下面为大家整理一篇优秀的essay代写范文- World Oil Prices，供大家参考学习，这篇论文讨论了世界石油价格。自从上世纪七、八十年代原油价格上涨以来，原油价格一直在变动。投机被认为是油价波动的主要原因之一，油价的炒作导致近期现货价格超调低于预期。而影响波动的另一个最重要的因素则是全球经济衰退，每当全球经济衰退的时候，石油的价格总是会下降。
Summary
The report is a sequel to the recent volatility in world oil prices and whether there are realistic remedies available that would ease out the fluctuations.
Introduction
Is the oil price heading towards $150/barrel or $50/barrel? Crude oil prices always swings in times of demand shortage or oversupply and it has been variable since the price increase of 1970s and 1980s. In 2008 April, the price of crude oil was at $ 92.93 a barrel. By February 2009, it stood at $34.57 and in recent days, it been fluctuating around $ 80.
http://www.51due.net/writing/essay/sample31865.html
What are the reasons behind this volatility?
What can be done about it?
Possible Causes
The following can be considered as the basic cause for oil price responses to the global economy are:-
Improper data
The crude oil consumption/production information has not improved. When we consider about the demand side, the oil consumption data is not certain and they are subjected to revisions with delay in publishing. The data of developing nations like India and China, which are turning out to be the major consumers of oil are less reliable and the problem is becoming shoddier. While on the opposite side, i.e. the supply side the OPEC production level uncertainty enlarge the oil production uncertainty. Therefore the uncertainty of demand and supply add to the oil market volatility by blowing up the oil gap and by increasing speculation.
Speculation
Speculation can be considered as one of the main cause of oil price volatility .Future oil price speculation has led to the overshooting and undershooting of spot prices over the recent period. From the diagram below, which gives the data on volume of oil futures, it is clearly seen that oil futures have grown tremendously. The average intraday trading volume of oil futures in 2002 was four times the demand of oil per day while in 2008 this rise to 15 times the oil demand per day. The above facts can be taken as the clear-cut evidence of the financialization in oil market recently.
Global recession
Another most important factor which has affected the volatility is the global recession. It is seen that there has been 6 global recessions within a period of 3 decades from 1970. The first two recessions occurred in 1974-75 and 1980-82 did not immediately affect the oil price but the other four recessions 1991-93, 1998, 2001, 2008 had an immediate effect and the price of oil crashed down as it became evident that global economy was falling brusquely. The OPEC market power was very much stronger before the 1990’s than that of now and it was easier for OPEC to prevent the volatility in the earlier period.
Conclusion
Let me conclude off by stating again that the recent bizarre volatility in oil prices is a natural response to an unexpected, remarkable change in global economy. Financial tensions and economic flaw have produced a corrosive opinion which could persist to be a risk to the global position. Even though, the global slump can be shortened with effective implementation of policy actions, consumer’s readiness to pay the price for this valuable commodity would always be a factor which cannot rule out oil price volatility.
Solutions and Recommendations
The course of price alteration has not been smooth over time. During the recent years, there had been phases when prices declined by a huge margin, only to increase afterwards. Now then, Will these volatilities continue in the future? “May be” or “may not be”! Nonetheless, we can implement some policies which help to reduce the volatility in oil price and call a halt to the hefty price sways.
l will opine that following recommendations can be considered to reduce the volatility in oil prices:-
Appropriate, international, and accurate data on the demand and supply of oil, can reduce the price volatility.
The financial investors and market regulators need to contribute to improve the clarity, implementation, supervision and finally the demand and supply balance, in the international oil markets.
Reduce oil consumption by improving energy efficiency.
想要了解更多英国留学资讯或者需要英国代写，请关注51Due英国论文代写平台，51Due是一家专业的论文代写机构，专业辅导海外留学生的英文论文写作，主要业务有essay代写、paper代写、assignment代写。在这里，51Due致力于为留学生朋友提供高效优质的留学教育辅导服务，为广大留学生提升写作水平，帮助他们达成学业目标。如果您有essay代写需求，可以咨询我们的客服QQ：800020041。
51Due网站原创范文除特殊说明外一切图文著作权归51Due所有；未经51Due官方授权谢绝任何用途转载或刊发于媒体。如发生侵犯著作权现象，51Due保留一切法律追诉权。-ZR
Summary
The report is a sequel to the recent volatility in world oil prices and whether there are realistic remedies available that would ease out the fluctuations.
Introduction
Is the oil price heading towards $150/barrel or $50/barrel? Crude oil prices always swings in times of demand shortage or oversupply and it has been variable since the price increase of 1970s and 1980s. In 2008 April, the price of crude oil was at $ 92.93 a barrel. By February 2009, it stood at $34.57 and in recent days, it been fluctuating around $ 80.
http://www.51due.net/writing/essay/sample31865.html
What are the reasons behind this volatility?
What can be done about it?
Possible Causes
The following can be considered as the basic cause for oil price responses to the global economy are:-
Improper data
The crude oil consumption/production information has not improved. When we consider about the demand side, the oil consumption data is not certain and they are subjected to revisions with delay in publishing. The data of developing nations like India and China, which are turning out to be the major consumers of oil are less reliable and the problem is becoming shoddier. While on the opposite side, i.e. the supply side the OPEC production level uncertainty enlarge the oil production uncertainty. Therefore the uncertainty of demand and supply add to the oil market volatility by blowing up the oil gap and by increasing speculation.
Speculation
Speculation can be considered as one of the main cause of oil price volatility .Future oil price speculation has led to the overshooting and undershooting of spot prices over the recent period. From the diagram below, which gives the data on volume of oil futures, it is clearly seen that oil futures have grown tremendously. The average intraday trading volume of oil futures in 2002 was four times the demand of oil per day while in 2008 this rise to 15 times the oil demand per day. The above facts can be taken as the clear-cut evidence of the financialization in oil market recently.
Global recession
Another most important factor which has affected the volatility is the global recession. It is seen that there has been 6 global recessions within a period of 3 decades from 1970. The first two recessions occurred in 1974-75 and 1980-82 did not immediately affect the oil price but the other four recessions 1991-93, 1998, 2001, 2008 had an immediate effect and the price of oil crashed down as it became evident that global economy was falling brusquely. The OPEC market power was very much stronger before the 1990’s than that of now and it was easier for OPEC to prevent the volatility in the earlier period.
Conclusion
Let me conclude off by stating again that the recent bizarre volatility in oil prices is a natural response to an unexpected, remarkable change in global economy. Financial tensions and economic flaw have produced a corrosive opinion which could persist to be a risk to the global position. Even though, the global slump can be shortened with effective implementation of policy actions, consumer’s readiness to pay the price for this valuable commodity would always be a factor which cannot rule out oil price volatility.
Solutions and Recommendations
The course of price alteration has not been smooth over time. During the recent years, there had been phases when prices declined by a huge margin, only to increase afterwards. Now then, Will these volatilities continue in the future? “May be” or “may not be”! Nonetheless, we can implement some policies which help to reduce the volatility in oil price and call a halt to the hefty price sways.
l will opine that following recommendations can be considered to reduce the volatility in oil prices:-
Appropriate, international, and accurate data on the demand and supply of oil, can reduce the price volatility.
The financial investors and market regulators need to contribute to improve the clarity, implementation, supervision and finally the demand and supply balance, in the international oil markets.
Reduce oil consumption by improving energy efficiency.
想要了解更多英国留学资讯或者需要英国代写，请关注51Due英国论文代写平台，51Due是一家专业的论文代写机构，专业辅导海外留学生的英文论文写作，主要业务有essay代写、paper代写、assignment代写。在这里，51Due致力于为留学生朋友提供高效优质的留学教育辅导服务，为广大留学生提升写作水平，帮助他们达成学业目标。如果您有essay代写需求，可以咨询我们的客服QQ：800020041。
51Due网站原创范文除特殊说明外一切图文著作权归51Due所有；未经51Due官方授权谢绝任何用途转载或刊发于媒体。如发生侵犯著作权现象，51Due保留一切法律追诉权。-ZR
※コメント投稿者のブログIDはブログ作成者のみに通知されます