Sentences with phrase «oil shock of»

Regulations to reduce fuel consumption and to increase vehicle mileage were born during the oil shock of the 1970s.

The Times» series on China shows that we are not the only ones who need to rethink pell - mell development; on the other side of the coin, the oil shock of the l970's showed how a crisis could lead to fuel conservation measures and alternative energy investments that helped slow CO2 emissions in this country for quite a few years.

I look at the oil shock of the» 70's and 80's and the anthroprogenic global warming as over reactions.

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.

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.

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.

The oil shocks of the 1970s were followed by low prices, and away went almost all the research and efficiency initiatives that might have reduced American dependence on imported oil (and CO2 emissions).

This economic fact is much different than the First and Second Arab Oil Shocks of the 1970s.

The term Energiewende was coined three decades ago, in response to the oil shocks of the 1970s, by Öko - Institut, an ecological think tank that defined the transition as «growth and prosperity without oil or uranium.»

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.

Renewable Energy World Ever since the oil shocks of the 1970s, there has been speculation about what it would take to completely wean ourselves from fossil fuels.

The oil shocks of the 1970s inspired him, he says, to pursue technologies to make a big car capable of 100mpg.

The spur for the nuclear programme, and the «dash to gas» was increasingly expensive coal, and oil shocks of the»70s.

Thousands of miles away on sunny Barbados, islanders saw their water heating bills rise after the two oil shocks of the 1970s.

Just like the Oil shocks of the 70's that drove both these groups into renewable energy, last years oil shock has seen a huge investment in R&D and manufacturing, especially in Singapore, California, Germany and Japan.

Data on the energy intensity of GDP show big variations across time and space, e.g. the sharp decline in US intensity after the oil shocks of the 1970s, which then flattened out as prices came down, and the much lower energy intensity of European nations with high gasoline taxes.

Time to buy a bike: Gasoline prices in North America will soar over the next four years to $ 7.00, causing a massive jolt to the continent's manufacturing base not seen since the oil shocks of the 1970s, a leading economist is warning.

Not exact matches

He was a well - oiled machine that simply thought nothing bad could ever happen to him and for 15 years nothing did!This pro was in for the shock of his life when one day he took a few shortcuts and caused a massive explosion nearly ending his own life.

Negative supply shocks to the economy, such as a foreign oil embargo, will reduce the production or supply of real goods and services.

In the midst of shock and sadness, already there are those who have concluded this is an advantage for the pipeline industry in the oil debate.

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.

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

«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.»

The high income households have nice broad, diversified safety nets that can allow them to withstand shocks (oil prices, housing prices, employment fluctuations, unexpected illness) by shifting through short, medium and long - term forms of saving.

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.

The West has had enough: Don't be shocked if Alberta's new Premier restricts the flow of oil money to the feds.

By the 1973 oil supply shock, petroleum provided 50 % of the world's energy; overall demand is much higher today, but oil still represents 35 % of total demand.

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.

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.

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.

Following the initial shock of oil - supply risk, U.S. Treasury bond and related «flight - to - safety» investments tend to lower oil price trends as the U.S. dollar appreciates.

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.

OPEC hopes to stimulate demand through low oil prices back to the peak levels that existed before the price shocks of the 1970s and 1980s.

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 the face of an oil shock and other weakness, monetary policy is expected to do the heavy lifting of beating an economic funk.

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.

OPEC's Secretary General Mohammad Barkindo, who met with hedge fund managers, seemed shocked that many of them had no «basic understanding» of oil and were less savvy than was widely assumed.

That divergence is a natural outcome of an oil shock which is bad for Canada and positive for the U.S. economy.

August 30, 2016 — The effects of large oil price shocks on the Canadian economy are complex, as is the best response of monetary policy, but getting it wrong can be very costly, according to a new...

Those of you who can recall our experience with the oil price shock of the 1970s will remember the subsequent effort required to bring inflation under control.

There are many ways that oil shocks affect the economy, and none of them is good.

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.

For example, from: 1) the replenishment of foreign exchange buffers large enough to protect the economy against a protracted shock; 2) a significant reduction in government debt metrics; 3) a successful diversification of the economy and government revenues that will become less dependent on oil receipts; 4) continued improvements in governance and institutional strength which act as long — term constraints on Angola's rating.

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.

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.

Russia's economy has absorbed the shocks from oil and sanctions, and there are signs of a nascent turnaround, although economic activity will still contract by 0.6 percent this year