Not exact matches
«The business model of an
oil and gas company in the future is going to have to be built
around the abundance model, where your returns are not going to be made by commodity
price increases,» says Munro.
Crude
oil prices have dropped more than 50 per cent since June to
around US$ 50 per barrel, causing some analysts to predict doom
and gloom for Canada's
oil and gas industry
and economy as a whole.
Many owners
and managers also worried about market volatility
around natural
gas pricing compared with
prices for residual
oil, which they knew to be stable
and historically less expensive than other fuels.
Technology, healthcare, utilities,
and consumer staples were the sectors that stole the limelight, while the
gas / energy sector was adversely affected, primarily due to the drastic fall in
oil prices around the world.
With the demand for
oil and natural
gas increasing
around the world, so should the stock
price of Petrobras Brasileiro.
Technology, healthcare, utilities,
and consumer staples were the sectors that stole the limelight, while the
gas / energy sector was adversely affected, primarily due to the drastic fall in
oil prices around the -LSB-...]
It seems like
oil has been pretty steady now
around the $ 100 mark for a long time,
and yet
gas prices continue to rise.
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.
The low
oil and gas prices of the last two years have generally been beneficial for India, but have posed more challenges for China, which focused its energy policy in recent years
around the assumption that
oil and gas would be expensive
and scarce.
Authoritative sources such as EarthTrack have placed the fossil fuel industry's tax
and fiscal subsidies at
around $ 25 billion a year, a figure that pales beside the roughly $ 1,000 billion (one trillion dollars) paid annually for coal,
oil and natural
gas burned in the U.S. Do the math: withdrawing those subsidies would lead to at most a 2 - 3 percent rise in the market
prices of fossil fuels — scant incentive to reduce their use
and concomitant emissions of CO2.
For example, at an
oil price of
around $ 150 per barrel in 2020
and gas price of
around 120 pence per therm, climate change
and energy policies would have the effect of reducing bills in 2020 by
around 5 % compared to a bill excluding these policies.»