The previous studies took OpeC as the absolute monopoly in the world oil market and having the controlling power of oil prices, so the main research methodology is the empirical analysis.
Speaking at a meeting in Kuwait this week, OPEC Secretary General Abdalla El-Badri said world oil prices are now being driven more by speculation than supply and demand.
There is an integrated world oil market, and embargoes do not work.
On the other hand under the quantity coordination, may affect the oil quality in the spot transaction foundation the price, thus holds the small space in the world oil quality market.
That is what happened in the world oil market.
The world oil glut combined with disastrous federal energy policies to scupper Alberta's economy(Christian Science Monitor)
Rather than being depleted, world oil reserves have continuously increased under the stimulus of increasing oil consumption .
Asian nations such as India, Malaysia and Indonesia recently cut fuel subsidies in the face of rising world oil prices, which may send inflation even higher.
When the world oil reserve is shortage, the electric car clearly gives a bright future for mankind. In the future, it will inevitably change the current drive models.
The IEA estimated that the world oil demand next year will be 1.1 million barrels a day, but it said that this estimate is subject to revision due to recent economic indices.
Our country is a oil consumption and importing country, we have opened fuel oil future market, but we still face to accept world oil because of limit production type of the future market.
Although the primary focus remains the story of an evolution of America hegemony and world oil, I have attempted to situate the growth of America foreign oil policy and oil security strategy.
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