About: Oil prices and its dependence on oil reserves

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	Oil is a strategic raw material with many uses, mainly as a source of energy. As such energy source nowadays it cannot be replaced efficiently. More often oil is a reason for wars and disputes. It is exhaustible source of energy, with reduction in time. Lower supply and growing price are thus interconnected. Article is trying to find dependence of oil price on its reserves and predict the possible price development in the future, based on historical data about reserves and average oil prices. First, an oil production sector is analyzed, using SWOT analysis and analysis of offer and demand. On the side of offers there are countries named with biggest oil fields and than world supply as a whole. On the side of demand biggest oil users are defined and development of world needs for this raw material. Next, using Pearson correlation and Spearman ranks correlation coefficient a research was performed on dependence of two values (average oil price and oil supply during each year since 1980). Using polynomials a chart is build regarding future oil pricing, calculated from past development of quantities mentioned. Oil is a strategic raw material with many uses, mainly as a source of energy. As such energy source nowadays it cannot be replaced efficiently. More often oil is a reason for wars and disputes. It is exhaustible source of energy, with reduction in time. Lower supply and growing price are thus interconnected. Article is trying to find dependence of oil price on its reserves and predict the possible price development in the future, based on historical data about reserves and average oil prices. First, an oil production sector is analyzed, using SWOT analysis and analysis of offer and demand. On the side of offers there are countries named with biggest oil fields and than world supply as a whole. On the side of demand biggest oil users are defined and development of world needs for this raw material. Next, using Pearson correlation and Spearman ranks correlation coefficient a research was performed on dependence of two values (average oil price and oil supply during each year since 1980). Using polynomials a chart is build regarding future oil pricing, calculated from past development of quantities mentioned. (en)
Title	Oil prices and its dependence on oil reserves Oil prices and its dependence on oil reserves (en)
skos:prefLabel	Oil prices and its dependence on oil reserves Oil prices and its dependence on oil reserves (en)
skos:notation	RIV/70883521:28120/11:43867809!RIV12-MSM-28120___
http://linked.open...avai/predkladatel	Fakulta managementu a ekonomiky
http://linked.open...avai/riv/aktivita	S
http://linked.open...avai/riv/aktivity	S
http://linked.open...iv/cisloPeriodika	4
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Virglerová, Zuzana Polách, Jiří
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Univerzita Tomáše Bati ve Zlíně / Fakulta managementu a ekonomiky
http://linked.open...dnocenehoVysledku	217848
http://linked.open...ai/riv/idVysledku	RIV/70883521:28120/11:43867809
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	oil, supply, price, economic, consumption (en)
http://linked.open.../riv/klicoveSlovo	consumption economic oil price supply
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[B12EE0BC2595]
http://linked.open...i/riv/nazevZdroje	Scientific Papers of the University of Pardubice. Series D. Faculty of Economics and Administration
http://linked.open...in/vavai/riv/obor	AE
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	2011
http://linked.open...iv/tvurceVysledku	Polách, Jiří Virglerová, Zuzana
issn	1211-555X
number of pages	10 (xsd:int)
http://localhost/t...ganizacniJednotka	28120
is http://linked.open...avai/riv/vysledek of	Oil prices and its dependence on oil reserves Oil prices and its dependence on oil reserves

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