Middle East and Africa Development Report No.8 (2004-2005): International Experiences in Preventing Oil Crises

Author: Yang Guang
Publisher:
Publish Date: 2005-10-01
Features: This book compiles the latest research findings of domestic experts and scholars on Middle Eastern, African, and related issues. Their review and analysis of the Middle Eastern political, economic, and international situations following the surge in oil prices, as well as their predictions on the future development of these regions, are comprehensive, detailed, and objective. This annual report focuses on "International Experiences in Preventing Oil Crises," with approximately 300,000 words.
As the world enters the 21st century, the shadow of an oil crisis reappears. Since 2000, due to various complex reasons, international oil prices have steadily risen, surging from less than $20 per barrel to surpassing the $60 per barrel mark. Since 2004, global oil production has nearly reached the limit of existing production capacity. World energy security faces another severe test, and preventing oil crises once again becomes a major issue before us. The purpose of this report is to summarize the existing international experiences in preventing oil crises and further explore strategies for mitigating such crises.