Sentences with phrase «oil price spikes by»

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.

Not exact matches

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.

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

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 recent attack on Syria by U.S. and ally forces has raised the prospect of another major spike in oil prices, according to JPMorgan Chase & Co..

Lying on the edge of the Amazon rainforest, the one - time backwater was transformed by an economic boom as the winding down of the conflict and a spike in commodity prices drew oil companies and multinational agricultural interests to areas that were previously off limits.

Many believe the company will get killed by the next spike in oil prices.

Today, the House Energy and Commerce Committee should be holding a hearing on advancing America's, and the world's, energy future by initiating a sustained quest to break the economic shackles imposed by enduring dependence on oil (that doesn't involve using 40 percent of our corn crop to produce ethanol in a world facing food price spikes).

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

It may take another president, or two, before America's energy quest gets into the necessary gear, perhaps driven by a confluence of a new spike in oil prices and rising anger among veterans wounded protecting fuel convoys in Afghanistan and building evidence pointing to a growing, and harmful, human influence on the climate system.

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!

Because gasoline prices are largely determined by the cost of crude oil, which is set on the world market, experts say that the way to reduce our vulnerability to gas price spikes is to decrease our dependence on oil, regardless of where the oil comes from:

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.

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

The general counsel of Delta Airlines, Ben Hirst, and the experts at Goldman Sachs also said excessive speculation is causing oil prices to spike by up to 40 %.

Mr. Chu, who was expected to get a friendly and brief review by the committee on Energy and Natural Resources, said in prepared testimony that «last year's rapid spike in oil and gasoline prices not only contributed to the recession we are now experiencing, it also put a huge strain on the budgets of families all across America.»

However, economic growth will remain constrained by various headwinds, such as a potential spike in oil prices due to tension in the Middle East; an expected decline in net exports from the global slowdown; and an expected increase in fiscal drag, including the fading of federal spending from the stimulus and a decline in defense spending for operations in Iraq and Afghanistan.»