Oil prices and its dependence on oil reserves
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F11%3A43867809" target="_blank" >RIV/70883521:28120/11:43867809 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Oil prices and its dependence on oil reserves
Original language description
Oil is a strategic raw material with many uses, mainly as a source of energy. As such energy source nowadays it cannot be replaced efficiently. More often oil is a reason for wars and disputes. It is exhaustible source of energy, with reduction in time.Lower supply and growing price are thus interconnected. Article is trying to find dependence of oil price on its reserves and predict the possible price development in the future, based on historical data about reserves and average oil prices. First, anoil production sector is analyzed, using SWOT analysis and analysis of offer and demand. On the side of offers there are countries named with biggest oil fields and than world supply as a whole. On the side of demand biggest oil users are defined and development of world needs for this raw material. Next, using Pearson correlation and Spearman ranks correlation coefficient a research was performed on dependence of two values (average oil price and oil supply during each year since 1980).
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Scientific Papers of the University of Pardubice. Series D. Faculty of Economics and Administration
ISSN
1211-555X
e-ISSN
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Volume of the periodical
2011
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
10
Pages from-to
155-164
UT code for WoS article
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EID of the result in the Scopus database
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