Sentences with phrase «lack of oil production»

Maduro's critics in Venezuela have denounced the planned digital currency, claiming that the new digital currency is a fraud, an attempt to compensate for Venezuela's lack of oil production.

Not exact matches

LONDON — Pierre Andurand, a leading oil fund manager, said that lack of investment in new production could lead to a situation where $ 300 per barrel oil is «not impossible» within the next few years, Bloomberg reported.

The firm had taken a bearish view on Exxon due to challenges in its European natural gas operations, «lackluster» growth in oil and gas production, a pricey acquisition in U.S. shale fields and the lack of share buybacks.

While we haven't yet got to the point where Canadian oil production is literally stranded — shut down for lack of a place to store, let alone ship it — our product is selling for far less than the North American and world benchmark prices that continue to make filling up your car an expensive proposition.

Such optimism must somehow reconcile with all the forces conspiring against Canadian oil: the lack of pipeline infrastructure or «takeaway» capacity, the occasionally gaping price discount applied to Western Canada Select, the renaissance in oil production unfolding in the U.S., rising Canadian production costs and the flight of investor money out of commodities.

A large energy producer, Wyoming collects oil production taxes to offset its lack of state income tax.

Probably the most discussed aspect of the NGP Report (see this excellent discussion on CBC's The 180 beginning at around the seven minute mark) is the JRP's treatment (or lack thereof) of «upstream» greenhouse gas emissions (GHGs), and specifically the apparent asymmetry between the JRP's decision to consider the need to open markets for projected increases in oil production — the vast majority of which would uncontrovertibly be from the oil sands — but not the GHGs associated with this projected growth.

And while I would not purport to answer that question here, Figure 3.2 of the NGP Report (Northern Gateway Forecast of United States versus China and India Oil Demand) does suggest that market access, or lack thereof, could be a limiting factor for oil sands productiOil Demand) does suggest that market access, or lack thereof, could be a limiting factor for oil sands productioil sands production.

The energy sector has been out of favor for so long now that the lack of investment combined with OPEC production cuts are pushing down global oil inventories while world economies continue to grow.

Lack of pipelines to carry away the natural gas that comes with the oil may lead some producers to slow or stop production to comply with environmental regulations against flaring too much of the gas.

The NPP flagbearer also bemoaned the lack of development of the Western Region, under the John Mahama administration, since the commencement of the production of oil in commercial quantities in 2011, which has seen the «nation realise some $ 5 billion» in oil revenues.

This lack of oxygen enables them to maintain their hydrogen - carbon bonds, a necessary ingredient for the production of oil and gas.

Couple this with a lack of growth in global supply (despite all the headlines about huge new oil finds — much of which simply serves to replace declining production elsewhere), and you have a v supportive (& possibly explosive) price environment for oil & gas.