THE OIL MARKET - THE IMPORTANT PHENOMENA OF THE GLOBALISATION OF THR WORLD ECONOMY ?

• Authors: Baláž Peter , Londarev Andrej
• Languages of publication: EN

Abstracts

EN

This study is devoted to analysis of different aspects of world oil market development and its role in growth of national economies. This study shows individual aspects and parts of oil market, be it production and consumption of crude oil and its territorial dislocation. It analyses the connections with the growth of competition ability of companies and the establishment of crude oil price and to the most important aspects on which it depends . The study comes to a conclusion that the biggest obstacle in using the crude oil will not be its availability, at least in the short run, but the ever fast increasing price. This high price will enable its use only by such subjects that will be able to implement the oil in the production process with high efficiency. Such conditions satisfy only products and services that are based on unique technical and scientific know-how, with high added value, etc..

Keywords

EN

COMPETITIVENESS; CONSUMPTION OF ENERGY; ECONOMIC THEORY; GLOBALIZATION; OIL MARKET; PRICING AND PRODUCTION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2005
• Volume: 53
• Issue: 9
• Pages: 861-879
• Document type: ARTICLE

Contributors

author

Baláž Peter

author

Londarev Andrej

• P. Balaz, Ústav slovenskej a svetovej ekonomiky SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

06SKAAAA00992296