The paper deals with questions connected with the present situation on the world oil market. First, we shortly focus on …. Consequently, we concentrate on the impacts of the growth of the oil prices on the world economy. We found out that the impact is … the context and the historical development of the prices of oil and the reactions of the market subjects. We discuss …

proposal of the Ministry of Trade and Industry to increase its strategic reserves of crude oil and petroleum products from the … countries. National energy security in the matter of crude oil supply is discussed further. Emphasized will be the importance of … the IKL pipeline, which connects the Czech Republic to a crude oil infrastructure in Western Europe. At the end the …