Sentences with phrase «economic value of oil»

Petroleum engineers have to evaluate the costs and to estimate the economic value of oil and gas wells, to see if a drilling site is economically viable.

Not exact matches

In 2015, revenue for the 500 largest global corporations dropped 11.5 % to $ 27.6 trillion, owing to falling oil prices and in part by the surge in value of the U.S. dollar, which has stalled economic growth worldwide.

The Keystone XL and other new oil sources create billions of dollars in economic value.

BOEM seeks a wide array of input, including information on the economic, social, and environmental values of all OCS resources, as well as the potential impact of oil and gas exploration and development on other resource values of the OCS and the marine, coastal, and human environments.

But being at war with your smaller neighbor can also be costly, especially if your belligerence attracts international criticism and economic sanctions, and coincides with a collapse in the value of oil, your key export commodity.

The bottom line: In today's economic environment, I would still favor stocks over other assets, but I would focus on pockets of value within the stock market, including Asian equities and large, integrated oil companies.

The analysis examines the methane that is burned off, vented, or leaked from the oil and gas supply chain in New Mexico and quantifies the economic value of that lost gas based on market prices.

Russian luxury consumers travel much less these days, which is not surprising given that the rouble has lost 30 percent of its value against the euro in the past three years, hammered by low oil prices and bruising economic sanctions imposed over Russia's involvement in Ukraine and annexation of Crimea.

The loonie's decline in value is just one aspect of our nation's global economic footprint which includes our ongoing struggle with lower oil prices.

When the International Convention for the Regulation of Whaling was negotiated more than 60 years ago, the main aim was to sustain whale stocks for their only economic value at the time — as a source of oil and meat.

The value of oil product subsidies in APEC (Asia - Pacific Economic Cooperation) countries fell by over 50 percent since 2010, with most of the decline due to pricing reforms rather than changes in international prices.

The government's interest in reducing China's use of coal and petroleum products extends beyond environmental and health concerns; it sees both the strategic value of mitigating its reliance on foreign oil and the economic advantages of being on the technological leading edge of energy production.

To illustrate the economic potential of carbon credits versus oil - palm, we compared the net present value (NPV) of a standard 1,000 - hectare sawit kelapa plantation to a 1,000 - hectare peat swamp preserved for its carbon value.

For example, a separate analysis conducted by the WEO team in 2017 on subsidies in the Asia - Pacific Economic Cooperation (APEC) economies showed that the value of subsidies to oil products for transport has fallen by more than half since 2010, mostly due to pricing reforms.

Significant economic value is lost after each use, and given the projected growth in consumption, by 2050 oceans are expected to contain more plastics than fish (by weight), and the entire plastics industry will consume 20 % of total oil production and 15 % of the annual carbon budget.

Calculating this economic value may be key to keeping these areas protected or establishing new ones, and to help compare the long - term value of protected areas to extractive industries like logging, mining or drilling for oil.