1. Introduction
1.1 Way of Posing a Problem
Today’s global economy depends on nearly one single resource: oil! Oil is the main driving force of the global economy.
The global hunger for raw materials is increasing particularly in fast growing economies such as China, India or even Brazil. Globalization, the growth of population and the ever-advancing technologies are the main reasons for this growth in demand. Experts estimate that for example, China’s demand for energy will triple by 2020. Commodities, especially oil, are scarce goods on the world markets. This becomes apparent, above all, by soaring commodity prices. In the next few years the pace of growth in China’s demand for oil could be a key factor contributing to further increases in the prices for crude oil and refined petroleum products. Those price increases could affect the demand for petroleum and influence the investment decisions of refiners worldwide.
Oil is a finite resource. The following paper deals with the question of the effects and impact on the global oil market associated with the rising demand for raw materials and economic growth in China.
1.2 Research Objective and Thesis organisation
The aim of this bachelor thesis is to clarify the effects of to the growing demand for oil on the global market. China, a country that is currently experiencing an incredible rate of economic growth, serves as a dynamic example. This situation results in a series of questions the answers of which must be based on an extensive knowledge of the global resources of raw materials to produce energy and also on their availability. It also needs some insight into the regularities of the market for energies, its way of operation and its variables. This thesis starts by describing the formation of oil to make transparent that the genesis of oil comprises a long time interval, which makes oil therefore a precious good. Oil consumption as well as the distinction between the terms reserves and resources play here an important role. The social relevance of oil and the oil peak in the subsequent chapters, are an important basis to understand price and market developments. The chapter "Trading with Oil-the global oil market” is to give an insight and overview of the current oil market and the underlying system. ......
Inhaltsverzeichnis (Table of Contents)
- 1. INTRODUCTION
- 1.1 WAY OF POSING A PROBLEM
- 1.2 RESEARCH OBJECTIVE AND THESIS ORGANISATION
- 2. OVERVIEW OF OIL
- 2.1 OIL RESERVOIRS AND OIL PRODUCTION
- 2.2 OIL CONSUMPTION
- 2.3 RESERVES, RESOURCES AND GLOBAL ALLOCATION OF OIL
- 3. OIL AND ITS SOCIAL IMPACT
- 3.1 THE MODERN HISTORY OF OIL
- 3.2 THE FIRST WORLD WAR
- 3.3 THE SECOND WORLD WAR
- 3.4 THE TWO WORLDWIDE OIL CRISIS
- 3.5. TODAY'S SITUATION
- 4. THE OIL PEAK
- 4.1 PEAK OIL FORECASTS AND THEORIES
- 4.2 CONSEQUENCES OF THE PEAK OIL
- 4.3 CRITICISM OF PEAK OIL
- 5. TRADING WITH OIL- THE GLOBAL OIL MARKET
- 5.1 PLACE OF TRADING, FORM OF TRADING AND LOGISTICS
- 5.2 PRICE FORMATION
- 5.3 ASIAN ENERGY MARKETS- AN OUTLOOK
- 6. THE ROLE OF ALTERNATIVE ENERGIES IN CHINA
- 7. CHINA'S THIRST FOR OIL - THE WAKENING OF THE PETRO DRAGON
- 7.1 CHANGES IN CHINA'S OIL MARKETS
- 7.2 HOW TO COVER CHINA'S RISING OIL CONSUMPTION - A GEOPOLITICAL QUESTION
- 7.3 RISING OIL CONSUMPTION-CONSEQUENCES AND IMPACT ON THE Global Oil MarkET
- 7.3.1 POLITICAL CONSEQUENCES
- 7.3.2 ENVIRONMENTAL CONSEQUENCES
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This bachelor thesis aims to analyze the impact of China's growing demand for oil on the global oil market. China's rapid economic growth and the related increase in energy consumption create a complex situation, necessitating a thorough understanding of global energy resources, market dynamics, and the role of oil in the global economy. The thesis focuses on the formation of oil, consumption patterns, the concept of peak oil, the global oil market, and China's role in shaping the future of the oil market.
- The formation of oil and its finite nature.
- The increasing demand for oil and its social impact.
- The concept of peak oil and its potential implications.
- The dynamics of the global oil market and price formation.
- China's rising oil consumption and its impact on the global oil market.
Zusammenfassung der Kapitel (Chapter Summaries)
The thesis starts by introducing the problem of increasing oil demand, particularly in China, and its potential impact on the global oil market. It then delves into the fundamentals of oil, including its formation, reserves, and consumption patterns, highlighting the importance of understanding these factors for comprehending the oil market dynamics. The paper further explores the social impact of oil, encompassing its historical role in wars, economic development, and the emergence of the two worldwide oil crises. Moving on, the thesis delves into the concept of peak oil, outlining different forecasts, potential consequences, and criticisms associated with it. The global oil market is then analyzed, focusing on trading practices, price formation, and the evolving role of Asian energy markets. The thesis concludes by examining the role of alternative energies in China, followed by an in-depth analysis of China's rising oil consumption and its potential impact on the global market. This final chapter explores both political and environmental consequences of China's growing demand for oil, providing a comprehensive overview of the challenges and opportunities presented by China's role in the global energy landscape.
Schlüsselwörter (Keywords)
The primary keywords and focus topics of the thesis are oil, energy consumption, peak oil, global oil market, China, economic growth, geopolitical implications, environmental impact, alternative energies, and resource scarcity. The thesis centers on the interplay of these factors and explores the complex relationship between China's rising oil demand and the future of the global oil market.
- Citar trabajo
- Carina Schlesing (Autor), 2011, China´s Rising Oil Consumption and its Impact on the Global Oilmarket, Múnich, GRIN Verlag, https://www.grin.com/document/189349
