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Author: Carina Schlesing
Publisher: GRIN Verlag
ISBN: 3656136718
Category : Science
Languages : en
Pages : 65
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Book Description
Bachelor Thesis from the year 2011 in the subject Geography / Earth Science - Geology, Mineralogy, Soil Science, grade: 1,3, RWTH Aachen University, language: English, abstract: 1. Introduction 1.1 Way of Posing a Problem Today's global economy depends on nearly one single resource: oil! Oil is the main driving force of the global economy. The global hunger for raw materials is increasing particularly in fast growing economies such as China, India or even Brazil. Globalization, the growth of population and the ever-advancing technologies are the main reasons for this growth in demand. Experts estimate that for example, China's demand for energy will triple by 2020. Commodities, especially oil, are scarce goods on the world markets. This becomes apparent, above all, by soaring commodity prices. In the next few years the pace of growth in China's demand for oil could be a key factor contributing to further increases in the prices for crude oil and refined petroleum products. Those price increases could affect the demand for petroleum and influence the investment decisions of refiners worldwide. Oil is a finite resource. The following paper deals with the question of the effects and impact on the global oil market associated with the rising demand for raw materials and economic growth in China. 1.2 Research Objective and Thesis organisation The aim of this bachelor thesis is to clarify the effects of to the growing demand for oil on the global market. China, a country that is currently experiencing an incredible rate of economic growth, serves as a dynamic example. This situation results in a series of questions the answers of which must be based on an extensive knowledge of the global resources of raw materials to produce energy and also on their availability. It also needs some insight into the regularities of the market for energies, its way of operation and its variables. This thesis starts by describing the formation of oil to make transparent that the genesis of
Author: Carina Schlesing
Publisher: GRIN Verlag
ISBN: 3656136718
Category : Science
Languages : en
Pages : 65
Get Book Here
Book Description
Bachelor Thesis from the year 2011 in the subject Geography / Earth Science - Geology, Mineralogy, Soil Science, grade: 1,3, RWTH Aachen University, language: English, abstract: 1. Introduction 1.1 Way of Posing a Problem Today's global economy depends on nearly one single resource: oil! Oil is the main driving force of the global economy. The global hunger for raw materials is increasing particularly in fast growing economies such as China, India or even Brazil. Globalization, the growth of population and the ever-advancing technologies are the main reasons for this growth in demand. Experts estimate that for example, China's demand for energy will triple by 2020. Commodities, especially oil, are scarce goods on the world markets. This becomes apparent, above all, by soaring commodity prices. In the next few years the pace of growth in China's demand for oil could be a key factor contributing to further increases in the prices for crude oil and refined petroleum products. Those price increases could affect the demand for petroleum and influence the investment decisions of refiners worldwide. Oil is a finite resource. The following paper deals with the question of the effects and impact on the global oil market associated with the rising demand for raw materials and economic growth in China. 1.2 Research Objective and Thesis organisation The aim of this bachelor thesis is to clarify the effects of to the growing demand for oil on the global market. China, a country that is currently experiencing an incredible rate of economic growth, serves as a dynamic example. This situation results in a series of questions the answers of which must be based on an extensive knowledge of the global resources of raw materials to produce energy and also on their availability. It also needs some insight into the regularities of the market for energies, its way of operation and its variables. This thesis starts by describing the formation of oil to make transparent that the genesis of
Author: H.H. Wang
Publisher: Elsevier
ISBN: 0080529119
Category : Business & Economics
Languages : en
Pages : 429
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Book Description
This authoritative book on China's oil demand and government policies and practices rests on two essential foundations: first and foremost on the author's considerable knowledge of China's oil situation and prospects, together with his access to Chinese energy literature and data; and secondly, on that insight afforded to him and, therefore, his readers from his fluency in Chinese.The author analyzes the Chinese oil market and the rising pressure on Beijing to reform policies which constrain China's ability to meet soaring demand and to pay for crucial imports at a time of growing political and economic uncertainties. Dr Wang acknowledges the importance of China meeting its growing domestic oil demand, if at all possible, through national production. The sheer weight of China's population, and its burgeoning requirements as industrialization spreads into most regions, dwarfs the needs of others and places unprecedented strain on international oil trades.The author stresses the fact that the outcome is hard to define, yet the time required to tackle the nation's energy needs is not limitless. Moreover, he reminds the reader of the perennial difficulty in meeting widely disparate economic and energy needs in different regions of the vast country.
Author: T. Kambara
Publisher: Edward Elgar Publishing
ISBN: 1847204317
Category : Business & Economics
Languages : en
Pages : 161
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Book Description
. . . a very detailed and fascinating description of the development of China s oil and natural gas industry and an assessment of its prospects. . . certainly a recommended read. Anthony D. Owen, Asia Pacific Journal of Economics and Business . . . this book should be a part of the library of anyone interested in the Chinese energy system. New Zealand Journal of Asian Studies This is a timely and important book to help enhance understanding of China s petroleum industry and to assess China s energy policy in a more sensible way. Janet Xuanli Liao, The China Journal This is a timely volume. Understanding the oil and gas industry that China has at home is an essential prerequisite to understanding Chinese foreign policy and the future role of China in world oil and gas markets. It is certain to be a major one. From the preface by Ron Oxburgh, Lord Oxburgh of Liverpool, (Climate Change Capital) China s rapid economic development is having profound implications for energy resources. China has always been exceptionally reliant on its abundant coal, but consumption of oil and gas have grown rapidly since reform began in the 1980s. In spite of vigorous domestic development most recently in the Tarim Basin China is now consuming approximately 8 per cent of the world s oil output but producing only 4 per cent. China s emergence as an energy importer has given rise to concerns that it is a major contributor to recent turmoil in energy markets. This book examines China s record of oil and gas development, its refining capacity, and energy prospects. The authors conclude that there are no fundamental reasons for anxiety about China s demands on the world energy economy, but they emphasize that its energy future will depend critically on a continuation of reform and internationalization. China and the Global Energy Crisis is a concise but detailed study of these issues. This book will appeal not only to readers concerned with China and energy issues, but also to a wider readership seeking to understand China s development and its global meaning.
Author: Shankar Sharma
Publisher: Institute of Southeast Asian Studies
ISBN: 9813035927
Category : Business & Economics
Languages : en
Pages : 143
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Book Description
The Gulf crisis has once again drawn attention to the volatility of the world’s largest industry. Even in its aftermath, trends in the world oil market are unclear.Global Oil Trends provides a detailed assessment and long-term perspective of the global oil market in general and the Asia-Pacific market in particular. The 1990 oil crisis is reviewed and the possible impact of growing environmental concerns on the oil industry is discussed. For the last two decades oil demand in the Asia-Pacific region has been the highest in the world and this trend is expected to continue into the future. Global Oil Trends analyses the role of the Asia-Pacific region in the world oil market, discusses the regional oil supply-demand balance, the prospects for the trading of oil products, and the development of the oil refining industry in the region.Global Oil Trends is valuable not only for those in the oil industry but also for academicians, energy planners, university students who are concerned with the global oil situation and the dynamism of the Asia-Pacific oil market.
Author: Cindy Hurst
Publisher:
ISBN:
Category : China
Languages : en
Pages : 23
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Book Description
"During the past several years, China experienced an economic explosion that has triggered a frantic scramble for natural resources to sustain its growth. Currently the world's second largest consumer of oil, only thirteen years ago China did not import any oil at all. In 2004, oil imports to China are said to have increased by 37 percent, which contributed to soaring oil prices around the world. In 2005, China consumed an average of 6.9 million barrels per day (mbd) of oil. By 2025, that amount is projected to increase to approximately 13.2 mbd. That same year China's production level is expected to be approximately 4.0 mbd, which will require the country to have a net import of at least 9.2 mbd. China had managed to be self-sufficient until 1993, meeting all its internal consumer oil needs for the previous five decades due to the discovery of massive oil reserves at the Daqing oil fields in the far north of the country during the 1950s. With the increase in oil consumption, the Daqing oil fields can no longer be relied upon to fully sustain the country in the years to come. With economic growth running at a rate of about nine percent per year, China is now engaged in a massive effort to reach beyond its borders and grab as much oil as possible to ensure its future economic growth. To this end China is directing much of its attention to Russia, Canada, South America, the Middle East and Africa."--Abstract.
Author: Lianyong Feng
Publisher: Springer Science & Business Media
ISBN: 1441994106
Category : Technology & Engineering
Languages : en
Pages : 123
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Book Description
The Chinese Oil Industry: History and Future presents a wealth of tables and figures with new data on Chinese fossil fuel production and consumption, together with a peak oil model to forecast future trends in energy supply and demand. Energy experts in China and the United States provide you with a unique overview of the entire Chinese oil industry. The authors discuss trends in production and consumption of global significance through to the middle of the 21st century, including the energy returned on energy invested (EROI) for China’s oil and gas. The role of oil in the industrialization of China is described as are four phases in the history of the Chinese oil industry. Detailed coverage of resources and exploration, pipeline development, refining and marketing, petroleum and natural gas pricing policies, and international cooperation is followed by consideration of conservation, renewable energy, and environmental impact. The authors also address the importance of coal and the probable future of coal production. - Offers a comprehensive view of the Chinese oil industry - Presents new and previously unpublished data - Covers history and future trends in production and consumption - Introduces a new peak oil model for China - Discusses EROI trend of oil and natural gas and its consequences for the Chinese economy - Written from an objective viewpoint by leading energy experts
Author: Na Rong
Publisher:
ISBN:
Category : China
Languages : en
Pages : 50
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Book Description
At the start of the 21st century, China's oil consumption rose rapidly. The negative impact of the high price of oil on China's economy is becoming more and more apparent. This paper describes the effect of high oil prices on the Chinese economy, and it examines the impact of fluctuations of oil prices on China's Gross Industrial Product per capita through regression analysis. The results show that there are asymmetric effects of oil price changes. Symmetric analysis suggests that every 10% increase (decrease) of oil price leads to approximate 0.4% decrease (increase) of Gross Industrial Product per capita (GIPC). If asymmetric outcomes are permitted, then a 10% increase in the price of oil leads to a 0.69% decrease in Gross Industrial Product per capita of China, but a 10% decrease in the price of oil leads to only a 0.15% increase in GIPC.
Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1475572360
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.
Author: Shane S. Streifel
Publisher: World Bank Publications
ISBN: 9780821334430
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
After the collapse of the Soviet system, the immense problems of environmental pollution in Central and Eastern Europe were widely publicized. Less well known were its effects on health in the region, which have led to a serious health crisis. This report examines the degree to which the pollution adversely affected human health, putting it in the context of other health determinants such as socioeconomic factors, health care standards and availability, and lifestyle factors. Among the numerous pollutants, the report points to lead, dust, toxic gases, and nitrates in rural water supplies as having a significant impact on health in Central and Eastern Europe. The author suggests possible avenues for international action. However, an analysis of the determinants of health reveals that addressing the pollution problems alone will not solve the health crisis. Improving health in this region will depend on the changing economic fortunes of individual countries and the ability of each to create a supportive social environment for its citizens.
Author: Erica Strecker Downs
Publisher: Rand Corporation
ISBN: 0833048325
Category : Political Science
Languages : en
Pages : 83
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Book Description
China's two decades of rapid economic growth have fueled a demand for energy that has outstripped domestic sources of supply. China became a net oil importer in 1993, and the country's dependence on energy imports is expected to continue to grow over the next 20 years, when it is likely to import some 60 percent of its oil and at least 30 percent of its natural gas. China thus is having to abandon its traditional goal of energyself-sufficiency--brought about by a fear of strategic vulnerability--and look abroad for resources. This study looks at the measures that China is taking to achieve energy security and the motivations behind those measures. It considers China's investment in overseas oil exploration and development projects, interest in transnational oil pipelines, plans for a strategic petroleum reserve, expansion of refineries to process crude supplies from the Middle East, development of the natural gas industry, and gradual opening of onshore drilling areas to foreign oil companies. The author concludes that these activities are designed, in part, to reduce the vulnerability of China's energy supply to U.S. power. China's international oil and gas investments, however, are unlikely to bring China theenergy security it desires. China is likely to remain reliant on U.S. protection of the sea-lanes that bring the country most of its energy imports.
