Sentences with phrase «world oil costs»

Not exact matches

Against three - digit world oil prices, these costs may seem competitive, but a look at some historical figures reveals why investors may remain nervous about oilsands cost inflation.

Suncor Energy Inc., the world's second - largest oil - sands producer, said first - quarter profit fell 23 percent on lower output, higher costs and absence of a gain from insurance settlements a year earlier.

It's one of the country's largest oil and gas producers, but, says Cheng, price differentials between Canadian and world oil prices, low natural gas prices, cost inflation and project delays caused investors to get antsy.

HOUSTON ConocoPhillips, the world's largest independent oil and gas exploration and production company, posted a bigger - than - expected first - quarter profit on Thursday, helped by rising crude prices and cost cuts.

And right now doesn't seem to be the time to try to raise capital to extract some of the highest cost oil in the world.

A supply curve is an ordered list of all the oil production opportunities globally, sorted by the cost of extraction or, probably better for this example, the potential free - on - board price at a global trading hub — take every oil play in the world and ask what it would cost delivered to the US Gulf Coast as a starting point.

The failure of high cost North American producers to cut production in an oversupplied world oil market is setting the stage for another leg down in oil prices.

From the giant Daqing oil field in China, to the offshore Girassol oil field in Angola, oil is produced around the world at differing levels of quality and with varying costs.

The rising cost of oil, its impact on global warming, the geopolitical risks associated with oil dependency (especially as fuel for automobiles), followed more recently by the rise of cost effective alternatives presents a «change the world» opportunity for Apple.

DiLallo sums it up nicely: «Saudi Arabia has the lowest oil production costs in the world thanks to two strategic advantages: Abundant pools of oil close to the surface and no taxes on production.

One of the best - kept secrets has been how much money Saudi Aramco has been making from extracting what is likely the lowest - cost oil in the world.

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.»

In a world of falling prices, however, it will be high cost production from shale formations and the oil sands, not the low cost conventional crude from places such as Saudi Arabia and Iran that will be hit the hardest.

Saudi Arabia, the world's biggest exporter, has been able to use its low cost base to put even more oil onto the world market.

Aramco produces almost 10 million barrels of oil a day — just over 10 percent of the world's total supply — from some of the largest, lowest - cost fields in the world.

And in the villages, the rice paddies are plowed while transistor radios next to the field broadcast the changing prices of oil — which influence fertilizer and marketing costs — along with the latest pop music from all over the world.

World Politics Could Sour the Cost of Wine: Mixing the world of politics and wine might be a bit like oil and water for some reaWorld Politics Could Sour the Cost of Wine: Mixing the world of politics and wine might be a bit like oil and water for some reaworld of politics and wine might be a bit like oil and water for some readers.

His Vice President mesmerised the whole world with his famous $ 15 million addressing system, his cousin, the Finance Minister sat in his room with his wife and business associates and issued a $ 2.25 bond on behalf of the people of Ghana, his ministers are inflating cost of projects in the name of «typo error» and his cousins selling our oil like tomatoes on Mallam Atta market.

«Saudi Arabia has one of the lowest costs to produce oil in the world.

This artificially low price has cost the largest oil refinery company in the country — and third largest in the world — Sinopec more than 20 billion yuan this year.

We are used to a world where we are rich in energy, driven by low - cost oil.

Even flooding old oil reservoirs with CO2 could prove too expensive to sustain in a world where oil costs $ 30 a barrel rather than the $ 120 a barrel of a few years back.

We are used to living in a world where we are incredibly rich in energy, driven primarily by low - cost oil.

«We have an obligation to the world to deliver clean, reliable, low - cost energy that is hopefully low carbon, too,» adds chemical engineer David Rogers, general manager for climate change at Chevron, a California - based oil company that did not join efforts to suspend California's climate change initiative.

Khew and others say Singapore's highly efficient oil refining industry could help the world meet its demand for petroleum at a lower environmental cost than elsewhere.

The learning platform allows Oil Spill Response to easily and cost - effectively deliver and standardise the quality of training around the world.

This paper provides an overview of recent trends in light - duty vehicle fuel economy around the world, new projections, and a discussion of fuel economy technology opportunities and costs over the next 30 - 50 years - all in the context of recent IEA projections of global energy use (especially oil use) and CO2 emissions.

Yes, for the individual owner it maybe does, but that at the cost of the rest of the world, because electric energy still comes mostly from coal / oil / nuclear power generators for one, with correspondent pollution and infrastructure load.

Thank a US firm for shelving EV scale NiMH batteries through selling the patent to an oil company and jacking hybrid battery costs for decades for the whole world.

It is one thing to make people aware of things, like the difference in buying fair trade coffee or in how much an SUV hurts the environment or what the gallon of ethanol dubyra is pushing is costing many poor people (and the rest of us) to try and prop up the oil economy, and another to try and proclaim that people are the root cause of all the misery in the world, which is complete crap (things like bad governments and overpopulation don't exactly help).

In a world where the long - term trend is toward higher oil prices, how does a government and society avoid the «shock and trance» response to short - term wiggles in energy costs?

Simpletons and Bush / Mcbush apologists also feel that ethanol which is LESS efficient than ordinary gas, is a GREAT idea, even as it creates the world's largest dead zone in the Gulf, offshore drilling is THE answer despite anyone w / a brain stating that this capacity won't come online for 30 years and which will produce about three weeks» worth of oil at our country's CURRENT rate of use, and that some silly gas tax reprieve, which will cost us in infrastructure improvements and lost jobs, is a good thing....

Four large - scale shifts in the global energy system set the scene for the World Energy Outlook 2017: the rapid deployment and falling costs of clean energy technologies, the growing electrification of energy, the shift to a more services - oriented economy and a cleaner energy mix in China, and the resilience of shale gas and tight oil in the United States.

And does anyone anywhere in the world believe that oil companies like BP will really end up paying the true cost of the recent Gulf of Mexico oil spill?

As oil prices have climbed, a number of countries have greatly reduced or eliminated subsidies that held fuel prices well below world market prices because of the heavy fiscal cost.

In a rebuff to coal, oil and gas companies, Rachel Kyte, the World Bank climate change envoy, said continued use of coal was exacting a heavy cost on some of the world's pooreWorld Bank climate change envoy, said continued use of coal was exacting a heavy cost on some of the world's pooreworld's poorest...

Envision a world where the three North American countries act as a bloc to trade freely among themselves in all things energy, are regulated in a cost - effective and coordinated system — and rival every other nation or bloc in its ability to influence world markets for oil and gas.

The analysis found, somewhat surprisingly, that only proceeding with lower cost, less carbon - intensive projects needed to satisfy demand in a carbon - constrained world will add over $ 100 billion to the value of the world's seven oil majors, unless oil prices spike beyond $ 100 a barrel for a sustained period of time — well over OPEC's long - term average assumption of around $ 80 a barrel.

Because gasoline prices are largely determined by the cost of crude oil, which is set on the world market, experts say that the way to reduce our vulnerability to gas price spikes is to decrease our dependence on oil, regardless of where the oil comes from:

(07/21/2008) Shell Oil is funding a project that seeks to test the potential of adding lime to seawater as a cost - effective way to fight global warming by sequestering large amounts of carbon dioxide in the world's oceans, reports Chemistry & Industry magazine.

We will reduce the cost of a barrel of oil because we show the world that we have a supply of our own.

This will drive up the cost of oil in the USA while reducing the shareholder return to oil on the world market.

An Oil Bonanza, With a Cost Alberta's oil sands, also known as tar sands, are one of the world's largest petroleum reservoiOil Bonanza, With a Cost Alberta's oil sands, also known as tar sands, are one of the world's largest petroleum reservoioil sands, also known as tar sands, are one of the world's largest petroleum reservoirs.

The oft - repeated «Canada has only one market» rhetoric ignores the fact that oil is a globally priced commodity, that the US Gulf Coast has the world's largest concentration of coking refineries able to optimally refine Canadian heavy oil, and that there is likely a price discount, not a premium, from exporting to Asia, given transportation costs.

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.

The quick reaction time by some of the high - cost producers, notably the American shale oil drillers, is why one of the world's foremost oilmen, Sadad Al - Husseini, the former executive vice-president of Saudi Aramco, the world's biggest oil and gas company, is becoming bullish on oil even as Brent prices sink to the low $ 60s.

Ignoring the huge environmental impact of exploration, spillages, refining and usage of oil for a second... We have to import vast amounts of oil from all over the world, some from particularly unstable areas, at a high financial cost.

(11/15/07) «Ban the Bulb: Worldwide Shift from Incandescents to Compact Fluorescents Could Close 270 Coal - Fired Power Plants» (5/9/07) «Massive Diversion of U.S. Grain to Fuel Cars is Raising World Food Prices» (3/21/07) «Distillery Demand for Grain to Fuel Cars Vastly Understated: World May Be Facing Highest Grain Prices in History» (1/4/07) «Santa Claus is Chinese OR Why China is Rising and the United States is Declining» (12/14/06) «Exploding U.S. Grain Demand for Automotive Fuel Threatens World Food Security and Political Stability» (11/3/06) «The Earth is Shrinking: Advancing Deserts and Rising Seas Squeezing Civilization» (11/15/06) «U.S. Population Reaches 300 Million, Heading for 400 Million: No Cause for Celebration» (10/4/06) «Supermarkets and Service Stations Now Competing for Grain» (7/13/06) «Let's Raise Gas Taxes and Lower Income Taxes» (5/12/06) «Wind Energy Demand Booming: Cost Dropping Below Conventional Sources Marks Key Milestone in U.S. Shift to Renewable Energy» (3/22/06) «Learning From China: Why the Western Economic Model Will not Work for the World» (3/9/05) «China Replacing the United States and World's Leading Consumer» (2/16/05)» Foreign Policy Damaging U.S. Economy» (10/27/04) «A Short Path to Oil Independence» (10/13/04) «World Food Security Deteriorating: Food Crunch In 2005 Now Likely» (05/05/04) «World Food Prices Rising: Decades of Environmental Neglect Shrinking Harvests in Key Countries» (04/28/04) «Saudis Have U.S. Over a Barrel: Shifting Terms of Trade Between Grain and Oil» (4/14/04) «Europe Leading World Into Age of Wind Energy» (4/8/04) «China's Shrinking Grain Harvest: How Its Growing Grain Imports Will Affect World Food Prices» (3/10/04) «U.S. Leading World Away From Cigarettes» (2/18/04) «Troubling New Flows of Environmental Refugees» (1/28/04) «Wakeup Call on the Food Front» (12/16/03) «Coal: U.S. Promotes While Canada and Europe Move Beyond» (12/3/03) «World Facing Fourth Consecutive Grain Harvest Shortfall» (9/17/03) «Record Temperatures Shrinking World Grain Harvest» (8/27/03) «China Losing War with Advancing Deserts» (8/4/03) «Wind Power Set to Become World's Leading Energy Source» (6/25/03) «World Creating Food Bubble Economy Based on Unsustainable Use of Water» (3/13/03) «Global Temperature Near Record for 2002: Takes Toll in Deadly Heat Waves, Withered Harvests, & Melting Ice» (12/11/02) «Rising Temperatures & Falling Water Tables Raising Food Prices» (8/21/02) «Water Deficits Growing in Many Countries» (8/6/02) «World Turning to Bicycle for Mobility and Exercise» (7/17/02) «New York: Garbage Capital of the World» (4/17/02) «Earth's Ice Melting Faster Than Projected» (3/12/02) «World's Rangelands Deteriorating Under Mounting Pressure» (2/5/02) «World Wind Generating Capacity Jumps 31 Percent in 2001» (1/8/02) «This Year May be Second Warmest on Record» (12/18/01) «World Grain Harvest Falling Short by 54 Million Tons: Water Shortages Contributing to Shortfall» (11/21/01) «Rising Sea Level Forcing Evacuation of Island Country» (11/15/01) «Worsening Water Shortages Threaten China's Food Security» (10/4/01) «Wind Power: The Missing Link in the Bush Energy Plan» (5/31/01) «Dust Bowl Threatening China's Future» (5/23/01) «Paving the Planet: Cars and Crops Competing for Land» (2/14/01) «Obesity Epidemic Threatens Health in Exercise - Deprived Societies» (12/19/00) «HIV Epidemic Restructuring Africa's Population» (10/31/00) «Fish Farming May Overtake Cattle Ranching As a Food Source» (10/3/00) «OPEC Has World Over a Barrel Again» (9/8/00) «Climate Change Has World Skating on Thin Ice» (8/29/00) «The Rise and Fall of the Global Climate Coalition» (7/25/00) «HIV Epidemic Undermining sub-Saharan Africa» (7/18/00) «Population Growth and Hydrological Poverty» (6/21/00) «U.S. Farmers Double Cropping Corn And Wind Energy» (6/7/00) «World Kicking the Cigarette Habit» (5/10/00) «Falling Water Tables in China» (5/2/00) Top of page

LONDON, 30 May, 2017 — In forthright language seldom heard in international climate policy negotiations, a renowned German economist says it is time for the world to accept the truth about the real cost of fossil fuel, and to reject the lie that coal, oil and gas cost society nothing.

And we achieved that success while leading the world in oil and natural gas production, which has created good - paying energy jobs, helped cut manufacturing costs and spurred small business activity throughout the nation.