Sentences with phrase «of oil income»

From 2002 to 2013, the state received US$ 450 billion worth of oil income.

Not exact matches

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.

The home of Canada's once go - go energy industry has suffered this year from lower oil prices, putting a drag on incomes.

Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.

Collector Steven Tananbaum sued in New York state court on Thursday over the non-delivery of three Koons sculptures, claiming a «well - oiled machine» that exploits collectors» desire to own the artists» works by using incoming money to pay debts.

A bet on the price of oil is not exactly conservative investing, but MLPs are cheaper than they've been in years, and the income they can offer investors is substantial.

A variety of factors, like regulations, exchange and price controls, and insecurity would inhibit the broader Venezuelan economy's ability to respond in the event oil income dried up, Rodriguez added.

A recent report from Bank of America Merrill Lynch said that households with an annual income below $ 50,000 spent an average of 21 % of their earnings on energy costs, from home heating oil to filling their gas tanks.

The high income households have nice broad, diversified safety nets that can allow them to withstand shocks (oil prices, housing prices, employment fluctuations, unexpected illness) by shifting through short, medium and long - term forms of saving.

The governor wants legislators to pass his deficit - reduction package, which includes reinstating the state income tax and overhauling the state's $ 50 billion so - called Permanent Fund, which pays the annual dividends every Alaskan receives, representing their share of the state's cumulative oil wealth.

Cenovus reported fourth - quarter net income of $ 620 million or 50 cents per share on Thursday, well ahead of $ 91 million, or 11 cents per share, in the year - earlier period, thanks to better refinery profits, stronger oil prices and production that almost doubled after it bought out its oilsands partner, Houston - based ConocoPhillips, last year.

High oil prices boosted Canada's income growth and increased investment in the energy sector through 2014, offsetting some of the bad news.

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

Posted by Nick Falvo under aboriginal peoples, Alberta, budgets, Child Care, cities, demographics, education, employment, environment, fiscal federalism, fiscal policy, gender critique, homeless, housing, HST, income, income distribution, income support, Indigenous people, inflation, minimum wage, municipalities, NDP, oil and gas, poverty, privatization, progressive economic strategies, Role of government, social policy, taxation, wages, women.

Lost oil output amounts to around 1 million barrels per day, but since it is unclear when production will be fully restored, the cumulative loss of income remains uncertain.

Likewise, the disinflationary tailwind of lower oil and gas prices should provide a much greater disposable income boost to lower income households than higher income groups, as the former generally spend a larger share of income on energy.

The bigger change in our projection comes from the impact of even lower oil prices on Canadian income.

And while Canada - wide median incomes were up by an inflation - adjusted 3.5 per cent over that time, the performance was heavily influenced by oil - rich provinces such as Alberta and Saskatchewan — a trend that's since hit a wall, thanks to the collapse of global oil prices.

But the fact of the matter is that the oil sands have increased incomes across Canada to an extent much greater than that paragraph implies.

«Lower oil prices are slowing growth and curbing income, exposing lenders to losses through commodity - related loans and security holdings» said the Bank of Canada.

Earlier this year, I was in southeast Texas, taking pictures of an oil refinery for a report about air pollution and the harm it causes to lower - income communities like Port Arthur, Texas.

Perspective from Franklin Templeton Fixed Income Group ® US Economic Data Reassures and Oil Prices Steady The resilience of the US economy, as...

Following a slide of more than 70 % slide in oil prices from mid-2014, Gulf economies are reeling from the impact of declining fiscal incomes.

Looking at the figures above I can not complain as my dividend train keeps chugging along churning out that passive income despite currency headwinds, economic headwinds, terror across the world, saber rattling from North Korea, Russian troops in Ukraine, The Nigerian delta under attack curbing the flow of oil, floods, earthquakes etc. etc..

Hayden Briscoe, Head of Fixed Income, Asia Pacific, at UBS Asset Management, said in a report just before the Chinese futures launched that «We believe that in the long term this will change how oil is traded globally, create a petro - yuan currency flow, increase the role of the RMB [renminbi — Ed.]

Tucking away high dividend - paying oil stocks in a tax shelter like a Roth IRA is one of the most underrated ways that an investor can accelerate the journey of turning an income stream into an income gusher.

My shares of the British - Dutch oil and gas company generated $ 150.87 of dividend income.

She received her first foreclosure notice from the bank last January and, with the help of her teenage daughter, immediately set about trying to replace a chunk of her ex-husband's six - digit oil patch income during the court's six - month «redemption period.»

This $ 5 difference does not imply that «the market» expects the price of oil to be $ 5 / barrel higher in December - 2016 than it is today; it implies that the cost of storing oil for the next 18 months plus the interest income that would be foregone (or the interest that would have to be paid) equates to about $ 5 / barrel.

Calling Wal - Mart «our best $ 35 oil idea» in a mid-December note, Nomura analyst Robert Drbul wrote that low oil and gas prices help Wal - Mart «for two key reasons: 1) we believe lower income demographic consumers stand to benefit most from lower gas prices, and 2) we believe its private transportation fleet (> 6,650 trucks; one of the largest in the world) will realize cost benefits due to low fuel prices.»

All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to this afternoon's Commitment of Traders Report, followed by reports Monday on Chinese PMI, German CPI and Retail Sales, US Personal Income, Personal Spending, PCE, Chicago PMI, Pending Home Sales, and the Dallas Fed's Manufacturing Index for near term direction.

We make a combined income of $ 375K per year (I work in the oil industry for a major).

Rather, I reached this conclusion: unless we are headed for a substantial decline in the price per barrel of oil, those 4 - 6 % dividends from Conoco, BP, and Shell are a great way to generate substantial income over the course of coming business cycles based on current prices.

These partnerships typically own interests in oil and gas transportation, and historically have paid relatively high amounts of income compared to most stocks.

The businesses drilling for oil and gas and mining coal enjoy effectively lower income tax rates than other American businesses because of an array of favorable provisions in the US tax code.

The second shock was the sudden drop in resource prices, particularly for oil, which represented a significant loss of income for the nation as a whole — something in the range of $ 50 billion to $ 60 billion per year.

We then find out that they have received a windfall of fresh income that very morning through an oil deal.

Improvement in the labor market, positive sales growth, rise in disposable income, expansion of retail chains, declining / stable oil prices, and escalating healthcare costs are expected to drive growth for the packaging industry over the next six months.

The RSPO allocates 10 % of income generated by the trade of Certified Sustainable Palm Oil (CSPO), as well as 50 % of surplus income, to the RSPO Smallholder Support Fund (RSSF).

The argan trees provide an extra source of income, especially for women, who have established cooperatives in Morocco to process and sell the oil.

It is this story that saw the beginning of Nature Pacific and Fiji grown virgin coconut oil; the catalyst to not only promote island - made traditional products and inject much need income back into an impoverished community, but also the opportunity to see the brand carry the Banaban name and story to a much broader audience.

Saudi Arabia is basically a machine for converting oil to billions of dollars of income to the US military.

They will read this election as a positive indicator that the incoming government is willing and able to work with them on their own terms, offering stable contracts and a «hands - off» relationship between private firms and public bodies such as the National Oil Corporation of Kenya.

Annual gross oil and gas production income: National Accounts of the Netherlands at Statistics Netherlands (http://www.cbs.nl/).

Norway: Annual petroleum fiscal revenues and gross oil and gas production income since the start of production: Facts.

If Scotland were to choose to go down the independence route, not only would there be more than enough oil income to make every single Scot better off by considerably more than # 500 a year, but also for its new government to close down the submarine bases in the Clyde without having to submit to any form of blackmail on currency issues, to increase the gap in health and education funding relative to the rest of the UK, to keep the ship yards open, and a great deal more besides.

Since the three main Westminster political parties all endorse the conclusions of Sir Ian Wood's recent review on how to maximise the economic recovery of oil and gas from the UK Continental Shelf (Search for UKCS Maximising Recovery Review Final Report, here), and its tacit underlying fiscal premises (namely that there is a need for a simplified fiscal regime to incentivise investment and drilling activity, as well as to ease the burden upon the new regulator of the upstream sector), it does not take the gift of prophecy to appreciate that the ultimate outcome of this subsequent review on the shape of the UK fiscal regime seems foreordained; namely, a return to the situation that prevailed before the introduction of SC, whereby the only levy on income from oil and gas fields is to be Corporation Income Tax at the standard rate levied on the likes of Starbucks and Aincome from oil and gas fields is to be Corporation Income Tax at the standard rate levied on the likes of Starbucks and AIncome Tax at the standard rate levied on the likes of Starbucks and Amazon.

(13 January 2014), which drew a comparison between Norway and the UK in terms of what approximately four decades» worth of fiscal income from oil and gas production has meant for each country.

Ghana earns five percent of royalties, a carried interest of 10 percent, an additional or paying interest of 3.75 percent and, petroleum income tax of 35 percent, while additional oil entitlement and also comes to the government, with the law allowing the International Oil Companies (IOCs) full cost recoveoil entitlement and also comes to the government, with the law allowing the International Oil Companies (IOCs) full cost recoveOil Companies (IOCs) full cost recovery.

Some supported the proposal on equity and fairness grounds, since elites were already perceived to benefit disproportionately from the state's resources, through special - interest appropriations of oil wealth, and because it would bring a huge benefit to low - income Alaskans and those living at a subsistence level.