Influence Analysis of Renewable Energy on Crude Oil Future Market

Abstract

Energy crisis, global warming and environmental pollution has become global public problem. Now around the world, renewables are established as mainstream sources of energy. As main part of primary energy, crude oil shall certainly be affected deeply by renewable energy sources in the future. The status of renewables and crude oil are introduced at first. And the influence of renewables on crude oil future market are analyzed in demand, geopolitics and domestic political situation, speculation and psychological anticipation, and market operation anticipation. The conclusions are concluded at last.