Sentences with phrase «current global oil»

Let's say the EROI of current global oil extraction is 50 and we extract 85 mb / d.

The American public will wake up to the current global oil and environmental crisis only after it's too late.

Not exact matches

The world's «easy oil» has been depleted, Grantham argues, and current high inventory levels will be used up sooner than the market expects — assuming reasonable global GDP growth.

Oil is currently trading at about US$ 45 / bbl, which in current dollars puts it below where it was at the end of 2008, back when global markets were still in the thick of the financial crisis.

By 2035, the IEA estimates that world coal consumption needs to fall by 30 percent from current levels, while global oil usage will have to drop by 12 percent.

During our webcast last month, Brian Hicks, portfolio manager of our Global Resources Fund (PSPFX), emphasized the point that the current price of oil just isn't sustainable:

The optimistic longer - term projections that have been issued by the three main reporting agencies as well as from most Wall Street analysts are looking more and more like they may be off the mark as the current fundamentals are in no way suggesting the global oil market is already in a rebalancing pattern.

Comments from global oil producers for additional signals on whether they plan to extend their current production - cut agreement into next year will also remain on the forefront.

In tandem, the era of high oil prices prompted an increase in saving among oil producers... Using the increase in emerging markets» current account surplus as a guide suggests the desired saving schedule has shifted to the right by 1pp as a result of the EM saving glut, which lowers the global real rate by round 25bps.

The current widening trend for credit spreads dates back to mid-2014, which is when the oil price began to trend downward and obvious cracks began to appear in the global growth theme.

Oil prices are poised to shoot through the top of recent ranges amid growing global demand and that could boost U.S. crude by some 36 percent from current levels, one analyst told CNBC.

By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the current oil situation, and that means keeping the taps flowing in the midst of a global glut no matter how low prices go.

Global oil producers were able to earn attractive full - cycle rates of returns on capital employed above $ 85 per barrel, but at current prices, the industry is being forced to significantly pare back drilling activity.

Focusing on the United Kingdom, we believe current conditions favor large UK multinational companies that obtain much of their earnings abroad or report their results in foreign currencies (e.g., global integrated oil and gas companies).

My friends in the industry say this is a ludicrous oversimplification for a number of reasons including (1) Kenney's valuation is based on what he called the «current global market value» ($ 60 / barrel) which doesn't apply to bitumen, (2) he hasn't included the cost of extraction or the fact producers would never dump that much oil onto the market at once and (3) Albertans only get royalties, not the entire amount.

The perception of a potentially inflationary global environment, combined with current interest rate policies, is yielding a strong financial interest in oil.

With oil prices soaring and concerns about global warming and climate change growing, the pressure is on to find new ways of managing the current and future energy supply.

If global oil consumption continues to rise at the current rate of 1.3 per cent per year, the planet's proven oil reserves of 1.332 trillion barrels are expected to run out in 2041.

So does the food system, once you get away from growing food [in] oil which is our current preoccupation and one that isn't going to last much longer, the need for local production and control and whatever food has the same, and I was trying to argue at the end I think much the same thing is sort of happening with culture as well, that we have simultaneously this incredibly interesting global thing, the Internet and it's allowing you to live very locally and globally at the same time.

This ability could make them better at determining current speed and direction, which have major effects on the shipping industry, oil and gas operations, and global weather.

«Sustaining current and projected rates of Arctic oil and gas could transform local economies and global energy dynamics.»

«We are proud to offer this webinar for the oil & gas industry, showcasing Dr. Advincula's outstanding contribution towards cost reduction and sustainability for the current energy producers and paving the way for future innovations that can enable global energy solutions.»

Global Economic Pessimism Unwarranted Excessive pessimism characterizes the current view on the global growth outlook, with some of this sentiment due to a mistaken interpretation of the reasons behind the recent sharp decline in oil pGlobal Economic Pessimism Unwarranted Excessive pessimism characterizes the current view on the global growth outlook, with some of this sentiment due to a mistaken interpretation of the reasons behind the recent sharp decline in oil pglobal growth outlook, with some of this sentiment due to a mistaken interpretation of the reasons behind the recent sharp decline in oil prices.

The world's «easy oil» has been depleted, Grantham argues, and current high inventory levels will be used up sooner than the market expects — assuming reasonable global GDP growth.

The perception of a potentially inflationary global environment, combined with current interest rate policies, is yielding a strong financial interest in oil.

Capturing and sequestering 16 % of current global annual CO2 output would entail managing a mass of material very close to the mass of the 80mb / d of crude oil handled by the oil industry's entire infrastructure heritage — which has taken over a century to build while being funded by the planet's most profitable enterprise.

«A new study, prepared at the request of the Russian security agencies, concludes that global warming is likely to make it impossible for Moscow to continue to export oil and gas at current rates and thus over the next decade or more will undermine the foundations of Russia's economic recovery and international standing...

To be blunt, current American immigration policy is ONLY sustainable if there is a MAJOR global WAR within the next two decades as cheap oil dries up.

If the current strong growth of plastics usage continues as expected, the plastics sector will account for 20 % of total oil consumption and 15 % of the global annual carbon budget by 2050.

Based on information and analysis about the North American crude transport infrastructure (particularly the proven ability of rail to transport substantial quantities of crude oil profitably under current market conditions, and to add capacity relatively rapidly) and the global crude oil market, the draft Supplemental EIS concludes that approval or denial of the proposed Project is unlikely to have a substantial impact on the rate of development in the oil sands, or on the amount of heavy crude oil refined in the Gulf Coast area.

Oil is something like a third of current global emissions, so 100 years of oil at contemporary levels would be like locking in current emissions for 33 yeaOil is something like a third of current global emissions, so 100 years of oil at contemporary levels would be like locking in current emissions for 33 yeaoil at contemporary levels would be like locking in current emissions for 33 years.

He told producers that if current policies remain in place global energy demand will grow by 25 % by 2015, and by that time oil demand will reach 99.5 mb / d.

Current oil price levels reflect not only geopolitics but also bottlenecks in both upstream and downstream capacities and are a risk to sustained global economic growth.

This morning, the IEA has declared that «the age of cheap oil is over» and that current commitments by world leaders won't be anywhere near enough to limit global warming to 2C.

Maria van der Hoeven, the IEA's executive director, said: «Coal's share of the global energy mix continues to grow each year, and if no changes are made to current policies, coal will catch oil within a decade.»

The same IEA report compares coal and oil's current 46 per cent share of global electricity generation to what it would be in 2030 under the 2 °C degree scenario.

Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20 % from the current 93... Read morOil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20 % from the current 93... Read moroil output capacity could grow by nearly 20 % from the current 93... Read more →

«In addition to abandoning more than 80 percent of current global coal reserves, the researchers say, the world should forego extracting a third of its oil and half of its gas reserves before 2050,» National Geographic reported, with apparent approval.

At Chevron, a similar resolution sought to make the oil company's current carbon emissions reduction goals more challenging by syncing the targets with the global emissions limits needed to prevent runaway global warming.

The oil producing giant last night blocked efforts to include references in the Paris deal to a UN report that says it would be better to limit global warming to 1.5 C above pre-industrial levels rather than the current 2C target.

At current production rates, high - carbon tar sands oil and its byproducts throw off enough greenhouse gas emissions to mark Canada as an obstacle to stopping global warming short of catastrophic levels.

At current levels, oil sands producers are collecting a price «in the teens» for the bitumen portion of WCS, an amount that is below some companies» stated costs, according to Tom Kloza, global head of energy analysis for the Oil Price Information Servioil sands producers are collecting a price «in the teens» for the bitumen portion of WCS, an amount that is below some companies» stated costs, according to Tom Kloza, global head of energy analysis for the Oil Price Information ServiOil Price Information Service.

This means that in order to sequester just a fifth of current CO2 emissions we would have to create an entirely new worldwide absorption - gathering - compression - transportation - storage industry whose annual throughput would have to be about 70 percent larger than the annual volume now handled by the global crude oil industry whose immense infrastructure of wells, pipelines, compressor stations and storages took generations to build.Technically possible — but not within a timeframe that would prevent CO2 from rising above 450 ppm.

The study notes that current global reserves of coal, oil and gas equate to the release of nearly 3 trillion tonnes of CO2 when used and based on this draws the conclusion that two thirds of this can not be consumed if a global budget were in place that limits emissions to 1.1 trillion tonnes of CO2 for the period 2011 to 2050.

The company expects energy demand to grow at an average of about 1 % annually over the next three decades — faster than population but much slower than the global economy — with increasing efficiency and a gradual shift toward lower - emission energy sources: Gas increases faster than oil and by more BTUs in total, while coal grows for a while longer but then shrinks back to current levels.

The current plan seems to be that when the oil begins to run out and the price of gas is to high, then it becomes affordable to convert oil sands in Canada to fuel (Downside is more Co2 released further contributes to global warming).

San Francisco and Oakland are suing five major oil companies, including ExxonMobil, for damages allegedly caused by man - made global warming, arguing Big Oil covered up the knowledge their products would change the climate and should pay for current and future damagoil companies, including ExxonMobil, for damages allegedly caused by man - made global warming, arguing Big Oil covered up the knowledge their products would change the climate and should pay for current and future damagOil covered up the knowledge their products would change the climate and should pay for current and future damages.

Research published in Nature recommends that, globally, a third of oil reserves, half of gas reserves, and over 80 percent of current coal reserves should remain unused from 2010 to 2050, in order to keep average global temperatures from rising no more than two degrees Celsius above pre-industrial levels.

Steep price rises for oil and gas could stymie global demand or prolong the current coal boom or it could all run out sooner than expected.

Still, my best bet for the future is that global oil output will never rise much above its current level, and that a definite decline will be evident within a decade or so.