Sentences with phrase «reality of lower oil prices»

The force of sanctions meant the Islamic Republic had to adapt to the reality of lower oil prices much earlier than other oil exporters.

Not exact matches

Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.

If lower oil prices are as bad for Canada's economy as rate - cutting Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality.

This year's Gulf of Mexico gusher seemed to pose potent political perils just a few months ago, but all along its significance was blunted by the reality that it did not affect oil or gas prices, which have stayed relatively low.

Half a year after the president's rejection, many of the arguments for expansion have been tempered not only by the realities of long term lower oil prices, but by the Keystone XL debate itself.