Ms Notley replied that the royalty review did not cause
the international drop in oil prices (she's right, Alberta may think it's the centre of the oil universe, but it's not OPEC), and the commission would be a transparent forum to ensure Albertans get the best value for their natural resources.
Not exact matches
The
international price of
oil had
dropped an additional US$ 20 per barrel since the Bank of Canada's last economic outlook
in October.
Demand for
oil is expected to
drop in 2017, the
International Energy Agency said
in a report on Wednesday, raising further problems for producers as they try to ramp up
prices.
Although much of the recent
drop in oil prices has been due to the prospect of higher exports from Iran
in the coming months (the
International Energy Agency forecasts an extra 300,000 barrels a day by the end of March), the dumping of stored
oil is essentially a short - term factor, and its influence on crude
prices should logically pass quite quickly.
The
drop in the
international price of
oil exposed a large cleavage
in the government's finances as past governments became too comfortable and over reliant on these unstable resource revenues to fund the province's operations budget.
As we saw starting
in 2014, when the
international price of
oil dropped, the much - lauded Alberta Advantage of using unreliable resource revenues to subsidize short - sighted tax cuts quickly became the Alberta Disadvantage.
With the government removing fuel subsidies and
oil marketers refusing to sell diesel at pump
prices, the cost of doing business
in Nigeria is expected to double over the next three months especially as
oil hits a benchmark
price of $ 38 per barrel with the
International Monetary Fund (IMF) predicting a further
drop to $ 20 per barrel by mid-year.
But
in his book, Dr. Lomborg cites figures from the United States Census Bureau, the
International Monetary Fund, the World Bank and the European Environment Agency to show that the rate of world population growth has actually been dropping sharply since 1964; the level of international debt decreased slightly from 1984 to 1999; the price of oil, adjusted for inflation, is half what it was in the early 1980's; and the sulfur emissions that generate acid rain (which has turned out to do little if any damage to forests, though some to lakes) have been cut substantiall
International Monetary Fund, the World Bank and the European Environment Agency to show that the rate of world population growth has actually been
dropping sharply since 1964; the level of
international debt decreased slightly from 1984 to 1999; the price of oil, adjusted for inflation, is half what it was in the early 1980's; and the sulfur emissions that generate acid rain (which has turned out to do little if any damage to forests, though some to lakes) have been cut substantiall
international debt decreased slightly from 1984 to 1999; the
price of
oil, adjusted for inflation, is half what it was
in the early 1980's; and the sulfur emissions that generate acid rain (which has turned out to do little if any damage to forests, though some to lakes) have been cut substantially since 1984.