply side, taxes have been reduced; at the comsumption side, taxes are on the rise. These resource countries have also opened up their oil and gas sectors in the hopes of attracting more domestic and foreign capital. With the Paris Agreement coming into effect in 2016, green and low-carbon development has become the consensus of global energy development. Although the development of clean energy has currently slowed down because of low oil prices, clean energy will be the world's common direction of development in the long run. Currently, countries continue to support the development of clean energy, although the manners of their support are changing.

Eco-Justice and the Niger Delta Environmental Challenges： Reflections on Matt. 7.12

Environmental challenges of the Niger Delta region caused by the activities of the oil and gas industry as well as the disregard of the region by both the oil firms and the state of Nigeria have been contentious in the discourse of environmental issues in Nigeria. In this dilemma, it appears that the oil communities are powerless in the face of the obnoxious display of might and the right to make and apply policies that affect the general well-being of the Niger Delta people and their environment. The question that might arise in this situation is the ethical perception of some of those who make and execute policies about the ecological problems of the region. Therefore, this paper focuses on discussing eco-justice in the light of Jesus teaching on equity and equality in Matt. 7.12, where he counsels that human actions on the others should be moderated by the actors＇ desire for his well-being.

Background and Effects of Deepening Reform of the Oil and Gas Industry System

Under the background of a fourth wave of industrial revolution and a period of worldwide energy transformation, deepening the reforms in the oil and gas industry, system is of great significance. After reviewing the achievements and summarizing the problems of the oil and gas industry in China, this paper lays emphasis on the key aspects of this new round of deepening reforms, and holds rite position that this reform, based on the implementation of the national energy strategy, covers the entire oil and gas industry chain by liberalizing market access, reforming market mechanisms, and strengthening management. The reform will bring far-reaching effects upon the entire chain and the participants of the oil and gas industry. It will help to improve the market-oriented allocation of resources, allow enterprises to interact as competitors, and enhance the national oil and gas security.

1949—2009:江西诗词简述

一中华诗词以汉字造词与语音为基础,有着结构均衡美、音韵抑扬美、意境含蓄美,有着源远流长的传统与丰厚遗产。在五四时期受到大冲击,其后逐渐复苏,然因上世纪50年代政治运动频繁,诗词再次受到冷遇与压抑,诗坛萧条冷落,作者限于一些领导干部、知识分子,创作处于极隐秘的状况,限于少数人的交往和发表。