- Three Factors Are Wrestling International Oil Prices Bullish Strong Power
Three Factors Are Wrestling International Oil Prices Bullish Strong Power
- By Lanbo Jiang
- Published 04/25/2012
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In fact, Egypt social unrest from the biggest influence on international, not the Suez Canal, but this kind of unrest short-term closed as dominoes as in the Arab and islamic nations spread. As is known to all, the Middle East is always of the world's oil major oil-producing areas, geopolitical events will seriously affect the normal oil production, and caused by the uncertainty and will further sparked international oil prices bullish.
Since America and Iran still insist on their respective positions, the latest round of Iran's nuclear talks to naught, Iran's nuclear issue therefore also sparked international oil shocks major factors. Can foresee, if Iran and western relationship again by more and more international sanctions worsening, inevitably will. So, the international oil prices will rapidly sharply.
In determining the international oil price movements three wrestling factors, have a kind of constitute the international oil prices pressures. This is the global economic recovery foreground is not optimistic, and new energy momentum of development.
Earlier in the davos world economy end BBS meeting, from all over the world heads of government and social elite debate world economic recovery prospects. Analysts believe that although the current global economy is recovering, no second agent at the bottom of the trouble back at home, but they are confronted with hot dual test, the way to recovery is not flat, and the economic development of the world center of gravity is gradually from west to east, bysouthing north metastasis.
The United Nations department of economic and social affairs issued 2011 the world economic situation and outlook report, this year's world economic growth for 3.1%, than last year's 3.6 percent drop. At the same time also estimates, although the United States is from the second world war since the most lasting and deepest degree recessions recovery, but recovery speed slow unprecedented,
Since the financial crisis since China has become a global economic growth to pull the most important engine, China's oil demand has also become support international of high oil prices is the most fundamental factor. China customs administration announced the latest statistics show that January 2011 in China imports of crude total to 2180 tons, annulus increase 4.5%, more than 27 percent year-on-year growth rate, which indicates that the 2011 China's oil demand is still very strong, however, China's new oil demand cannot fully offset America, Japan and other developed economies have reduced oil consumption. Therefore, the global economic slowdown in fact will lead to international oil prices appear even fall through.
The traditional gas-guzzling, high pollution model of economic development has been confirmed as the unsustainable as fossil energy alternative energy resources, the rapid development of new energy can be reduced to the world the huge demand for fossil energy is not only beneficial to protect the environment, but also help restrain international oil prices rise rapidly. At present, such as solar power, nuclear energy, water, wind and biomass energy and other new energy has experienced rapid development phase, "base small, faster" is the biggest characteristic in this period. Since the Copenhagen conference, international society since energy saving and emission reduction growing calls to the extent was effectively inhibited future international oil prices rising fast momentum.
However, the new energy development space still is relatively limited, estimate the best development period or will appear in international oil price break, and then, after 100 new energy appear large-scale development time just the most mature. Therefore, in the next ten years, oil and other fossil energy in the world economic development process will still dominant, and petroleum as industrial "black blood" status will not change.