High oil prices make Asia pursue green energy September 9, 2005 For energy - hungry Asian governments, the answer could literally be blowing in the wind.
High oil prices make Asia pursue green energy
High oil prices make Asia pursue green energy By David Fogarty Reuters September 9, 2005 For energy - hungry Asian governments, the answer could...
Recent reports indicate that there is much more gas and oil around the UK (more than we have used already) now that
higher oil prices make recovery of it more economic We are also getting better day by day at producing energy from other sources and reducing the energy we need for specific functions.
Not exact matches
Royal Dutch / Shell and BP on Tuesday joined peers in reporting
higher than expected earnings by
making further deep cuts in spending to cope with an
oil price downturn now in its third year.
«The bottom line is they're committed to holding back supply from the market, which combined with the continued decline of PDVSA in Venezuela is going to
make for
higher oil prices,» said Kilduff.
If the
oil traders are right, they can
make money by buying
oil at today's spot
price, selling a futures contract for delivery at the
higher price expected in the future and storing the
oil in the meantime.
That means there's a new
higher floor under
oil prices as the peak summer demand season approaches, and it also
makes the market vulnerable to a «super spike» if there's any significant supply disruption.
In this case, the Saudi leadership is highly incentivized to get
oil prices higher,
making it a tough fight for the bears in the market, for now.
Expensive
oil made sense only because of the longest period ever of
high oil prices in real dollars from late 2010 until mid-2014.
Meanwhile, the never - ending Middle East conflicts support
high crude
prices, which
makes it feasible to produce shale
oil in the US.
The recent surge in growth in North American non-conventional
oil production, whether it's light
oil from North Dakota or the heavy stuff that comes out of Alberta's
oil sands, is
made possible by
high oil prices, which are in turn linked to world demand remaining robust.
Their sample included a lot of small OPEC countries, who necessarily had
high growth and low interest rates when
oil prices were
high, as well as a lot of Asian countries that followed the Japanese development model and themselves practiced financial repression, which of course
made them pretty useless as points of comparison.
The example of crude
oil alone shows how the U.S.
makes money by buying a product from its NAFTA partners, processing it, and selling the finished product at a
higher price.
Santos chairman Keith Spence said the substantial rise in the
oil price since US predator Harbour Energy
made its indicative buyout overtures will need to be reflected with a
higher proposal if it
makes a firm and binding bid after due diligence is finished in the next two weeks.
But the uniqueness of the business model, the hidden value of the land on the books and the incremental benefit shareholders receive from
higher oil and gas production and
prices make it worth writing about.
That rise is
made worse by the depreciation of the US dollar (in contrast to the case for Australians, who at least have had the benefit of a
high Australian dollar in dampening the rise in
oil prices).
Headline inflation appears set to creep
higher as a rebound in
oil prices makes the year - on - year change in consumer
prices look increasingly favorable.
Prices for
oil have levelled off for now, but if they dropped much more then many
higher cost
oil producers would cut production because there's no profit to be
made.
I also want to address a core argument
made by proponents of the Trans Mountain pipeline, namely, that Alberta and Canada need more access to «tidewater» in order to capture a
higher international
price for
oil, and thus increase public returns.
«It seems reasonable to assume that another year of extreme moves in US dollar (
higher) and
oil / commodity
prices (lower) would likely continue to drive this negative feedback loop and
make it very difficult for policy makers in emerging markets and developing markets to fight disinflationary forces and intercept downside risks,» the analysts add.
Oil companies would rather be losing money on the trades and
making money selling crude at
higher prices, Kilduff said.
We have also worked with these communities to diversify into non-timber forest products that fetch
higher prices, such as mangoes that are
made into pastes and nuts that are processed into
oil and body soaps.
«If they had used 50 % of the money we
made, when
oil prices went as
high as $ 143 dollars per barrel, and stabilized at $ 100 dollars with production at 2.1 million barrels per day for many years, Nigerians would have minded their businesses.
«The Vice President also
made the point that in 2014 with
oil prices as
high as 120 dollars per barrel, the total capital released for Power, Works, Housing, Defence, Transport, Agriculture and Defence were just N152Billion for the whole year.
Oil companies need
higher prices, a lot
higher, and they need to be sure that ANWR will be open long enough at a
high enough
price to
make it worth their while.
The decision comes after sustained pressure from motoring groups and backbench Conservative MPs, who have argued that the
high oil prices of the past few years were already
making driving prohibitively expensive.
«If they had used 50 per cent of the money we
made when
oil prices went as
high as $ 143 per barrel, and stabilised at $ 100 with production at 2.1 million barrels per day for many years, Nigerians would have minded their business.
While the measure is unlikely to
make it through the divided Congress to become law, Democrats hope to score politically with voters frustrated by a confluence of deep budget cuts in Washington, sky -
high prices at the gas pumps, and staggering profits on the
oil giants» bottom lines.
If
oil prices remain
high and governments
make progress on their emissions goals, there's a possibility that the world has already hit peak
oil, and that the next few years will see its use plateau for a while before dropping again.
Nathan says
high prices have
made it increasingly economically viable to extract more unconventional forms of
oil, in particular the asphaltlike tar sands (also known as
oil sand, or extremely heavy crude
oil) plentiful in northern Alberta, Canada.
Consumers will pay
higher prices for palm
oil made by companies that help to protect endangered species, finds a new study by North American and U.K. researchers.
The study, which involved experiments in supermarkets, shows that the
higher prices consumers were willing to pay for conservation grade palm
oil — akin to Fair Trade programs — more than
made up for companies» costs of providing conservation land.
If the
price tag is too
high, try The Ordinary — this company
makes a plant - derived squalane
oil for under $ 10.
Instead of buying them, I
made them for a fraction of the
price using herbs I grew in my own garden and a
high quality, vetted / certified olive
oil (like this one).
Then there's the low
price of
oil, and the typically
higher price for a gallon of diesel fuel versus a gallon of gas, which Nicholson acknowledges can
make diesels a tough sell in our market.
Miller said the subprime debacle, rising unemployment, record -
high oil prices, and now CDS market troubles «have all the
makings of the perfect storm....
The
price that you can sell your
oil for is
high enough that you
make some cash over your variable cost.
It is
priced sufficiently cheaper than other hemp
oil products specifically formulated for dogs,
making it exceptionally appealing for those who are looking for a
high - quality and safe yet affordable product they can give to their pets.
The
prices are
high but the range of leisure facilities, stylish rooms and well -
oiled efficiency that you will find surely
makes it worth the cost for those who expect the best.
The
prices are
high but the range of leisure facilities, stylish rooms and well -
oiled efficiency that you will find surely
makes it worth the cost for those who expect nothing but the best.
10 years ago no one ever thought of
making an alternative fuel vehicle because gas
prices and the cost to change a car's engine keep the overall cost of acceptance too
high, but now, as
oil and gas
prices skyrocket, they're beginning to seep into the awareness of the general public..
I think that
oil price high make countries to think producing at local is good thing.
The best way to
make this happen is to let
high oil prices drive new technology.
After all, while growing food near to where it is consumed may
make sense from an ecological perspective, we can't ignore the sky -
high cost of real estate in New York, combined with the ridiculously low
price of
oil.
And we would eventually get some good return from the
higher prices we would pay, rather than to just
make the
oil companies and other nations richer.
The Carbon Tracker Initiative, which first coined the term the «carbon bubble», foresaw last year that any
oil price slide would
make many unconventional and
high - cost
oil projects uneconomic and risked wasting huge piles of investors» cash.
«We
make (our product) with electricity, we bake it with gas, we refrigerate and freeze it with electricity and we distribute it with gas and
oil,» said McArthur, who said he worries that
high prices could cost his company up to $ 15,000 a year in an industry with a very tight margin for profit.
The only qualification I'd
make is that you need a fairly hefty tax on petrol, or the return of
high oil prices, to induce the shift to electric vehicles you envisage.
The
oil industry didn't
make much noise about the Sierra Club campaign — after all natural gas
prices were low and
oil prices were
high.
Natural gas
prices will likely rise,
making the costs of production
higher and, according to the recent PWC report, shale
oil may depress world crude
prices over the years to come.