Barrel
in sentence
422 examples of Barrel in a sentence
Among other things, Resolution 2139 requires that “all parties immediately cease all attacks against civilians, as well as the indiscriminate employment of weapons in populated areas, including shelling and aerial bombardment, such as the use of
barrel
bombs….”
Unprecedented recent purchases of oil contracts by non-commercial speculators in the New York and London futures markets suggest that sanctions may already be priced in, with Brent oil trading at $78 a
barrel.
That is the question confronting Russians today, and we fear that their fate will be the latter: if oil prices remain at $70-80 per barrel, Russia is likely to relive key features of the Brezhnev era of the 1970’s and 1980’s – with a stagnating economy and 70-80% approval ratings for its political leaders.
In practical terms, this means that oil prices, for example, are more likely to hover near $120 per
barrel
over the next decade, rather than $50; and we are unlikely to see a $20
barrel
of oil ever again.
Nor did it have the wherewithal, as its own production and oil prices continued to decline, hitting a trough of $10 per
barrel
in 1999-2000.
The recent price slide – to $50-60 per barrel, halving the value of Russia’s oil production – suggests that history is about to repeat itself.
At around $30 a barrel, oil prices are remaining high even though a soft global economy means that world demand is low.
(Over the last five years, the average would have been $22 a barrel.)
Putin’s Russia needs oil at $100 a
barrel
and will start running out of currency reserves in 2-3 years.
It was the end of a decade in which oil prices had undergone two dramatic increases, and most of the various geniuses of the day were confidently predicting that they would continue to soar, from under $40 per
barrel
– a historic high at that time – to above $100.
It would not hit $100 per
barrel
until January 2008.
In my ongoing quest to become better at forecasting, I began, a few years ago, to pay attention to the five-year forward oil price as it compares to the Brent crude oil spot price, the price of a
barrel
of oil today.
I thought it was probably the beginning of a move back down to $80 per
barrel
– precisely where the price has landed at the end of 2014.
The drop in the spot price of oil has taken it significantly below the five-year forward price, which remains close to $80 per
barrel.
Bush’s invocation of democracy to justify the invasion of Iraq implied that democracy could be imposed at the
barrel
of a gun.
People want freedom, but not when it comes from the
barrel
of a US gun.
If there were any assurance that prices would remain permanently above even $40 a barrel, alternative energy sources (including shale oil) would be developed.
Thus, what only a few months ago had looked from Washington like a successful transition to some sort of representative government is obviously a travesty: just as under Saddam, power today grows out of the
barrel
of the gun – only now the state does not hold a monopoly on the means of violence.
With oil prices languishing around $40 a barrel, fossil-fuel companies do not need governments to tell them to stop investing.
Their economies, having proved they can cope with oil at $100 a
barrel
or more, clearly do not need an infusion of cheap energy to thrive.
The first is the dramatic drop in global oil prices, from above $100 per
barrel
in the middle of 2014 to below $40 today.
The Memorandum, revised in 1991, entitled Shell to a guaranteed profit of between $2 and $2.50 per
barrel
produced as long as oil prices remain in the range of $12.50 to $23.50, and provided that it invests a minimum of $1.50 on every
barrel
it produces.
As a further sweetener, Shell was entitled to a bonus of ten to fifty cents per
barrel
for every operating year in which it discovers new oil fields with reserves greater than the volume of the oil it extracts.
Most experts predict that such a move would drive the price of oil – including the Venezuelan, Nigerian, and other oil that the US, China, and India consume – above $100 per
barrel.
The 2015 budget that Russia developed last summer was based on the assumption that oil prices would remain at $100 per barrel, with annual GDP growth and inflation at about 2% and 5%, respectively.
China still hews to Mao Zedong’s belief that “power grows out of the
barrel
of a gun.”
And they put the quality of Chinese development advice near the bottom of the barrel, implicitly dismissing the lessons of China’s statist economic model.
In the last six years, the oil price rose from $77 per
barrel
in January 2010 to over $100 during 2011-2014, before collapsing to below $40 in the face of overcapacity (created partly by the investment spurred by high prices).
But Gorbachev, though still a believer in communism, refused to maintain the Soviet empire at the
barrel
of a gun.
Each reduction of one million barrels per day translates into lost revenues of around $30 million per day at today's world market price of $30 per
barrel.
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