IIASA Energy Program Director Keywan Riahi explains, «Low
oil and gas prices make it harder for coal and renewables to compete.
Not exact matches
«The business model of an
oil and gas company in the future is going to have to be built around the abundance model, where your returns are not going to be
made by commodity
price increases,» says Munro.
The company, which had
made its name providing investors with a steady income from its
oil and gas wells, cut its dividend in half as capital spending rose
and energy
prices fell.
Gasoline retailers decided to
make some money, spring vacationers drove up demand, crude
oil prices went up,
and gas refineries continued to undergo seasonal maintenance, resulting in tighter supplies.
Admittedly we are a net importer of
oil (increasingly so as Bass Strait reserves diminish), but Australian entities
make large exports of natural
gas and thermal coal, whose
prices are highly correlated with
oil prices over time.
Five major
oil and gasoline companies
made YouGov BrandIndex's ranking of the top 20 consumer perception gainers for the month of May, most likely on the coattails of easing
gas prices.
But the uniqueness of the business model, the hidden value of the land on the books
and the incremental benefit shareholders receive from higher
oil and gas production
and prices make it worth writing about.
Bad bets on the
prices of natural
gas and oil contributed to a second quarter in which the unit barely
made money,» The Wall Street Journal reported.
The decisions the current Government takes on transport to tackle the dual challenges of climate change
and rising
oil prices could have significant repercussions for many years to come... Friends of the Earth is calling on the Government to: «Change direction on transport policy -
and aim to rapidly move towards a low - carbon transport system... Vehicle Excise Duty must be changed to
make road tax on
gas - guzzlers more expensive -
and cheaper for greener cars...»
While the measure is unlikely to
make it through the divided Congress to become law, Democrats hope to score politically with voters frustrated by a confluence of deep budget cuts in Washington, sky - high
prices at the
gas pumps,
and staggering profits on the
oil giants» bottom lines.
Then there's the low
price of
oil,
and the typically higher
price for a gallon of diesel fuel versus a gallon of
gas, which Nicholson acknowledges can
make diesels a tough sell in our market.
I also have a position in MFC Industrial, a company with exposure to metals
and oil and gas (which, however, I will be selling shortly), a video game developer that is a net / net (Gravity Ltd.), a small position in RadioShack (made even smaller by the decline in share price over the past 2 years), and finally a short - term spinoff trade (Oil States Internationa
oil and gas (which, however, I will be selling shortly), a video game developer that is a net / net (Gravity Ltd.), a small position in RadioShack (
made even smaller by the decline in share
price over the past 2 years),
and finally a short - term spinoff trade (
Oil States Internationa
Oil States International).
For example, a strong company in the
oil and gas sector might see its share
price pulled down when another player in that sector
makes a negative announcement.
The distribution follows the final settlement of the sale of Aspen's California
oil and gas assets to Venoco, Inc., at which the parties
made a number of immaterial adjustments to the purchase
price paid at the June 30, 2009 closing,
and made certain other payments that were not determined until after the closing.
10 years ago no one ever thought of
making an alternative fuel vehicle because
gas prices and the cost to change a car's engine keep the overall cost of acceptance too high, but now, as
oil and gas prices skyrocket, they're beginning to seep into the awareness of the general public..
Of course, whether the Prius pays for itself in the current market uncorrected for externalities is a different question than whether it would pay for itself once you accounted for the
price of
gas if it included all the environmental costs
and much of the cost of the Iraq War (which, even if not directly about
oil, is really pretty much about
oil in the sense that it is what
makes that whole region of important strategic interest to us).
It's certainly possible that this moment, on the brink of recession (or perhaps already in one) is not the moment to
make changes that will raise
gas and oil prices for American consumers.
Recent reports indicate that there is much more
gas and oil around the UK (more than we have used already) now that higher
oil prices make recovery of it more economic We are also getting better day by day at producing energy from other sources
and reducing the energy we need for specific functions.
With the advent of hydraulic fracturing we are able to produce
oil and gas at much greater levels here in the United States that puts downward pressure on
price, which helps consumers
and also
makes natural
gas more abundant.
Last week we
made the point that America's ongoing energy revolution is the main reason the United States is the world's leading producer of
oil and natural
gas — a renaissance that is reducing
oil imports
and benefiting consumers in the form of lower
prices at the pump.
«We
make (our product) with electricity, we bake it with
gas, we refrigerate
and freeze it with electricity
and we distribute it with
gas and oil,» said McArthur, who said he worries that high
prices could cost his company up to $ 15,000 a year in an industry with a very tight margin for profit.
If these actions lowered
prices sufficiently one could even conceive of
making the US the new Saudi Arabia of
oil, natural
gas,
and coal.
While it does not necesarily follow from this, it is not illogical to assume that recent increases in
oil and gas prices have had a greater effect on US than European demand, particularly since, with historically lower energy
prices, the US has not
made many of the lower - hanging efficiency investments that have already been
made in Europe.
If
price projections for coal,
oil, natural
gas, wind
and solar are approximately correct, the market will
make a transition in that time frame following what is disparagingly called «business as usual».
In the last few years it has
made even less given the rapid fall of
oil, coal,
and natural
gas prices, which have
made «green energy» even less economically competitive with fossil fuels than it already was.
The
oil industry didn't
make much noise about the Sierra Club campaign — after all natural
gas prices were low
and oil prices were high.
Natural
gas prices will likely rise,
making the costs of production higher
and, according to the recent PWC report, shale
oil may depress world crude
prices over the years to come.
Almost every idea that might bring us a better future would be
made much easier if the cost of fossil fuel was higher — if there was some kind of a tax on carbon emissions that
made the
price of coal
and oil and gas reflect its true environmental cost.»
These naysayers contend that falling
oil and gas prices will
make new production unprofitable, forcing companies to slow their operations.
State
Oil Company — El Reno, OK Aug 2010 — Present
Gas Station Cashier • Receive payment in exchange of filled gas or goods from the convenience shop • Make receipts and bills for customers • Price and shelf incoming goods • Calculate total payments received at the end of the day to tally with goods sold • Sell tickets to customers where necessary • Keep balance sheets of amount received and transactions • Sort, count and wrap currency notes • Pay company bi
Gas Station Cashier • Receive payment in exchange of filled
gas or goods from the convenience shop • Make receipts and bills for customers • Price and shelf incoming goods • Calculate total payments received at the end of the day to tally with goods sold • Sell tickets to customers where necessary • Keep balance sheets of amount received and transactions • Sort, count and wrap currency notes • Pay company bi
gas or goods from the convenience shop •
Make receipts
and bills for customers •
Price and shelf incoming goods • Calculate total payments received at the end of the day to tally with goods sold • Sell tickets to customers where necessary • Keep balance sheets of amount received
and transactions • Sort, count
and wrap currency notes • Pay company bills
Low
gas prices make just about everyone happy — except those in the
oil industry
and the economies that rely on them.