Oil and Solar Cycles: Statistics of Strong Ties (1970–2016 Years)
Chelyabinsk Humanitarian, No. 1 (38)/2017, pages 17-27
11 Pages Posted: 26 Apr 2017
Date Written: April 25, 2017
Grouping Wolf numbers and the price of oil «Brent» by year Schwabe solar cycle average for the period 1970–2016 years has allowed the author to establish strong ties Kitchin and Juglar cycles of oil prices and the cycles of the Wolf numbers.
The result was the ability to predict the price of oil on the basis of forecast values of Wolf numbers, as well as on the basis of indices of average oil prices average values over the years Schwabe cycle of solar activity.
On the basis of these methods, the author has developed the oil price forecast for «Brent» in 2017 in the range of 41.29 to 49 dollars. per barrel. Previous 2015 authors forecast a further decline in oil prices in 2016 has been successful.
Keywords: oil prices, the oil price cycles, forecasting of oil prices, the Wolf numbers, solar activity cycles, cycles of Kitchin, Juglar cycles, Schwabe cycles, the consumer price index.
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