Sentences with phrase «surge in oil prices»
One consequence of the recent surge in oil prices is the Energy Policy Act of 2005, which offers a series of grants and tax incentives to encourage development and investment in alternative energy sources: biofuels, forest biomass, wind, solar, and geothermal.
sciencemag.org
TORONTO — The Toronto stock market ended Tuesday on a high note as a surge in oil prices boosted energy stocks and rumours of U.S. wireless carrier Verizon entering the Canadian market appeared to lose steam.
«The surge in oil prices since the end of last year is already doing significant damage,» he said.
By the way, this surge in oil prices does not, in itself, amount to a rise in Australia's terms of trade.
While the surge in oil prices was largely the result of heightened geopolitical risk in Venezuela, Saudi Arabia, Iran, and Iraq, the pullback can be attributed to ongoing concerns that more crude could be produced than the market can absorb.
The prime minister is attending an energy summit in Jeddah, Saudi Arabia, to discuss ways of controlling the surge in oil prices and stepping up production.