Tham gia một nhìn vào số liệu chính Bắt một va li trên thị trường nguyên tắc cơ bản thu lợi nhuận từ giá dầu thô caothô lỗ dầu chắc chắn là vua của hàng hóa, trong điều khoản của cả hai giá trị sản xuất của nó và tầm quan trọng của nó cho nền kinh tế toàn cầu. | Chapter 11 It s a Crude Crude World Investing in Crude Oil Jn This Chapter Taking a look at key metrics Getting a grip on the market fundamentals Profiting from the high price of crude Crude oil is undoubtedly the king of commodities in terms of both its production value and its importance to the global economy. Crude oil is the most traded nonfinancial commodity in the world today and it supplies 40 percent of the world s total energy needs more than any other single commodity. In fact more barrels of crude oil are traded on a daily basis 85 Million Barrels 2006 figures than any other commodity. Crude oil s importance also stems from the fact that it is the base product for a number of indispensable goods. Gasoline jet fuel plastics and a number of other necessary products are derived from it. The importance of crude oil to the global economy was illustrated during the Arab Oil Embargo of 1973. During that year the Arab members of the Organization of Petroleum Exporting Countries OPEC placed an embargo on crude oil shipments to Western countries. Within a matter of weeks the price of crude oil skyrocketed by 400 percent and a number of industrialized nations were thrown into recessions experiencing high inflation and high unemployment for a number of years thereafter. The oil price shocks of the 1970s and their debilitating effects on the global economy underscored crude oil s indispensability. Oil is truly the lifeblood of the global economy. Without it the modern world would come to a screeching halt. Drivers wouldn t be able to drive their cars ships would have no fuel to transport goods around the world and airplanes would be grounded indefinitely. 170 Part III The Power House How to Make Money in Energy Because of its preeminent role in the global economy crude oil makes for a great investment. In this chapter I show you how to make money investing in what is arguably the world s greatest natural resource. However the oil industry is a multidimensional .
