Sentences with phrase «oil price spikes»

People will argue oil price spikes are being caused by political unrest, not the underlying reality of peak oil.

Then from 2010 to 2011, the price of wheat doubled — fueled by a combination of extreme weather events linked to climate change, oil price spikes and intensified speculation on food commodities — impacting on Syrian wheat imports.

At the pump, clean fuels will protect consumers from oil price spikes by providing greater choices, while increased local production will create jobs producing clean fuels across our state.

Especially because they are carbon - neutral or even reduce atmospheric CO2, but also because of the need for energy security and oil price spikes.

If I produced corn ethanol, and the price of oil went up, I'd charge a lot more for my ethanol to maximize profitability while my competitor's prices were high, which, in a nutshell is why ethanol does little to protect consumers from oil price spikes.

And during the oil price spikes of 2008, virtually all v8s and most v6s sat on dealer lots like lumps on a log.

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

The Futures Now team discusses oil prices spiking despite a bearish inventory report, with Anthony Grisanti, GRZ Energy, and Scott Nations, Nationsshares.

Related: Oil Prices Spike As OPEC Reaches Deal On Production Cut

In fact, locking in oil contracts at a lower price helped save Southwestern Airlines millions of dollars when oil prices spiked and hurt all other major airlines.

Is the groundwork being laid for the next oil price spike?

Oil prices spiked to a two - year high after Saudi Arabia launched a country - wide probe into corruption, detaining numerous high - profile individuals, including prominent businessmen and members of the ruling al - Saud family, as well as current and former ministers.

But while this has given some added impetus to renewables — as is also likely to be the case with the oil price spike due to the current turmoil in the Middle East — it has also boosted interest in massive new gas pipelines to diversify sources of gas supply.

The looming possibility of another oil price spike helps too, in addition to the underlying secular trend in oil demand and prices.

The practice of imposing fuel surcharges blossomed around 2004 when world oil prices spiked.

The practice of imposing fuel surcharges blossomed around 2004 when world oil prices spiked.

And Mr. Obama's broader call for an energy revolution also could require him to overcome what he called America's «shock and trance» cycle as oil prices spike and collapse.

Now Jad Mouawad charts the latest oil price spike, triggered in part by a rumor related to Iran.

Republicans are using the current oil price spike related to Mideast turmoil to call for more domestic drilling and Democrats are calling for tapping the Strategic Petroleum Reserve.

Just as the Administration does not consider building a dam in the Grand Canyon during times of drought, we will not consider opening one of the last pristine ecosystems of North America during an oil price spike.»

It reduces our dependence on volatile prices, set by whatever the most recent unrest in the Middle East is; for example, over the last month, we have seen a 10 % oil price spike on news of a restart of Egypt's unrest — and they're not even a major oil producer!

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.

The analysis found, somewhat surprisingly, that only proceeding with lower cost, less carbon - intensive projects needed to satisfy demand in a carbon - constrained world will add over $ 100 billion to the value of the world's seven oil majors, unless oil prices spike beyond $ 100 a barrel for a sustained period of time — well over OPEC's long - term average assumption of around $ 80 a barrel.

Over-hyped reserves of oil - bearing shale and OPEC's deliberate overproduction (to starve U.S. frackers) temporarily wiped the 2008 oil price spike from Americans» memory, and they'll be caught off guard when it returns.

Not exact matches

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, adding that re-introducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

The price of oil could then spike in the future if the lower oil production meets higher than expected demand.

Oil and gas traders, Bailey says, received alerts about the death of the King of Saudi Arabia more than four hours before crude prices spiked on the news.

That means there's a new higher floor under oil prices as the peak summer demand season approaches, and it also makes the market vulnerable to a «super spike» if there's any significant supply disruption.

«If Trump abandons the deal, he risks a spike in global oil prices... The re-introduction of U.S. sanctions would hurt Iran's ability to transact in dollars,» said Ole Hansen, head of commodity strategy at Saxo Bank.

The rise in bond yields, which investors fear could hurt equities, has been partly fuelled by the spike in crude oil prices, which on Tuesday crossed $ 75, boosting energy shares.

Oil prices could spike as US shale growth falls short of global demand, Dallas Fed President Robert Kaplan says.

After months of higher input costs for manufacturers, the simultaneous spike in food and oil prices is a double whammy that is now starting to hit consumers.

The Futures Now team discusses the oil inventory dropping, and the price of oil spiking more than 5 percent.

«Ten of the past 11 recessions in the United States have been preceded by an oil - price spike,» he observes.

An oil price crash and an unemployment rate that spiked to nine per cent last year did not cause the residential real estate market to crater, as some feared.

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, noting that reintroducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

Any spike in prices to $ 100 (or even just $ 80) will only accelerate the stampede away from oil.

High oil - supply risk or «fear premiums» generally manifest as short - lived, upward price spikes that are quickly integrated into forward price expectations.

Michael Hudson: In the case of the oil spike a few years ago, there have been a number of studies that have showed that almost all of the demand for oil that suddenly pushed prices up was speculative demand.

Rising oil prices caused a headline spike in eurozone inflation at the beginning of this year, which has washed through the system.

This report describes a new age of growing crisis: food price spikes and oil price hikes, devastating weather events, financial meltdowns, and global contagion.

But depending on what plays out in the next few weeks for them, oil prices could spike well above $ 50 per barrel, according to RBC Capital Markets.

The large volume of restarts led to a spike in crude oil prices on Tuesday, with WTI up more than 3 percent.

Inflation has fallen basically straight down since the so - called super spike of 2008, which saw the price of oil surge briefly to $ 147 in the summer before the financial system collapsed in the fall.

As a sign of how quickly the economy's prospects are changing (mainly as a result of the spike in oil prices) economists at Lehman Brothers lowered their growth expectations twice in the last three weeks.

ENERGY: Oil prices fell back from spikes last week on fears over an escalation of strife in the Middle East.

The average price for a gallon of unleaded regular shot up 13 cents in just three days last week in response to a spike in crude oil prices on the global market.

I was concerned in several conversations, with me undertaking most of the listening, about the prospect of a sharp oil price tag spike, if the Opec exporters» cartel, getting broken US shale producers by dragging prices down, starts off limiting source as soon as much more.

The spike in oil prices that corresponded with Israel's Prime Minister speech (and the following drop following the news) revealed that there is clearly more room for oil prices to rise depending on Trump's decision.

Then oil spiked and gas prices hit -LSB-...]