Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 5

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  CRUDE OIL
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1
Content available remote

OIL IN CHINESE FOREIGN POLICY

100%
EN
Crude oil plays a very important role in Chinese policy. Beijing can count on rather limited natural resources, therefore must seek them abroad. Despite the systematic growth of domestic oil output, China still remains a major global importer. Its reserves of crude oil stay on a definitely insufficient level when compared with the permanent growing consumption. Beijing's policy leads to creation of a wide mechanism of supply diversification. Cooperation in this sphere allows China to create a mechanism of dialogue with other countries and develop many forms of cooperation with them.
EN
Crude oil is a key factor of transport with a tremendous impact on modern societies. It has been noticed that the consumption of this resource depends on three factors: population size, access to resources and economic development. The largest amount of crude oil is used in the USA. The world's consumption of crude oil is concentrated on the territories of several areas in the most developed countries, such as: USA, China, Russia, Japan, and the countries of Western Europe. The surplus of crude oil is mainly possessed by the countries of the Middle East, Venezuela, Russia, and several African states. Crude oil trade is controlled by the Members of OPEC, who establish the prices of that resource.
EN
In the EU, USA and elsewhere in the world a significant amount of public money is being devoted to support of biofuel production. It is believed that rising biofuel production affects agricultural commodity prices as well as fossil fuel prices. The relationship between oil and food prices has been known for a long time. In this article the authors analyse the statistical relationship among the fuel prices (oil, gasoline, bioethanol) and selected food prices (maize, wheat and sugar). They conduct a series of statistical tests, starting with tests for unit roots, estimation of co-integrating relationships among the price series, evaluating the inter-relationship among the variables using Vector Error Correction Model (VECM) and Variance decomposition. According to their results, there is a long-run co-integrating relationship among the selected time series in the later years while the interrelationship among the variables was weaker in earlier period.
EN
This paper deals with the development of oil prices and the factors which have impact on these prices. The main objective of this paper is to identify the impact of movement of exchange rate of US Dollar on crude oil prices. To reach the mentioned objective we have had used theoretical and empirical analyses and methods such as regression model, Granger causality and structural models to identify to what the extent the oil prices depend on the value of US Dollar, as one of the factors influencing the oil prices in the international markets, particularly in the last two decades. We find that US Dollar has a significant impact on oil prices.
EN
The study aims to present the relationship between the abundance of raw materials and the dynamics of economic growth on the example of Russia. The wealth of raw materials is generally believed to translate into the wealth and prosperity of society. However, the potential of raw materials is not always reflected in economic growth, as the example of Russia confirms. Although the country has substantial deposits of oil and the world’s largest gas reserves, its development remains at a relatively low level as measured by per capita GDP. It turns out that a monoculture of raw materials sometimes impedes economic and social policy, and can cause economic stagnation, passivity and a lack of initiative. The article shows the potential of the energy resources in the USSR and the Russian Federation (RF), its role in the economic development of the country and the RF’s foreign policy as well. Focus is placed on economic strategy with regard to the oil and gas sector and the resulting consequences for Russia, and the opportunities and threats to economic and social policy that result from the ownership of oil and gas. The article also examines how the management of revenue flows from sales of oil and gas, the changes that have taken place in Russia on energy boom as a result of the collapse on the energy market in 2008 and the effectiveness of the tactics chosen by the government. The article concludes with a presentation of measures Russia could take to increase the efficiency of its economy and the influx of petrodollars for rational land use in the future, for the sake of the country’s long-term and sustainable development.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.