DocumentCode :
3466248
Title :
Structural Model for Oil Price: Explanation of the Skyrocket from 2003
Author :
Hui Yao
Author_Institution :
Sch. of Manage., Fudan Univ., Shanghai
fYear :
2008
fDate :
12-14 Oct. 2008
Firstpage :
1
Lastpage :
4
Abstract :
In this paper, we set up a structural model to explain the recent trend of oil price, and find out that the supply (demand) over 80 million barrels per day is the main reason for this skyrocket. Finally, we predict the future price using Monte Carlo simulation.
Keywords :
petroleum industry; pricing; supply and demand; Monte Carlo simulation; oil price skyrocket; structural model; supply and demand; Acceleration; Asia; Economic indicators; Industrial economics; Macroeconomics; Manufacturing industries; Petroleum; Power generation economics; Production; Statistics;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
Type :
conf
DOI :
10.1109/WiCom.2008.2260
Filename :
4680449
Link To Document :
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