Sentences with phrase «oil crisis which»

The 1970s proved a difficult time to be in government for both the Conservatives and Labour due to the 1973 oil crisis which caused high inflation and a global recession.

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.

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.

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.

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.

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.

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.

Yet so prone are we to care most about what is near at hand, the fear of atomic destruction is probably less keen in most minds than is the energy crisis which means less oil and gasoline available, less fuel for heating, and an abrupt change in American life - styles.

But, what has impressed me most of all is Richard Becker's resourcefulness and creativity evidenced by his role while a member of the Cortlandt Town Board in bringing about the innovative Cortlandt Heating Oil Plan (CHOP), which at the height of the economic crisis provided both heating oil discounts as well as conservation tips and energy audits to help local residents afford to heat their homes at a time when many were risking their health by living in homes that were too cold because they couldn't afford the high cost of heating oOil Plan (CHOP), which at the height of the economic crisis provided both heating oil discounts as well as conservation tips and energy audits to help local residents afford to heat their homes at a time when many were risking their health by living in homes that were too cold because they couldn't afford the high cost of heating ooil discounts as well as conservation tips and energy audits to help local residents afford to heat their homes at a time when many were risking their health by living in homes that were too cold because they couldn't afford the high cost of heating oiloil.

During the 1973 oil crisis, the 1973 — 74 stock market crash, and the secondary banking crisis of 1973 — 75, the British economy fell into the 1973 — 75 recession and the government of Edward Heath was ousted by the Labour Party under Harold Wilson, which had previously governed from 1964 to 1970.

Falling copper prices, the oil crisis, and failed economic management in the 1970s led to shortfalls and severe economic crisis in Zambia by the early 80s, instigating a nationwide famine and forcing the government to borrow massive amounts of money and commit to extreme IMF economic reforms which led to anti-government riots and the devaluation of the kwacha.

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.

He is also the co-leader of the Department of the Interior's Strategic Sciences Group (SSG), which conducts science - based assessments during crises such as the Deepwater Horizon oil spill and Hurricane Sandy.

«In just the last decade, we've had a technology bubble, an oil bubble and a housing bubble, not to mention the Enron fiasco and California's electricity crisis, each of which was least partially caused by speculators and manipulators trying to make a buck at the expense of consumers,» English said.

Another oil crisis would be helpful — such as that in 1973 which severed the link between growth and carbon emissions.

The 1973 oil crisis nearly killed Citroen, which had purchased Maserati in 1968, while the early 1990s saw the Chubasco mid-engined sports car cancelled due to financial issues and the introduction of front - engined, six - cylinder cars, a rather awkward layout for the brand.

BP's oil spill and the accompanying regulatory uncertainty have caused a perfect storm for HAWK, which may lead to a liquidity crisis.

Tête d'homme (estimate: # 800,000 - 1,200,000) was one of a small group of 12 intimately sized, experimental oil paintings which emerged in 1932 at a pivotal moment in the artist's career, following several years marked by what the artist termed a «crisis of personal consciousness».

Others (including oil companies) predict a much slower take - up of electric cars, which would delay the crisis.

So far, the green ribbon of energy money, which kind of resembles a python that swallowed a softball (the bulge being the oil crisis), doesn't have the shape of a war (on cancer) or a (space) race.

The key to its success was the juxtaposition of the firewood crisis — affecting a third of humanity, but largely below the radar — with the oil crisis — of which the industrial countries were, at a time of quadrupling oil prices, keenly aware.

She cites three studies, including one from the JASON Committee in 1979, which was commissioned by the US government amid a fuel crisis to analyse the environmental repercussions of a switch from oil to coal.

But he didn't complain, other than to point out that the exponential part of their law was weakening lately with the 1974 oil crisis and increasing prices for all fossil fuels, with which I fully agreed.

(clockwise from top left) Cars queuing for petrol in London during the 1979 oil crisis; the Saskatchewan Conservation House in Canada, one of the pioneering low energy houses of the 20th century, was built in 1977; constructed even earlier was the Solar 1 house at MIT, which was built in 1939, and featured 33 sqm of solar thermal panels and a huge storage tank to meet its heating demand.

However, the passive house standard which we know today was initially informed by these early solar houses, depended more on the developments after the first oil crisis.

Although the 1970s «back - to - the - land» movement (which coincided with historic energy crises) largely fizzled, perhaps due to cheap oil flowing from the North Sea and Alaska during the 1980s and 1990s, we may be on the cusp of similar, more widespread, and possibly more desperate trends today.

Though the UK - based firm has succeeded in delivery small commercial quantities of Jatropha oil, the vast majority of its lofty goals have gone unmet: Its entire UK refinery operation was forced to close; its operations in Africa and India appear to be producing far lower yields than hoped for; and then there is its crisis of management, which saw its former CEO Elliot Mannis and chairman Lord Oxburgh ousted, in what Biofuels Digest has called a boardroom coup.

If you're wondering why Congress has yet to tackle this global crisis despite overwhelming scientific consensus and ballooning costs of inaction, Think Progress has an interactive map that shows the huge sums of political donations given by the oil and gas industry alongside which members of Congress deny the realities of global warming.