Research On The Pricing Power Of Oil Under The Economic Law

The pricing power of oil is the outcome of the dynamic game among the multilateralsubjects in oil market. Nowadays oil has become a commodity with the meaning ofeconomic and politics. So all the countries take pricing power of oil as the important toolto avoid pricing risk and acquire the relatively inexpensive cost for development in orderto prevent oil becoming their Achilles heel. The pricing power of oil is also the basicappeal for china to improve the national energy security level and practice the scientificoutlook on development to ensure the sustainable development of economic and society.At first, this paper discusses the definition of pricing power of oil from the view ofeconomic law and explains the development path of pricing power of oil from the gameangle. Second, this paper tries to construct a research framework named“government-social public organization-market” to start the analysis and investigation ofpricing power of oil through the dimension of main body in economic law. This paperfocuses on the practices and their inner meanings of government, futures exchanges,commercial bank and oil companies with the study on policy, legislation, system designboth in china and abroad and the combination of the research findings in other subjectslike economic and management and figures out what pricing power of oil ought to be andit actually be. In the last part, this paper study on the system design under Chinese context.The practices of the marketized governmental economic behavior, the reformation of taxsystem of oil, contract energy management will be used to realize and ensure China spricing power of oil. Also, this paper will focus on the case study of the affairs of ChinaAviation Oil. The rethinking of this case will run through the paper. The multilateralsubjects game behind CAO will finally work in concert with the conception of pricingpower of oil at the beginning of this paper.