Sentences with phrase «meant oil revenues»

A stronger dollar meant oil revenues were worth more.

Not exact matches

Falling oil prices around the world have meant that Canada must diversify its revenue sources and take advantage of other economic opportunities.

Nigeria continues the absurdity of expending more than 30 % of scarce foreign currency importing refined petroleum products, a self - imposed malaise as we insist on subsidizing domestic fuel consumption; and crude oil and gas as a percentage of our export revenue stays at 96 % meaning beyond all the talk of diversification, current rhetoric does not match the outcomes!

The 1993 tax was pursued mainly as a source of revenue to cut the deficit, not a means of reducing American dependence on foreign oil and cutting risks of dangerous climate change.

That means that redirecting a portion of those revenues — say $ 2 billion over ten years — from existing areas open to oil and gas production is actually going to be scored by CBO as deficit enhancing, rather than deficit neutral as the president has been portraying this.

Palin is the governor of a petrostate, meaning, almost all of Alaska's revenue is generated by drilling for oil and selling it to the rest of the country.

So both the CBO budget procedures and the GOP's position on using royalties for an energy R&D trust fund means that if President Obama wants to secure truly bipartisan support for this new Energy Security Trust proposal and ensure it doesn't increase the deficit, he's ultimately going to have to offer a real trade: new oil and gas production areas for new revenues dedicated to clean energy R&D.

These anti-hydrocarbon policies also mean the U.S. Treasury will be deprived of hundreds of billions of dollars in lease bonuses, royalties, taxes and other revenues that it would realize from the development of our nation's vast oil, natural gas and coal deposits.

This means that public and private oil, gas and mining companies operating in the U.S. will publicly report revenues paid to the U.S. government, giving U.S. citizens access to this information.

¶ Responding to falling oil industry revenues, the government of Algeria unveiled a suite of new programs meant to improve the country's financial situation, including a solar PV facility build = out, and energy efficiency programs, and incentives to convert their vehicles to run on liquefied petroleum gas rather than petrol / gasoline or diesel.

However, as co-advisor Mark Fulton says, «KXL will improve revenues in the short - term which means that it will help catalyse new investment, more oil - sands production and additional greenhouse gas emissions».

As I noted over at MNN recently, the loss of revenues caused by lower prices has meant that oil producers are trying to cut consumption at home by reducing subsidies and / or investing more heavily in alternatives.

The fall in oil prices means that they have to find the revenue to bankroll their states.