Analysis of world oil markets Flexibility in the light of quantitative indicators

	Analysis of world oil markets Flexibility in the light of quantitative indicators
magazine of college Administration&Economics for economic &administration & financial studies
Article 1, Volume 322, Issue 1, 2009, Pages 38-75
Abstract
Acquire the crude oil market, like that, like many commodities, agricultural, which has been associated most of their production to developing countries and including Iraq, of exceptional importance in economic analysis is somewhat different methods of analysis of conventional and Nlk as they are described as resources are depleted non-renewable in some calling it the items a political sense that the production and marketing is subject to considerations of international policy towards the oil producers in the world, in the absence of freedom of the state in determining the best policies to be used in the production and marketing, countries of Western oil-importing and backing its giant control of the capabilities of the oil industry and guide the production policy and prices in order to achieve its interests over more than a century, prompting some to say that the role of oil could be negatively of belonging to it can be a wealth of job a curse for the owners, in addition to that the production of this item is subject to the considerations forming more than undergoing considerations of price, and more precisely, the production of this item depends on the production capacities of the wells, oil, and on the policies of producing countries and to the roofs of production set by the organizations and cartels of oil and to the proven oil reserves and is likely, and so on, then comes then the role of world prices for oil. The demand for crude oil is the other depends on considerations not price comes in the forefront of world economic situation and location of the economic cycle, weather, climate and production capacities of plants and energy storage of the importing countries and the multiplicity and the renewal of alternative energy sources and the diversity of industries dependent on crude oil as an energy source and raw material etc. , then after that comes the role of world prices for oil. This Privacy Policy may be paid a researcher to look at the analysis of elasticities of supply and demand for crude oil lens new fits with this Privacy Policy so-called (elasticities quantity of oil prices) may seem at first glance unusual in economic analysis which is based on considering the price is specified more important for the quantities offered and quantities required of various commodities, as is this view on the idea of a reflection of the situation, ie, the price is a product of the quantity offered and the quantity required for this item and is not specific to them which is an initial attempt to search for ways of dealing Economic and Social Council with this type of strategic commodities and of the utmost importance both for the producer or the consumer , being doomed to depletion of goods and non-renewable, and their alternatives are few and incomplete substitution and economic and social costs of high interest in making the codification of production and consumption is extremely important.

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