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International crude oil prices volatility has significant effects on global economic activities. On the basis of WTI crude oil futures price of New York Mercantile Exchange (NYMEX) from Apr 1983 to Aug 2008, this paper analyze the multifractal spectrum of crude oil futures prices. The results show that the crude oil prices have multifractal characteristics; international oil futures market has the...
In order to reduce the emission of automobile exhaust and overcome energy crisis, like other countries, China has launched incentive policies to develop new energy vehicles including electric vehicles since 2001. Additionally, as one of priorities in the Chinese national 5-year plans, it is a strategy to catch up in auto industries. This paper reviews the latest policy issued in November 2007 and...
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