Sentences with phrase «of oil imports»

But if one looks at growth projections for oil consumption, hybrids will slow the growth rate of oil imports only marginally, at best, with the amount depending on how many hybrids are sold.

To actually stop the growth of oil imports and potentially even reduce consumption, automakers have focused on developing cars powered by hydrogen fuel cells.

In 1999, Canada surpassed Saudi Arabia as the United States» largest source of oil imports, and today a full half of the country's oil production comes from Alberta's so - called tar or oil sands: a form of petroleum found in a mixture of sand, clay, and bitumen that is either mined in pits or extracted by pumping steam into wells.

«The country sends $ 1 billion overseas every day to purchase oil, but publicly funded research in advanced vehicles and alternative fuels totals just $ 680 million annually — about 16 hours worth of oil imports.»

A comparatively weaker China effectively ignored the outcry over Sudanese genocide to protect the 2002 peak level of 9 % of their oil imports, or barely 1 % of their total energy use at the peak and far less two years before / after.

The ultimate objective: «to replace more than 75 percent of our oil imports from the Middle East by 2025.»

In a separate report today, CIBC World Markets economists noted in a report today that the oil sands are already on track to become the biggest single source of oil imports to the United States this year.

Maduro's administration has pointedly claimed that the people who will be hurt most by the sanctions aimed at stymieing the nation's ballooning debt will be shareholders in the U.S. Indeed, there is outcry that the potential banning of oil imports from Venezuela — the 3rd biggest supplier of oil to the U.S. behind Canada and Saudi Arabia — will dramatically drive up gasoline prices and hurt the U.S. job market.

Last November, the International Monetary Fund (IMF) commended the government of Mali's deficit reduction, praising GDP growth of more than 5 % arising from strong harvests and government spending, even as the cost of oil imports moved higher.

Modeling the precise impact of a total shutdown of oil imports is hard (hence the computer models).

In 2016, the US received 18 % of its oil imports from the Persian Gulf.

Brent crude, used to price many kinds of oil imported by U.S. refineries, was up 75 cents to $ 110.77 on the ICE Futures exchange in London.

And, if other forms of waste, such as the stalks of corn plants (corn stover) or the remnants of timber harvest are included, Klann says, «we have enough feedstock in the U.S. to offset 70 percent of the oil import.»

In order to meet that demand, Department of Energy analysts estimate that we'll need to double the amount of oil we import.

«Diversification of Oil Import Sources and Energy Security: A Key Strategy or an Elusive Objective?»

The U.S. Energy Department said algae - based fuels have the potential to displace 17 percent of the oil imported for use in the transportation sector and in August, Sapphire secured a $ 5 million grant from the federal government to help develop the refining process for algae - based fuels.

«We're making new investments in the development of gasoline and diesel and jet fuel that's actually made from a plant - like substance — algae... we could replace up to 17 percent of the oil we import for transportation with this fuel that we can grow right here in America.»

«Disruptions related to oil production that occur anywhere in the world raise the price of oil for every consumer of oil, regardless of the amount of oil imported or exported by that consumer's country.»

Which brings me to another advantage — domestic production of ethanol resulted in over 220 million FEWER barrels of oil imported into this country, saving over $ 16 billion going to foreign countries.

Increment of the oil import bill by 9.5 % to 347, 432 crore leads to an estimate of 180, 000 crore increment in subsidy.

Not exact matches

This production, combined with steadily increasing imports from Canada led to a glut in the U.S. Midwest, and a disconnection of the U.S. mid-continent oil market from world markets.

Fifty per cent of the oil and gas used in Canada is imported.

«The falling pound is driving up the price of imports and rising oil prices are being reflected in higher fuel costs,» he added.

About a half of those imports are heavy naphtha, bought by PDVSA to dilute its extra heavy oil output and make it suitable for export.

«The good news of this recovery this year is that the outlook is positive for both oil - importing countries and oil - exporting countries,» Jihad Azour, director of the Middle East and Central Asia Department at the IMF, told CNBC's Hadley Gamble on Monday.

«This decision clearly flies in the face of volumes of scientific evidence that shows the Keystone XL pipeline would be safe, enhance environmental standards, and be a more cost - effective alternative to importing oil from overseas,» said Michael Whatley of the Consumer Energy Alliance, which advocates for the energy industry.

B.C. posits that China's imports can not be allowed to surpass the U.S. levels, lest the U.S. be deprived of that oil.

The shift, an EIA report released on Friday noted, reflects both a steadily growing Chinese demand and flat - lining U.S. oil imports as a result of America's shale oil boom.

We referenced their numbers when we looked at the changing anatomy of U.S. oil imports, or when showing the decline in coal use over recent years.

Still, though China has managed not to rely on any single country for more than a small percentage of its oil needs, its imports are still quite concentrated in terms of geographical region and in unstable regions at that, namely the Middle East and Africa.

Canada — reliable, stable Canada — is a country Beijing officials would love to see more of in their oil - imports pie chart.

In fact, in the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continent.

By contrast, economic growth in Canada contracted in the first half of the year and business investment — the most important factor in demand for imports — collapsed along with oil prices.

MO: You know, the U.S. still imports a tremendous amount of oil on a daily basis, and I don't think it's realistic to expect to offset that over a very short period of time, so the connection with Canada is critically important.

Hypocrisy aside, it is a preferable sort of regulation in that it aims to set a standard for oil imports to meet, rather than blacklisting an entire producing region.

The Northern Gateway project consists of two pipelines (one to ship oil west, the other to import lighter oil products used to dilute oil sands bitumen) and a marine terminal.

The possibility of Venezuelan oil import restrictions has divided White House advisors, and now is pitting Harold Hamm, chairman and CEO of Continental Resources and energy advisor during President Trump's campaign, against U.S. refiners that import Venezuelan crude to process at their refineries.

Both Japan and China's economies rely heavily on oil imports that pass through the Strait of Malacca.

Over 80 % of China's oil imports (by sea) and around 60 % of Japan's total oil imports currently pass through the strait.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.

China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters.

Meanwhile, U.S. net imports of crude oil fell last week by 1.6 million bpd to 4.98 million bpd, the lowest level since the EIA started recording the data in 2001, reflecting further erosion in a market OPEC has been relying on for decades.

U.S. crude imports are at a 16 - year low, reconfiguring the map of global oil trade.

Disruptions in Venezuela's oil industry can have outsize impact on the country, as oil brings in about 95 % of its export revenue, which has been used to purchase imports like food and medicine as domestic production dries up.

«While the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports, it is unlikely to reduce demand for heavy sour crude at Gulf Coast refineries.»

Philadelphia Energy Solutions has already cut its purchases of oil from North Dakota by 80 percent, switching to imports from Nigeria, Chad and Azerbaijan.

This should be a good thing, because the U.S. is still the world's biggest oil consumer, using 19 million barrels a day and importing about half of it.

The port is one of only a few in Shandong, China's main oil importing province, where Very Large Crude Carriers (VLCCs) carrying 2 million barrels of oil per trip can discharge oil to be pumped through pipelines for state and private refineries.

«#Keystone pipeline will offset the US imports of Venezuelan oil w / CDN oil.

After all, Canada is oil independent, yet refineries in Quebec and the Atlantic provinces, lacking access to western Canadian oil, import crude from Algeria and the U.K. Subject to no tariffs and few other import restrictions, raw energy is a freely traded commodity that follows the dictates of the market.