Reserves
in sentence
1741 examples of Reserves in a sentence
At the Shwe gas fields along the Burmese cost, estimated to be among the largest
reserves
in the world, two pipelines are to be constructed: one to China from the nearby port of Kyauk Phru, and the other to India from the port of Sittwe.
Some governments began to store oil in strategic petroleum
reserves
that could be used to for short periods in a crisis.
Rich countries also helped to create the Paris-based International Energy Agency, which coordinates policies (including strategic reserves) among consumer countries.
The world is not running out of oil, but two-thirds of oil
reserves
are located in the politically unstable Persian Gulf region.
Another new dimension of the energy security problem is the manner in which high prices and increased
reserves
have transferred power to energy producing countries.
State-owned companies now control far more oil and gas
reserves
than do the traditional private energy companies once known as the seven sisters.
In February 2015, the country was on the brink of a financial meltdown because its international currency
reserves
had slumped to a mere $5 billion, and its plummeting exchange rate was sending buyers into a panic.
The International Monetary Fund rescued the economy with a $5 billion disbursement, and Ukraine’s international
reserves
have now increased to $14 billion.
Gas extracted from hydrate
reserves
is exactly the same as the natural gas in use currently.
Only 6% of conventional
reserves
are in North America-roughly a ten-year supply for that continent.
There is a well-established method for estimating
reserves
yet to be found, and whether one examines currently proven
reserves
or future projections, one fact stands out: conventional gas supplies are distributed unevenly around the world-and in places far from most consumers.
Russia accounts for one-third of total reserves; the Persian Gulf states control a similar amount.
Blake Ridge alone contains six times more natural gas than all American conventional
reserves
combined.
But not all gas hydrate
reserves
are alike.
A reliable assessment of global hydrate
reserves
and extraction costs would be a very wise investment.
Such a step would trigger immense volatility throughout the international monetary system, throwing many economies – such as those that link their currencies to the US dollar or hold a large volume of dollar
reserves
– into crisis.
Similarly, Russia’s international currency
reserves
declined from $510 billion at the end of 2013 to a low of $356 billion in March 2015.
During the last few months Russia’s international
reserves
have grown sharply, as one would expect of a country with a staggering trade surplus of $33 billion this year and which is likely to surge to over $40 billion this year.
In the case of Mexico, for example, opening up the electricity industry, which Mexico's constitution
reserves
to the government, has become the structural reform of the day demanded by the West.
This time, the trigger was a confluence of several events: a currency crisis in Argentina, where the authorities stopped intervening in the forex markets to prevent the loss of foreign reserves; weaker economic data from China; and persistent political uncertainty and unrest in Turkey, Ukraine, and Thailand.
All have flexible exchange rates, a large war chest of
reserves
to shield against a run on their currencies and banks, and fewer currency mismatches (for example, heavy foreign-currency borrowing to finance investment in local-currency assets).
Many remain convinced that China’s government – which wields with the world’s largest foreign-exchange
reserves
and virtually unchecked authority – would be able to prevent a major financial crisis.
A current indicator is that the world’s central banks are holding an increasing share of their foreign-exchange
reserves
in euros rather than US dollars.
Even if a “global need” were recognized, SDR’s, as a component of countries’ official foreign-exchange reserves, should not be available for budgetary spending.
However, these
reserves
represent an important “hidden” asset that lends strength to the Fund’s balance sheet.
Finally, it is no longer appropriate to judge whether a country’s foreign-currency
reserves
are adequate based on how many months of imports they can cover.
Instead, the question to ask is whether the
reserves
can comfortably service the public and private sectors’ debt denominated in foreign currencies.
With China running a seemingly perpetual external surplus, foreign-currency
reserves
have continued to mount even during the global economic crisis, with net growth reaching $140 billion in the third quarter of this year.
The most basic reason for the rise in natural resource prices is strong growth, especially in China and India, which is hitting against the physical limits of land, timber, oil and gas reserves, and water supplies.
Then, crisis erupted in May, when the country ran low on foreign-currency
reserves
and traders could not purchase the dollars they needed.
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