Chengyu: Oil prices will continue to rise pressure

"Caijing reporter wants to snow plum" February 23, in the China International Economic Exchange Center held monthly economic talks, China Ocean oil company general manager Chengyu said, because of liquidity, the dollar weak, people's expectations of the dollar depreciation, overall, the oil price will continue to rise. Since the onset of the international financial crisis, global commodity prices have undergone a reversal from plunging to soaring, Chengyu said.　　Oil is an important component of commodities, and the impetus behind its price needs to be seen in terms of overall global economic development and changes in the global economic landscape. First, the rising oil price is the inevitable result of the global economic development, and it is a natural result and development process of the Governments of the world in the financial crisis to work together to govern the crisis.　　After adjustment, the global economy has formed the pattern of the new World economic structure-trade pattern, at the same time, the independent financial system is forming, the fictitious economy becomes a main support in the financial field. Secondly, global economic governance has not changed since the restructuring of the global economy, leading to new imbalances in the global economy.　　An important phenomenon over the years is that the rise in oil prices is not a result of demand-driven growth in the supply-demand relationship, which is due to excessive liquidity. In the long run, demand will dominate oil prices. This is now a new round of industrialization, a large number of people in a short period of time to achieve industrialization, resources, energy consumption is unimaginable.　　So far, 1.15 billion people in the OECD countries are consuming world resources, and if it is oil, it consumes 53% of the world's oil. Chengyu mentioned that in the world now the average person consumes 17 barrels of crude oil each year, China is 2.35 barrels, the United States is 22.18 barrels, is nearly 10 times times China. If developing countries were to raise consumption levels to 1/3 per cent of the average in developing countries, global oil growth would require 20 million barrels a day, a situation in which oil prices would not be able to come down.　　With liquidity, the dollar weak and people's expectations of a weaker dollar, the overall price of oil will continue to rise. "So, in this field, we should not only vigorously develop clean energy, green and renewable energy, but also conserve resources," Chengyu said, "We have very large potential for energy-saving emission reduction, one is the energy production and different forms of energy conversion process is too inefficient, need to save, Increase the efficiency of energy resources, the other is energy consumption, especially from the city to the community, units, households, in the energy consumption of the waste is particularly large, this area still has a very large space. "" The Author: "Caijing" reporter to Snow Plum "