유가변동이 한국 경제에 미치는 영향 (영문)

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미국에 있을 때 레포트로 작성한 거에요

목차

Introduction
Body
Conclusion

본문내용

Introduction
International cost of fuel constantly goes up and down, however if the fluctuation in fuel prices leads to financial or social panic, it is called “The Oil Crisis” or “Oil shock”. All the countries of the world have gone through the Oil Crisis twice. The Oil Crisis arose from the restriction of oil supply in accordance with war or political reasons among the Middle East nations. (Smith, William. D. 1973)
The Fourth Middle East war triggered off the first oil crisis. OAPEC (Organization of Arab Petroleum Exporting Countries) prohibited to ship oil nations that had supported Israel such as the United States, its allies in Western Europe, and Japan. They used petroleum as weapons to accomplish their political purposes. (Richie Ovendale 2004)
The first oil crisis led to quadrupling of the cost of fuel and the world economy suffered serious losses. Advanced nations organized the IEA (International Energy Agency) to cope with it. The IEA took the lead to start saving petroleum in order to prepare for the second oil crisis which nobody could expect to happen again and to carry out various energy policies such as economy of energy consumption and development of alternative energy of petroleum with the intention of reduction of oil demand. (Richie Ovendale 2004)
At the same time, Korea’ consumption of oil completely depended on the Middle East and economic loss in accordance with restriction of oil supply was unavoidable because Korea was one of the nations that had supported Israel.

참고 자료

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Korea Petroleum Bulletin <http://sabo.oil.or.kr>
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