Although the two parties in the United States negotiated the debt default warning, it has lost the trust of the market while winning time for the government. S & P downgraded the US sovereign credit rating from AAA to AA+. Coupled with the resurgence of the European debt crisis, a series of incidents severely dampened investor confidence and the market worried about the spread of the crisis. Affected by this, global stock markets have suffered heavy losses.
Ren Haoning, a researcher in the energy industry at China Investment Advisors, believes that new energy stocks are also beyond the reach of the world’s stock markets as a result of “air strikes†in the United States. What is particularly worrisome is that this crisis may trigger a new round of economic recession in the global economy. Once this happens, the rapidly developing new energy industry will be slowed down by this impact. In fact, the development of new energy is closely related to traditional energy and economic development.
The global economic downturn has directly led to a straight decline in international crude oil prices. The main price of New York crude oil** fell more than 15% since August 2nd. It has fallen below 80 US dollars per barrel so far, and reached a minimum of 75.7 US dollars per barrel. The sharp drop in crude oil prices means that the cost of new energy has fallen further. That is to say, the government lacks the motivation to promote the development of new energy sources when the price of traditional energy sources falls or stays at a low level. This is not good news for the development of new energy.
Zhang Yanlin, research director of China Investment Consulting, also pointed out that the development of new energy has a close relationship with the economic development situation. With the rapid economic development, the demand for energy has increased and the space for development of new energy has increased. Conversely, if the economy is depressed and energy demand is not high, the driving force for new energy will also be weakened. At the same time, in the economically prosperous economy, the government can invest more financial funds to support the development of the new energy industry, whereas the economic downturn will result in the government’s investment in new energy resources falling.
The "2011-2015 China Energy Industry Investment Analysis and Forecast Report" issued by China Investment Advisors pointed out that from a macro perspective, every major economic crisis has objectively promoted the development of the new energy industry. However, from a microscopic point of view, the economic downturn has also had an adverse impact on the development of new energy.
Ren Haoning, a researcher in the energy industry at China Investment Advisors, believes that new energy stocks are also beyond the reach of the world’s stock markets as a result of “air strikes†in the United States. What is particularly worrisome is that this crisis may trigger a new round of economic recession in the global economy. Once this happens, the rapidly developing new energy industry will be slowed down by this impact. In fact, the development of new energy is closely related to traditional energy and economic development.
The global economic downturn has directly led to a straight decline in international crude oil prices. The main price of New York crude oil** fell more than 15% since August 2nd. It has fallen below 80 US dollars per barrel so far, and reached a minimum of 75.7 US dollars per barrel. The sharp drop in crude oil prices means that the cost of new energy has fallen further. That is to say, the government lacks the motivation to promote the development of new energy sources when the price of traditional energy sources falls or stays at a low level. This is not good news for the development of new energy.
Zhang Yanlin, research director of China Investment Consulting, also pointed out that the development of new energy has a close relationship with the economic development situation. With the rapid economic development, the demand for energy has increased and the space for development of new energy has increased. Conversely, if the economy is depressed and energy demand is not high, the driving force for new energy will also be weakened. At the same time, in the economically prosperous economy, the government can invest more financial funds to support the development of the new energy industry, whereas the economic downturn will result in the government’s investment in new energy resources falling.
The "2011-2015 China Energy Industry Investment Analysis and Forecast Report" issued by China Investment Advisors pointed out that from a macro perspective, every major economic crisis has objectively promoted the development of the new energy industry. However, from a microscopic point of view, the economic downturn has also had an adverse impact on the development of new energy.
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