Barrel
in sentence
422 examples of Barrel in a sentence
Some experts argue that it has already raised oil prices by about $15 per
barrel.
Indeed, regardless of what OPEC or its members decide, the vicious cycles described here will support oil prices around the world probably in the range of $70-$90 per
barrel.
Mao was wrong: political blackmail seems to be a more effective tool than the
barrel
of a gun.
And for the West, we should all remind ourselves about $100 a
barrel
oil.
In any case, if the oil price remains at around $50 per barrel, Russian oil rents will remain substantial.
Even before the recent Middle East political shocks, oil prices had risen above $80-$90 a barrel, an increase driven not only by energy-thirsty emerging-market economies, but also by non-fundamental factors: a wall of liquidity chasing assets and commodities in emerging markets, owing to near-zero interest rates and quantitative easing in advanced economies; momentum and herding behavior; and limited and inelastic oil supplies.
As it stands, the GCC’s aggregate fiscal break-even oil price (at which oil revenues are sufficient to cover government spending), currently around $75 per barrel, is below this year’s average Brent crude oil price of $108 per
barrel.
Citigroup estimates that, by 2020, oil will cost just $75 per barrel, and the former head of international forecasting at the OECD suggests that the number could be closer to $50.
Royalties, which tax each
barrel
as it is produced, are a more effective approach.
Despite weak economic growth in advanced economies and a slowdown in many emerging markets, oil is already at around $100 per
barrel.
With the Syrian government – through its murder of tens of thousands of civilians with
barrel
bombs and poison gas – having more than fulfilled the criteria for triggering the international community’s obligation to intervene, Brazil could suggest what an intervention that reflected the principle of “responsibility while protecting” might look like.
Russia’s economy may grow by barely 2% this year, with potential growth also at around 3%, despite oil prices being around $100 a
barrel.
Now, with futures markets predicting that oil will be $50 to $60 a
barrel
for the next two years, demand for gas-guzzlers has evaporated, taking with it the prospects for America’s auto companies, whose corporate strategies have bet on low oil prices and America’s love affair with the SUV.
The price of oil has increased by 85% over the past 12 months, from $65 a
barrel
to $120.
If the price of oil had remained at $65 a barrel, the cost of the same volume of imports would have been only $179 billion, and the trade deficit would have been one-fifth lower.
Oil above $140 a
barrel
was the last straw – coming on top of the housing busts and financial shocks – for the global economy, as it represented a massive supply shock for the US, Europe, Japan, China and other net importers of oil.
As a result, one cannot rule out that by late 2010 or 2011, a perfect storm of oil above $100 a barrel, rising government-bond yields, and tax increases (as governments seek to avoid debt-refinancing risks) may lead to a renewed growth slowdown, if not an outright double-dip recession.
Yet, caught in the sights of a gun barrel, nobody – not even the brave men and women who camped in their hundreds of thousands in the snow before Ukraine’s parliament – knew with certainty whether those changes had wrenched Ukrainians from the grip of fear and apathy.
They just had not recognized – or had not cared to recognize – the need for action until OPEC had them over a
barrel.
The
barrel
bombs caused 70,000 civilians to flee to Turkey; the ground offensive could uproot many more.
The build-up of real and financial problems – the worst US housing recession ever, oil at $90 a
barrel
or above, a severe credit crunch, falling investment by the corporate sector, and savings-less and debt-burdened consumers buffeted by multiple negative shocks – make a recession unavoidable.
The Geopolitical Impact of Cheap OilCAMBRIDGE – The price of oil has fallen more than 25% in the past five months, to less than $80 a
barrel.
Even at $75 or $80 a barrel, these governments will have a difficult time financing the populist programs that they need to maintain public support.
A price of $60 a
barrel
would create severe problems for Russia in particular.
According to the Violations Documentation Center, the leading cause of death among Syrian civilians this year has been the indiscriminate use of aerial weapons –
barrel
bombs and chlorine gas dropped from helicopters by the Syrian army.
Such a response would immediately cause oil prices to spike – possibly to $200 per
barrel
in the short run.
A protracted conflict could mean sustained prices of roughly $150 per
barrel.
Given that Americans consume roughly 18.5 million barrels of oil daily, a mere $8 increase in the price per
barrel
would sap $1 billion per week from the US economy, jeopardizing its already-fragile recovery.
The price of a
barrel
of Brent crude, which was well below $100 in 2011, recently peaked at $125.
With the
barrel
price reaching $145 in July of that year, oil-importing advanced economies and emerging markets alike faced a recessionary tipping point.
Back
Next
Related words
Prices
Bottom
Price
Which
Would
About
Could
Above
There
Still
Through
Economy
World
Global
Dollars
Crude
Years
Their
Movie
Around