Sentences with phrase «oil producers simply»
Should oil producers simply stop producing and wait for oil prices to recover?
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Since plastic is made from petroleum, rock - bottom oil prices mean that it's cheaper for producers to simply make new plastic than use recycled material.
They will still be there but as soon as they can't meet their debt obligations or go bankrupt, a major oil producer such as Shell or Exxon will simply swoop in and buy them out.
«The market simply got too bullish without pausing to consider the response of U.S. shale,» Tran said, noting that domestic producers continue to see shale flourishing with oil in the mid-US $ 50 range.
Existing technologies allow oil producers who can not pump the natural gas into a pipeline to simply reinject it back underground, use it to generate electricity or, by installing a so - called Fischer — Tropsch conversion system, change the former nuisance gas into liquid fuel, among other options.
We simply won't have the money because it will have been shipped overseas to foreign oil producers.