Sentences with phrase «global oil crisis»

The WEO is considered to be the annual reference point for the global energy industry, and has been since the IEA was first created in the 1970s in response to the global oil crisis.

Following a second global oil crisis in 1979, the Block Island Economic Development Foundation compiled a report that underscored the urgent need for the island to kick its dependence on oil.

• «Driving to the End of the World» (2004), five works created as a commentary on the global oil crisis made from an old truck that Dial found deserted in the woods, comprise the only series of work Dial ever completed.

Blessed with abundant land and water resources, exploring the agricultural sector will go a long way in boosting Nigeria's economy in the face of global oil crisis.

Labour's five turbulent years of office from 1974 to 1979 came during the global oil crisis and also saw domestic unrest — from militant unions, inflation, IRA and coup talk — which stimulated growing attacks on the Westminster leadership for betrayal and incompetence in the face of harsh choices.

A Paris - based intergovernmental organization, the IEA was established during the 1973 oil shocks and was charged with coordinating international responses to global oil crises, including the release of strategic reserves.

In this way, Porsche demonstrated something that other automotive manufacturers lacked in an era of global oil crises and increasing traffic congestion: steadfast composure.

Not exact matches

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

A report from CIBC World Markets recently predicted the stock market might fall 10 % — 15 % this summer due to a confluence of factors, including a weak U.S. housing market, increasing fiscal strain, expensive oil prices, sluggish corporate earnings growth and disruptions in global supply chains stemming from the Japanese crisis.

In the season where Formula 1 gets to grip with its own «fuel crisis», we look at two of the biggest global oil companies involved with the business of F1.

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.

The Southeast Asian economy expanded 4.9 percent on - year over the April - June period amid uncertainties in global growth, persistent weakness in oil prices and the spreading of what is being called the country's worst - ever political crisis.

The effect of terrorist attacks in 2001, overcapacity, followed later by a high oil price and the global financial crisis, all helped to push many big American carriers into financial difficulty.

Canadian energy company shares are trading at levels not seen since the depths of the 2008 crisis, levels that can only be justified if the global economy falls into another recession and oil prices drop by half.

Global coal consumption grew by just 0.4 % (15 million tonnes oil equivalent or Mtoe)-- its slowest rate since the Asian crisis in 1998 — while production fell by 0.7 % or 28 Mtoe.

This report describes a new age of growing crisis: food price spikes and oil price hikes, devastating weather events, financial meltdowns, and global contagion.

Russia's economy grew at 7.2 % per year from 2000 to the peak of the global financial crisis in 2009, fueled by huge oil and gas revenues.

In addition, a widely used measure of future inflation based on US Treasury Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil prices.

Mergers and acquisitions involving Russian companies, including Morgan Stanley's planned sale of its global oil - trading unit to Rosneft, are threatened by Western sanctions on Moscow over the Ukraine crisis.

Guess the global financial and economical crises or hardship are adding oil to fire since that slows growth to providing jobs and employment opportunities to the growing youth of their generations...!

The 1970s proved a difficult time to be in government for both the Conservatives and Labour due to the 1973 oil crisis which caused high inflation and a global recession.

Even in the face of a global economic and financial crisis in 2007/8 (with oil prices reaching a record high of $ 147 / barrel), economic growth in 2008 rose to 9.1 %.

Public revenues are the lowest since 2009 when oil prices dived as a result of the global financial crisis.

Besides the environmental disaster that fracking is, and the step backward it represents in the fight to turn the tide in the global climate crisis, we can't allow big oil to come into our state, or any state, to bully citizens and take away their rights.»

Besides the environmental disaster that fracking is, and the step backward it represents in the fight to turn the tide in the global climate crisis, we can't allow big oil and gas to come into our state, or any state, to bully citizens and take away their rights.

Alaska relies on revenue from oil production to fund schools, and the global drop in oil prices has led to a school - funding crisis.

He did a creditable job, but global circumstances and the oil crisis of 1973 really finished off any hope that Rivolta would or even could survive.

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

Following the nuclear destruction of the Middle East, the oil - producing nations of South America form the Federation in response to the economic crisis, quickly growing to become a global superpower.

The works in Disco Angola are all dated from 1974 or 1975, a pivotal moment in the history of global political economy: the Bretton Woods monetary regime had collapsed, the 1973 oil crisis was just abating, global markets were enduring the worst crash since the great Depression and the rapprochement between the US and the Soviet Union was breaking down.

Today, with the failure of the suburban experiment and the looming end - of - the world predictions — from global warming and waste to post-peak oil energy crises and uncontrolled world urbanization — architects and urbanists find themselves once more at a crossroad, fertile for visionary thinking.

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

If successful, it will rank right up there with Japan's pioneering of the global LNG age during the 1970s oil crises.

The left says global warming is a real - time crisis requiring swift curbs on smokestack and tailpipe gases that trap heat, and that big oil, big coal and antiregulatory conservatives are trashing the planet.

One of the most influential groups in attacking the science, economics and diplomatic foundations underlying the climate crisis is: The Global Climate Coalition — the main lobbying arm of the oil, automotive and heavy manufacturing sectors in the arena of climate change.

Global Thermostat uses captured CO2 for water desalination, synthetic «clean» fuels, bio-fertilizers, green plastics, building materials, carbonated beverages, greenhouses and enhanced oil recovery to help solve the climate change crisis.

A new organization, appropriately named the Green New Deal Group, has picked up on this idea and is laying out an ambitious 100 month agenda that it says is necessary to prevent dangerous global warming, reports the BBC.Tackling the triple crisis of energy prices, the credit crunch and climate change Comprising a number of experts from the fields of finance, energy and the environment, this group has issued a list of proposals that it claims will tackle the threats of high oil prices, climate change and the credit crisis.

Dirty Oil: How the tar sands are fueling the global climate crisis by Andrew Nikiforuk for Greenpeace, September 2009

If you're wondering why Congress has yet to tackle this global crisis despite overwhelming scientific consensus and ballooning costs of inaction, Think Progress has an interactive map that shows the huge sums of political donations given by the oil and gas industry alongside which members of Congress deny the realities of global warming.

No economist I've talked to links the global financial crisis with the rapid rise in oil prices (other than that the GFC probably contributed to pulling them off the trend to $ 150 +).

Common Dreams By Jessica Corbett 6 Feb 2018 Michael Foster, the valve turner who temporarily halted the flow of tar sands oil in TransCanada's Keystone pipeline in October 2016, called for future actions to address the global climate crisis before he headed to prison, where he is expected to serve at least a year of his three - year sentence.

This is certainly the case in my sector of oil and gas, where oil prices have slumped to a level not seen since the global financial crisis — visit our recently launched Oil & Gas Global Salary Guide 2016 to gain an insight into the labour market trends and hiring challenges within this industoil and gas, where oil prices have slumped to a level not seen since the global financial crisis — visit our recently launched Oil & Gas Global Salary Guide 2016 to gain an insight into the labour market trends and hiring challenges within this industoil prices have slumped to a level not seen since the global financial crisis — visit our recently launched Oil & Gas Global Salary Guide 2016 to gain an insight into the labour market trends and hiring challenges within this indglobal financial crisis — visit our recently launched Oil & Gas Global Salary Guide 2016 to gain an insight into the labour market trends and hiring challenges within this industOil & Gas Global Salary Guide 2016 to gain an insight into the labour market trends and hiring challenges within this indGlobal Salary Guide 2016 to gain an insight into the labour market trends and hiring challenges within this industry.

The IMF cites a potential spike in oil prices and an escalating crisis in Europe as the two main risks facing the global economy.