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Growth rate in energy demand will slow down while high price will be sustained
By Deng Yusong
Date: 2004/11/21
Abstract:????
The first three quarters saw rapid growth in energy production and demand. Prices, especially those of oil and coal, kept soaring. In the fourth quarter, increase rate in the demand for energy will drop, but prices will remain high. The situation of supply and demand in the energy market will be better than the third quarter. The economic impact of high oil price shows up gradually. The continuous straining of the transportation system will have a negative effect on the stability of the transportation of coal and oil products. The following measures are suggested: improve the pricing mechanism of processed oil products to guarantee stable supply in the market; reform current resource compensation measures to raise the utilization ratio of mineral resources; build long-term mechanisms to facilitate a healthy development of power industry.?
