Sentences with phrase «oil crisis in»

If at any point during your observation of this interminable oil crisis in the Gulf you've found yourself thinking, well, it looks like we should probably do something to start curbing our national dependence on this stuff, know that you're not alone.

The country doubled down on its nuclear bet after the oil crisis in 1973, convinced of the acute need for energy security built on a domestic source.

«Political priorities since the first oil crisis in 1974 have undermined advances in renewable technologies, mandatory standards, and financial business cases for low energy buildings.»

Political priorities since the first oil crisis in 1974 have led to national policy positions that have undermined advances in renewable technologies, mandatory standards, and financial business cases for low energy buildings.

Following a second global oil crisis in 1979, the Block Island Economic Development Foundation compiled a report that underscored the urgent need for the island to kick its dependence on oil.

He follows in the footsteps of Charles Duncan Jr., the second Secretary of Energy who came into office in the midst of the oil crisis in 1979.

Thankfully they never listened and although they struggled in the early years their breakthrough came in the form of the first oil crisis in 1973.

First introduced at the back end of the oil crisis in 1974, Zuffenhausen's iconic coupe began life with a 260 - hp turbocharged 3.0 - liter version of Porsche's classic, horizontally opposed six - cylinder engine and rear - wheel drive.

The country doubled down on its nuclear bet after the oil crisis in 1973, convinced of the acute need for energy security built on a domestic source.

The International Energy Agency (IEA) was founded in 1973 - 74 during an oil crisis in order to help ensure energy security for member nations.

Since you haven't lived in my own head for my entire life, Mike F., I can hardly blame you for not knowing that my desire to see fossil fuels phased out in favor of alternatives began during the oil crises in the 1970s.

Not exact matches

The financial crisis slammed oil prices, but you can see from the graph that there was also a major break in the pricing relationships which had held so tightly up to then.

He launched Canadian Hunter Exploration in 1973, a year characterized by an oil crisis abroad that led to shortages at gasoline pumps in the U.S. Closer to home, confrontations intensified between the federal and provincial governments over managing Alberta's energy resources.

In her view, corporations» efforts to maximize profits led directly to scandals including Enron, the BP oil spill and the 2007 - 08 financial crisis.

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

In addition, Mui reported on major international stories, including the Greek financial crisis and Brexit, as well as national disasters such as the BP oil spill and Hurricane Katrina.

A report from CIBC World Markets recently predicted the stock market might fall 10 % — 15 % this summer due to a confluence of factors, including a weak U.S. housing market, increasing fiscal strain, expensive oil prices, sluggish corporate earnings growth and disruptions in global supply chains stemming from the Japanese crisis.

But if you explain that you're in the middle of a real crisis — like if the oil rig is on fire — you're sure to get far different results.

A recent rally in oil prices to multi-year highs is about much more than the deepening crisis in Syria, analysts told CNBC Thursday.

Venezuela launches a new oil - backed digital currency Tuesday, in a move the government hopes will help pull the country out of a deepening economic crisis.

The Yom Kippur War between Israel and Egypt / Syria in the fall of 1973 hastened the 1970s oil crisis when OPEC declared an embargo that raised the posted price of oil from $ 3.00 a barrel to approximately $ 12 by spring of 1974.

Venezuela launches a new oil - backed digital currency Tuesday, in a move the government hopes will help pull it out of an economic crisis.

In the season where Formula 1 gets to grip with its own «fuel crisis», we look at two of the biggest global oil companies involved with the business of F1.

In recent years, investors have had to cope with plenty of uncertainty: three summers worth of the Greek default crises (2010, 2011, 2012); the US «fiscal cliff» in early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, BrexiIn recent years, investors have had to cope with plenty of uncertainty: three summers worth of the Greek default crises (2010, 2011, 2012); the US «fiscal cliff» in early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, Brexiin early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, Brexiin oil prices; China's slowdown and currency devaluation; and now, Brexit.

The current oil crisis will see regime changes in strategic places, and a currency crisis is in the offing.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

Oil is currently trading at about US$ 45 / bbl, which in current dollars puts it below where it was at the end of 2008, back when global markets were still in the thick of the financial crisis.

When asked about contagion effects from the decline in oil prices, Yellen said that «leverage in the financial system in general is way down» from levels before the crisis, and said it isn't a «major» concern that some entities would be effected by the decline in oil prices.

The Southeast Asian economy expanded 4.9 percent on - year over the April - June period amid uncertainties in global growth, persistent weakness in oil prices and the spreading of what is being called the country's worst - ever political crisis.

In the late 1990s, oil traded down as low as $ 10 a barrel due to a myriad of events — some situational, like the Asian economic crisis of 1998, and some structural, like the decreasing link between oil consumption and economic growth in Western nationIn the late 1990s, oil traded down as low as $ 10 a barrel due to a myriad of events — some situational, like the Asian economic crisis of 1998, and some structural, like the decreasing link between oil consumption and economic growth in Western nationin Western nations.

And now, the world is assuming that the tertiary effects — the collapse of oil prices and crises in secondary exporters like South Korea — can be managed.

The effect of terrorist attacks in 2001, overcapacity, followed later by a high oil price and the global financial crisis, all helped to push many big American carriers into financial difficulty.

Everything changed in 2014, when a combination of Western sanctions and falling oil prices created a toxic environment not seen since the 1998 financial crisis.

Venezuela, the most hardline socialist country in the American continent, is in a steep crisis in recent years ever since oil prices fell below the $ 100 area in 2014 down to a third of the price in early 2016.

A number of factors have contributed, including concerns about dropping oil prices, slowing growth in China and geopolitical tensions (among them, concerns over the Syrian civil war and refugee crisis and ISIS attacks).

Rewind to the energy crisis in the 1970s and a decision by OPEC to keep pumping oil would have been cheered by investors not to mention motorists and the rest of the economy.

As you've seen before here in Oil & Energy Investor, national oil company PDVSA looms large in this unfolding crisOil & Energy Investor, national oil company PDVSA looms large in this unfolding crisoil company PDVSA looms large in this unfolding crisis.

Global coal consumption grew by just 0.4 % (15 million tonnes oil equivalent or Mtoe)-- its slowest rate since the Asian crisis in 1998 — while production fell by 0.7 % or 28 Mtoe.

Others were side tracked by the financial crises and the fall in oil prices.

It included the Asian crisis, the Russian debt default and the collapse of LTCM, large falls and large rises in oil prices.

Also could consider Sibanye as a defensive play in light of middle East and Ukraine crises, always think oil and gold could be good

A second oil crisis followed in 1979 in the wake of the Iranian Revolution, sending crude prices higher and hurting consumer spending.

If you believe that, in times of crisis, a West - East pipeline will provide eastern refiners at oil below the world price, you are assuming that western producers will sell oil below world prices in times of crisis.

Over the past five years, the economy has been through a number of shocks, including the eurozone crisis, the fiscal cliff, China's surprise currency devaluation in the summer of 2015, and the shale oil bust.

Contributing to the decreased supply is the Trump Administration's sanctions on OPEC countries boosting reliance on domestic oil supplies and a long - running economic crisis in Venezuela, where oil workers have been «resigning in droves» since their state oil company was taken over by a military leader.

Russia's economy grew at 7.2 % per year from 2000 to the peak of the global financial crisis in 2009, fueled by huge oil and gas revenues.

In addition, a widely used measure of future inflation based on US Treasury Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil priceIn addition, a widely used measure of future inflation based on US Treasury Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil pricein the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil pricein line with the pickup in oil pricein oil prices.

Then, when I got out in 1973, and that was the time of the oil crisis.

Argentina has not attracted much oil investment since a 2001 - 02 economic crisis ushered in a populist - left government whose policies cut profit potential and made it harder to plan business.

The Bakken Shale will remain attractive as an oil play at WTI prices above $ 80, and now that the European crisis fears are on the decline, oil prices have stabilized in the $ 90 range.