• Title/Summary/Keyword: Oil Prices

Search Result 350, Processing Time 0.021 seconds

A study on Living Culture of Korea through accounting records written by Song, Whasun at Hongcheon-Up in early 20th century (홍천읍 송화선(宋化善) 장기(掌記)를 통해 본 20세기 초 한국의 생활 문화 연구)

  • Cho, Imsun;Lee, Eunjin
    • Journal of Fashion Business
    • /
    • v.21 no.1
    • /
    • pp.148-165
    • /
    • 2017
  • An assortment of daily supplies have been documented in and accounting book that Hwa-sun Song, a wholesale dealer in Hongcheon, Gangwon-do, sent to Young-hui Sin, a customer. This study analyzed a total of 163 documentations in the accounting book between 1910 to 1916, which includes types of daly supplies, trading volume, and prices, maintained accounting between. Consequently, we are able to indentify companies that produced the applicable goods, names of products, units by which goods were counted, and the lowest and highest prices prevailing, along with kinds of goods patronized in everyday life in Hongcheon in the early 20th century. Paper had the maximum trading volume. The second, most traded were cigarettes, a symbol of the new culture. These were traded under various brand names, such as Kkotpyo, Guksyu, Sanhopyo, Syonghak, and Joil. Foodstuffs, were the third most traded items, including fish, fruits, sugar, Waeddeok, Chilwaeddeok, Color candies and Okchyun candies. Our results indicate that the snack food business had developed since the 19th century. Lighting equipment, oil, candles, matches as well as traditional oil lamps and flints cornered the fourth largest stock being traded. Medications were fifth, with prescriptions written for Insohwan, Hoechyungsan and Siungo, including quinine, a medicine for malaria. Other trades included kitchen appliances such as soup bowls, porcelain bowls, kettles, and drinking cups, and a variety of daily supplies such as mirrors, mats, umbrellas, Geumjiwaemil, hair oil imported from Japan, and soap.

A Study on Actual Condition Analysis of Solar Thermal System Demonstrative Enterprise in the J City (J시 태양열 시범사업의 실태조사.분석에 관한 연구)

  • Yoo, Dong-Chul;Lee, Doo-Ho;Lee, Eung-Jik
    • 한국태양에너지학회:학술대회논문집
    • /
    • 2011.04a
    • /
    • pp.80-85
    • /
    • 2011
  • As the instability of oil prices rose because of the situation in Libya, oil prices worldwide recorded the highest level due to the interference in supply. And so, in the 21st century, increasing efforts are being made to use clean new renewable energy centered on solar energy in accommodation of the cycle of nature instead of being reliant on the oil exporting nations. In order to reduce city energy internationally, the implementation of a low carbon city under the combined cooperation of industrial. construction, new renewable energy and transportation sectors with continuous development centered on low carbon green urban planning is now becoming established as the paradigm of the times. Recently, the government has begun carrying out the One Million Green Home Project, which is a project where the government with the goal of providing one million renewable energy homes by 2020 gives renewable energy subsidization for a partial amount of the standard unit price of installation when solar ray, solar heat, geothermal heat, small wind power or fuel cell energy is used. Thus, through this thesis which studies the state of and surveys the green village at Shingok-ri Songhak-myun Jaecheon-shi, it is the desire that the One Million Green Homes Project will be more efficiently developed and plans for improvement formed so that a high level of satisfaction in the product will be provided.

  • PDF

Effects of Changes in International Energy Prices on Stock Prices of Korean Energy Companies (국제 유가 변동이 국내 에너지 기업의 주가에 미치는 영향 연구)

  • Heo, Eun-Nyeong;Kim, Ji-Hyo
    • 한국신재생에너지학회:학술대회논문집
    • /
    • 2008.05a
    • /
    • pp.120-123
    • /
    • 2008
  • 국제 원유 가격의 상승은 국내 주식시장에 어떠한 영향을 끼칠것인가에 대해서는 다양한 의견들이 있다. 에너지기업들에 한정해도 이는 마찬가지이다. 최근의 주식시장을 관찰해보면 급격한 원유가격의 상승에도 불구하고 다른 방향의 결과들을 나타나고 있다. 주가는 다양하고 불확실한 여러 요인들에 의해 영향을 받으며 유가는 그 중 한 요인에 불과하기 때문에, 유가가 주가에 미치는 영향을 분리해서 살펴볼 필요가 있다. 본 연구에서는 2000년 1월 4일부터 2007년 10월 16일까지의 일별 국제 원유 가격과 국내 주요 에너지기업들의 주가 자료를 이용해 시계열 분석을 시도해보았다.

  • PDF

A Study on the Variation of Physical & Chemical Properties with Refining Treatment and Additive Mixture for Marine Fuel Oil (선박연료유의 정제처리 및 첨가제 혼합에 따른 물리.화학적 특성 변화에 관한 연구)

  • Han, Won-Hui;Nam, Jeong-Gil;Lee, Don-Chool
    • Journal of the Korean Society of Marine Environment & Safety
    • /
    • v.13 no.1 s.28
    • /
    • pp.39-45
    • /
    • 2007
  • Recently it is a tendency that the heavy fuel oil is considered to be used on board even middle or small sized vessels in order to reduce the operating cost of vessel mused by a rise in international oil prices. In this study, analyzed the physical & chemical properties and examined the effect of refining treatment and a fuel oil additive for MF30 fuel oil which is a mixture fuel oil mixed M.G.O and the heavy oil MF380 use to be possible in the middle&small class vessel. As a results, the effects of two of pre-refinery treatment methods as centrifugal purifier and heating & homogenizing system(M.C.H) are some feeble, but the pour point and the flash point came to be low more or less. The effect of property improvement which is mused by the fuel oil additive did not appear positively.

  • PDF

The Application Scheme of Management of Technology for Strengthen the Competitiveness in Oil and Gas Plant Industry (오일.가스 플랜트 산업의 경쟁력 강화를 위한 기술경영 도입방안)

  • Song, Young-Woong;Choi, Yoon-Ki
    • Korean Journal of Construction Engineering and Management
    • /
    • v.8 no.1 s.35
    • /
    • pp.116-123
    • /
    • 2007
  • Recently orders of project in the field of oil & gas plant have been increased due to raising oil prices and consumptions. Domestic oil & gas companies are expanding into the Middle East area and all over the world. In the field of oil & gas plant, it is important to manage a technical control and a license that is occurred when developing the manufacturing processes and technologies. Because the oil & gas market has a lot of executions of the oversea construction, competitions between the advanced companies is more important. Therefore, we have to adopt systematic management style for achievements of the technical competitive power and the higher position. However, domestic oil & gas plant companies have not enough competitive powers of the license and the design phase. So, they are faced with difficulties of adopting the technology which is maximizing the effect of investments and scheduling a long-range plan. To achieve the technology management and the competitive power, this study proposes a long-range plan through the analysis of execution methods for technology management.

Value-at-Risk Models in Crude Oil Markets (원유시장 분석을 위한 VaR 모형)

  • Kang, Sang Hoon;Yoon, Seong Min
    • Environmental and Resource Economics Review
    • /
    • v.16 no.4
    • /
    • pp.947-978
    • /
    • 2007
  • In this paper, we investigated a Value-at-Risk approach to the volatility of two crude oil markets (Brent and Dubai). We also assessed the performance of various VaR models (RiskMetrics, GARCH, IGARCH and FIGARCH models) with the normal and skewed Student-t distribution innovations. The FIGARCH model outperforms the GARCH and IGARCH models in capturing the long memory property in the volatility of crude oil markets returns. This implies that the long memory property is prevalent in the volatility of crude oil returns. In addition, from the results of VaR analysis, the FIGARCH model with the skewed Student-t distribution innovation predicts critical loss more accurately than other models with the normal distribution innovation for both long and short positions. This finding indicates that the skewed Student-t distribution innovation is better for modeling the skewness and excess kurtosis in the distribution of crude oil returns. Overall, these findings might improve the measurement of the dynamics of crude oil prices and provide an accurate estimation of VaR for buyers and sellers in crude oil markets.

  • PDF

The analysis of EU carbon trading and energy prices using vector error correction model (벡터오차수정모형을 이용한 유럽 탄소배출권가격 분석)

  • Bu, Gi-Duck;Jeong, Ki-Ho
    • Journal of the Korean Data and Information Science Society
    • /
    • v.22 no.3
    • /
    • pp.401-412
    • /
    • 2011
  • This study uses a vector error correction model to analyze the daily time series data of the spot price of EUA (European Union Allowance). As endogenous variables, five variables are considered for the analysis, including prices of crude oil, natural gas, electricity and coal in addition to carbon price. Data period is Phase 2 period (April 21, 2008 to March 31, 2010) to avoid Phase 1 period (2005-2007) where the EUA prices were distorted. Unit-root and cointegration test results reveal that all variables have a unit root and cointegration vectors exist, so a vector error correction model is adopted instead of a vector autoregressive model.

Review of property and utilization of oil crop for biodiesel (바이오디젤 원료작물의 기름 및 지방산 특성에 따른 활용방안 고찰)

  • Jang, Young-Seok;Kim, Kwang-Soo;Lee, Yong-Hwa;Cho, Hyeon-Jun;Suh, Sae-Jung
    • Journal of Plant Biotechnology
    • /
    • v.37 no.1
    • /
    • pp.25-46
    • /
    • 2010
  • The demand for fuel and energy resources continues to grow due to increased consumption and emerging economies in all parts of the world. With this increase in demand, crude oil prices in the international market has jumped dramatically. Global warming, which is a consequence of increasing greenhouse gas (GHG) emissions, has become scientific, social, and political concerns. To cope with global warming and energy crisis, cost-competitive biofuels are urgently needed. In addition, development of an infrastructure, which supplies energy stably and diversifies energy resources, as well as new cost-saving technologies should be developed to reduce the costs of producing biofuels. Due to high oleic acid content, rapeseed (Brassica napus L.) is currently the potential feedstock for biodiesel production in temperate zone region and the production and use of rapeseed oil is already commercialized in Europe. In Korea double-cropping (rice and rapeseed) became more prevalent because it reduces competitions from land constraints. Production of rapeseed as a biodiesel feedstock may reduce the influence of rising oil prices and nation's dependence on imported petroleum and increase job opportunities and farm incomes.

HCNG 보급을 위한 안전기술 및 기준 연구

  • Bang, Hyo Joong
    • Journal of the Korean Professional Engineers Association
    • /
    • v.45 no.6
    • /
    • pp.20-27
    • /
    • 2012
  • World has become interested in the development of new dean energy because of oil prices rise and global warming due to carbon dioxide emissions. This study evaluated the safety of the refueling infrastructure for hydrogen, CNG and HCNG(hydrogen blended natural gas) which recently take center stage as a clean fuel. The risk of fuel was evaluated by 3D computational fluid dynamics program for gas dispersion and explosion. Hydrogen is higher than the CNG explosion overpressure and shows rapid spread. On the other hand, CNG and 30% HCNG showed quite similar characteristics. HCNG slightly rises in risk than the CNG, but HCNG is safe compared to hydrogen.

  • PDF

Activation method for biogas production from organic waste (긴급제언: 유기성폐기물 자원(바이오가스 생산) 활성화 방안)

  • Kwak, Che-Sik
    • Journal of the Korean Professional Engineers Association
    • /
    • v.43 no.5
    • /
    • pp.35-40
    • /
    • 2010
  • The world economy is threatened by rising oil prices due to the depletion of resources, and climatic changes are intensified due to rapid increase of greenhouse gases emission. Global warming is recognized as a worldwide problem not only as national level one, collaborative efforts are in progress actively. The fact is that the development of new & renewable energy which can replace fossil fuel and preserve the environment is the key of the attention in accordance with "low carbon, green growth" policy of our government. Biogas is an energy source. And the best part of using biogas is that wastes are treated in its production process.

  • PDF