Sentences with phrase «when oil prices collapsed»

The economic situation in Alberta and Ontario appears strikingly similar to the mid-1980s, when oil prices collapsed and tens of thousands of Albertans moved to Ontario.

When the oil price collapsed, the $ 76 level offered very weak support.

Not exact matches

When the carrier's 2015 volumes fell because of external forces, such as collapsing oil prices, Reckmeyer saw an opportunity.

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

As crude prices began to plunge last year, many energy experts predicted a repeat of 1986 when U.S. oil companies lost their funding and the industry collapsed into a yearslong bust.

When the Bank of Canada cut interest rates in 2015 to offset the collapse of oil prices, it was worried about more than a blow to gross domestic product; it was also thinking about what mass firings in the oil patch could mean for the financial system.

Terex's crane sales declined 7.5 % in 2014, falling most steeply in the latter half of the year — when oil prices were collapsing — and coming in below the company's own forecasts.

But when policy - makers studied the data, their models foretold a dark future from the collapse of oil prices.

This scenario was part of our thinking at the beginning of last year, when Canada's economy was hit by the collapse in oil prices and we cut our policy interest rate.

One of the things we learned when oil collapsed a couple of years ago was that there was a positive feedback loop embedded in declining oil prices.

When this distribution system start getting problems (due to oil prices getting too low) in combination with high circles corruption — then the system collapsed.

Their development was put on hold in early 2008, when oil prices shot up and killed off the big, V - 8 truck business, even before the September ’08 Lehman Brothers collapse culminated in GM's ’09 bankruptcy.

Since 50 % of sales are exposed to the oil and gas industry, let's take a look at how the company performed when the price of oil collapsed between 2014 - 2016.

Energy prices have dominated inflation dynamics since mid-2014 when oil prices began their collapse.