Oil prices and its dependence on oil reserves

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Oil prices and its dependence on oil reserves

Popis výsledku v původním jazyce

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).

Název v anglickém jazyce

Oil prices and its dependence on oil reserves

Popis výsledku anglicky

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).

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Scientific Papers of the University of Pardubice. Series D. Faculty of Economics and Administration

ISSN

1211-555X

e-ISSN

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Svazek periodika

2011

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

10

Strana od-do

155-164

Kód UT WoS článku

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EID výsledku v databázi Scopus

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