Sentences with phrase «current oil glut»

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.

Only since 1986 and the current oil glut, said Masse, has there been a resurgence in oil use and coal burning.

Not exact matches

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.

While the oil industry waits for the worldwide petroleum glut to decrease — something the International Energy Agency believes might occur by the end of the year — frack sand investors can take comfort in the knowledge that 70 %, 88 %, and 87 % of US Silica's, Hi - Crush Partners», and Emerge Energy's respective current and medium - term production is protected by highly profitable contracts.

Because the southern portion of the Keystone XL pipeline would relieve the current glut of oil in the Midwest, some energy analysts believe it would raise gasoline prices there.

This uncertainty, coupled with a glut of oil supply in global markets, has kept energy industry - dependent office markets such as Houston on the sidelines during the current surge in nationwide office fundamentals, Rutherford says.