Sentences with phrase «oil shock»
The phrase "oil shock" refers to a sudden and significant increase in the price of oil. It can happen due to various reasons such as wars, conflicts, or disruptions in oil supply. This increase in oil prices can have a major impact on the global economy, causing higher fuel costs, inflation, and economic instability. Full definition
Likewise, if peak oil has not yet arrived, what I call the last oil shock certainly has.
newscientist.com
You need to look beyond the recent oil shock if you want to truly assess how large energy companies are performing relative to their peers.
There are many ways that oil shocks affect the economy, and none of them is good.
But annual growth figures go back far further and show a far longer period of growth - a quarter - century's worth, lasting from the end of the second world war to the first oil shock of the seventies.
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 commodity.
In fact, high gas taxes can have the longterm effect of buffering citizens from oil shocks — transportation planning evolves to accommodate higher petroleum costs, the market incentivizes more efficient cars, and folks aren't as vulnerable when gas prices rise.
Installing shock absorbers to cushion from the impact of oil shocks while building a more robust clean economy for the future.
Power generation survived but got squeezed by nat gas and nuclear (as did oil fired power generation and industrial use of oil on the back of the 1970s oil shocks).
When the first OPEC oil shock hit in the 1970s, President Nixon responded by lowering the national speed limit to 55 miles per hour in a bid to conserve energy.
The world risks a full - blown oil shock within months as three geostrategic crises come to the boil and Saudi Arabia hints at US$ 100 crude, setting off a speculative scramble by commodity hedge funds.
The new ERISA funding requirements were imposed at the same time that the economy tanked, oil shocks spiked inflation, and we entered the now infamous period of «stagflation.»
«The U.S. has not faced up to the problem of negative oil shocks» and the need for energy independence he says — another reason to invest elsewhere.
Global oil shocks in the»70s spurred the airline industry to look for ways to increase fuel efficiency without compromising performance.
This economic fact is much different than the First and Second Arab Oil Shocks of the 1970s.
Narayan PK, Narayan S, Smyth R. Are oil shocks permanent or temporary?
The correlation between oil shocks and economic recessions appears to be too strong to be just a coincidence (Hamilton, 1983a, 1985).
IEA Finds Members Well Prepared For a New Oil Shock, But Warns of Challenges to Future Energy Security 22 February 2001
Cars sold anywhere in the world would be flex - fuel models, allowing small and developing countries to develop competitive fuel markets and domestic alternative fuel industries, while protecting themselves against economically devastating oil shocks.
David Strahan is a former BBC business correspondent and author of The Last Oil Shock (John Murray, 2008)
Gaza Oil Blockade Fuels Innovative Solutions Necessity breeds ingenuity — the old cliché is certainly true when it comes to the recent oil shocks.
His other complaint was that the 1990 baseline ruled inadmissible the huge gains in energy efficiency Japan had made in the 1980s in response the 1970s oil shocks.
Forty years ago, the U.S. endured its first oil shock and, as a result, reduced its use of oil by improving gas mileage in cars and researching alternatives.
As one of the country's largest independent refiners, Phillips 66 hasn't taken as severe a beating from the cheap - oil shocks that shook the rest of the energy industry.
This rise in yield was undoubtedly the result of expectations of future inflation due to the oil shock.
Even the long period of apparent stability during the 1950s and 1960s came to a dramatic end with the oil shock of 1973 (which was rooted in the long period of low prices during the previous two decades).
The Dow vs. Everything Else: «In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president.
«This chart in nutshell captures the rapidly shifting economic fortunes between regions as a result of the oil shock, the Canadian dollar's steep drop and the ongoing improvement in the U.S. economy.
Our sense is that in light of the oil shock and weak economic growth recorded in Canada this past year, the SEPH is likely telling the more accurate story, meaning we could see employment as measured by the LFS slow significantly during the first half of 2016.»
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.
Still, many analysts say efforts after the oil shock to insulate the economy from future crises may have paid off.
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president.
The Bank of Canada reported Monday that business sentiment for future sales growth remained «weak» in the second quarter as Canada's energy industry struggled with an oil shock.
The view was that oil shocks, loose monetary policy, taxes, deficits and labor strikes were also mere obstacles to grow past.
In the face of an oil shock and other weakness, monetary policy is expected to do the heavy lifting of beating an economic funk.
Slowdowns sometimes persist for long periods, such as the retrenchment caused by the oil shocks of the 1970s, which hampered the global economy into the early Eighties.
What has really made us different from the U.S. has been the oil shock.
If the oil shock had not occurred, we would be more or less in a similar situation.
That divergence is a natural outcome of an oil shock which is bad for Canada and positive for the U.S. economy.
The headline GDP figures suggest the oil shock has been bigger and longer - lasting than the Bank thought, which augurs in favour of a rate cut — just to be safe.
Now, Stephen Poloz didn't use the phrase to suggest that the negative effects of the oil shock would dissipate quickly, but rather that the positive effects would start to outweigh the negative effects in the second half of 2015.