Sentences with phrase «oil wealth post-1961»

The fund, which was created in the 1990s to safeguard Norway's oil wealth for future generations, has warned that the outflows will affect its ability to deal with risks.

Instead, the slowdown of Middle Eastern capital into the U.S. may be a function of regional investors having less capital to invest with because of the drop in oil wealth, coupled with fewer opportunities to find good rates of return, Costello notes.

Today, the remains of that oil wealth can be seen in the form of the beautiful Art Deco buildings and elaborate gardens that line its downtown districts.

The Saudis then plan to use their oil wealth to import virtually all the grain consumed by their Canada - sized population of nearly 30 million people,» notes Brown, President and Founder of the Earth Policy Institute, a Washington, D.C. - based independent environmental research organization.

«This multi-billion dollar pipeline project had a human cost: the cost was people who did not receive the share of oil wealth running under their feet; people whose rights were violated, who have lost their farmlands and livelihoods at the cost of the pipeline that carries energy, but not for them,» Effendi told the FiftyCrows Foundation for social change photography.

Well - managed, the oil wealth could help lift a generation out of poverty, but the risks to people and environment were also clear — governance and systems to manage the promised oil boom were urgently needed.

The billionaire Koch brothers have long claimed that they have no direct connection to the Tea Party, denying that their vast oil wealth is directly funding corporate front groups like Americans For Prosperity, the key organizers of the fake grassroots Tea Party movement.

«Murky dealings within Libya's National Oil Company, and the systematic mismanagement of the country's oil wealth have effectively denied millions of dollars to the people of Libya,» said Giulio Carini, a campaigner at Global Witness.

Terrorism dovetails with this as their black market oil wealth should be the primary focus of deflating their influence.

Proponents say the large investment in a pilot effort is important, to prove that Alberta has both the technology and geology to address the CO2 emissions that have marred the exploitation of its vast oil wealth.

But the Koch Brothers continue to use their oil wealth to fund campaigns, front groups, think tanks, and politicians to sabotage climate and clean energy policies.

Some of those in power recognize that the oil wealth will eventually run out and are investing in extremely diverse holdings.

One country has undergone a revolution (keep in mind that oil wealth contributed to Mexico's shift *).

Let's put all this together: We have an attractive investment thesis — Islamic finance is one of the most direct conduits to current and future oil wealth, but it's still a relatively niche area in the Western world.

In an economic game of crack - the whip, Dubai is at the end of the line — they don't have much energy production, but they have grandiose ideas that benefit if those with oil wealth decide to spend money nearby for fun, rather than abroad.

As I've detailed before, I believe EIIB offers investors a compelling triple play on frontier markets, Islamic finance, and Middle Eastern oil wealth & resources.

And I hardly need to highlight Islamic finance will be a key beneficiary & gateway to this current & future oil wealth.

Taking the contested relationship between the popular sectors and the Venezuelan state as a point of departure, Iselin Åsedotter Strønen explores how notions such as class, race, state, bureaucracy, popular politics, capitalism, neoliberalism, consumption, oil wealth, and corruption gained salience in the Bolivarian process.

Trickle - down oil wealth and the spread of easily accessible auto financing are lifting sales, which rose by 40 percent in the first half of this year compared with the same period a year ago.

That kind of money can only come from oil wealth, but Yemen has no oil reserves.

Faced with water scarcity and reliance on food imports — and flush with oil wealth that the nation knows can't last forever — Qatar sees science and a «knowledge - based economy» as the ways forward.

Obiang, who has ruled the African country since 1979, stands accused of diverting millions from the country's oil wealth into his own coffers, and his government has a dismal track record on human rights.

For instance, in Alberta, oil wealth currently yields a $ 7 billion (Canadian) surplus annually.

Our sole export was oil and we had built big government and imported consumption based on our perceived «oil wealth».

«To sponsor the Ghana Premier league with capital injection of one million dollars each season, to remove Airport Taxes, to remove utility bills paid by university students living on campus, to increase and give Ghanaians high quality infrastructure nationwide, loans from Western World will be abolished, Woyome will pay back our money, continuation of Mahama projects and we will use our oil wealth income to clear all Ghana's debt.»

Venezuela's once promising economy has been destroyed by successive hard - left governments, despite the nation's vast oil wealth.

Minister of Petroleum Emmanuel Armah - Kofi Buah has given the assurance that bold steps have been taken to drive the oil, gas and power industry forward and emphasised Ghana was on its way to prosperity with its oil wealth.

Prosecutors in Geneva say he has plundered his country's oil wealth to buy luxuries, including a private jet and Michael Jackson memorabilia.

The Middle East's oil wealth, then, has the potential to become the key driver for change and innovation in Arab countries.

Leaders must also take a long - term approach to the management of oil wealth to ensure the region can meet the challenges of food and water shortages, rising population levels and global warming.

Some supported the proposal on equity and fairness grounds, since elites were already perceived to benefit disproportionately from the state's resources, through special - interest appropriations of oil wealth, and because it would bring a huge benefit to low - income Alaskans and those living at a subsistence level.

Indeed, oil wealth, so narrowly shared between the region's ruling minorities, has historically presented a barrier to democracy and left a vacuum of inequality and lost opportunities in many Arab societies.

The decentralisation of oil wealth will also break - up governments» ownership of petrodollar wealth and lead to improved transparency, good governance and trust among the Arab people.

Luanda failed to use its oil wealth to diversify its economy, and its rhetoric of state building and poverty alleviation obscured the fact that dos Santos» allies were benefiting massively from kickbacks and contracts generated by government investment.

Longer answer: OPEC was developed as a way for under - developed economies with oil wealth to fight back against the power of multinational corporations mostly from Britain and the U.S. Norway didn't have that problem, and so wasn't really concerned with the same issues of OPEC.

When Libya was a poor desert economy prior to 1961, central planning and streamlined infrastructural budgets were not yet necessary; however, with the influx of oil wealth post-1961, federalism needed to be abandoned when the inefficiencies it fostered impeded the rapid development of Libya that would otherwise have been possible.

In contrast to his previous book (1994:4, 42 — 77), oil wealth is no longer the main consideration for the region's security.

Ever since oil wealth took over the funding of PSG in 2012, many coaches have come and gone and in each case were deemed to have come short of the club's ultimate goal.

and would add if the same management structure hadn't lied to fans about how all this would allow us to compete with top teams in Europe with... with exception of PSG... are not driven by oil wealth or megalomanic owners... of course none of this has anything to do with the footballing errors consistently made by wenger and which if corrected would at least give us a BETTER shot at winning top trophies than has been the case over the last dozen or so years

This is even more true once you exclude countries that have the windfall of immense oil wealth.

And today it is the cultural imagination of the Islamic world» not its oil wealth or official foreign policies» that makes the region so volatile.

Oil wealth has made prostitution an acceptable way for a young woman to earn university tuition.

All the oil sheiks should have poured the oil wealth back onto their people, ending poverty and unemployment, etc etc. instead of buying yachts and skyscrapers.

The notion that Alberta's oil wealth is just sitting there, waiting to be gathered up by unskilled yobs is both widespread and wrong.

Angola formed a $ 5 billion sovereign wealth fund last year to invest the country's oil wealth.

While oil wealth has paid...

That is due in part to the considerable oil wealth that characterizes countries throughout the region; although lower oil prices in the last two years have significantly impacted fiscal revenues, particularly in the larger more - oil - dependent economies such as Saudi Arabia.

The governor wants legislators to pass his deficit - reduction package, which includes reinstating the state income tax and overhauling the state's $ 50 billion so - called Permanent Fund, which pays the annual dividends every Alaskan receives, representing their share of the state's cumulative oil wealth.

From the carefully groomed, designer suit - clad media wealth manager, to the tweed jacket and signet ring of the chap who dealt with the landed gentry, to the oil wealth manager's keffiyeh, the private wealth managers were carefully selected to make the best possible connection with their clients.

The pro-independence Scottish government says Scotland would be entitled to 90 per cent of Britain's oil wealth — based on divvying up the two countries» waters — but only liable for about 8 per cent of its 1.3 trillion pound ($ 2.1 trillion) national debt, based on its share of the U.K. population.