As the chart below shows, less than 25 percent of
global oil resources as we know them today have been produced.
Exxon Mobil notes that
global oil resources are abundant and resource estimates increase as technology improves.
Not exact matches
Report after report predicts that with
resources depleting and
global population continuing to grow, water could soon become as hot a commodity as
oil.
The U.S. Department of Energy estimated «technically recoverable» shale
oil resources of 345 billion barrels in 42 countries it surveyed, or 10 percent of
global crude supplies.
Global shale
resources are vast enough to cover more than a decade of
oil consumption, according to the first - ever U.S. assessment of reserves from Russia to Argentina.
«A barrel of
oil is incredibly difficult to replicate,» said Greg Beard, head of natural
resources at Apollo
Global Management.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including
oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a
global enterprise
resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
And there is no doubt that despite the scarcity of the
resource, the price of
oil will crash the next time the
global economy sewers.
Before joining Bain & Company in 2009, Juan Carlos worked for a large private capital fund as an investment manager in Energy and
Resources and also in the
Oil & Gas and Clean Energy practice of another
global consultancy.
If Iranian
oil and gas
resources were flowing more extensively through the
global market, it wouldn't be the target of Western ire, an Iranian director said.
This is a tailwind for our
Global Resources Fund (PSPFX), which maintains heavy exposure in the industries that India will increasingly need to support its more than 1.25 billion (and counting) citizens:
oil and gas, chemicals, energy services and infrastructure, precious metals and food.
This weighed on
oil stocks, with Cobalt International Energy (NYSE: CIE), California
Resources Corp. (NYSE: CRC), SM Energy (NYSE: SM), and Sanchez Energy Corp. (NYSE: SN) pacing producers lower this week, each dropping double digits according to data from S&P
Global Market Intelligence.
During our webcast last month, Brian Hicks, portfolio manager of our
Global Resources Fund (PSPFX), emphasized the point that the current price of
oil just isn't sustainable:
Holdings in the funds mentioned as a percentage of net assets as of 9/30/2014: Berry Plastics 0.00 %, Cooper Tire & Rubber Company 0.00 %, Devon Energy Corp. 1.82 % in
Global Resources Fund, EOG
Resources, Inc. 2.13 % in
Global Resources Fund, Goodyear Tire and Rubber Company 0.00 %, Royal Dutch Shell 0.00 %, SPDR S&P
Oil & Gas Exploration & Production ETF 0.00 %, Tiffany & Co. 0.44 % in Gold and Precious Metals Fund.
Brian Hicks, portfolio manager of our
Global Resources Fund (PSPFX), believes that the bottom for
oil prices might have already been reached.
Second row standing from left to right: F. Robert Salerno, President & CEO, Cendant Car Rental Group; Richard Wistrand, Senior Vice President & Chief Fossil Officer, TXU; David Rader, Senior Vice President Finance and CFO, Frito - Lay Division, PepsiCo, Inc.; Mirian Graddick - Weir, Executive Vice President, Human
Resources, AT&T; Lisa Martin, Vice President,
Global Sourcing, Pfizer, Inc.; Theo Fletcher, Vice President, Supply Chain Compliance, Security & Diversity, IBM Corporation; A. Shuanise Washington, Vice President Government Affairs Policy and Outreach, Altria Group, Inc.; Bruce Perkins, Vice President, Manager, Supplier Diversity and Business Development Group, Merrill Lynch; Joyce M. Wichie, Director, Supplier Diversity, Worldwide Purchasing, Eastman Kodak Company; Dick Anderson, Vice Chairman, Planning & Administration, BellSouth Corporation; John D. Hofmeister, President and Country Chair, Shell
Oil Company; Robert McCormes - Ballou, Director, Vendor Diversity, Office Depot; and Michael L. Eskew, Chairman and Chief Executive Officer, UPS.
They might argue for the strengthening of American hegemony to enforce all these policies, and to make sure that the United States would control
global natural
resources, especially
oil.
As Jonathon Bloom of Wasted Food explained, the existing food system perpetuates the overproduction of commodities, artificially low prices, and disproportionate use of our
resources (80 % of water, 50 % of land and 10 % of
global oil is used in food production).
Putting
oil money at the service of development in Africa means tackling the increasingly criminalized character of political leaders and their
global networks of
resource extraction, not peddling yet another package of technocratic reforms.
«It is a
global cause, because in the Malvinas they are taking our
oil and fishing
resources.
«Malvinas is not an Argentine cause, it is a
global cause, because in the Malvinas they are taking our
oil and fishing
resources,» Ms Kerchner told a Mercosur summit before the move was agreed.
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.
Global campaigns such as the Extractive Industries Transparency Initiative (EITI) to bring more transparency to the
oil and gas sectors in an effort to alleviate the
resource curse have yet to live up to their promises, a new study finds.
«Finding a
resource so large is like finding an
oil field in your garden,» says Cristina Archer, an environmental engineer at the University of California, Chico, and lead author of a
global survey on high - altitude winds.
Production systems such as monocultures that cultivate crops (for example, palm
oil and sugar cane) for
global distribution may benefit local communities with employment and funding opportunities, but are often reliant on over-exploited water
resources.
Academic Dishonesty, Fat Tax On Food, Homeland Security, Transportation, Working Women, AIDS / HIV, Genocide, Abuse Of The Elderly, Teen Pregnancy, Media Violence, Weapons Disarmament, Vaccinations, Foreign
Oil Dependence, Air Pollution, World Trade, Arms Control, Homeless in America, Family Violence, National Tobacco Settlement, Age Discrimination, Tobacco Industry, Foster Care, Voluntary, Welfare Reform, Airline Safety, Euthanasia,
Global Warming, Poverty, Armed Conflicts, Condoms In Schools,
Global Resources, Feminism, Urban Terrorism, Water
Resources, Medical Ethics, Term Limits, Abused Women, Creationism vs. Evolution, US Budget, Prison regime, Government Fraud and Waste, Academic Freedom, Foreign Policy, Internet Chat rooms, Violent Video Games, Nonproliferation, Trade with China, Iraq, National Testing and many others.
Because of dramatic job losses due to declines in
global oil prices, this Budget proposes legislative changes to extend the duration of EI regular benefits by five weeks, up to a maximum of 50 weeks of benefits for anyone living in a
resource - dependent region.
Industries that deal with
global resources and products such as mining, forestry,
oil, chemicals, machinery, and banking, react more to industry factors than country factors.
It will promote growth and employment, offset any potential hiccups in
oil / natural
resource revenues and / or
global growth, and the government has the robust finances and debt capacity to fund it.
-- Natural
Resources: Emerging markets enjoy an abundance of natural resources, while frontier markets (despite their currently small share of global GDP) possess over 40 % of the world's oil reserves & over 25 % of its gas
Resources: Emerging markets enjoy an abundance of natural
resources, while frontier markets (despite their currently small share of global GDP) possess over 40 % of the world's oil reserves & over 25 % of its gas
resources, while frontier markets (despite their currently small share of
global GDP) possess over 40 % of the world's
oil reserves & over 25 % of its gas reserves
Where we once might have read that vampiric corporatism as a metaphor for natural
resources like
oil, it's hard today to see it as anything other than the radical changes that we are seeing in the
global climate.
The artist painted a large wooden sign with a selection from the Book of Revelations and placed it on the melting ice of rural Canada as a portent of the
oil and natural gas concerns that will descend once
global warming makes the region's
resources easier to reach.
Responding to comments 14, 25, and 56: I'm a policy analyst in Seattle, well - read on the impacts of climate change, but also other
global resource constraints — like peak
oil, peak phosphorus and the limits of industrial agriculture, waters supply (closely related to climate), and human systems / governance.
A ban follows from the 1) accelerating impacts of
global warming, 2) the accelerating depletion, due now to demand and soon depletion, of the petroleum
resource, and 3)
oil wars such as that in Iraq.
It appears to me that the family of humanity is beginning to come face to face with a myriad of growing
global challenges — air pollution, sea and land contamination,
global warming, peak
oil, diminishing
global supplies of grain, overfishing, the dissipation of Earth's scarce
resources, desertification, deforestation, urban sprawl and autoban congestion are examples — the sum of which could soon become unsustainable, given a finite planet with the relatively small size and make - up of Earth.
The ecological limits of the planet are now in clear view, as expressed by the combination of climate change, peak
oil (the end of the era of cheap energy), and overall
global resource depletion and extinctions.
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.
A recent article in Nature found that «development of
resources in the Arctic and any increase in unconventional
oil production are incommensurate with efforts to limit average
global warming to 2 degrees Celsius.»
Publication date: 2009-04-01 First published in: Russian Geology and Geophysics Authors: A.E. Kontorovich Abstract: A probabilistic estimate of the
global conventional recoverable
oil resource was performed based on the concept of the Earth's sedimentary cover as a holistic system.
Jack Cushman, author of «Keystone and Beyond,» says that in tapping Canada as an
oil resource back in 2000, the Bush administration rejected concerns about C02 emissions and
global warming out of hand.
Total
global nuclear fuel
resources — for this high temperature, gas cooled, fast neutron design — are some 300 times
global oil reserves.
The
Oil Depletion Protocol: is a global framework for distributing the world's remaining oil reserves more equitably than free market forces would allow, to avoid resource wars, profiteering and economic collap
Oil Depletion Protocol: is a
global framework for distributing the world's remaining
oil reserves more equitably than free market forces would allow, to avoid resource wars, profiteering and economic collap
oil reserves more equitably than free market forces would allow, to avoid
resource wars, profiteering and economic collapse.
In addition, coal
resources are even larger than those of
oil and gas; consuming all of them would enable the
global economy to emit 5 times as much CO2 as has been released since 1850 (5,200 GtCO2 or 1,500 GtC)(see Chapter 3 in IPCC, 2001a).
Well, fooling people is now a highly paid, highly skilled profession, so maybe you can now at least fool the majority of the electorate for a long enough time to accomplish the goal, whether you are engaged in an illegal war for control of some
oil resources, or a
global warming denial disinformation campaign, for control of the right to keep burning as much
oil as you feel like.
A probabilistic estimate of the
global conventional recoverable
oil resource was performed based on the concept of the Earth's sedimentary cover as a holistic system.
There are other issues that are important to a lot of people and their numbers are increasing as they learn about the other issues: health for humans and animals, job creation, protection of the environment, balance of trade deficit due to imports of
oil, preservation of natural
resources that have better uses than just being burned, energy independence,
global warming, the prestige that early adopters enjoy and the good feeling some people get from knowing that they have made a decision that is good in some way.
Proceedings: Friday 4 May Opening remarks Welcome by Mr, Sefa Sadık AYTEKIN, Deputy Undersecretary, Ministry of Energy and Natural
Resources, Turkey Keynote address by H.E. Thamir GHADHBAN, Chairman of the Prime Minister's Advisory Commission, Iraq Workplan of WEO - 2012 Iraq Energy Outlook by Dr. Fatih BIROL, Chief Economist, IEA Session 1: Energy in Iraq — fuelling Iraq's reconstruction and development Chair: Mr. Simon STOLP, World Bank Introductory interventions: H.E. Martin KOBLER, Special Representative of the United Nations Secretary General for Iraq Dr. Usama KARIM, Advisor to the Deputy Prime Minister for Energy, Iraq Dr. Kamal AL - BASRI, Chairman of the Iraq Institute for Economic Reform Open discussion Session 2: Iraq's electricity sector — short term needs and long - term interests Chair: Mr. Hamish MCNINCH, International Expert Introductory interventions: Dr. Majeed ABDUL - HUSSAIN, Parsons Brinckerhoff Dr. Abdul Qader AHMED, Mass
Global Open discussion Special address: Mr. Tariq SHAFIQ, Managing Director, Petrolog & Associates Session 3: Iraq's oil and gas supply — managing the development of a huge resource Chair: Mr. Tariq SHAFIQ, Managing Director, Petrolog & Associates Dr. Ali AL - MASHAT, Advisor, Prime Minister's Advisory Commission, Iraq Ms. Ruba HUSARI, Managing Director, Iraq Insight Open discussion Session 4: Iraq and international markets — impacts on regional and global balances Chair: H.E. Thamir GHADHBAN, Chairman of the Prime Minister's Advisory Commission, Iraq Introductory interventions: Dr. Mussab AL - DUJAYLI, former Director General, State Oil Marketing Organisation Mr. Jonathan ELKIND, Principal Deputy Assistant Secretary, Department of Energy of the United States Ms. Coby VAN DER LINDE, Director of the Energy Programme, Clingendael Institute, the Netherlands Open discussion Session 5: Summary and conclusions Co-Chairs: H.E. Fareed Yasseen, Ambassador of Iraq to France and H.E. Nick Bridge, Ambassador of the United Kingdom to the OECD Tour de table with recommendations for key topics and areas of study for consideration in the WEO - 2012 Concluding remarks by Dr. Fatih BIROL, Chief Economis
Global Open discussion Special address: Mr. Tariq SHAFIQ, Managing Director, Petrolog & Associates Session 3: Iraq's
oil and gas supply — managing the development of a huge resource Chair: Mr. Tariq SHAFIQ, Managing Director, Petrolog & Associates Dr. Ali AL - MASHAT, Advisor, Prime Minister's Advisory Commission, Iraq Ms. Ruba HUSARI, Managing Director, Iraq Insight Open discussion Session 4: Iraq and international markets — impacts on regional and global balances Chair: H.E. Thamir GHADHBAN, Chairman of the Prime Minister's Advisory Commission, Iraq Introductory interventions: Dr. Mussab AL - DUJAYLI, former Director General, State Oil Marketing Organisation Mr. Jonathan ELKIND, Principal Deputy Assistant Secretary, Department of Energy of the United States Ms. Coby VAN DER LINDE, Director of the Energy Programme, Clingendael Institute, the Netherlands Open discussion Session 5: Summary and conclusions Co-Chairs: H.E. Fareed Yasseen, Ambassador of Iraq to France and H.E. Nick Bridge, Ambassador of the United Kingdom to the OECD Tour de table with recommendations for key topics and areas of study for consideration in the WEO - 2012 Concluding remarks by Dr. Fatih BIROL, Chief Economist,
oil and gas supply — managing the development of a huge
resource Chair: Mr. Tariq SHAFIQ, Managing Director, Petrolog & Associates Dr. Ali AL - MASHAT, Advisor, Prime Minister's Advisory Commission, Iraq Ms. Ruba HUSARI, Managing Director, Iraq Insight Open discussion Session 4: Iraq and international markets — impacts on regional and
global balances Chair: H.E. Thamir GHADHBAN, Chairman of the Prime Minister's Advisory Commission, Iraq Introductory interventions: Dr. Mussab AL - DUJAYLI, former Director General, State Oil Marketing Organisation Mr. Jonathan ELKIND, Principal Deputy Assistant Secretary, Department of Energy of the United States Ms. Coby VAN DER LINDE, Director of the Energy Programme, Clingendael Institute, the Netherlands Open discussion Session 5: Summary and conclusions Co-Chairs: H.E. Fareed Yasseen, Ambassador of Iraq to France and H.E. Nick Bridge, Ambassador of the United Kingdom to the OECD Tour de table with recommendations for key topics and areas of study for consideration in the WEO - 2012 Concluding remarks by Dr. Fatih BIROL, Chief Economis
global balances Chair: H.E. Thamir GHADHBAN, Chairman of the Prime Minister's Advisory Commission, Iraq Introductory interventions: Dr. Mussab AL - DUJAYLI, former Director General, State
Oil Marketing Organisation Mr. Jonathan ELKIND, Principal Deputy Assistant Secretary, Department of Energy of the United States Ms. Coby VAN DER LINDE, Director of the Energy Programme, Clingendael Institute, the Netherlands Open discussion Session 5: Summary and conclusions Co-Chairs: H.E. Fareed Yasseen, Ambassador of Iraq to France and H.E. Nick Bridge, Ambassador of the United Kingdom to the OECD Tour de table with recommendations for key topics and areas of study for consideration in the WEO - 2012 Concluding remarks by Dr. Fatih BIROL, Chief Economist,
Oil Marketing Organisation Mr. Jonathan ELKIND, Principal Deputy Assistant Secretary, Department of Energy of the United States Ms. Coby VAN DER LINDE, Director of the Energy Programme, Clingendael Institute, the Netherlands Open discussion Session 5: Summary and conclusions Co-Chairs: H.E. Fareed Yasseen, Ambassador of Iraq to France and H.E. Nick Bridge, Ambassador of the United Kingdom to the OECD Tour de table with recommendations for key topics and areas of study for consideration in the WEO - 2012 Concluding remarks by Dr. Fatih BIROL, Chief Economist, IEA
[32] It is significant for the
global energy market because it may hold 25 % or more of the world's undiscovered
oil and gas
resources.
With enhanced domestic and Canadian production, the country would achieve a certain energy independence: If the world
oil market were to collapse because of a
global war or another catastrophe, America would maintain access to its energy
resources, though they could be much more expensive.
Polychemical, and LG Pharmaceutical LG Telecom Network provided by Cisco Systems, Inc. / intent is to protect local production Related issues WTO Relative influence of industry /
Global Warming Waste, particularly e-waste, and developing countries
Resource constraints, e.g.
oil, water Genetically modified products When Studying or Seeking to Understand an Issue / Topic There is an objective reality out there.