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Petroleum – Strategic Resource for World Economy Cover
By: Viorel Pop  
Open Access
|Jun 2018

Abstract

Petroleum is the most important resource for global energy production, far exceeding the role of coal and natural gas, the role of river energy and wind energy, and also the role of nuclear fuel.

All highly industrialized countries are making great efforts to ensure the energy needs of the functioning of economies under the conditions of fierce global competition. None of the world’s first 10-12 economies can give up on petroleum imports, and the exporting countries benefit from large financial resources from petroleum.

Saudi Arabia, Qatar, United Arab Emirates, Venezuela, Russia and other petroleum-rich countries secure themselves significant foreign revenue for their economic development, defense and overall well-being.

DOI: https://doi.org/10.2478/sues-2018-0010 | Journal eISSN: 2285-3065 | Journal ISSN: 1584-2339
Language: English
Page range: 70 - 85
Submitted on: Feb 1, 2018
Accepted on: May 1, 2018
Published on: Jun 26, 2018
Published by: Vasile Goldis Western University of Arad
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2018 Viorel Pop, published by Vasile Goldis Western University of Arad
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.