International oil prices have a fever, the domestic market has become alarmed, and the topic of refined oil price reform has been hot.
The price of imported crude oil is higher than the sales price of domestic refined oil and has lasted 11 months. “Flour is more expensive than bread†did not bring about imaginary peace. Instead, the players in the market have gradually been unable to hold off – the emergence of lining up and reversing the phenomenon of oil in disguise proves the distortion of the market maintained by price control. The degree also proves that it is an evasive agenda to re-adjust various interests in the refined oil market.
On the one hand, the original order of the refined oil market is unsustainable. On the other hand, the Sichuan earthquake disaster may have pushed up domestic commodity prices, allowing the inflation rate, which could have been slightly suppressed, to regain upward momentum. In this context, whether the timing of oil prices is mature or not, whether it is radical or progressive, seems to be overwhelming. The NDRC stated that it was ruined by the rumors of releasing price controls in early June. But even if you hold in June, what about in the future? Forewarned is forearmed, without prejudging the waste. The adjustment of the refined oil price mechanism cannot expect that the international crude oil futures market will suddenly cool down, and it cannot expect to exchange time for buffer space. It is late or late, and it must be the face that must be faced.
In fact, the timing of oil prices is not a question of maturity, but whether it is a matter of delay. The reform method is not an issue of full liberalization or piloting. Instead, it must be fully liberalized - the pilot may not only be effective against the turbulent market. The effect of a glass of water is also not worth mentioning. It may also delay the timing. If the international oil price rises again after the technical renovation, the room for maneuvering at this time will be even more compelling, and the cost will be even greater: For example, it is obviously that the “financial subsidies†do not provide financial subsidies for oil companies. To increase; for example, because the effect of joining the long-term global supply and demand market can not be immediately apparent, in the short term the Chinese factor will become a reason for international speculators to speculate on high oil prices and allow us to pay more.
There are other concerns. For example, fear of conflict with the country’s primary macro-control task in combating inflation has contributed to inflation; for example, the fear of merging with international oil prices may cause economic security risks. This worry makes sense. If the reform of refined oil products satisfies the needs of the merger, then in the case of a highly monopolistic market, it is indeed possible to deduce that the “make up the poverty without supplementing the poor†has changed from the dark to the clear, and the individual companies have spilled blood to the public utilities and regions. Balancing the required funds and blood loss may still not change the frequent occurrence of oil shortages in local areas, and may further lose weight in the international market pricing power.
However, no matter when the reforms are started, these hidden fears will always exist. We cannot always say that the conditions for the reform of refined oil prices will never be mature. In fact, there are as many reasons for starting oil prices. Compared with the average composition of energy consumption in developed countries, the share of oil in China’s energy consumption is about 10% lower. This means that although we have not formulated the right to speak of international oil prices, the high oil prices have caused our suffering. It is smaller than you think. Sinopec also stated that despite the fact that the price of oil has broken through the integer mark, it has broken through by 135 US dollars, but the company’s inventory remains above the warning line. If surgery is not so painful, it is better to start with the expansion of the lesion.
Reform of refined oil prices is not just a simple matter of price consolidation. All kinds of non-excessive fears are actually demanding that the issue of refined oil prices be placed in a larger pattern of operations. This pattern is an energy policy reform. No suitable competitors have been introduced because the partial oil shortage caused by the monopoly may still occur. Without the proper distribution of benefits, the oil giants will still lack the capacity and enthusiasm for exploring new oil fields, and will only continue to wait for food; there is no appropriate policy guidance. Even if the price of oil is liberalized, the expectation of suppressing oil demand through high prices and driving energy structure adjustment will be difficult to achieve. It will be a long road to establish a Chinese economic firewall with the development of new energy and renewable energy industries.
The price of oil cannot be tied to the price alone. It is also necessary to reduce the threshold for entry into the domestic market and increase the investment and commercial driving force for alternative energy sources. It must be said that when the conditions for oil prices are mature, it is that these three conditions are at the same time.
In this sense, the international oil price fever is not only a reminder of the domestic oil price system reform and not change, but also a constant warning that domestic energy policies must speed up reforms. Prior to this, the price of refined oil did not merge with or continue to be one step risk.