Not exact matches
COPENHAGEN, Feb 9 (Reuters)- A.P. Moller - Maersk's move to focus on transport and jettison
oil was tested on Friday as the
world's largest container shipping firm missed profit forecasts and gave what
analysts saw as a conservative outlook.
The price of
oil will come under «serious downward pressure» as the nuclear deal between Iran and six
world powers kicks in next week, a leading
analyst told CNBC.
Calling Wal - Mart «our best $ 35
oil idea» in a mid-December note, Nomura
analyst Robert Drbul wrote that low
oil and gas prices help Wal - Mart «for two key reasons: 1) we believe lower income demographic consumers stand to benefit most from lower gas prices, and 2) we believe its private transportation fleet (> 6,650 trucks; one of the largest in the
world) will realize cost benefits due to low fuel prices.»
Analysts are guessing that the
world's biggest
oil producer could be worth anywhere from $ 1 trillion to $ 10 trillion.
The companies and Wall Street
analysts argue that the downturn will reverse as all others have in the past because the
world still needs
oil, and a lot of it.
Some
analysts argue that the falling
oil price could end the
world's slow march towards zero carbon energy.
That share is likely to fall as
oil prices drop,
analysts Energy Intelligence predict, particularly as biofuels rely on government support, which is waning in some parts of the
world.
Victor Shum, an energy
analyst with Purvin & Gertz in Singapore, says fears that the turbulence spreading across the Arab
world would shut down
oil production are most likely unfounded, but they are still having an effect on prices.
Many
analysts predict that the
world's production of oil will peak in the next ten to twenty years, but oil expert Matt Simmons, author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, presents a compelling case that Middle Eastern oil production may have already reached its
world's production of
oil will peak in the next ten to twenty years, but oil expert Matt Simmons, author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, presents a compelling case that Middle Eastern oil production may have already reached its pe
oil will peak in the next ten to twenty years, but
oil expert Matt Simmons, author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, presents a compelling case that Middle Eastern oil production may have already reached its pe
oil expert Matt Simmons, author of Twilight in the Desert: The Coming Saudi
Oil Shock and the World Economy, presents a compelling case that Middle Eastern oil production may have already reached its pe
Oil Shock and the
World Economy, presents a compelling case that Middle Eastern oil production may have already reached its
World Economy, presents a compelling case that Middle Eastern
oil production may have already reached its pe
oil production may have already reached its peak.
The military's annual consumption of about 120 million barrels of
oil is not only an enormous cost to the federal government but also a strategic risk because of the volatility of
world oil markets, military
analysts have said.
Though
analysts have long forecast the withering of this mature field [see this 2004 EnergyBulletin post, for example], a rapid demise would pose serious challenges for the
world's No. 5
oil producer.
Analysts at Carbon Tracker found that no new coal mines were needed in a 2C
world and
oil demand should peak by 2020.
In the report on peak
oil commissioned by the US Department of Energy, the
oil analyst Robert L.Hirsch concluded that «without timely mitigation, the economic, social and political costs» of
world oil supplies peaking «will be unprecedented.»