Abstract: The international price of crude oil fluctuated vehemently in 2008. It rapidly increased in March, and increased successively in later time. The highest price of the crude oil WTI reached 147.27 per barrel. However, the demand of crude oil began to play down in July. This led to a slump of the price on December 18. The lowest price of light crude oil in New York Mercantile Exchange in January was 35.98 per barrel, which is the lowest one since June 2004. This paper has its purposes on critically analyzing the trend of oil and natural gas resources, the trend of oil enterprises, and the future development of the supply and demand of oil products.