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What does the fall and rise of oil prices mean? What impact will the rising oil price have on China's economy? Please use the relevant original works of economics.
The influence of oil on industry and agriculture in China is enormous. The country has long realized the importance of oil, and several oil storage bases built a few years ago have also been built. But this is not enough. China's crude oil reserves are only 45 days, while the United States has 120 days, and even Japanese strategic reserves have 90 days. Due to the rapid economic development in China. The demand for oil is increasing, and the state should strengthen the regulation and supervision of oil. Stabilize prices and adjust economic income. My feeling is that the state has done a good job in subsidizing special industries and agriculture, but the investment in health, medical care and education is still insufficient. Especially low-income people. Such as the wages of retired enterprises and institutions, the wages and benefits of in-service teachers in junior high schools and primary schools. The rising prices caused by these oil prices have seriously reduced the quality of life of these low-income people. The state should regulate and control in time.

Oil is not only related to the national economy and people's livelihood, but also to national security and stability. Oil is the cornerstone of national strategy, the foundation of realizing military strategy and a powerful driving force for economic development. National security should be domestic stability and territorial security. When formulating oil strategy, the state should fully consider the coordinated relationship between people's livelihood and economic development, and consider the supporting role of oil in military strategy for national security.

Oil is no longer a pure product, but a powerful weapon, as the Russians did. And used it very effectively in Putin's hands. When those European countries have conflicts of interest with Russia, Russians always strangle other countries with oil. Although the United States is extremely powerful, it will also appear cautious in front of Iranians. Dare not get angry easily, because Iranians have oil as a weapon. Therefore, when we use oil as a weapon, we should also consider its safety, such as the storage and custody of oil, transportation and transportation routes, and the upgrading and development of oil technology. And the rational utilization of petroleum products.