{"id":931,"date":"2016-08-05T05:56:49","date_gmt":"2016-08-04T20:56:49","guid":{"rendered":"http:\/\/finance-gfp.com\/?p=931"},"modified":"2025-04-30T06:51:24","modified_gmt":"2025-04-29T21:51:24","slug":"%e5%8e%9f%e6%b2%b9%e4%be%a1%e6%a0%bc%e3%81%ae%e8%a6%8b%e9%80%9a%e3%81%97%ef%bc%88%e7%89%b9%e3%81%ab%e4%be%9b%e7%b5%a6%e3%82%b5%e3%82%a4%e3%83%89%e3%81%ae%e3%82%b3%e3%82%b9%e3%83%88%e3%81%8b%e3%82%89","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=931","title":{"rendered":"\u7523\u6cb9\u56fd\u306b\u304a\u3051\u308b\u539f\u6cb9\u306e\u640d\u76ca\u5206\u5c90\u70b9\u4fa1\u683c\uff08\u751f\u7523\u30b3\u30b9\u30c8\u30fb\u8ca1\u653f\u53ce\u652f\u5747\u8861\u30b3\u30b9\u30c8\u30fb\u7d4c\u5e38\u53ce\u652f\u5747\u8861\u30b3\u30b9\u30c8\uff09"},"content":{"rendered":"<p>\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u539f\u6cb9\u4fa1\u683c\u3092\u4f9b\u7d66\u30b5\u30a4\u30c9\uff08\u4e3b\u8981\u7523\u6cb9\u56fd\uff09\u306e\u30b3\u30b9\u30c8\u304b\u3089\u5206\u6790\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span 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class=\"ymarker-s\">\u3061\u306a\u307f\u306b\u4e3b\u8981\u7523\u6cb9\u56fd\u306e\u300c\u751f\u7523\u30b3\u30b9\u30c8\u300d\u306b\u52a0\u3048\u3066\u300c\u8ca1\u653f\u53ce\u652f\u30d9\u30fc\u30b9\u306e\u5747\u8861\u30b3\u30b9\u30c8\u300d\u300c\u7d4c\u5e38\u53ce\u652f\u30d9\u30fc\u30b9\u306e\u5747\u8861\u30b3\u30b9\u30c8\u300d\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u539f\u6cb9\u4fa1\u683c\u306f1\u30d0\u30ec\u30eb\uff1d50\u30c9\u30eb\uff5e90\u30c9\u30eb\u524d\u5f8c\u304c\u9069\u6b63\u6c34\u6e96\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n<p>\u8a73\u7d30\u306f\u4e0b\u8a18\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n<!-- WP QUADS v. 3.0.4  Shortcode Ad -->\n<div class=\"quads-location quads-ad\" id=\"quads-ad\" style=\"float:none;margin:0px 0 0px 0;text-align:center;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- 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[]).push({});\r\n<\/script><\/div>\n\n<h2>\u539f\u6cb9\u4fa1\u683c\u306e\u63a8\u79fb<\/h2>\n<p>\u8fd1\u5e74\u3001\u539f\u6cb9\u4fa1\u683c\u306e\u5909\u52d5\u304c\u5927\u304d\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<ul>\n<li>2014\u5e746\u6708\uff1a100\u30c9\u30eb\uff5e110\u30c9\u30eb<\/li>\n<li>2016\u5e742\u6708\uff1a26\u30c9\u30eb<\/li>\n<li>2018\u5e7410\u6708\uff1a76\u30c9\u30eb<\/li>\n<li>2018\u5e7412\u6708\uff1a42\u30c9\u30eb<\/li>\n<li>2019\u5e744\u6708\uff1a64\u30c9\u30eb<\/li>\n<li>2020\u5e743\u6708\uff1a20\u30c9\u30eb\uff08WTI\u539f\u6cb9\u5148\u7269\u4fa1\u683c\u306f\u4e00\u6642\u30de\u30a4\u30ca\u30b9\u3068\u306a\u3063\u305f\uff09<\/li>\n<li>2021\u5e7412\u6708\uff1a70\u30c9\u30eb\u53f0<\/li>\n<li>2022\u5e746\u6708\uff1a120\u30c9\u30eb\u53f0<\/li>\n<li>\u539f\u6cb9\u4fa1\u683c\u306e\u9577\u671f\u63a8\u79fb\u306f\u3053\u3061\u3089\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=3435\" target=\"_blank\" rel=\"noopener noreferrer\">WTI\u539f\u6cb9\u30b9\u30dd\u30c3\u30c8\u4fa1\u683c \u9577\u671f\u63a8\u79fb\uff08\u30c1\u30e3\u30fc\u30c8\uff64\u5909\u52d5\u8981\u56e0\uff09<\/a><\/li>\n<\/ul>\n<p>\u904e\u53bb\u306b\u9061\u308b\u306890\u5e74\u4ee3\u306e\u539f\u6cb9\u4fa1\u683c\u306f\u591a\u304f\u306e\u671f\u9593\u30011\u30d0\u30ec\u30eb\uff1d20\u30c9\u30eb\u524d\u5f8c\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>2000\u5e74\u4ee3\u306b\u5165\u308b\u3068\u3001\u4e2d\u56fd\u3084\u30a4\u30f3\u30c9\u3092\u306f\u3058\u3081\u3068\u3059\u308b\u65b0\u8208\u56fd\u306e\u6210\u9577\u306b\u3088\u308b\u9700\u8981\u62e1\u5927\u304b\u3089\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u59cb\u3081\u30012008\u5e747\u6708\u306b1\u30d0\u30ec\u30eb\uff1d147\u30c9\u30eb\u53f0\u3092\u3064\u3051\u307e\u3057\u305f\u3002<\/p>\n<p>2008\u5e749\u6708\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306b\u3088\u308b\u4e16\u754c\u7d4c\u6e08\u306e\u4f4e\u8ff7\u304b\u3089\u3001\u539f\u6cb9\u4fa1\u683c\u3082\u4e0b\u843d\u3092\u59cb\u3081\u30012008\u5e7412\u6708\u306b\u306f1\u30d0\u30ec\u30eb\uff1d32\u30c9\u30eb\u307e\u3067\u4e0b\u843d\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>2010\u5e74\uff5e2014\u5e74\u306f80\u30c9\u30eb\uff5e110\u30c9\u30eb\u306e\u30ec\u30f3\u30b8\u3067\u63a8\u79fb\u30012014\u5e74\uff5e2021\u5e74\u306f20\u30c9\u30eb\uff5e100\u30c9\u30eb\u3068\u30ec\u30f3\u30b8\u306e\u5e45\u304c\u62e1\u5927\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>2022\u5e74\u306b\u5165\u308a\u30ed\u30b7\u30a2\u306b\u3088\u308b\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u306e\u5f71\u97ff\u30671\u30d0\u30ec\u30eb\uff1d120\u30c9\u30eb\u53f0\u307e\u3067\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<\/p>\n<h2>\u539f\u6cb9\u4fa1\u683c\u306e\u4e0b\u843d\u8981\u56e0\u306f\u5927\u304d\u304f2\u3064\u3010\u9700\u8981\u6e1b\u3068\u4f9b\u7d66\u5897\u3011<\/h2>\n<p>\u539f\u6cb9\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b\u8981\u56e0\u306f\u3044\u304f\u3064\u304b\u3042\u308a\u307e\u3059\u304c\u3001\u9577\u671f\u7684\u30c8\u30ec\u30f3\u30c9\u3067\u91cd\u8981\u306a\u306e\u306f\u4e0b\u8a18\u306e2\u3064\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u4e16\u754c\u7d4c\u6e08\u306e\u6e1b\u901f\u306b\u3088\u308b\u9700\u8981\u6e1b<\/li>\n<li>\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u7b49\u306e\u5897\u7523\u306b\u3088\u308b\u4f9b\u7d66\u5897<\/li>\n<\/ul>\n<p>\u9700\u8981\u30b5\u30a4\u30c9\u306e\u8981\u56e0\u3068\u4f9b\u7d66\u30b5\u30a4\u30c9\u306e\u8981\u56e0\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u4f8b\u3048\u30702016\u5e74\u306e\u5927\u5e45\u4e0b\u843d\uff081\u30d0\u30ec\u30eb=110\u30c9\u30eb\u219226\u30c9\u30eb\uff09\u306f\u4e0a\u8a182\u3064\u306e\u8981\u56e0\u304c\u540c\u6642\u306b\u767a\u751f\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p>\u7279\u306b\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u306f\u5f93\u6765\u3001\u300c\u751f\u7523\u30b3\u30b9\u30c8\u304c\u9ad8\u304f\u3001\u6025\u6fc0\u306a\u751f\u7523\u5897\u306f\u306a\u3044\u300d\u3068\u307f\u3089\u308c\u3066\u3044\u307e\u3057\u305f\u304c\u3001\u6280\u8853\u9769\u65b0\u306b\u3088\u308a\u751f\u7523\u30b3\u30b9\u30c8\u306f\u5927\u5e45\u306b\u4f4e\u4e0b\u3057\u30012020\u5e74\u6642\u70b9\u30671\u30d0\u30ec\u30eb\uff1d40\u30c9\u30eb\u4ee5\u4e0b\u3067\u3082\u63a1\u7b97\u306e\u5408\u3046\u3082\u306e\u3082\u51fa\u3066\u304d\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n<p>\u4e0b\u8a18\u3067\u306f\u539f\u6cb9\u306e\u4f9b\u7d66\u91cf\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u7523\u6cb9\u56fd\u306e\u751f\u7523\u30b3\u30b9\u30c8\u306b\u3064\u3044\u3066\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u539f\u6cb9\u4fa1\u683c\u304c\u7523\u6cb9\u56fd\u306e\u751f\u7523\u30b3\u30b9\u30c8\u3092\u4e0b\u56de\u308b\u3068\u4f9b\u7d66\u304c\u6e1b\u5c11\u3057\u3001\u539f\u6cb9\u4fa1\u683c\u306b\u4e0a\u6607\u5727\u529b\u304c\u304b\u304b\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<h2>\u7523\u6cb9\u56fd\u306e\u640d\u76ca\u5206\u5c90\u70b9\u30aa\u30a4\u30eb\u4fa1\u683c\uff08\u751f\u7523\u30b3\u30b9\u30c8\u30fb\u8ca1\u653f\u53ce\u652f\u5747\u8861\u30b3\u30b9\u30c8\u30fb\u7d4c\u5e38\u53ce\u652f\u5747\u8861\u30b3\u30b9\u30c8\uff09<\/h2>\n<p>\u3053\u3061\u3089\u3067\u306f\u4f9b\u7d66\u30b5\u30a4\u30c9\u306e\u640d\u76ca\u5206\u5c90\u70b9\u304b\u3089\u539f\u6cb9\u4fa1\u683c\u306e\u9069\u6b63\u6c34\u6e96\u3092\u5206\u6790\u3057\u307e\u3059\u3002<\/p>\n<p>\u4e2d\u9577\u671f\u3067\u898b\u308c\u3070\u5168\u4e16\u754c\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u9700\u8981\u306f\u62e1\u5927\u3057\u3066\u3044\u304f\u3082\u306e\u3068\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u592a\u967d\u5149\u306a\u3069\u518d\u751f\u30a8\u30cd\u30eb\u30ae\u30fc\u304c\u539f\u6cb9\u306e\u9700\u8981\u3092\u4ee3\u66ff\u3057\u3066\u3044\u304f\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u307e\u3059\u304c\u3001\u539f\u6cb9\u3082\u4e00\u5b9a\u306e\u9700\u8981\u3092\u7dad\u6301\u3059\u308b\u3082\u306e\u3068\u8003\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3001\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u7b49\u306e\u958b\u767a\u304c\u9032\u307f\u3001\u4f9b\u7d66\u304c\u5897\u52a0\u3059\u308b\u3053\u3068\u3082\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u3057\u3001\u539f\u6cb9\u306e\u4f9b\u7d66\u30b5\u30a4\u30c9\u3068\u3057\u3066\u306f\u3001\u8d64\u5b57\u306b\u306a\u308b\u4fa1\u683c\u3067\u306f\u751f\u7523\u3059\u308b\u610f\u5473\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u305d\u306e\u70ba\u3001\u7523\u6cb9\u56fd\u306e\u751f\u7523\u30b3\u30b9\u30c8\u306f\u4f9b\u7d66\u91cf\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"rmarker-s\">\u4e0b\u8a18\u306f\u4e3b\u8981\u7523\u6cb9\u56fd\u306e\u539f\u6cb9\u751f\u7523\u30b3\u30b9\u30c8\u3067\u3059\u3002<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-17190\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_production.png\" alt=\"\u539f\u6cb9\u751f\u7523\u30b3\u30b9\u30c8\uff08\u4e3b\u8981\u7523\u6cb9\u56fd\uff09\" width=\"515\" height=\"252\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_production.png 515w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_production-300x147.png 300w\" sizes=\"auto, (max-width: 515px) 100vw, 515px\" \/><\/p>\n<p>\u4e2d\u6771\u7523\u6cb9\u56fd\u306e\u751f\u7523\u30b3\u30b9\u30c8\u306f\u975e\u5e38\u306b\u4f4e\u304f\u30011\u30d0\u30ec\u30eb\uff1d10\u30c9\u30eb\u53f0\u3067\u3082\u5341\u5206\u63a1\u7b97\u304c\u5408\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u3067\u306f\u539f\u6cb9\u4fa1\u683c\u304c10\u30c9\u30eb\u53f0\u306b\u306a\u3063\u3066\u3082\u4e2d\u6771\u7523\u6cb9\u56fd\u306f\u554f\u984c\u306a\u3044\u304b\u3068\u3044\u3046\u3068\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p><span class=\"ymarker-s\">1990\u5e74\u4ee3\u3068\u7570\u306a\u308b\u306e\u306f\u3001\u7523\u6cb9\u56fd\u306f\u3069\u306e\u56fd\u3082\u539f\u6cb9\u95a2\u9023\u306e\u53ce\u5165\u3092\u7e54\u308a\u8fbc\u3093\u3067\u56fd\u5bb6\u4e88\u7b97\uff08\u8ca1\u653f\u4e88\u7b97\uff09\u3092\u7d44\u3093\u3067\u3044\u308b\u70b9\u3067\u3059\u3002<\/span><\/p>\n<p><span class=\"rmarker-s\">\u4e0b\u8a18\u306f\u4e3b\u8981\u7523\u6cb9\u56fd\u306e\u8ca1\u653f\u53ce\u652f\u304c\u5747\u8861\u3059\u308b\u539f\u6cb9\u751f\u7523\u4fa1\u683c\u306e\u4e00\u89a7\u3067\u3059\u3002\uff08\u8ca1\u653f\u53ce\u652f\u5747\u8861\u30b3\u30b9\u30c8\uff09<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-17191\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_fiscalbalance.png\" alt=\"\u8ca1\u653f\u53ce\u652f\u304c\u5747\u8861\u3059\u308b\u539f\u6cb9\u751f\u7523\u4fa1\u683c\" width=\"493\" height=\"303\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_fiscalbalance.png 493w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_fiscalbalance-300x184.png 300w\" sizes=\"auto, (max-width: 493px) 100vw, 493px\" \/><\/p>\n<p>\u30b5\u30a6\u30b8\u30a2\u30e9\u30d3\u30a2\u3092\u4f8b\u306b\u898b\u3066\u307f\u308b\u3068\u751f\u7523\u30b3\u30b9\u30c8\u306f1\u30d0\u30ec\u30eb\uff1d3\u30c9\u30eb\u3067\u3059\u304c\u300180\u30c9\u30eb\u4ee5\u4e0a\u3067\u306a\u3044\u3068\u8ca1\u653f\u8d64\u5b57\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"rmarker-s\">\u6b21\u306b\u4e3b\u8981\u7523\u6cb9\u56fd\u306e\u7d4c\u5e38\u53ce\u652f\u304c\u5747\u8861\u3059\u308b\u539f\u6cb9\u751f\u7523\u4fa1\u683c\u306e\u4e00\u89a7\u3067\u3059\u3002\uff08\u7d4c\u5e38\u53ce\u652f\u5747\u8861\u30b3\u30b9\u30c8\uff09<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-17192\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_currentbalance.png\" alt=\"\u7d4c\u5e38\u53ce\u652f\u304c\u5747\u8861\u3059\u308b\u539f\u6cb9\u751f\u7523\u4fa1\u683c\uff08\u4e3b\u8981\u7523\u6cb9\u56fd\uff09\" width=\"479\" height=\"261\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_currentbalance.png 479w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/08\/oilprice_cost_currentbalance-300x163.png 300w\" sizes=\"auto, (max-width: 479px) 100vw, 479px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">\u30b5\u30a6\u30b8\u30a2\u30e9\u30d3\u30a2<\/span><span style=\"font-weight: 400;\">\u306f<\/span>55\u30c9\u30eb\u4ee5\u4e0a\u3067\u306a\u3044\u3068\u7d4c\u5e38\u53ce\u652f\u3082\u8d64\u5b57\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u4e0a\u8a18\u3067\u7d39\u4ecb\u3057\u305f\u8ca1\u653f\u53ce\u652f\u304c\u5747\u8861\u3059\u308b\u539f\u6cb9\u4fa1\u683c\u306f80\u30c9\u30eb\u3067\u3059\u306e\u306755\u30c9\u30eb\u3092\u4e0b\u56de\u308b\u3068\u53cc\u5b50\u306e\u8d64\u5b57\u3068\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u6642\u7684\u3067\u3042\u308c\u3070\u554f\u984c\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u9577\u671f\u9593\u306e\u8ca1\u653f\u8d64\u5b57\u3084\u7d4c\u5e38\u8d64\u5b57\u306f\u8a31\u5bb9\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<p>\u4ed6\u306e\u7523\u6cb9\u56fd\u306e\u30c7\u30fc\u30bf\u3082\u7dcf\u5408\u3059\u308b\u3068\u3001\u7523\u6cb9\u56fd\u306e\u8ca1\u653f\u53ce\u652f\uff08\u56fd\u5bb6\u4e88\u7b97\uff09\u30d9\u30fc\u30b9\u306e\u30b3\u30b9\u30c8\u3067\u307f\u305f\u5834\u5408\u30011\u30d0\u30ec\u30eb\uff1d60\u30c9\u30eb\uff5e80\u30c9\u30eb\u7a0b\u5ea6\u304c\u5fc5\u8981\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u540c\u69d8\u306b\u7d4c\u5e38\u53ce\u652f\u30d9\u30fc\u30b9\u306e\u30b3\u30b9\u30c8\u3067\u307f\u305f\u5834\u5408\u306f1\u30d0\u30ec\u30eb\uff1d50\uff5e60\u30c9\u30eb\u306f\u5fc5\u8981\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u3088\u3063\u3066\u3001\u539f\u6cb9\u4fa1\u683c\u306f1\u30d0\u30ec\u30eb\uff1d50\u30c9\u30eb\u4ee5\u4e0b\u306b\u306a\u308b\u3068\u3001\u4f9b\u7d66\u30b5\u30a4\u30c9\u304b\u3089\u4fa1\u683c\u4e0a\u6607\u30d0\u30a4\u30a2\u30b9\u304c\u304b\u304b\u308b\u5f62\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>\u4e00\u65b9\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u3068\u3001\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u306e\u5897\u7523\u3084\u3001\u4e16\u754c\u7d4c\u6e08\u304c\u6e1b\u901f\u3057\u3066\u9700\u8981\u304c\u6e1b\u5c11\u3059\u308b\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u305d\u3046\u8003\u3048\u308b\u3068\u539f\u6cb9\u4fa1\u683c\u306e\u9069\u6b63\u6c34\u6e96\u306f1\u30d0\u30ec\u30eb\uff1d50\u30c9\u30eb\uff5e90\u30c9\u30eb\u524d\u5f8c\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n<p>\u539f\u6cb9\u4fa1\u683c\u306f\u76ee\u5b89\u3068\u306a\u308b\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff08\u682a\u5f0f\u3067\u306ePER\u3001PBR\u3001\u914d\u5f53\u5229\u56de\u308a\uff09\u304c\u306a\u304f\u9069\u6b63\u4fa1\u683c\u3092\u4e88\u60f3\u3059\u308b\u3053\u3068\u306f\u96e3\u3057\u3044\u6295\u8cc7\u5bfe\u8c61\u3067\u3059\u304c\u3001\u4eca\u56de\u306f\u751f\u7523\u30b5\u30a4\u30c9\u306e\u30b3\u30b9\u30c8\u304b\u3089\u5206\u6790\u3057\u3066\u307f\u307e\u3057\u305f\u3002<\/p>\n<p>\u6b21\u306f\u539f\u6cb9\u306b\u95a2\u9023\u3059\u308b\u6295\u8cc7\u5546\u54c1\u306e\u7d39\u4ecb\u3067\u3059\u3002<\/p>\n<h2>\u539f\u6cb9\u95a2\u9023\u306e\u6295\u8cc7\u5546\u54c1<\/h2>\n<h3>\u00a0\u539f\u6cb9\u4fa1\u683c\u306b\u9023\u52d5\u3059\u308bETF\u306f\u8981\u6ce8\u610f<\/h3>\n<p>\u539f\u6cb9\u4fa1\u683c\u306b\u9023\u52d5\u3059\u308b\u5546\u54c1\u3068\u3057\u3066\u306fETF\u304c\u307e\u305a\u6700\u521d\u306b\u601d\u3044\u6d6e\u304b\u3076\u65b9\u3082\u591a\u3044\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u305f\u3060\u3057\u3001<span class=\"ymarker-s\">\u539f\u6cb9ETF\u306e\u5834\u5408\u306f\u88cf\u4ed8\u3051\u8cc7\u7523\u304c\u73fe\u7269\u3067\u306f\u306a\u304f\u5148\u7269<\/span>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u305d\u306e\u7d50\u679c\u3001\u30cb\u30e5\u30fc\u30b9\u306a\u3069\u3067\u5831\u9053\u3055\u308c\u308b\u539f\u6cb9\u4fa1\u683c\u3068\u539f\u6cb9ETF\u306e\u4fa1\u683c\u306f\u5927\u304d\u304f\u4e56\u96e2\u3059\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u6295\u8cc7\u5bfe\u8c61\u3068\u3057\u3066\u306f\u6a5f\u80fd\u3057\u307e\u305b\u3093\u3002<\/span><\/p>\n<p>\u5148\u7269\u3067\u306e\u904b\u7528\u306e\u5834\u5408\u3001\u5fc5\u305a\u9650\u6708\u4ea4\u4ee3\uff08\u5148\u7269\u306e\u30ed\u30fc\u30eb\uff09\u306e\u554f\u984c\u304c\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n<p>\u5148\u7269\u3092\u30ed\u30fc\u30eb\u3059\u308b\u969b\u306b\u3001\u540c\u3058\u4fa1\u683c\u3067\u4e57\u308a\u63db\u3048\u3089\u308c\u308c\u3070\u554f\u984c\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u591a\u304f\u306e\u5834\u5408\u3001\u671f\u5148\uff08\u6c7a\u6e08\u6642\u671f\u304c\u5f8c\uff09\u306e\u5148\u7269\u4fa1\u683c\u306e\u65b9\u304c\u9ad8\u3044\u306e\u3067\u4e57\u308a\u63db\u3048\u308b\u3068\u30ed\u30b9\u304c\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n<p>\u7279\u306b\u539f\u6cb9\u4fa1\u683c\u306b\u5148\u9ad8\u89b3\u304c\u3042\u308b\u5834\u5408\u306f\u305d\u306e\u50be\u5411\u304c\u5f37\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u539f\u6cb9\u306b\u9023\u52d5\u3059\u308bETF\u3084\u6295\u4fe1\u3092\u8cfc\u5165\u3057\u3066\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u305f\u306e\u306b\u3001\u601d\u3063\u305f\u307b\u3069\u5132\u304b\u3063\u3066\u3044\u306a\u3044\u306a\u3068\u611f\u3058\u308b\u3068\u304d\u306f\u3001\u5927\u534a\u306f\u3053\u308c\u304c\u539f\u56e0\u3067\u3059\u3002<\/span><\/p>\n<p>\u539f\u6cb9\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u305f\u969b\u306b\u3001\u30ea\u30d0\u30a6\u30f3\u30c9\u3092\u72d9\u3044\u539f\u6cb9ETF\u3078\u306e\u6295\u8cc7\u304c\u5897\u3048\u307e\u3059\u304c\u3001\u305d\u306e\u5f8c\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u30ea\u30d0\u30a6\u30f3\u30c9\u3057\u3066\u3082ETF\u306f\u3042\u307e\u308a\u5132\u304b\u3089\u306a\u3044\u3068\u3044\u3063\u305f\u3053\u3068\u304c\u3088\u304f\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n<p>\u8a73\u3057\u304f\u306f\u300c<a href=\"https:\/\/finance-gfp.com\/?p=14933\" target=\"_blank\" rel=\"noopener\">\u539f\u6cb9\uff08\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\uff09ETF\u306f\u5148\u7269\u306e\u30ed\u30fc\u30eb\u304c\u3042\u308b\u306e\u3067\u6ce8\u610f\u304c\u5fc5\u8981<\/a>\u300d\u306b\u63b2\u8f09\u3057\u3066\u304a\u308a\u307e\u3059\u306e\u3067\u3001\u305d\u3061\u3089\u3067\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<h3>\u30a8\u30cd\u30eb\u30ae\u30fc\u682a\u306b\u6295\u8cc7\u3059\u308b\u6295\u4fe1<\/h3>\n<p>\u30a8\u30cd\u30eb\u30ae\u30fc\u682a\u306f\u539f\u6cb9\u95a2\u9023\u306e\u6295\u8cc7\u5bfe\u8c61\u3067\u3059\u304c\u3001\u3084\u306f\u308a\u5024\u52d5\u304d\u306f<span class=\"ymarker-s\">\u539f\u6cb9\u3088\u308a\u3082\u4e16\u754c\u306e\u682a\u5f0f\u5e02\u5834\u306b\u8fd1\u3044\u63a8\u79fb<\/span>\u3068\u306a\u3063\u3066\u3057\u307e\u3057\u307e\u3059\u3002<\/p>\n<p>\u3088\u3063\u3066\u3001\u4e2d\u9577\u671f\u7684\u306b\u539f\u6cb9\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u305f\u3068\u3057\u3066\u3082\u30a8\u30cd\u30eb\u30ae\u30fc\u682a\u306e\u52d5\u304d\u306f\u5fc5\u305a\u3057\u3082\u540c\u69d8\u3068\u306f\u9650\u308a\u307e\u305b\u3093\u3002<\/p>\n<h3>MLP\u306b\u6295\u8cc7\u3059\u308b\u6295\u4fe1<\/h3>\n<p>MLP\u306e80\uff05\u3092\u5360\u3081\u308b\u4e2d\u6d41MLP\u306f\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3084\u8caf\u8535\u65bd\u8a2d\u306e\u5229\u7528\u6599\u304c\u53ce\u76ca\u6e90\u3067\u3042\u308a\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u306b\u76f4\u63a5\u9023\u52d5\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3088\u3063\u3066\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u3066\u3082MLP\u306e\u696d\u7e3e\u306b\u305d\u308c\u7a0b\u60aa\u5f71\u97ff\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30a4\u30e1\u30fc\u30b8\u7684\u306a\u90e8\u5206\u3082\u3042\u308a\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b\u904e\u7a0b\u3067\u306f\u539f\u6cb9\u4fa1\u683c\u306b\u8db3\u3092\u5f15\u3063\u5f35\u3089\u308c\u3066MLP\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c\u60aa\u5316\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u3053\u306e\u3088\u3046\u306bMLP\u304c\u9023\u308c\u5b89\u3057\u305f\u5c40\u9762\u3067MLP\u306e\u30ea\u30d0\u30a6\u30f3\u30c9\u3092\u72d9\u3046\u3053\u3068\u306f\u6709\u52b9\u3067\u3059\u3002<\/span><\/p>\n<p>\u305f\u3060\u3057\u3001\u3042\u304f\u307e\u3067\u77ed\u4e2d\u671f\u306e\u6295\u8cc7\u306b\u3057\u3066\u304a\u3044\u305f\u65b9\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<ul>\n<li>MLP\u306b\u3064\u3044\u3066\u306e\u8a73\u3057\u3044\u5185\u5bb9\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=276\" target=\"_blank\" rel=\"noopener noreferrer\">\u7c73\u56fd\u30a8\u30cd\u30eb\u30ae\u30fcMLP\u30aa\u30fc\u30d7\u30f3\uff08\u30a8\u30cd\u30eb\u30ae\u30fc\u30fb\u30e9\u30c3\u30b7\u30e5\uff09\/ 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