Sentences with phrase «bad low oil prices»

Just how bad low oil prices are — if they're bad at all — kind of depends on your perspective, he says.

Not exact matches

Because I don't see the capital markets continuing to fund non-conventional oil drilling when the ever present risk of prolonged low prices, or worse another step down I therefore see the balancing of the market occurring sooner then you suggest.

If lower oil prices are as bad for Canada's economy as rate - cutting Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality.

Commodity prices have been heading lower for more than four years, and according to data accessible via Bloomberg, commodities have been the worst performing asset class of 2015, with the most severe losses in cyclical commodities, such as oil and industrial metals.

However, the fact that the average quantity of frack sand used per well has more than doubled in recent years — which has helped lower the breakeven price of U.S. shale oil — should help insulate the industry from the worst of the oil crash.

He says oil prices are «so low right now, consensus earnings expectations have dropped through the floor and they keep getting worse.»

Before turning to the «good news» about low crude oil prices (and there surely is good news), it's worthwhile noting that whether individual businesses find these low prices to be good or bad depends largely upon the economic sector in which they operate.

Second, it's frequently been asserted that low oil prices are bad news for the development of alternative forms of energy, including renewable sources.

And, of course, low oil prices are systematically bad news for oil producers, including the major U.S. companies.

The U.S. shale oil boom is becoming its own worst enemy, say industry analysts, who see the supply glut pushing the price of oil so low it may become uneconomical to pry petroleum from those tight rock formations.

What's this means is production, and thus supply for the market, will decline rapidly if the recent drop in the price of oil discourages new drilling, which could well be the case if the price remains low, or worse yet, continues to drop.

«As bad as current market conditions have been for onshore oil producers, low oil prices have resulted in even greater cutbacks in capital spending for offshore oil producers,» said Isaac Orr, research fellow at The Heartland Institute, which publishes Environment & Climate News.