Ryan discusses the death of Osama Bin Laden; Ryan reviews the economic news of the week; Ryan notices the correlation between increased home sales and interest rate drops; Louis notes we can't expect the housing market to be supported by further decreases in rates as they are already near historic lows; Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in to an interest rate; Ryan advises the importance of keeping in touch with your mortgage lender; Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence was up, Ryan and Louis discuss the Fed's decision to keep interest rates where they are and to continue the $ 600 billion QE2 program; Ryan and Louis discuss the Fed's view that inflation is nascent; Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke's assertion that the Fed can't control oil prices but that they somehow can control the impact
of higher oil prices on the rest of the economy; Louis also remarks on Bernanke's view of the dollar - the claim that a strong dollar can be achieved through the Fed's current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress» spendthrift ways — if the Fed did not monetize the debt, Congress could» nt spend; Louis noted that as Bernanke spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money; the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can't let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson's Choice - either keep rates low or let interest rates rise and cut off the recovery.
The many benefits of ocean thermal energy conversion (OTEC) include: small seasonal and daily variations in availability, benign environmental performance and by - products in a family of deep ocean water applications, for example food (aquaculture and agriculture) and potable water, and improving economics as a result
of higher oil prices.
The obvious beneficiary
of higher oil prices, ever since the 1970s, is of course the Middle East, particularly Saudi Arabia.
However, the prospect
of higher oil prices in 2017 could reignite the province's housing market.
It's the result
of higher oil prices.
The rise in yields began to unwind in late March, however, in response to the fall in global equity prices and growing concern about the impact
of higher oil prices on global economic activity.
After two years of contraction, Russian GDP returned to growth of 1.5 percent last year on the back
of higher oil prices, still short of a government target of 2 percent.
Even so, economic growth in the third quarter outpaced the bank's expectations, partly as a result
of higher oil prices and improved growth in developing nations.
Going forward, as I mentioned earlier, a number of characteristics in the marketplace or in the economy would argue for gold — whether that's monetary policy or rising inflation expectations on the back
of higher oil prices and job growth.
A large part of the rise in the September quarter reflected the impact
of higher oil prices and the importation of a number of lumpy capital imports, including some civil aircraft and defence equipment.
The impact
of higher oil prices on the country's current account deficit and inflation rate, the Indian banking system's struggles with demonetization, scandals, bad loans and a government looking ahead to next year's general election have all taken a toll on investor sentiment.
Western Australian exporters expect a tough three months ahead as business adjusts to the impact
of higher oil prices and exchange rate fluctuations, but the longer - term outlook remains strong.
The combination
of higher oil prices and ultra-low borrowing costs would have caused the economy to overheat, driving annual inflation to 4 %, well outside the central bank's comfort zone of 1 % to 3 %.
The company said in February that it planned to buy back up to $ 5 billion of stock over 2018 - 2020 to share the benefits
of higher oil prices with investors.
«However, the impact
of high oil prices on CAD are typically more powerful when they are high on the back of demand versus supply issues,» Sutton said in a research note.
All the while, the industry thrived financially under a combination
of high oil prices, low natural gas prices (a major input cost), recession - induced relief from cost inflation and a reduced cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.
Expensive oil made sense only because of the longest period ever
of high oil prices in real dollars from late 2010 until mid-2014.
Demand destruction followed periods
of high oil prices from 1979 - 1981 (Iran - Iraq War) and from 2007 - 2008 (demand growth from China).
Not long ago it wasn't that uncommon to see a US president fly to Saudi Arabia to plead for more production and relief from the economic yoke
of high oil prices.
Looking back at the cost gap figure above, the potential revenue generated by EOR is only about $ 50 - 60 / ton, and that is in the best plays under the assumption
of high oil prices.
Biofuels don't help, but biofuels are the result
of high oil prices, which are the result of poor incentives to bring oil up (both because of low yielding U.S. assets and political resentment over U.S. foreign policy).
In addition to the direct effects
of high oil prices, broader upstream inflationary pressures were apparent, including further increases in building construction prices.
In tandem, the era
of high oil prices prompted an increase in saving among oil producers... Using the increase in emerging markets» current account surplus as a guide suggests the desired saving schedule has shifted to the right by 1pp as a result of the EM saving glut, which lowers the global real rate by round 25bps.
But even with the aid
of high oil prices, the supermajors haven't offered investors any returns to write home about.
After four years of calm, the age old policy dilemmas that India faces in times
of high oil prices are back to haunt the nation and its government.
He said although the era
of high oil prices might not be here now, the petroleum industry remained critical to the nation's economy now and in the future.
But many leisure travellers are putting off flying because of the impact
of high oil prices,» said Bisignani.
His study attributes the expected growth in oil output largely to a combination
of high oil prices and new technologies such as hydraulic fracturing that are opening up vast new areas and allowing extraction of «unconventional» oil such as tight oil, oil shale, tar sands and ultra-heavy oil.
The only qualification I'd make is that you need a fairly hefty tax on petrol, or the return
of high oil prices, to induce the shift to electric vehicles you envisage.
I wonder how much of that is on account
of high oil prices (the US could bring them down by drilling in the Monterey county Shale deposit, which is estimated to have 3 years of oil for the US at current US oil consumption rates), ANWR, off - shore, etc..
While in Britain researchers have found organic sales suffering slightly as consumers feel the gloom
of high oil prices and global economic woes, in Denmark organic food consumption,
A new organization, appropriately named the Green New Deal Group, has picked up on this idea and is laying out an ambitious 100 month agenda that it says is necessary to prevent dangerous global warming, reports the BBC.Tackling the triple crisis of energy prices, the credit crunch and climate change Comprising a number of experts from the fields of finance, energy and the environment, this group has issued a list of proposals that it claims will tackle the threats
of high oil prices, climate change and the credit crisis.
We've always been concerned about the effect
of high oil prices on food - production costs, and those are very real, given the oil intensity of world agriculture today.
Not exact matches
Brent
oil prices eased off four - month
highs of just over $ 75 a barrel set on Monday on worries that Trump may pull out
of the 2015 Iran nuclear deal and thus bring back sanctions on its
oil output.
The
price of oil has risen to its
highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree
of uncertainty hanging over the deal means the market is extremely sensitive to any developments.
Continental posted net income
of $ 233.9 million, or 63 cents per share, compared with $ 469,000, or less than a penny per share, in the year - ago quarter, when
oil prices plummeted - and the company's production costs were
higher.
NEW YORK, May 1 (Reuters)-
Oil prices slid more than 1 percent on Tuesday as the dollar remained near a four - month
high, but worries that U.S. President Donald Trump will pull out
of the Iran nuclear deal underpinned the market.
The
higher the
oil price the Saudis (or OPEC) target and possibly reach, the more areas in the U.S. would be profitable to drill and add to the global
oil supply, potentially wiping out the effect
of the cuts and depressing
oil prices again.
Steven Cook, senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, said
higher oil prices lessen all the worries from 2015 and 2016 about the Saudi government's ability to maintain its commitments, but the consolidation
of power in the hands
of the Crown Prince also is significant for the market and investors as his reform program is widely regarded as critical for Saudi Arabia's future prosperity.
NEW YORK, April 24 -
Oil prices were little changed on Tuesday after Brent hit its
highest level since November 2014, supported by strong demand, OPEC - led production cuts, and the prospect
of renewed U.S. sanctions on Iran.
SINGAPORE, April 24 - International
oil prices hit their
highest levels since late 2014 on Tuesday, pushed up by expectations
of renewed U.S. sanctions against Iran and as OPEC continues withholding supplies amid strong demand.
TORONTO — The Toronto stock market closed
higher as energy stocks advanced while
oil prices hit a 16 - month
high and traders took in a mixed batch
of U.S. earnings.
For the full year, Exxon reported profits
of $ 19.71 billion, its
highest annual earnings since the start
of an
oil price slide in 2014, when it earned $ 32.52 billion.
Nonetheless, Saudi Arabia's economy is still largely predicated on
oil and, with
oil prices rising on the back
of Saudi - led OPEC and non-OPEC producers curbing
oil supply, the kingdom's finance minister said he welcomed
higher prices but they would not affect spending limits.
The
price of oil could then spike in the future if the lower
oil production meets
higher than expected demand.
Oil prices have recently hit their
highest levels since the end
of 2014.
Brent
oil prices eased off four - month
highs of just over $ 75 a barrel set on Monday on worries that U.S. President Donald Trump may pull out
of the 2015 Iran nuclear deal and thereby bring back sanctions on its
oil output.
With
oil selling for around $ 100 a barrel and gasoline
prices high, sales
of cars that plugged in rather than filled up were beginning to climb.
Oil prices slid more than one per cent on Tuesday as the US dollar remained near a four - month
high, but worries that US President Donald Trump will pull out
of the Iran nuclear deal underpinned the market.
According to Dan Nathan
of RiskReversal.com, selling put options is a good way to collect a
high premium from investors who are worried
oil prices will fall even further.