How did the oil crisis break out?

How did the oil crisis break out?

December 29, 2009/Dong Xiucheng

Characteristics of oil have power, so the contention for oil has been a hot issue in the international pattern, the most obvious manifestation is the oil crisis had happened three times in its history.

Oil crisis refers to a performance of the economic crisis in the oil fields in the world. To study the oil crisis, should first analyse what are the economic crisis. Refers to the economic imbalance in the ratio of so-called economic crisis or turbulent. In the process of economic operation, as long as the target or after some index exceeds a certain limit, the economic crisis to happen. Economic crisis is different from normal economic fluctuations, normal economic fluctuations is inevitable, is constantly adapt to internal and external environment changes of economic system, its corollary of continuously adjusted in order to guarantee their stability. Is a kind of abnormal fluctuation of the economic crisis was affecting the basic objective of economic system and the death of the turbulent.

On the causes of the economic crisis there is no widely accepted theory, is virtually impossible to find a comprehensive systems theory to explain the economic crisis. Different economists had different theories, theory can be summarized as follows: production theory. This theory is that the economic crisis because the production field; exchange theory. This theory is that because of the economic crisis Exchange areas; distribution theory. This theory is that due to the distribution of the economic crisis; innovation. This theory is that the economic crisis was the main reason for the formation of the original equilibrium due to innovative activities of destruction and arise from the emergence of a new equilibrium State; theory of multiplier-accelerator. This theory is that the economic crisis is the main source of "accelerated and interaction of multiplier theory" that accelerate principle and interaction of multiplier theory caused a growing spiral of inflation or deflation.

Economists are long-term economic crisis issues could not be explained clearly, mainly because of the economists are often isolated from one area or focusing on some of the economic factors to look for the causes of the crisis, but in fact the economic crisis is a product of the combination of various economic factors.

Next, this article from the analysis of the economic crisis in terms of power problems. Prior to the industrial civilization, economies were closed, while in some countries of the economic crisis, but is limited to the country, is difficult or impossible to produce a global economic crisis. In the slave society, feudal society, power source of the main force. The balance of force was broken, means that the power shift, social unrest, led to the economic crisis.

After entering the industrial civilization of mankind, countries around the world into one due to capital movements, power factor structure and subsequently changes, factors relative weakening of the role of force, while capital has increasingly become the most important source of power

。 Due to their competition for power continued, with capital flows and movement between the countries, capital flow quantity and frequency exceeds a certain limit, event of a major transfer of power, creates social unrest, led to the economic crisis.

After entering the information civilization of mankind, power factor structure will be towards the knowledge-oriented direction, competing for, or transfer of knowledge means that the transfer of power, if there is abnormal transfer of power, social turmoil, the economic crisis will also occur.

At the same time, we should also recognize that different civilizations, three elements of power are working, and also produce structural changes or adjustments to each other, imbalance will arise between each other, especially in particular civilization during the transfer. Elements of such power imbalances, can also lead to major transfer of power, social conflicts intensified with turmoil, the economic crisis.

To sum up, the economic crisis because of the brutal competition and violent transfer of power, stemming from the structural changes of power factor or serious imbalances. Perhaps this discussion can be summarized as the economic crisis of our "power transition theory."