NDLI: Influence of Petroleum Price Fluctuation to Main Petroleum-Consumed Industries in USA

Content Provider	IEEE Xplore Digital Library
Author	Niu Jianying
Copyright Year	2010
Abstract	USA is a country seriously relied on petroleum energy. Several historical petroleum crises had caused huge negative influence, more or less, to USA economy, these urged USA government to establish a comprehensive petroleum crisis coping mechanism International petroleum price fluctuated dramatically, especially, international petroleum price fluctuation range in whole year of 2008 exceeded those of three petroleum crisis of last century. By studying influence of all previous petroleum crises to USA petroleum-consumed industries, this paper comes to following conclusion: Increasing of petroleum price all-round reduced production added value of road transportation, chemical industry and aviation industry in USA, brought adverse effect to these industries. USA highway transportation industry has a relative weak capability to cope with petroleum price increasing, and recently, affected seriously by petroleum price increasing. International petroleum price rise had caused each industry's expense to petroleum increasing constantly, and resulted in added value reduction. Affect by international petroleum price increasing to main petroleum-consumed industries is under weakened.
Starting Page	1
Ending Page	4
File Size	307387
Page Count	4
File Format	PDF
ISBN	9781424453252
DOI	10.1109/ICMSS.2010.5577085
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-08-24
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Industries Economics Energy consumption USA Councils Transportation Production Petroleum
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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