Analysis of China's Oil Self- Sufficiency

In recent years, with its sustained and rapid economic development, the contradiction between supply and demand on China's petroleum is daily outstanding, and it makes the dependence rate of foreign oil resources going higher and higher. With the method of time series analysis and based on the...

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Bibliographic Details
Main Authors: Zhang Chuanping, Zhao Ruirui, Yan Xueping, Yue Lin
Format: Conference Proceeding
Language:English
Subjects:
Autoregressive processes
Correlation
Economics
Mathematical model
Predictive models
Software
Time series analysis
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Summary:In recent years, with its sustained and rapid economic development, the contradiction between supply and demand on China's petroleum is daily outstanding, and it makes the dependence rate of foreign oil resources going higher and higher. With the method of time series analysis and based on the data of China's oil self-sufficiency and proven reserves from 1980 to 2009, ARIMA models which is used for forecasting China's oil self-sufficiency in this paper is established, and solutions to deal with the oil problem are proposed.
DOI:10.1109/ICMSS.2011.5998414