Sentences with phrase «global price of oil»

The report said a price recovery is expected to cause the most pain among companies drilling in the United States, who rely mostly on hydraulic fracturing, which isn't profitable unless the average global price of oil is around $ 60 per barrel.
Mr Brown is also expected to call for greater stability in the global price of oil in order to prevent another period of rising prices as occurred last year with oil trading at $ 150 a barrel at one point.
But as their colleagues at CNN have explained, U.S. policies have little impact on the global price of oil.
If we put a Patriot Fee on all of those imported barrels, we would use less, cease enriching bad regimes, strengthen our own dollar, make the air cleaner and the climate more stable, foster the exploitation of domestic and renewable energy sources, promote electric vehicles, help bring down the global price of oil (which hurts Iran and helps poor Africa), and we could use the revenue to shrink the deficit.
The global price of oil.
Second, the agency's assertion that the current global price of oil affects the State Department's environmental conclusion — that Keystone XL would have no significant impact — is oddly at odds with the agency's position that the current global price of oil has no effect on EPA's own policymaking decisions.
But companies do not pay a royalty on the global price of oil but on bitumen, a viscous crude, based on a valuation system developed by the Canadian Association of Petroleum Producers.
With such simple construction, and high efficiency, solar thermal is already cheaper than the global price of oil - and prices for solar thermal, are expected to drop dramatically.
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