Not exact matches
Also, notwithstanding a silly fiscal
policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states
with high jobless rates; and the shale
oil and gas revolution continues to power investment, job creation and revenue growth.
I mean, if demand doesn't grow, and industry cost cuts are 20 %, and we don't have a war
with Ukraine, and Saudi Arabia doesn't change its
oil policy, and Libya maybe comes back online, and Nigeria doesn't blow up — yeah, we'll probably be at $ 50.
In preparation for testimony before the House of Commons finance committee in Ottawa on March 10, I pulled together some thoughts on three aspects of the impact of the
oil - price crash on
oil sands projects and
policies, and I thought I'd share them
with you here over this and the next couple of posts.
The IEA's forecasts overlap largely
with the Trump administration's pursuit of what it calls «energy dominance» — a strategy that has been visible in its rollback of various Obama - era
policies this year (above all in the U.S.'s withdrawal from the Paris Climate Accord), and in a big expansion of federal acreage offered for
oil and gas prospecting.
Exxon has argued against all the other shareholder proposals as well, including a «
policy to explicitly prohibit discrimination based on sexual orientation and gender identity»; a
policy articulating Exxon's «respect for and commitment to the human right to water»; «a report discussing possible long term risks to the company's finances and operations posed by the environmental, social and economic challenges associated
with the
oil sands»; a report of «known and potential environmental impacts» and «
policy options» to address the impacts of the company's «fracturing operations»; a report of recommendations on how Exxon can become an «environmentally sustainable energy company»; and adoption of «quantitative goals... for reducing total greenhouse gas emissions.»
«It's just a matter of time before you're going to see
policies implemented by major consuming countries to deal
with the
oil situation.
OPEC and its partners meet in Jeddah, Saudi Arabia on Friday,
with the 14 - member
oil cartel then set to reconvene on June 22 to review to its
oil production
policy.
But not even monetary
policy was designed to deal
with changes in the relative prices of commodities, such as
oil.
For the past two years, OPEC's pump - at - will
policies have flooded the market
with cheap supply, causing economic pain for producers
with higher cash costs, including those involved in fracking, the Canadian
oil sands and deepwater drilling.
The fall in
oil prices in mid-2014 coincided
with monetary
policies that strengthened the dollar.
During the 1980s, the Mulroney Government released economic and fiscal updates,
with policy actions, in reaction to dramatic falls in grain and
oil prices.
The judge said in a 91 - page decision that, while the Army Corps substantially complied
with the National Environmental
Policy Act, federal permits issued for the pipeline violated the law in some respects, saying in a court order the Corps did not «adequately consider the impacts of an
oil spill on fishing rights, hunting rights, or environmental justice.»
Of much more importance, by accepting the
policy of the Clark government you must be accepting fracking, a process which involves drilling vertically, then horizontally to
oil and especially natural gas by pumping huge quantities of water laced
with deadly chemicals.
Watch as the narrative and the propaganda
oil fundamentals begins to reverse, as it will coincide
with that change in Fed
policy.
Implementing (another nascent trend) better economic
policy in key emerging economies (China, India) as well as key developed economies (eurozone, Japan)
with at least the possibility of future breakthroughs in U.S. economic
policy (immigration,
oil exports, trade promotion authority).
U.S. Dollar strength and disinflation, supported by the ongoing
oil price collapse, are providing headwinds for the metals; on the other hand, a recent rise in fear in the euro area, combined
with continuing loose monetary
policies, result in favorable conditions.
That, in itself, was an oddity in a country at a time it was becoming normal for government climate
policies to be cooked up in the boardrooms of Calgary
oil lobby groups, as happened
with B.C.'s «climate leadership plan» under former premier Christy Clark's Liberal government.
This «Great Inflation,» as it is commonly known, was triggered by a combination of adverse supply shocks (notably the 1973 and 1979
oil shocks) and an accommodative monetary
policy stance, which appears consistent
with upward revisions of the Fed's inflation target.
This profile is broadly in line
with that presented in the February Statement on Monetary
Policy, though recent movements in world
oil prices are likely to introduce a divergence between headline and underlying measures of inflation in the short term.
After a long stretch characterized by ultra-low interest rates, slow growth, minimal inflation, cheap
oil, and little
policy progress due to a conflicted Congress, we are now doing a dramatic 180 degree turn to a lower tax, less regulation, pro-growth environment,
with higher rates and higher inflation — a normalization of sorts.
Ms. Russell wrote
with penetratingly keen insight, and as a result, I am much more cognizant of why
policy makers in Canada defer in favour of the interests of multinational
oil companies rather than making decisions that are in the best interest of the ordinary citizens of central and eastern Canada when it comes to
oil security.
The perception of a potentially inflationary global environment, combined
with current interest rate
policies, is yielding a strong financial interest in
oil.
Leaders like William Winpisinger of the Machinists, newly elected Richard Trumka of the United Mine Workers and Anthony Mazzocchi of the
Oil, Chemical and Atomic Workers also Inspire many rank - and - filers
with their «fight back» spirit and their longer - range vision of alternative
policies.
And in the present situation of stagflation, their
policy interests are directed toward their relations
with the newly rich
oil - exporting countries and
with one another.
Our practices regarding rosemary, quillaia, and palm
oil derivatives are good examples of this
policy, the benefits of which are shared
with our customers.
The third step is to visit these high priority mills for an on - site mill verification to assess compliance
with IOI Loders Croklaan's sustainable palm
oil policy.
Through our
policies and actions, PepsiCo seeks to uphold standards for sustainable palm
oil by addressing our own supply chain first and then partnering
with others to drive improvement more widely.
Economic growth in 2016 was at a low of 3.5 percent, though the IMF said improved growth was expected in 2017 - 18, owing to an increase in
oil production, declining inflation, and lower imbalances
with the right
policy implementation.
It is shameful and embarrassing that having been in power close to two years
with massive borrowing (over GHC 40 billion), goodwill, huge
oil revenue, revenue generating
policies bequeathed to it by the past administration, the Akufo - Addo government is unable to point to cogent and data driven achievements.
Even the Nigerian government had to postpone its $ 1billion Eurobond which was slated for 2016 to 2017 when a better investment environment had begun to emerge
with rising
oil prices, larger foreign reserves, a new economic
policy document and CBN
policy refinements which have significantly increased the supply of foreign currency and narrowed the gap between the various exchange rates.»
His nomination will be greeted
with dismay by climate activists and environmentalists who will see it as tantamount to a takeover of US foreign
policy by Big
Oil.
In my opinion, an opportunity for substantive
policy reforms may have been lost - we refused to deregulate the downstream
oil sector; we have not made new investments in our upstream more attractive to investors; we have not made any privatisations since 2015; NNPC remains opaque and indeed is now worse
with evidently poor governance and low transparency!
I expressed my views in this regard on WhatsApp last weekend, «Any country in which its elites consider re-electing a president like Buhari just as thousands of citizens are murdered across the country
with not a single person arrested; a president who can not make an intelligent conversation on any
policy or global issue
with other global leaders; a president whose EFCC and DSS engage in open confrontation; a regime which crippled the economy and relies on cyclical movements in
oil prices as its sole economic lever; a regime under which 10 million jobs are lost; and key accusations against top officials are treated
with levity; just as the regime appears complicit in the invasion of its senate by thugs and seizure of mace... such a country is in serious trouble, that is if it isn't doomed.
The outlook for
oil prices in my view, remains problematic especially
with the advent of pro-energy
policies in the US by President Trump's administration and less restraints on
oil production and pipelines as a result of climate concerns; the reserves accretion is probably artificial and worse still, at the expense of trade and manufacturing output; the IMF and World Bank have been wrong many times before -LRB-!)
«
With foreign reserves at lows of US$ 28.7 billion and
oil prices at US$ 29.47 per barrel, a compelling argument to devalue the Naira at the next Monetary
Policy Committee (MPC) meeting can not be jettisoned», it stated.
«ACEP recommends that the government should pass the promised Mineral Revenue Management Act to create additional sources of funds from solid minerals to finance the free SHS
policy,» the
policy think tank stated in a 10 - page document analyzing the 2018 budget
with regards to
oil and gas,» the think - tank said.
Biography of Senyo Hosi Mr Hosi, Chief Executive Officer of the Ghana Chamber of Bulk
Oil Distributors is credited
with developing the Chamber into a major representative, advocacy, and lobby and industry strategy and
policy organisation in the Ghanaian and West African downstream petroleum industry.
Combination of economic trends and
policies Still, for now an array of Obama administration actions and economic trends are conspiring to cut emissions, according to EIA: Americans are using less
oil because of high gasoline prices; carmakers are complying
with federal fuel economy standards; electricity companies are becoming more efficient; state renewable energy rules are ushering wind and solar energy onto the power grids; gas prices are competitive
with coal; and federal air quality regulations are closing the dirtiest power plants.
The handful of climate - related cables — among the hundreds of thousands of secret and unclassified messages released by the whistle - blower organization Wikileaks — show the United States put climate change at the center of its foreign
policy relationship
with the
oil - producing giant
For one thing, there is the baggage associated
with the National Energy Program backed by his father decades ago that taxed
oil and created a lot of bad blood
with Alberta, said Barry Rabe, a professor of public
policy at the University of Michigan and Wilson Center
policy scholar.
Concerns about global warming and
oil's imminent demise have caused scientists and
policy - makers to look for solutions in both the future and the past: to new technologies such as nuclear fusion, multijunction photovoltaics, and fuel cells — and to traditional energy sources such as water power, wind power, and (sustainable) biomass cultivation (coupled
with clean and energy - efficient combustion).
As a former science & technology
policy fellow
with the American Association for the Advancement of Science, Stoepler studied the science that resulted from the 2010 Deepwater Horizon
oil spill.
Unilever was also a player in palm
oil trader Wilmar's recent agreement to adopt a no - deforestation
policy, which prohibits its suppliers from establishing plantations on lands
with large amounts of carbon — like peat soils — or lands
with a high conservation value (ClimateWire, Dec. 8, 2013).
From a climate
policy perspective, the bill can be seen as part of the Conservative ongoing effort to 1) gut environmental assessments and scientific research; 2) attack ENGOs that disagree
with government
policy to promote unfettered development of the
oil sands; and 3) to sideline and even eliminate inconvenient advisory bodies like the National Roundtable on Energy and the Environment.
SRIC networks
with dozens of groups throughout the nation on various issues, and staff are widely recognized as
policy experts on nuclear wastes,
oil and gas, and mining.
But in 1988, CSPI insisted trans fats were an improvement over saturated fat from animals.37
Oil seed companies were prepared
with the technology to make this switch; Earl Butz's agricultural
policies provided plenty of the soybeans needed to create the oils that would be partially hydrogenated.
Oil market analysts say recent price hikes have more to do
with turmoil in the Middle East than
with administration
policies.
Thandie Newton plays Condoleezza Rice as a birdlike twit; Jeffrey Wright gives Colin Powell the compromised dignity of a man who realizes — too late — that he has cast his lot
with thieves; Richard Dreyfuss» smirking Cheney is a cold hearted schemer who loves only
oil; and nerdy Toby Jones enacts Karl Rove as a perverse
policy wonk who gets a kick out of his Machiavellian brainstorms.
Today, an
oil spike, coupled
with rising oceans and powerful storms, is creating a bipartisan, pro-conservation consensus on energy
policy.
Check
with your schools
policy about bringing plug - in
oil or scented wax warmers.