The Oil Market – the Important Phenomena of the Globalisation of the World Economy?

Year, pages: 2005, 861 - 879

This study is devoted to analysis of different aspects of world oil market development and its role in growth of national economies. This study shows individual aspects and parts of oil market, be it production and consumption of crude oil and its territorial dislocation. It analyses the connections with the growth of competition ability of companies and the establishment of crude oil price and to the most important aspects on which depends it. The study comes to a conclusion that the biggest obstacle in using the crude oil will not be its availability, at least in the short run, but the ever fast increasing price. This high price will enable the use it only to such subjects that will be able to implement the oil in the production process with high efficiency. Such conditions satisfy only products and services that are based on unique technical and scientific know-how, with high added value, etc.

Baláž, P., Londarev, A. 2005. The Oil Market – the Important Phenomena of the Globalisation of the World Economy?. In Ekonomický časopis/Journal of Economics, vol. 53, no.9, pp. 861-879. 0013-3035.

Baláž, P., Londarev, A. (2005). The Oil Market – the Important Phenomena of the Globalisation of the World Economy?. Ekonomický časopis/Journal of Economics, 53(9), 861-879. 0013-3035.