Barrel
in sentence
422 examples of Barrel in a sentence
The price of solar energy is already plummeting: the National Bank of Abu Dhabi has noted that a large solar installation in Dubai could produce energy at a price that would be competitive with oil at $10 per
barrel.
As a young man working in the Texas oil patch in the spring of 1980, I watched prices for the US benchmark crude rise as high as $45 a
barrel
– $138 in today’s dollars.
By 1988, oil was selling for less than $9 a barrel, having lost half its value in 1986 alone.
The conflict has led to atrocities on all sides, including mass executions, kidnapping, torture, the use of chemical weapons, and the deployment of
barrel
bombs.
The CBR’s warning of twin fiscal and current-account deficits assumed that oil prices would remain steady, at $104 per
barrel
in 2015.
When the oil price halved last year, from $110 to $55 a barrel, the cause was obvious: Saudi Arabia’s decision to increase its share of the global oil market by expanding production.
In this newly competitive environment, oil will trade like any normal commodity, with the Saudi monopoly broken and North American production costs setting a long-term price ceiling of around $50 a barrel, for reasons I set out in January.
Understood in this light, the real threat is not Iran’s pursuit of a nuclear weapon, but Israel’s attempts to halt it, which would surely incur Iranian retaliation through blockade of the Strait of Hormuz – sending oil prices soaring to more than $200 a
barrel
and driving the world's major economies into sustained free-fall.
If you play Russian roulette with one or two bullets in the barrel, you are more likely to survive than not, but the stakes would need to be astonishingly high – or the value you place on your life inordinately low – for this to seem a wise gamble.
The global economy – and the US economy, in particular – is growing faster than expected, and world oil prices are above $100 per
barrel.
In 2010, Tsyvinski and I predicted a “70-80 scenario” in Russia in the coming years: As oil prices, which had plummeted to $40 per barrel, recovered and surpassed $70-80/barrel, Russia would return to the stagnation of the 1970’s and 1980’s.
The Saudi oil minister, Ali al-Naimi, has said that he will not cut production even if prices hit $20 a
barrel.
The marginal cost of shale-oil production (the expense of continuing to pump an existing well) varies from $55 to $70 per
barrel.
Add a $5 profit margin, and the oil-supply curve now has a long, near-horizontal segment in the range of about $60-75 per
barrel.
Just over three years ago, oil (WTI) was trading above $100 per
barrel.
But, by early 2016, prices had plummeted to around $30 per barrel, owing to a combination of sluggish demand, alternative supply (particularly shale oil and gas from the United States), and a new OPEC production paradigm under which the cartel, led by Saudi Arabia, withdrew from acting as a “swing producer.”
With the pickup in global growth and the emergence of geopolitical uncertainties (which could constrain output in some oil-producing countries), oil prices have rebounded to above $60 per
barrel.
The Coming Ice Age in Energy SecurityWorldwide dependence on fossil fuels costs far more than the price of a
barrel
of crude oil.
The war in Iraq contributed in part to the increase in oil prices from $35 per
barrel
in 2003 to $140 in 2007.
The Revolution RebornMEXICO CITY – In El Salvador, for the first time ever in Latin America, a former political-military organization that tried to gain power through the
barrel
of a gun has achieved its aims through the ballot box.
They will read Funes’ victory as one more notch on the
barrel
of “the people’s” rifle and one more hair plucked from Uncle Sam’s beard.
Despite the collapse in prices, from over $115 per
barrel
in June 2014 to $45 at the end of November 2015, most macroeconomic models suggest that the impact on global growth has been less than expected – perhaps 0.5% of global GDP.
Eventually, this will feed back into prices, but only slowly and gradually: Futures markets have oil prices rising to $60 per
barrel
only by 2020.
Indeed, our experience ingetting the most out of every
barrel
is what has kept us in business for morethan a century.
Moreover, Russia’s budget will be balanced as long as oil prices remain above $110 per
barrel.
Indeed, we used to live in an economy in which the canonical source of value was an ingot of iron, a
barrel
of oil, or a bushel of wheat.
MENA countries had benefited, directly or indirectly, from years of favorable international oil prices – especially from 2002 to 2008, when prices reached a historic peak of about $147 per
barrel
– and benefited from a recent upswing in the business cycle.
Mao Zedong famously asserted that, “political power grows out of the
barrel
of a gun.”
Arm some of these manufactured minority structures so that they can demand autonomy at the
barrel
of a gun, and you get the kind of chaos the Kremlin can use to reassert its control.
Indeed, the dramatic plunge in the price of a
barrel
of crude – from nearly $150 in June 2008 to around $30 today – is likely to fuel continued upheaval far beyond the world’s energy and commodity markets, with particularly worrying implications for the European Union.
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