The impact of oil price dynamics on global economy

Table of Contents

I. Outline

II. List of figures

III. List of tables

IV. List of abbreviations

1 Introduction
1.1 Research problem
1.2 Course of investigation

2 Oil price dynamics
2.1 Oil price formation
2.1.1 Oil prices as dynamic market prices
2.1.2 Oil supply and demand
2.1.3 Role of expectations and speculation in price formation
2.2 Oil prices from 1970s until today

3 Oil and the global economy
3.1 Usage and relevance of crude oil and refined products
3.2 Importance of oil for transportation
3.3 Oil use in the industrial sector and other usage
3.4 Relevance of oil for emerging markets

4 Economic impacts of oil price dynamics
4.1 Concerns about longer-term fluctuations and sharp price rises
4.2 Consequences for oil exporters and importers
4.2.1 Negative influences on oil- importing countries
4.2.2 Special vulnerability of emerging markets
4.2.3 Positive influences on oil-exporting countries
4.3 Net effect on global economy

5 Conclusion
5.1 Summary
5.2 Critical acclaim
5.3 Outlook

V. Glossary

VI. List of references