Ridge of high oil prices of 2004: under a 183815-54-5 monopoly system, the 183815-54-5 economic energy doors|||branded in 2004, Chinas economic development process in a 183815-54-5 deep imprint, is the 183815-54-5 lingering high oil prices throughout the 183815-54-5 year, the 183815-54-5 electricity shortage and coal tension. with the 183815-54-5 very language of scholars in China is already facing serious economic development, energy bottleneck of high oil prices of electricity shortage Mei Huang, an economic development energy doors this year, the 183815-54-5 NDRC raised the 183815-54-5 retail price of gasoline twice, and now around the country prices have reached a 183815-54-5 state in 2000 to implement the floating oil price since the highest point in the first price adjustment, the Chinese Academy of Social Sciences scholars Yi Xianrong drivers drive on the calculations: 150 liters per month per vehicle fuel consumption estimates, per vehicle per month to pay 40 yuan, the driver of the country at least a 183815-54-5 month to pay 10 billion yuan. And, after two price increases, the cost will double. people fear is the most intense taxi driver, and the days getting tight, because the addition of a 183815-54-5 few hundred a 183815-54-5 month on petrol, while many companies because of higher oil prices and to bear the cost pressure. high oil prices when the hot roast , continued from last years electricity shortage in the country spread. Looking back, the history of China from the lack of electricity in 1998, and now it does not seem like much, remember the year it seems there is a 183815-54-5 short-lived policy of encouraging electricity Since then, in order to split the State Power Corporation for the drastic reform of the electricity reform objectives, however, an instant, China has quietly ushered in a power shortage among this year, growing power shortages, power cuts appeared in the country most provinces, residents from the manufacturer to the people, all for the price in a rising worry about the channel, while the research data is still said it expects 2005 and 2006, respectively, the national electricity demand growth of 7% to 11% and 6% -9% in this case , has been concerned about Chinas electricity reform Professor Liu Jipeng even said, electricity is being turned into a public crisis, China is experiencing power shortage period has become an indisputable fact. coal oil is closely linked to stress, this year , due to coal shortage, a large number of private capital in Shanxi and other places began to rush to fame and fortune, Wenzhou fried coal group a new term this year at the same time, repeated, one after another of mine once again shocked the Chinese peoples heart, but also highlights the background of the coal shortage in China Coal Transportation Association data shows that coal consumption in 2004 amounted to 1.78 billion tons of coal consumption increased with the amount of traffic bottlenecks hinder, the tight coal supply more crucial, especially After entering the winter, with the heating needs of the northern region, many parts of the emergency coal storage on 6 December 2004 when the NDRC issued an urgent document to coordinate Chinas current coal transportation tension, while at the same time there are data that , is expected next year coal supply gap will be 80 million tons, while the recently published <2004 China Industrial Development Report>
data is provided by the taut nerves of Chinas energy sector: in 2004 the Chinese industry, showing some of the outstanding characteristics, significant growth of heavy industry, light industry profit levels fall; Meidianyouyun full tension, structural contradiction; international trade frictions increase, new trade barriers continue to emerge. The report predicts that Chinas industrial developments energy and mineral resource constraints will become increasingly serious problem in 2010 and 2020, the gap between supply and demand are: about 170 million tons of oil and 2.5 million tons; coal, about 2.6 million tons and 5.5- 570 million tons; natural gas remained in 2010 to supply the gap in 2020 is 65 billion cubic meters. all this was attributed to Chinas rapid economic development of basic energy needs for expansion, the most typical than New York crude oil futures when the oil boom, the international public opinion throws the troubles on China demand, this was classified as the Chinese economy is too heavy-duty, many scholars have made over this heavy-duty on the economic development potential worry, but the energy is only because of domestic demand and the contradiction between the economic structure caused? high oil prices, electricity shortage, Mei Huang focus on the outbreak, is this a coincidence? or institutional shortcomings and mistakes in investment decisions? This year, on the energy system and energy policy Reflection is not about the ear. a major petroleum producer who brought embarrassment to China, high oil prices? this year, so that energy which the most sensitive nerve, was undoubtedly the price of oil, then we took the oil is said high oil prices really the international oil prices and domestic demand caused it? Chinas current oil prices are in New York, Singapore, Rotterdam, three-weighted average price of refined oil formulated on the basis, the three weighted average price rose by more than 8% after Development and Reform Commission in the three places on the basis of the weighted average price plus freight to develop domestic oil benchmark prices, PetroChina and SINOPEC to the standard price, based on the up and down within the range of 8% of the development of specific price. However, our current implementation of the refined oil prices and international standards on the price level is just a simple integration, rather than the price formation mechanism of integration. linked to oil prices and the three single market can cushion the price volatility, but this pricing still is a government action, rather than market behavior, which to some extent reflect the international market price fluctuations, but with a lag, the most important thing is out of line with the domestic supply and demand. to oil imports, for example, China is Asias largest oil importing countries, imports of refined oil shipped the same day and shipping is usually two days before and after five days of Platts Singapore fuel oil spot price of the weighted average settlement price as the two sides, while the Singapore market is clearly not reflect our finished products market supply and demand of crude oil imports, as in China, crude oil imports has mainly through four state-owned oil import and export rights for the traders, ie under Sinopec, China United Petrochemical Company, CNPC of China under joint oil company, China National Chemical Import and Export Corporation and Zhuhai Zhen Rong Company. four companies buy crude oil from international markets, suppliers are generally signed with a spot in the long-term contracts, and less use of futures method, while the trading prices often based on delivery day and two days before and after five days of a weighted average price of international market prices prevail. It is understood that Chinas oil import and export trading rights, there are strict restrictions, only the four major oil companies have a monopoly of foreign trade rights Almost all the other oil companies import business, companies are required by the four agents. four companies according to a certain percentage of the total turnover of agency fees charged, so in a sense, the level of international oil prices and oil imports not directly related to exporting companies, from the perspective of interest, high oil prices put pressure on them not because of the monopoly system, the cost can be easily passed on to downstream and end-users, but high oil prices can be more agents money, so oil imports from the mechanism, the enterprises lack the power to avoid price risk, while domestic oil prices and international crude oil prices linked with its own costs not directly related to mining. In addition, because China does not join the international crude oil futures trading system, China has long not the ability to control the international crude oil prices, although the impact of high oil prices in the two under the China debut in Shanghai fuel oil futures, but has yet to form the ability to intervene in international prices, until now, large proportion of Chinese crude oil imports, but the price in a full state of drift, a major importer of oil does not have a say in international oil prices, international oil price rise, oil prices on China along with fever, and this fever is not reflected in the domestic market demand, because in the international crude oil pricing system does not say, Chinas crude oil imports have been caught in a buy or not buy off the cycle number of international hot money in China, the international crude oil is often also take the opportunity to purchase raise the price of oil, this buying cycle again this year be verified, but also for the troubles on Chinese demand, high oil prices laid excuse from the National Bureau of Statistics show that from January to September this year, due to International crude oil prices, China has paid $ 13 billion more than this, but who will bear this cost ultimately it? who ultimately pay for the downstream industry and domestic consumers in the country people to bear the cost of high oil prices at the same time, we see that this year, petroleum and petrochemical business profits soaring to a staggering rate, the major oil giants are the main economic indicators reached a record high. monopoly enlarge the shadow of institutional energy energy crisis we are again plagued China look at the so-called oil shortage due to the right of all to grasp the wholesale of refined oil in the oil and Sinopec, the two companies in order to effectively control the profits, took profits in the wholesale segment, retail and wholesale practice of subsidies so that the wholesale set the price too high, the two groups have their own gas station profit margins shrink, just to maintain normal operation, but the two groups within the accounting system maintained by the overall profitability, while for the oil only from the two groups into the social enterprise and words, this approach almost forced them on the road to ruin. We also note that during the oil shortage this year, many gas stations oil sources of social disruption, frequently hang out oil notice, and at the same time, there are a large number of domestic refined oil in exports, while domestic demand in order to meet the actual vacancy, oil smuggling after another, so that there is more than a scholar in the field of oil, PetroChina, Sinopec two major oil companies to use its dominant position, they of enterprises outside the oil monopoly, or monopoly in disguise, in the sale of petroleum products implemented on the internal price, limiting the oil industry, orderly and effective competition. In fact, crude oil imports, to the onshore exploration and development, oil refining, finished wholesale and retail oil fields, are the two groups duopoly structure in the oil industry, market competition is not very full, so basically, this years high oil prices, panic enveloped the country, only monopoly system manufactured and magnified shadows, while electricity and coal is it not? Professor Liu Jipeng studies suggest that the reform from the perspective of power, up to five years seesaw electricity reform has finally achieved national power company split target, but because of the power project and the approval of electricity are in government departments, in fact, the former state power monopoly of the companys corporate organization is only appearance, the root cause of Chinas power monopoly is the administrative monopoly, therefore, despite the split of the State Power Corporation, but only to change the body does not reform. administrative monopoly in Chinas power not only failed to break the essence, but also to further strengthen the trend of electricity reform and the real goal is to provide inexpensive high-quality consumer product, which can only rely on the cultivation and improvement of the market to complete, but now to ease the power shortage, instead of using administrative means to market more and more the whole power system is still operating within the old administrative channels, the people and businesses are feeling the upward pressure on electricity prices. anxious monopoly system in this channel is enlarged energy doors, we have only one choice: get rid of the monopoly.