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
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