Sentences with phrase «world oil prices spiked»

The practice of imposing fuel surcharges blossomed around 2004 when world oil prices spiked.

The practice of imposing fuel surcharges blossomed around 2004 when world oil prices spiked.

Not exact matches

3The world oil price also hit $ 30 per barrel for a brief period in the oil - price spike of late 2000.

«Untitled Spike Jonze / Charlie Kaufman Project «Synopsis: A satire about a gathering of world leaders as they plan a series of world - changing events, from wars to shifting oil prices.

Today, the House Energy and Commerce Committee should be holding a hearing on advancing America's, and the world's, energy future by initiating a sustained quest to break the economic shackles imposed by enduring dependence on oil (that doesn't involve using 40 percent of our corn crop to produce ethanol in a world facing food price spikes).

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:

Unless, as Michael Levi of the Council on Foreign Relations and The Post's Brad Plumer pointed out, America were to take the extraordinary step of removing itself from the world oil market entirely, which could lead to its own price spikes and ignite a trade war.

Even Saudi Arabia, the largest exporter of oil in the world, told the Bush administration back in 2008, during the last major spike in oil prices, that speculation was responsible for about $ 40 of a barrel of oil.