Exact(6)
This is mainly because the bubble of excitement around low-cost American gas has been popped by the collapse of hydrocarbon prices worldwide.
The group announced a $7.9bn loss for the fourth quarter as falling hydrocarbon prices forced it to take an $8.9bn writedown.
But, he adds, "it will be harder and harder to push for renewable energy programs as hydrocarbon prices fall," and "the new technologies that allow us to tap shale oil and shale gas could release vast quantities of methane" if not done properly.
S&P Equity Research noted Devon's comments in filings about the impact that its recent divestitures would have on 2005 production, realized hydrocarbon prices, and operating expenses.
However, due to a past history of low hydrocarbon prices, such plants have not fully exploited their waste heat recovery potential to date.
Projects to develop renewable fuels and improve the efficiency of the power grid received funding in the stimulus bill, in part to offset the impact of the triple shock of lower energy demand, lower credit and lower hydrocarbon prices on renewable producers.
Similar(54)
The prospective scarcity of oil, the argument goes, combined with the instability of undemocratic Arab regimes, will cause a steep rise in hydrocarbons prices over the next two decades.
In the long run, the citizens' income could potentially be financed entirely out of returns on the sovereign wealth of at least the richer HRCs, and thereby be turned into a permanent revenue stream independent of short-term hydrocarbons price fluctuations.
Besides, relying on lng guarantees two things, neither good: more dependence on imported hydrocarbons and higher prices as the U.S. natural gas market gets tied to world prices.
Nigeria can expect to sell not only its vast hydrocarbon deposits at good prices, but also a wide range of agricultural products and manufactured goods.
The industrial development commenced in the late 1980s, slowed down after the disintegration of the USSR and subsequent financial crisis during the mid-1990s in Russia and then increased substantially again in 2004 when the world prices for hydrocarbon rose (Forbes et al. 2009; Kumpula et al. 2011).
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