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Europe's Energy Dependence in the Current Petroleum Crisis

Author

Listed:
  • Nistor Costel

    () (“Dunarea de Jos” University of Galati, Faculty of Economic and Business Administration)

  • Muntean Mihaela-Carmen

    () (“Dunarea de Jos” University of Galati, Faculty of Economic and Business Administration)

  • Nistor Rozalia

    () (“Dunarea de Jos” University of Galati, Faculty of Economic and Business Administration)

Abstract

Sovereign between fuels, raw materials for industry leading longed important factor in the prosperity of peoples, "black gold" dominates contemporary civilization economy and authority, creating a true "oil era". Increasingly acute thirst for oil, caused, on the one hand, depletion of natural reserves and the increasing consumption on the other hand, is mobile efforts by developed countries to control more and more states in the Middle East, where are the main source of world oil. Almost half of the total mineral raw materials are the oil extracted. Because of this modern petroleum economy, direct or indirect influence on the development and location of the European economy.

Suggested Citation

  • Nistor Costel & Muntean Mihaela-Carmen & Nistor Rozalia, 2011. "Europe's Energy Dependence in the Current Petroleum Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 938-941, May.
  • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:938-941
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    More about this item

    Keywords

    enery; crisis; oil; petroleum product;

    JEL classification:

    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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