Sentences with phrase «oil crisis on»

Not only are his familiar works on the oil crisis on view but he is also exhibiting a new series examining the impact of long - term farming in Monegros, Spain.

Not exact matches

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.

The economic crisis magnified this venomous cycle: «Whether it's financial bailouts or oil spills, it seems every time one turns on the television there is some executive testifying before Congress... blaming other organizations rather than taking any accountability.»

WASHINGTON, March 21 - The United States on Wednesday imposed sanctions on 15 South Sudanese oil operators that it said were important sources of cash for the government, an action aimed at increasing pressure on President Salva Kiir to end the country's conflict and humanitarian 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.

Oil briefly went below $ 40 a barrel on Friday, its lowest price since the financial crisis six years ago.

A move to directly target Venezuela's oil industry would be a huge blow to Maduro's socialist administration, which is depending almost entirely on crude sales to try and decelerate a deepening economic crisis.

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.

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.

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 prices.

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.

Analysts and investors in Moscow said the sanctions could consign Russia to years of low growth, frustrating government efforts to stimulate a rebound from a two - year downturn brought on by low oil prices and Western sanctions over Moscow's role in the Ukraine crisis.

Oil prices had climbed Wednesday as the economic and political crisis in Venezuela prompted the IMF to push the country to provide more details on its economic condition.

This unpleasant picture is presented after a third quarter in which Brent crude, the international benchmark for oil prices, traded at about $ 50 a barrel on average, the lowest sustained levels since the financial crisis.

Mergers and acquisitions involving Russian companies, including Morgan Stanley's planned sale of its global oil - trading unit to Rosneft, are threatened by Western sanctions on Moscow over the Ukraine crisis.

Oil prices extended losses on Monday, falling to near $ 78 a barrel, as Europe's debt crisis roiled markets and falling personal incomes in the U.S. suggested slack demand for fuel.

There are a number of major stock market events we can all call to mind — the Great Depression, the run on banks, Black Monday, the Oil Embargo, the dot - com bubble, the 2007 - 2008 financial crisis; and the list goes on.

Gold, on the other hand, has not reacted to the extent that crude oil has to the ongoing crisis in the Middle East, although the precious metal, which is still considered a hedge against political instability, is up by more than 10 percent this year.

The International Monetary Fund warned Arab states on May 2 against complacency over a looming debt crisis, urging continued economic reforms despite a rise in oil prices.

Energy market regulation and energy prices have come to the fore on a regular basis at G8 and G20 summits in connection with geopolitical crises (especially on gas) and benchmark oil price increases (the Brent market).

In particular, the 2012 assassination of the US Libyan Ambassador Christopher Stevens, then the French intervention in Northern Mali and the spectacular attack by a branch of the Al - Qaeda in the Islamic Maghreb (AQIM) on the In Amenas oil terminals in 2013 — with calamitous crisis management by the Algerian authorities — have proven the zone's fragility.

Their boisterousness over oil prices takes on Brexit levels of dishonesty given what has happened since - had Scotland voted Yes in 2014, it would now be the world's newest financial crisis.

The late 70s had seen two oil crises, The overthrow of the US backed Iranian government and the hostage crisis, the Russians taking Afganistan and the on - going cold war and perhaps the biggest concern, the stagflation crisis.

The body in a statement yesterday stated that influencing the tenure of current NDDC board officials would breed crisis in the Niger Delta region, warning that they would be forced to resume attacks on the oil installations.

Governor Ajimobi who was the Guest Speaker spoke on a topic titled «State Financing and Over-dependence on Oil: Issues and challenges» identified a number of factors responsible for the on - going financial crisis in the country.

In a statement signed by the organisations Executive Director, Adetokumbo Mumuni, SERAP called on the Federal Government to «stand up to powerful oil companies that have continued to abuse the human rights of the people of the Niger Delta with impunity for decades if it is to satisfactorily resolve the crisis in the region.»

Labour's five turbulent years of office from 1974 to 1979 came during the global oil crisis and also saw domestic unrest — from militant unions, inflation, IRA and coup talk — which stimulated growing attacks on the Westminster leadership for betrayal and incompetence in the face of harsh choices.

The Minister of State for Petroleum resources, Ibe Kachikwu, on Tuesday said over 350,000 jobs in the oil sector have been affected by the economic crisis.

We forced a debate on rent control, the $ 9 billion extortion from Boeing, and on the climate crisis and the oil trains coming through this city.

Among oil companies, Exxon Mobil began drilling in Russia's Arctic on Aug. 9 despite Western sanctions on its Russian partner Rosneft over Ukraine crisis.

Academic scientists quoted in stories late last week by NPR and The New York Times suggested that the amount of oil spewing out from the broken pipe on the gulf floor may be much more than 5000 barrels (794,936 gallons) per day — the official estimate of both BP and the government for the first 3 weeks of the crisis, before BP made any progress in stanching the flow.

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.

Already, the CEC (set up in 1975 in the wake of the nation's first oil crisis) balances new energy demands — such as screening new power plants on the basis of at least 23 different impacts, ranging from economics to air quality — with efficiency efforts.

Coming up on Radio Ecoshock, I'll have an extended chat with Dr. Kathy McMahon, the clinical psychologist who helps people rethink their lives, even in times of great social crisis (whether it's peak oil, climate disruption, or a fall of the fake economy.)

Here we have a tough - but - tender cowgirl working her dead father's ranch with only a lovable grizzled old coot for a ranchhand; a somber villain moving through his dark house like Dracula in his castle, hatching designs on the heroine's land as well as her body; a land - grabbing industrialist conspiring with the local banker to turn rangeland into oil wells; a tall, quiet wrangler winning the girl's heart and saving her land to boot; singing cowboys, fireside heart - to - hearts, a crisis with hero and heroine trapped by villain in a burning building, a climactic shootout, and boy - gets - girl.

Alaska relies on revenue from oil production to fund schools, and the global drop in oil prices has led to a school - funding crisis.

Landing on U.S. shores on the heels of the 1973 oil crisis, the lightweight, efficient, and affordable B210 proved quite popular with consumers who were looking to escape the two - ton gas - guzzling albatross from major American automakers.

We can't just wave a magic wand and end our reliance on oil or solve the climate crisis overnight.

Due to the 1973 oil crisis, consumer demand for fuel efficient vehicles was high, and due to the engine being able to run on either leaded or unleaded fuel, it gave drivers fuel choice flexibility over other vehicles.

[13] These sales losses were thought to be unrecoverable; however, the 1979 energy crisis saw Australian oil prices rise by 140 percent, putting substantial strain on the automotive industry to collectively downsize, a change that Holden had already done.

Under the direction of chief engineer John Mowrey, [2] Chevrolet began developing the Chevette on December 24, 1973, in response to the federal CAFE standards and the 1973 oil crisis and GM's Energy Task Force, arising out of the crisis and the resultant shift in consumer demand to smaller, foreign vehicles boasting greater fuel efficiency.

Over this period, the U.S. experienced the Great Depression, two world wars, the Cold War, massive corporate tax hikes, oil crises, stagflation, corrupt and incompetent leaders, the 9/11 attacks, countless scandals in leading corporations, the financial crisis and so on.

This month's issue of Money Advisor by Consumer Reports echoes the research saying that «you'll generally do better investing all at once rather than in increments» but goes on to say that «averaging shines in times of crisis» and gives four examples: oil crisis (1973), Black Monday crash (1987), Sept 11, 2001 and Bear market of 2002.

1971 Termination of gold / dollar convertability 1973 - 74 Oil crisis 1974 Budget and Impoundment Control Act 1979 Volcker appointed chairman of Federal Reserve 1980 - 82 Early 80s Recession 1981 Omnibus Budget Reconciliation Act 1985 Balanced Budget and Emergency Deficit Control Act 1987 Budget and Emergency Deficit Control Reaffirmation Act 1989 - 92 End of the Cold War 1990 Budget Enforcement Act 1990 - 92 Early 90s Recession 1992 Presidential Election 1993 Omnibus Budget Reconciliation Act 1994 Midterm Elections 1995 - 96 Government Shutdown 1997 Balanced Budget and Taxpayer Relief Act 2001 Economic Growth and Tax Relief Reconciliation Act 2003 Jobs and Growth Tax Relief Reconciliation Act 2001 - present War on Terror 2007 - 09 Financial Crisis 2008 Emergency Economic Stabilization Act 2009 American Recovery and Reinvestment Act

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.

• «Driving to the End of the World» (2004), five works created as a commentary on the global oil crisis made from an old truck that Dial found deserted in the woods, comprise the only series of work Dial ever completed.

Translucent oil (permanent dew) and acrylic prints on paper that show stains of women working at out - dated apple computers and incorporate sentences from Mother Teresa's «dark (crisis of faith) letters», are sucked into the second doorway.

I must take a moment to remember the oil crisis of 1973 when the Arab nations cut off sales of it to us, since we are now recommitted to continuing our dependence on nations that really dislike us, for our oil supply.

As heavy drilling mud is pumped through the well in hopes of overcoming the upward force from the pressurized oil and gas, one can only hope there will be a telegenic high - five moment for the hard - working engineers working relentlessly on the crisis since late April.