Russia's economic growth depends very much on different
oil price scenarios, according to Oleg Kouzmin and Charles Robertson, economist and chief economist respectively at Renaissance Capital bank.
The current
oil price scenarios appear to have not calculated this in however, as all media is focused on the effects of hurricane Harvey and the Gulf of Mexico.
One further advantage of buybacks is that they can be «turned off» should an «unlikely»
oil price scenario arise.
By the time the president made the decision, oil prices were so low that the «unlikely» low
oil price scenario in the State Department Environmental Impact Statement (EIS)-- where oil prices fell below $ 75 a barrel — had actually come to be and thus there was no shying away from the fact that the pipeline would cause the equivalent of over 6 million passengers cars worth of carbon pollution every year for at least 50 years.
Not exact matches
Hedge fund managers have gambled everything on a goldilocks
scenario in which
oil prices rise without damaging demand or spurring too much shale drilling.
Furthermore, it is relatively easy to come up with plausible
scenarios where
oil prices stay flat or even fall, usually involving some combination of a slowdown in China's economy and state - owned enterprises increasing
oil production to make up lost revenue through increased volumes.
The Bank even included a grimmer «what - if»
scenario with
oil flat - lining at $ 50 — this figure shows how bad that might be for Canada compared with no
oil price drop.
«I can see a
scenario where
oil prices get super-bullish again if companies overcut,» he says on a recent morning, sitting in his conference room on the 38th floor of an office tower at the bottom tip of Manhattan.
Or will this be more like 1986 — an eerily familiar
scenario in which an OPEC decision to keep pumping
oil after a flood of new supply ended up tanking
prices for years?
Whether or not that happens — and frankly, it's an extreme example of the worst - case
scenario for US shale producers — a glut of global
oil inventories is already weighing on
oil prices.
The facts are not right here, energy is cheap that means the cost of manufacturing and transporting of goods is low, food and consumers staples already more affordable, so what if a few American
oil companies going out of business.the cost of producing
oil in middle east is less than $ 10 / bl and we were paying more than $ 140 / bl for it, with that huge profit margin the big
oil companies and
oil producing nations became richer and the rest of us left behind, with the
oil price this low the
oil giants don't want to reduce the
price at pump even a penny, because they are so greedy.worst case
scenario is some CEOs bonuses might drop from $ 20 million to $ 15 millions I am sure they will survive.in terms of the stock market it always bounces back, after all it's just a casino like game.
This
scenario was part of our thinking at the beginning of last year, when Canada's economy was hit by the collapse in
oil prices and we cut our policy interest rate.
The report does envision
scenarios in which
oil sands development is curbed by a combination of lower
oil prices and a lack of pipeline capacity.
We are hours away from the highly anticipated OPEC meeting and
oil analysts are coalescing around two possible
scenarios that leave very little middle ground: if OPEC reaches a deal,
oil prices could be heading well over $ 50 per barrel.
The Bank's usual practice is to assume for our projection that
oil prices will remain stable and use our economic models to test alternative
scenarios.
The companies at the most risk in such a
scenario are those such as Continental Resources and Whiting Petroleum that not only based their budgets on higher
oil prices but still have balance - sheet issues to work out.
In a research note entitled «Risk
scenarios if
oil prices change» published on Monday, the economists gave the best and worst case
scenario for Russian growth given an increase or further fall in the
oil price.
With lower
prices forcing many
oil companies to take on more debt, the bankruptcy or closure of one or more major
oil companies is not an impossible
scenario, and would have major repercussions on
oil prices, both in the short and long term.
This exact
scenario was very likely in this Crude
oil pin bar setup, and I know some traders who panicked when
price moved against them.
The new study relies on the IIASA energy system model MESSAGE in order to explore a variety of long - term
scenarios for the development of
oil prices up to 2050.
EIA explores the impacts of alternative assumptions about
oil prices in a low -
oil -
price scenario and a high -
oil -
price scenario.
This exact
scenario was very likely in this Crude
oil pin bar setup, and I know some traders who panicked when
price moved against them.
US Economy Keeps Rolling The US economy benefits significantly from lower
oil prices and is currently in a kind of «goldilocks»
scenario: The recovery has firmed while receiving a boost from lower
oil prices; those lower
oil prices are helping keep inflationary pressures muted, thus allowing the Federal Reserve to maintain very low interest rates.
In a possible
scenario of 1) years of low
oil prices 2) a significant portion of trade in
oil not paid in US$ and 3) the Chinese unwilling to stack away more US$ the world's perception on the worth of the US$ might change rather early.
The illustrious green movement who killed nuclear power in 1970s and brought about global warming by scrubbing shade - producing particulates from smokestacks and tailpipes are now bent on using a ginned up catastrophic climate change
scenario to keep the
price of
oil elevated in order to keep the profit incentive alive for stupid expensive alternatives like windmills and ethanol from corn.
Overall, companies are worth 20 % less in the 450
scenario than the NPS, largely as a result of a lower
oil price assumption.
The IEA do assert however, that in a 450
scenario, the risk of stranded assets is higher because of a combination of falling demand and lower
prices, something that will mean
oil «companies are valued less».
In the New Policies
Scenario, the average IEA crude
oil price rises from just over $ 60 in 2009 to $ 113 per barrel (in year - 2009 dollars) in 2035.
The US$ 50 / barrel mark is highly significant as this is the breakeven level set by recent HSBC research looking at the effect on
oil prices in a 2C
scenario.
The FSEIS stated that KXL «is unlikely to significantly affect the rate of extraction in
oil sands areas (based on expected
oil prices,
oil - sands supply costs and supply - demand
scenarios».
Indeed, we're already starting to see how this
scenario could play out as a result of dropping
oil prices.
Kloza, head of energy analysis at the
Oil Price Information Service, says the scenario means higher prices at the pump for U.S. consumers, forecasting a 50 - 50 chance that the nationwide average price for unleaded gasoline will exceed $ 3 / gallon this su
Price Information Service, says the
scenario means higher
prices at the pump for U.S. consumers, forecasting a 50 - 50 chance that the nationwide average
price for unleaded gasoline will exceed $ 3 / gallon this su
price for unleaded gasoline will exceed $ 3 / gallon this summer.
If, however, the underlying world
oil prices are below $ 90 per barrel during the next two decades, then none of the policy
scenarios modeled achieves the desired targets for annual U.S. CO2 emissions.
What's interesting to me, however, is that this
scenario was based purely on the amount of electric car sales it would take to displace
oil demand and send
prices plummeting.