The Dilemma of the Oil Market in the Current Geopolitical Context
Journal Title: Academic Journal of Economic Studies - Year 2017, Vol 3, Issue 2
Abstract
In an increasingly globalized world, where the effects of technology have an overwhelming impact on people's lives, meaning an increase in appetite for consumption of luxury goods, of lifestyle, it seems that conventional resources are becoming fewer and their use in industrial processes lead to environmental harm, at least from pollution. Essentially, oil prices influence governments, companies, and markets of raw materials markets of finite economic goods, markets of conventional and unconventional energy and an assumed oil crisis would lead to stronger inflections on the market, with repercussions on the overall level of prices, the oil price being generally regarded as decisive for the other prices in the economy.
Authors and Affiliations
Cristina Teodora Balaceanu, Daniela Penu
Keywords
Related Articles
- EP ID EP178105
- DOI -
- Views 89
- Downloads 0
The Impact of Liquidity on Performance of Commercial Banks in Ghana
The concept of liquidity and profitability are two critical concepts in finance literature especially in banking sector. Finance assumes an inverse relation between liquidity and profitability even though several empiric...
Effects of Oil Price, External Debt and Population on the Government Investment in Syria
This study attempts to investigate the effect of oil price, external debt and population on the government investment in Syria over the period 1970-2010. The Johansen cointegration test showed that oil price, external de...
The Pricing Evolution in the Air Transportation Industry. Implication for the Romanian Tourism Sector in the Era of Globalization
The globalization process involves the liberalization of the services and the air transportation industry is responsive to this reality. There is a developing tendency for global alliances and strategies in major airline...
The Development of the Digital Economy in the Context of Regional Development in Romania
Romania aims to make the digital economy a leading place in the new architecture of regional development. This will in fact contribute to the development of a high quality regional and local management that will be refle...
Company Age and Voluntary Corporate Social Disclosure in Nigeria: A Study of Selected Listed Manufacturing Firms on the Nigerian Stock Exchange
The study investigates the effect of company age on voluntary corporate social disclosure among selected listed manufacturing firms on the Nigerian Stock Exchange. The specific objectives of the study is to ascertain the...