Historically, such widespread unrest would have
caused global oil prices to march higher, but instead of rising against the backdrop of heightened geopolitical risks, Brent, the global price benchmark, has recently sunk below $ 100 a barrel.
Not exact matches
It also gradually phased out subsidies that kept retail fuel cheap,
causing prices at the pump to climb by an average of nearly 25 % since 2014, even though
global oil prices fell by as much as 75 % during that period.
The report said a
price recovery is expected to
cause the most pain among companies drilling in the United States, who rely mostly on hydraulic fracturing, which isn't profitable unless the average
global price of
oil is around $ 60 per barrel.
Investors are now almost unanimously assuming a vicious circle, whereby collapsing
oil prices cause a
global slowdown, which leads to even weaker energy demand and further
oil price declines.
Low crude
prices and a booming
global economy have
caused the biggest
oil glut in history to disappear before your very eyes.
AU is also moving aggressively into solar energy, part of a trend in the technology industry
caused by a
global rise in electricity use and high
oil prices.
The US Fed indicated further moves would be dependent on
global factors and
oil prices — a key detail signifying that future rate hikes seem likely to develop on a slower scale,
causing a European government bond market rally on Thursday, sending yields lower in the region.
Global and international equity market indices (in local currency) moved higher in the 4th quarter despite increasing equity market volatility
caused in part by the continued rapid decline in
oil prices.
Rising
global oil prices are
causing a great deal of tension however, as the Bank worries about the compensation received by Canadian producers.
At the tipping point,
oil prices exceed the pain tolerance of a sufficient number of
global consumers,
causing economies to roll over into severe recession.»
(15) such an open fuel standard would help to protect the United States economy from high and volatile
oil prices and from the threats
caused by
global instability, terrorism, and natural disaster.
(11/15/07) «Ban the Bulb: Worldwide Shift from Incandescents to Compact Fluorescents Could Close 270 Coal - Fired Power Plants» (5/9/07) «Massive Diversion of U.S. Grain to Fuel Cars is Raising World Food
Prices» (3/21/07) «Distillery Demand for Grain to Fuel Cars Vastly Understated: World May Be Facing Highest Grain
Prices in History» (1/4/07) «Santa Claus is Chinese OR Why China is Rising and the United States is Declining» (12/14/06) «Exploding U.S. Grain Demand for Automotive Fuel Threatens World Food Security and Political Stability» (11/3/06) «The Earth is Shrinking: Advancing Deserts and Rising Seas Squeezing Civilization» (11/15/06) «U.S. Population Reaches 300 Million, Heading for 400 Million: No
Cause for Celebration» (10/4/06) «Supermarkets and Service Stations Now Competing for Grain» (7/13/06) «Let's Raise Gas Taxes and Lower Income Taxes» (5/12/06) «Wind Energy Demand Booming: Cost Dropping Below Conventional Sources Marks Key Milestone in U.S. Shift to Renewable Energy» (3/22/06) «Learning From China: Why the Western Economic Model Will not Work for the World» (3/9/05) «China Replacing the United States and World's Leading Consumer» (2/16/05)» Foreign Policy Damaging U.S. Economy» (10/27/04) «A Short Path to
Oil Independence» (10/13/04) «World Food Security Deteriorating: Food Crunch In 2005 Now Likely» (05/05/04) «World Food
Prices Rising: Decades of Environmental Neglect Shrinking Harvests in Key Countries» (04/28/04) «Saudis Have U.S. Over a Barrel: Shifting Terms of Trade Between Grain and
Oil» (4/14/04) «Europe Leading World Into Age of Wind Energy» (4/8/04) «China's Shrinking Grain Harvest: How Its Growing Grain Imports Will Affect World Food
Prices» (3/10/04) «U.S. Leading World Away From Cigarettes» (2/18/04) «Troubling New Flows of Environmental Refugees» (1/28/04) «Wakeup Call on the Food Front» (12/16/03) «Coal: U.S. Promotes While Canada and Europe Move Beyond» (12/3/03) «World Facing Fourth Consecutive Grain Harvest Shortfall» (9/17/03) «Record Temperatures Shrinking World Grain Harvest» (8/27/03) «China Losing War with Advancing Deserts» (8/4/03) «Wind Power Set to Become World's Leading Energy Source» (6/25/03) «World Creating Food Bubble Economy Based on Unsustainable Use of Water» (3/13/03) «
Global Temperature Near Record for 2002: Takes Toll in Deadly Heat Waves, Withered Harvests, & Melting Ice» (12/11/02) «Rising Temperatures & Falling Water Tables Raising Food
Prices» (8/21/02) «Water Deficits Growing in Many Countries» (8/6/02) «World Turning to Bicycle for Mobility and Exercise» (7/17/02) «New York: Garbage Capital of the World» (4/17/02) «Earth's Ice Melting Faster Than Projected» (3/12/02) «World's Rangelands Deteriorating Under Mounting Pressure» (2/5/02) «World Wind Generating Capacity Jumps 31 Percent in 2001» (1/8/02) «This Year May be Second Warmest on Record» (12/18/01) «World Grain Harvest Falling Short by 54 Million Tons: Water Shortages Contributing to Shortfall» (11/21/01) «Rising Sea Level Forcing Evacuation of Island Country» (11/15/01) «Worsening Water Shortages Threaten China's Food Security» (10/4/01) «Wind Power: The Missing Link in the Bush Energy Plan» (5/31/01) «Dust Bowl Threatening China's Future» (5/23/01) «Paving the Planet: Cars and Crops Competing for Land» (2/14/01) «Obesity Epidemic Threatens Health in Exercise - Deprived Societies» (12/19/00) «HIV Epidemic Restructuring Africa's Population» (10/31/00) «Fish Farming May Overtake Cattle Ranching As a Food Source» (10/3/00) «OPEC Has World Over a Barrel Again» (9/8/00) «Climate Change Has World Skating on Thin Ice» (8/29/00) «The Rise and Fall of the
Global Climate Coalition» (7/25/00) «HIV Epidemic Undermining sub-Saharan Africa» (7/18/00) «Population Growth and Hydrological Poverty» (6/21/00) «U.S. Farmers Double Cropping Corn And Wind Energy» (6/7/00) «World Kicking the Cigarette Habit» (5/10/00) «Falling Water Tables in China» (5/2/00) Top of page
Future Energy: How the New
Oil Industry Will Change People, Politics, and Portfolios (John Wiley & Sons) describes how a combination of high prices, national insecurity and environmental anxiety is causing the world to move away from a politically and economically vulnerable single - source (crude oil) transportation system to a multi-source system which, in addition to providing energy security for every nation, should benefit the global economy and environment - a win - win - w
Oil Industry Will Change People, Politics, and Portfolios (John Wiley & Sons) describes how a combination of high
prices, national insecurity and environmental anxiety is
causing the world to move away from a politically and economically vulnerable single - source (crude
oil) transportation system to a multi-source system which, in addition to providing energy security for every nation, should benefit the global economy and environment - a win - win - w
oil) transportation system to a multi-source system which, in addition to providing energy security for every nation, should benefit the
global economy and environment - a win - win - win.
Given that there is evidence that the high
oil prices of 2008 were part of what
caused the
global recession, this should make the U.S. and other
oil dependent countries nervous.
See also:: Thousands in Mexico City Protest Rising Food
Prices, IRIN: Food Security Africa,:: Averting «Livestock Meltdown»: Biodiversity Key To
Global Food Security,:: Agriculture for Development: World Development Report Gets It Half Right,::
Global Warming Could
Cause World Crop Collapse,:: The True
Price of
Oil: Poverty and Death in Nigeria,:: Food Fight: Is Corn Food or Fuel?
(12) the establishment of such a vehicle fleet and distribution system would provide a large market that would mobilize private resources to substantially advance the technology and expand the production of alcohol fuels in the United States and abroad; (13) the United States has an urgent national security interest to develop alcohol fuels technology, production, and distribution systems as rapidly as possible; (14) new cars sold in the United States that are equipped with an internal combustion engine should allow for fuel competition by being flexible fuel vehicles, and new diesel cars should be capable of operating on biodiesel; and (15) such an open fuel standard would help to protect the United States economy from high and volatile
oil prices and from the threats
caused by
global instability, terrorism, and natural disaster.