Sentences with phrase «global oil exporting countries»

Well, with the global oil exporting countries on track to consuming all the oil they produce by 2025 - 2030 the rest of the world will be back in the dark ages well before we get an ice - free Arctic.

Not exact matches

Fresh sanctions on Iran could result in a reduction of the country's oil exports, which would strain global supplies even more, especially given the discipline of the Organization of the Petroleum Exporting Countries (OPEC) and their partners in sticking to an agreement to limit output.

«The good news is that the regional growth is improving for both oil - importing and oil - exporting, yet the region is not fully benefiting from the improvement in the global outlook and this requires countries in the region to pursue the reform agenda,» he said.

Oil exporting countries could be next to devalue their currencies after Kazakhstan and Vietnam follow China's move, putting global markets on edge.

The consortium of experts was able to track the global movements of the country's hydro - carbons including crude oil and gas with the main purposes of identifying the companies engaged in the practices that led to missing revenues from crude oil and gas exports sales to different parts of the world.

This is projected to hit N3 trillion ($ 15 billion) due to heavy infrastructure spending at a time when the slump in global oil prices has slashed the country's export revenues.

This would serve multiple purposes, of (a) weaning us from dependence on foreign oil and simultaneously depleting terror - exporting countries of their revenue stream, (b) reducing other pollutants besides CO2, (c) encouraging a more gradual and less economically disastrous transition from an economony based on a finite resource, (d) slow global warming, (e) move us in the direction of a VAT tax rather than an income tax (actually, personally I don't think e is such a great thing, but as many conversative groups favor it, I don't see why they would oppose a revenue - neutral tax on fossil fuels.

This is particularly critical for oil importing countries that will be cut off from oil exports at about twice the rate of the global decline in available transport fuels.

When mitigating anthropogenic global warming is projected to require greater than 80 % lower fossil energy use, how do we provide the transport fuel and energy for rapid growth by developing countries while sustaining OECD economic growth when the Available Net Exports of crude oil — after China and India's imports — have already declined 13 % since 2005, and Saudi Arabia may need to import oil by 2030?

In July, BNEF projected that «electric cars will outsell fossil fuel - powered vehicles within two decades as battery prices plunge, turning the global auto industry upside down and signaling economic turmoil for oil - exporting countries.»

U.S. President Barack Obama has promised to show global leadership on climate change, a vow that could have a major impact on Canada's oil exports to its largest customer as well as this country's own climate debate.