Sentences with phrase «keeping global oil prices»

As I've written many times before, the American fracking industry is largely responsible for keeping global oil prices low, which has been a huge windfall to the world economy.

Not exact matches

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

Long gone are the days when Saudi Arabia acted as the so - called «swing producer» in the global oil market, when it would increase or decrease production to keep prices stable and profits high.

It also gradually phased out subsidies that kept retail fuel cheap, causing prices at the pump to climb by an average of nearly 25 % since 2014, even though global oil prices fell by as much as 75 % during that period.

Its main objective is to control the global oil market, and to keep prices high.

At the root of today's problem is global demand that is no longer growing quickly enough to support the prices necessary to keep expanding expensive unconventional sources of supply like the oil sands.

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.

The illustrious green movement who killed nuclear power in 1970s and brought about global warming by scrubbing shade - producing particulates from smokestacks and tailpipes are now bent on using a ginned up catastrophic climate change scenario to keep the price of oil elevated in order to keep the profit incentive alive for stupid expensive alternatives like windmills and ethanol from corn.

Analysis in the new WEO - 2017 showed that for the first time the largest share of global subsidies that benefit fossil fuel consumption went to keep electricity prices artificially low (41 % of the global total), ahead of oil (40 %) and natural gas.

Investors are obliged to weigh any number of unknowns: will Venezuela increase production and keep heavy oil differentials high; will the price of natural gas rapidly rise; will climate change suddenly force governments to introduce carbon taxes; can the companies control their labour and construction costs; will global demand continue to rise?