Current WTI prices are not that far from a US$ 40 - per - barrel oil, which has the industry and analysts wonder
how low an oil price the U.S. shale can afford.
It is important to understand
how lower oil prices helped the U.S. consumer and the economy in recent months.
A lot of this will depend, of course, on
how low the oil price gets and how long it stays there.
In short, it is too early to tell
how lower oil prices will impact these markets.
Not exact matches
Just
how bad
low oil prices are — if they're bad at all — kind of depends on your perspective, he says.
How low can
oil prices go?
The availability of capital to fund unconventional production is the key to
how long
low oil prices will last going forward.
This parched patch of land, under which lies the largest
oil - producing rock formations in the United States, is the epicenter of a growth binge that shows just
how tight the link remains between
low unemployment, rising wages, and upward
pricing pressure.
The
oil production sector in Alberta is now facing
lower world
oil prices and significant uncertainty as to
how the future will unfold.
As a sign of
how quickly the economy's prospects are changing (mainly as a result of the spike in
oil prices) economists at Lehman Brothers
lowered their growth expectations twice in the last three weeks.
Understand
how low prices impact companies in the U.S.
oil sector.
By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the current
oil situation, and that means keeping the taps flowing in the midst of a global glut no matter
how low prices go.
«What we find is that sustained
low or high
oil prices could have a major impact on the global energy system over the next several decades; and depending on
how the fuel substitution dynamics play out, the carbon dioxide consequences could be significant.»
, Canadian DIY investors are looking at the loonie and
oil prices and wondering
how low can these possibly go?
No one really knows
how long
oil prices will continue to support
low mortgage rates.
More on Offshore
Oil Drilling: Offshore
Oil Drilling Graph for Itself Offshore
Oil Drilling Will Still Not
Lower Gasoline
Prices How Offshore Drilling Works New Bill Would Ban Offshore Drilling and Increase Fuel Economy Standard Will a Rough Hurricane Season Worsen the BP
Oil Spill?
This analytical report looks at
how the key causes of the current food crisis are the combined effects of speculation in food stocks, extreme weather events,
low cereal stocks, growth in biofuels competing for cropland and high
oil prices.
Over the course of the three - day MCE Deepwater Development (MCEDD) conference hosted by Total and sponsored by Shell, hundreds of industry professionals focused on
how to cut costs during a time of record -
low oil prices.
We'll see
how this outstanding model fares in the face of
lower oil prices.
The question is
how low will the
price of
oil go and
how long will the
price remain
low?
(11/15/07) «Ban the Bulb: Worldwide Shift from Incandescents to Compact Fluorescents Could Close 270 Coal - Fired Power Plants» (5/9/07) «Massive Diversion of U.S. Grain to Fuel Cars is Raising World Food
Prices» (3/21/07) «Distillery Demand for Grain to Fuel Cars Vastly Understated: World May Be Facing Highest Grain
Prices in History» (1/4/07) «Santa Claus is Chinese OR Why China is Rising and the United States is Declining» (12/14/06) «Exploding U.S. Grain Demand for Automotive Fuel Threatens World Food Security and Political Stability» (11/3/06) «The Earth is Shrinking: Advancing Deserts and Rising Seas Squeezing Civilization» (11/15/06) «U.S. Population Reaches 300 Million, Heading for 400 Million: No Cause for Celebration» (10/4/06) «Supermarkets and Service Stations Now Competing for Grain» (7/13/06) «Let's Raise Gas Taxes and
Lower Income Taxes» (5/12/06) «Wind Energy Demand Booming: Cost Dropping Below Conventional Sources Marks Key Milestone in U.S. Shift to Renewable Energy» (3/22/06) «Learning From China: Why the Western Economic Model Will not Work for the World» (3/9/05) «China Replacing the United States and World's Leading Consumer» (2/16/05)» Foreign Policy Damaging U.S. Economy» (10/27/04) «A Short Path to
Oil Independence» (10/13/04) «World Food Security Deteriorating: Food Crunch In 2005 Now Likely» (05/05/04) «World Food
Prices Rising: Decades of Environmental Neglect Shrinking Harvests in Key Countries» (04/28/04) «Saudis Have U.S. Over a Barrel: Shifting Terms of Trade Between Grain and
Oil» (4/14/04) «Europe Leading World Into Age of Wind Energy» (4/8/04) «China's Shrinking Grain Harvest:
How Its Growing Grain Imports Will Affect World Food
Prices» (3/10/04) «U.S. Leading World Away From Cigarettes» (2/18/04) «Troubling New Flows of Environmental Refugees» (1/28/04) «Wakeup Call on the Food Front» (12/16/03) «Coal: U.S. Promotes While Canada and Europe Move Beyond» (12/3/03) «World Facing Fourth Consecutive Grain Harvest Shortfall» (9/17/03) «Record Temperatures Shrinking World Grain Harvest» (8/27/03) «China Losing War with Advancing Deserts» (8/4/03) «Wind Power Set to Become World's Leading Energy Source» (6/25/03) «World Creating Food Bubble Economy Based on Unsustainable Use of Water» (3/13/03) «Global Temperature Near Record for 2002: Takes Toll in Deadly Heat Waves, Withered Harvests, & Melting Ice» (12/11/02) «Rising Temperatures & Falling Water Tables Raising Food
Prices» (8/21/02) «Water Deficits Growing in Many Countries» (8/6/02) «World Turning to Bicycle for Mobility and Exercise» (7/17/02) «New York: Garbage Capital of the World» (4/17/02) «Earth's Ice Melting Faster Than Projected» (3/12/02) «World's Rangelands Deteriorating Under Mounting Pressure» (2/5/02) «World Wind Generating Capacity Jumps 31 Percent in 2001» (1/8/02) «This Year May be Second Warmest on Record» (12/18/01) «World Grain Harvest Falling Short by 54 Million Tons: Water Shortages Contributing to Shortfall» (11/21/01) «Rising Sea Level Forcing Evacuation of Island Country» (11/15/01) «Worsening Water Shortages Threaten China's Food Security» (10/4/01) «Wind Power: The Missing Link in the Bush Energy Plan» (5/31/01) «Dust Bowl Threatening China's Future» (5/23/01) «Paving the Planet: Cars and Crops Competing for Land» (2/14/01) «Obesity Epidemic Threatens Health in Exercise - Deprived Societies» (12/19/00) «HIV Epidemic Restructuring Africa's Population» (10/31/00) «Fish Farming May Overtake Cattle Ranching As a Food Source» (10/3/00) «OPEC Has World Over a Barrel Again» (9/8/00) «Climate Change Has World Skating on Thin Ice» (8/29/00) «The Rise and Fall of the Global Climate Coalition» (7/25/00) «HIV Epidemic Undermining sub-Saharan Africa» (7/18/00) «Population Growth and Hydrological Poverty» (6/21/00) «U.S. Farmers Double Cropping Corn And Wind Energy» (6/7/00) «World Kicking the Cigarette Habit» (5/10/00) «Falling Water Tables in China» (5/2/00) Top of page
«This unusual response to
lower prices is just one more example of
how shale
oil has changed the market,» said IEA Executive Director Maria van der Hoeven, who launched the report at the Energy Institute's International Petroleum Week in London.
So as we ponder
how we are going to deal with energy
prices, climate change, dependence on foreign
oil and unlivable cities, let's make sure we incentivize the
low hanging fruits of efficiency and cycling in order to offset the higher costs of renewable energy, mass transit, and advanced vehicle infrastructure.
During the debate over the Keystone project, the
oil industry rolled out a series of studies claiming that pipeline construction would create 20,000 temporary jobs in the United States and that
lower oil prices (they didn't say exactly
how much
lower) resulting from the new crude supplies would create as many as 250,000 more jobs across the country over the long term.
It depends,
how long will crude
oil prices stay
low?