For a system of enhanced oil recovery fed by coal plants designed for carbon capture to pay off, Denbury, Tellus and every other oil company must survive
current low oil prices.
Injecting carbon dioxide into old oil wells to drive out more oil is one application, but it's not enough, and it's not clear it even pays, given
current low oil prices.
Not exact matches
And even if that doesn't happen,
current prices remain too
low to encourage new investment in the
oil sands.
The
current popularity of trucks and SUVs is also tied to
low oil prices.
Against this backdrop of delayed rebalancing, we now see
oil prices fluctuating around
current levels, in a
lower range than we had expected earlier this year.
The longer that the
low oil prices last, the longer that very high
prices will persist in future years due to the extreme drop in spending on
current exploration.
The upper end of that projection —
oil prices at US$ 60 — is below most of the
current analyst forecasts, with expectations for the WTI
price predominantly in the
low US$ 50s, or below.
India imports nearly 75 % of its
oil (source: Central Statistical Office, India), so sustained
low crude
prices improved the inflation picture and
current account balance (source: Bloomberg data).
Thanks to the
low - cost nature of those wells, the company expects to deliver 20 % compound annual production growth through 2019 while living within cash flow around
current oil prices.
Current WTI
prices are not that far from a US$ 40 - per - barrel
oil, which has the industry and analysts wonder how
low an
oil price the U.S. shale can afford.
Until a balance is restored between supply and demand, though, Saudi Arabia is willing to endure the
current low price of
oil, even as its own budget, heavily reliant on energy revenues, faces a deficit of $ 98 billion, or 15 percent of gross domestic product, for fiscal 2016.
3) Persisting external pressures in the form of
low dollar liquidity and declining net international reserves, despite higher
oil prices and a decreasing
current account deficit
Higher
oil prices would reinforce
current market trends based on reflation: rising long - term bond yields and a shift out of perceived safer assets — bond proxies and
low - volatility stocks — and into cyclical assets such as EM.
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.
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.
If this isn't the case and all the
oil being produced is needed for
current consumption, then the
price of
oil for future delivery can drop to an unusually
low level relative to the spot
price and stay there.
That could rise quickly, with the
current on - fire stock market, rising
oil prices, and unemployment at its
lowest level since 2007.
Even still, given Angola's overreliance on one single sector, these measures are proving insufficient in the
current context of
low oil prices.
The committee, in a communique issued at the end of its first meeting for the 2016 fiscal period in Abuja, observed that while the period of
low oil prices, which occurred in 2005, lasted for a maximum of eight months, the
current situation was expected to continue over a longer period of time.
The decisions the
current Government takes on transport to tackle the dual challenges of climate change and rising
oil prices could have significant repercussions for many years to come... Friends of the Earth is calling on the Government to: «Change direction on transport policy - and aim to rapidly move towards a
low - carbon transport system... Vehicle Excise Duty must be changed to make road tax on gas - guzzlers more expensive - and cheaper for greener cars...»
Oil companies that today pay for CO2 to be delivered from natural deposits are in danger of losing money, because the current price of oil is so l
Oil companies that today pay for CO2 to be delivered from natural deposits are in danger of losing money, because the
current price of
oil is so l
oil is so
low.
The
current, very
low oil prices are a good opportunity to really get going on this issue.»
With the
price of
oil dropping to new 5 - year
lows today, and new concerns about Greece / Euro, now would be a good time to consider some in - the - money covered calls (where the strike
price is below the
current stock
price) so that you can earn some premium but also have a bit more downside protection working for you.
The
current quote of NYMEX crude is
lower by $ 2 today as the
price action of crude
oil has been on a downhill slide since the end of June 2014.
The energy and materials sectors have been the sore spot for the high yield market, given the anxiety over credit quality, as
current low prices in
oil and commodities, along with a Fed increase in rates, may be a cause for concern for future earnings and the cost of capital.
In discussing
oil shale, Mr. Bush made a fresh effort to get Democrats in Congress to consider unlocking the vast deposits of the Green River Basin, saying the cost of production is
low enough to make such supplies competitive at
current prices.
This analytical report looks at how the key causes of the
current food crisis are the combined effects of speculation in food stocks, extreme weather events,
low cereal stocks, growth in biofuels competing for cropland and high
oil prices.
«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.
For clean energy to out - compete all supplies of
oil on
price alone, they can't just get below the
current price of
oil — they will have to get below the
lowest - cost
oil supplies, which are very cheap.
By 2022, BNEF estimates electric vehicles will cost the same as their internal combustion counterparts, and if growth continues at the
current pace,
oil displacement by electric cars will reach 2 million barrels per day by 2023 — the size of the
current oil glut and enough to drive global
oil prices to record
lows.
«While we have this
current environment of
lower oil prices, Wood Buffalo was on a longer - term trend of having fewer and fewer sales every year.
Ryan discusses the death of Osama Bin Laden; Ryan reviews the economic news of the week; Ryan notices the correlation between increased home sales and interest rate drops; Louis notes we can't expect the housing market to be supported by further decreases in rates as they are already near historic
lows; Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in to an interest rate; Ryan advises the importance of keeping in touch with your mortgage lender; Louis notes that interest rates change a lot faster than home
prices; Ryan notes that the consumer confidence was up, Ryan and Louis discuss the Fed's decision to keep interest rates where they are and to continue the $ 600 billion QE2 program; Ryan and Louis discuss the Fed's view that inflation is nascent; Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between
oil prices and Fed policy; Louis discusses Ben Bernanke's assertion that the Fed can't control
oil prices but that they somehow can control the impact of higher
oil prices on the rest of the economy; Louis also remarks on Bernanke's view of the dollar - the claim that a strong dollar can be achieved through the Fed's
current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress» spendthrift ways — if the Fed did not monetize the debt, Congress could» nt spend; Louis noted that as Bernanke spoke the
prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money; the
current Fed policy will keep interest rates
low; Ryan notes that the Fed knows that they can't let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson's Choice - either keep rates
low or let interest rates rise and cut off the recovery.