Sentences with phrase «oil price shock in»

Although the U.S. economy is more stable and stronger than it was in the 1970s, when it was devastated by oil price shocks in 1973 and again in 1978 — 79, it could slip into recession in the same way it did coming off the Gulf War oil price shocks in 1990.

Not exact matches

«So paradoxically these peak demand fears might bring the largest supply shock ever,» he wrote, adding, «If oil prices do not rise fast enough, $ 300 oil in a few years is not impossible».

In response to a question about whether a rate cut amounted to pouring gasoline on the overheated housing market, Poloz said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil priceIn response to a question about whether a rate cut amounted to pouring gasoline on the overheated housing market, Poloz said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil pricein some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil pricein oil prices.

Probably the most famous example of a large, negative terms of trade shock is the United States after the oil price spike in 1973:

Second, that Saudi Arabia, the driving force within OPEC and the shock absorber in oil markets for the past 40 years, would cut production if necessary to keep prices from falling too low.

Many economists worried that the state was in for a recession along the lines of the oil shock of the 1980s, when real estate prices plunged and unemployment soared.

But a series of shocks to the market — including plunging oil prices, Western sanctions, recession and higher beer taxes — has diminished its weight in the brewer's earnings.

Given how important oil has been to the Canadian economy in recent years it shouldn't come as a huge shock that the loonie is heavily correlated with the decline in the price of oil.

In a separate note, TD Securities» chief Canada macro strategist David Tulk said forecasters have underestimated the impact of the oil price decline on the Canadian economy, calling the shock «longer - lived and larger» than expected.

While the near - zero balance of opinion suggests that labour market slack remains, the indicator has continued to improve gradually since the oil price shock, as conditions in affected regions have bottomed out.

The BOS indicator illustrates the slowdown in business activity in late 2014 triggered by the oil price shock.

We estimate that the oil price shock, on its own, took about 1 1/4 percentage points off GDP growth in the first half of the year.

The spending behaviour of firms in regions hit by the oil price shock is also recovering, supported by improving commodity prices and business confidence.

In Canada, the economy's structural adjustment to the oil price shock continues, but is proving to be uneven.

Only in the event of a large supply shock (such as the oil price shocks of the 1970s) might any difference in response across the different frameworks become apparent.

This is mostly due to much lower oil prices after the oil shock (expected to remain around $ 53 per barrel in the next two years), as oil proceeds still account for more than 50 % of government revenues.

The drag from the oil price shock and related spillovers is gradually dissipating, and demand growth remains steady in less - affected regions.

The second cyclical factor that has had a major impact on our exports and business investment is the protracted recovery of the US economy — the slowest in the postwar period.10 When oil and other commodity prices rose in the years before the 2014 oil price shock, so did our dollar, making our non-commodity exports to the United States less competitive and reinforcing the ongoing shift from manufacturing to services.

These shocks range from a hard and bumpy landing in China to a potential recession in the United States as the oil and manufacturing sectors face some duress and as the unsubsidized price of money again enters into the equation.

Angola is Africa's second - largest oil producer behind Nigeria, and like its West African counterpart, where the slump in oil prices forced a reconsideration of its dependence on oil, Angola now faces the challenge of having to restructure its economy to reduce its vulnerability to oil shocks.

Plunging oil prices were a major market and economic shock in 2015 and early 2016, causing broad market volatility while adding to the pain in emerging market (EM) and high yield assets.

Crude oil prices have jumped to almost one - year high's on Monday in a shocking turn of events as Russian President Vladimir Putin disclosed that Russia was ready to join the cartel's efforts to reduce global oil supply.

«Rates are of course extraordinarily low,» Poloz said, adding the bank cut rates by 50 basis points in 2015 to counteract the effects of the oil price shock.

The second is that the world economy was moving along very smoothly in the post-war period, with everything under control, until hit by the external shock of the OPEC - induced oil price rise in late 1973 (and again in 1979).

The second shock was the sudden drop in resource prices, particularly for oil, which represented a significant loss of income for the nation as a whole — something in the range of $ 50 billion to $ 60 billion per year.

In a speech at the summit, Mr Brown said the world was facing «the third big oil shock in 30 years» and that measures needed to be taken to reduce the price of the valuable commoditIn a speech at the summit, Mr Brown said the world was facing «the third big oil shock in 30 years» and that measures needed to be taken to reduce the price of the valuable commoditin 30 years» and that measures needed to be taken to reduce the price of the valuable commodity.

We've just about had everything — from lipstick on a pig all the way to a full - on financial panic, with two ongoing wars and the lingering effects of an oil - price shock playing in the background.

Previously, it was oil revenue that dominated the budget, but the negative shock in the decline of oil revenue makes government to start thinking differently, and they should continue in this path, even if in future oil price goes up.

«With the exception of Chad, which already had a program in place with the IMF prior to the oil price shock, we have not received any new request for financial assistance from sub-Saharan African oil exporters,» the IMF spokeswoman added.

«The sharp decline in oil prices represents a formidable shock on the oil exporting countries of sub-Saharan Africa, especially in view of their strong reliance on oil receipts for fiscal and external revenues,» an IMF spokeswoman said in a statement.

Two oil - price shocks in the 1970s sent the developed world reeling, but during the 1980s complacency reasserted itself.

«We have had a process of quiet change ever since the price shock of 1986,» he said, adding that Shell Oil in the US recently unveiled plans to lose 2000 staff.

Whether such a quantity can be produced from tar sands and oil shale at a price near (never mind below) $ 30 per barrel is highly uncertain, but more suggestive of Lomborgs confusion in any case is that the price he mentions is higher (according to his own Figure 65) than the price of oil has been for any prolonged period in the last 120 years except for 1979 - 86, in the aftermath of the second (1979) Arab - OPEC oil - price shock.3 This means resources of tar sands and oil shale that would be economically exploitable only at prices around $ 30 per barrel are in fact more expensive than oil has been for nearly all of the last century.

Putting all its eggs in the truck / SUV / crossover market, it will once again be an oil price shock away from getting caught out.

Buick seems to be hedgeing against price shocks in oil.

Interesting features of this model are roomy interior and cargo space, comfortable ride., safety features, and Value pricing Tinted glass Body - color body - side moldings Body - color heated pwr mirrors Body - color door handles Body - color bumpers Speed - sensitive variable intermittent windshield wipers Pwr door locks Seatback pockets Remote keyless entry system w / alarm Front bucket seats w / active head restraints Air conditioning w / cabin air filter Locking glovebox Rear coat hanger Dual tier console w / fixed armrest, storage, (2) cupholders Cruise control Map pockets Warnings - inc: oil pressure, battery, door ajar, trunk open, brake, check engine Instrumentation - inc: tachometer, coolant temp, trip odometer, digital clock Full floor carpeting Assist grips Pwr windows w / driver auto up / down, pinch protection, lockout Remote fuel / hood release Cloth door trim Rear center armrest w / (2) cupholders Tilt steering wheel Door sill scuff plates Rear window defroster Center console mounted 12 - volt pwr outlet Cloth seating surfaces In - glass antenna Tire pressure monitoring system (TPMS) Lighting - inc: dome, ignition, glovebox, map Rear 60/40 split-fold seats w / outboard headrests Independent multi-link rear suspension w / gas shocks P215 / 60VR16 all - season tires Compact spare tire Independent double - wishbone front suspension w / gas shocks 2.4 L DOHC CVVT 16 - valve I4 engine Shift interlock system Traction control system (TCS) w / electronic stability control (ESC) 4 - wheel anti-lock brakes (ABS) w / electronic brake force distribution (EBD), brake assist 16 x 6.5 steel wheels w / covers Pwr rack & pinion steering w / engine - speed - sensing Front wheel drive Front / rear stabilizer bars 4 - wheel disc brakes 4 - speed automatic transmission w / OD, Shiftronic City 21 / hwy 30 (2.4 L engine / 4 - speed auto trans) Lower / upper anchors & tethers for children (LATCH) system 3 - point seatbelts for all seating positions Shift interlock system Driver / front passenger advanced airbags Emergency internal trunk release Driver / front passenger seat - mounted side - impact airbags Traction control system (TCS) w / electronic stability control (ESC) Energy - absorbing steering column 4 - wheel anti-lock brakes (ABS) w / electronic brake force distribution (EBD), brake assist Front seat belt pretensioners & force limiters Hood buckling creases & safety stops Front / rear crumple zones Body - side reinforcements Front / rear side - curtain airbags

After spiking at $ 105 per barrel in 2014, crude oil prices have been in shocking...

Democracy may yet come to Iraq and the region, but so too may civil war or a regional conflagration, which in turn could lead to spiraling oil prices and a global economic shock.

1 time EVENT driven shocks lead to a sudden spike in the price of oil.

An isolated oil price shock or two can be readily absorbed by other segments of the economy, but the type of steep, sustained rise in oil prices that we've seen in recent years becomes a cost factor that has to be passed on.

Oil shock: Analysts say the loonie has lost value against the American dollar and a number of other currencies because of the big fall in oil prices, since the commodity is of major importance to the Canadian econoOil shock: Analysts say the loonie has lost value against the American dollar and a number of other currencies because of the big fall in oil prices, since the commodity is of major importance to the Canadian econooil prices, since the commodity is of major importance to the Canadian economy.

Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one - day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8 % and 17.4 %.

The bank reduced its trend - setting rate twice in 2015 to the very low level of 0.5 per cent to help the economy as it struggled with the effects of the oil - price shock.

We see the decline in oil prices as being largely due to a positive supply shock, rather than a weakening of oil demand.

In early 2015, for example, ToTEM was showing how the oil price shock would play out and the downside risk to projected inflation became unacceptably large.

In a world where the long - term trend is toward higher oil prices, how does a government and society avoid the «shock and trance» response to short - term wiggles in energy costIn a world where the long - term trend is toward higher oil prices, how does a government and society avoid the «shock and trance» response to short - term wiggles in energy costin energy costs?

This was the case in Japan when faced with the oil shocks in the 1970s and early 1980s when oil prices doubled overnight.

It was the oil shocks of the 1970s, and the resulting gasoline price hikes and kilometre - long lineups at service stations that gave Japanese makers of «econoboxes» their first toehold in the North American market.

1975: Energy Policy and Conservation Act, Corporate Average Fuel Economy (NHTSA) Intended to reduce energy consumption by increasing the fuel economy of cars and light trucks in response to the oil embargo and resulting price shocks in the early 1970s.

Key post-World-War-II oil shocks reviewed include the Suez Crisis of 1956 - 57, the OPEC oil embargo of 1973 - 1974, the Iranian revolution of 1978 - 1979, the Iran - Iraq War initiated in 1980, the first Persian Gulf War in 1990 - 91, and the oil price spike of 2007 - 2008.