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Oil and the Power it EntailsGlobal Interdependence and Macroeconomic Impact
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
2014 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Oljans maktGlobala beroendeförhållanden och makroekonomiskpåverkan (Swedish)
Abstract [en]

The study covers oil and the power it entails and focuses on oil interdependence, oil-related

conflicts and crises and macroeconomic effects. This thesis aims to examine the global oil

industry's trade structure, to clarify the international geopolitical situation in the oil industry,

and to analyze the effects of fluctuations in price on a macroeconomic level. The research

has an explorative but also descriptive nature and can be classified as a correlational study.

The thesis is mainly based on qualitative references obtained from interviews supplemented

with quantitative data.

The majority of conflicts in the Middle East can be classified as oil related, with a major

impact on oil prices as a result. Oil price fluctuations correlate with and influence the

macroeconomic situation in different countries, and the degree of the correlation varies due

to the extent certain countries depend on oil. Interdependence is thus a significant factor in

economic and geopolitical development.

The study contributes to a deeper understanding and a more profound knowledge regarding

global impact due to oil interdependence. This thesis indicates that the integration of oil in

today’s society increases the world’s vulnerability to changes in the oil industry and

therefore, oil contributes to power.

Abstract [sv]

Denna studie omfattar oljans makt och fokuserar på beroendeförhållanden, oljerelaterade

konflikter och kriser samt makroekonomiska effekter. Uppsatsen syftar till att undersöka den

globala oljeindustrins handelsstruktur, kartlägga det internationella geopolitiska läget inom

oljebranschen samt analysera oljeprissvängningars direkta effekter på ett makroekonomiskt

plan. Studien har en explorativ men även deskriptiv karaktär och kan klassificeras som en

sambandsstudie. Undersökningen baseras på kvalitativa källor genom intervjuer och

kompletteras med kvantitativ data.

Flertalet konflikter som ägt rum i Mellanöstern är oljerelaterade vilket har resulterat i

betydande effekter på oljepriset. Oljeprisförändringar påverkar och korrelerar med det

makroekonomiska läget i enskilda länder, hur stark denna korrelation är beror dock av i

vilken utsträckning ett land är beroende av olja. Beroendet är alltså en betydande del i

ekonomisk och geopolitisk utveckling.

Studien bidrar till en ökad förståelse och en fördjupad kunskap i oljeindustrins

beroendeförhållanden och dess globala påverkan. I studien framgår att oljans integrering i

samhället gör världen sårbar för förändringar i oljeindustrin, olja bidrar därför till makt.

Place, publisher, year, edition, pages
2014.
Keyword [en]
Oil dependency, Oil crises, Macroeconomics
Keyword [sv]
Oljeberoende, Oljekriser, Makroekonomi
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:kth:diva-152590OAI: oai:DiVA.org:kth-152590DiVA: diva2:750488
Supervisors
Examiners
Available from: 2014-09-29 Created: 2014-09-29 Last updated: 2014-09-29Bibliographically approved

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