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Saudi officials have been signalling that they are prepared to see prices sink to as low as $80 per barrel at least for a year or two – well below the IMF estimate of the country needing a price of $91 to balance its budget.
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We need a price on carbon.
In 2013 it needed a price of $103 to balance it.
"Finally," said Harvey, "we need a price on carbon".
Shops defending their dollar income need a price rise of 50% to offset this.
Analysts suggest that for BHP to break even they need a price of US$51 a tonne.
According to the International Monetary Fund, the United Arab Emirates needs a price of more than $80 to meet its budgetary obligations.
"We needed a price point our parents can afford, and Choicelunch does a good job of balancing healthy food with a good price.
Some suppliers told auto clients that they needed a price increase to compensate and were told to go home and have a long think about it.
"We need a price close to the same number for different reasons," said Gigi Lazenby, chief executive of the Bretagne General Partnership, an independent oil company in Beattyville, Ky.
On the demand side, we need a price on carbon that encourages companies to stop production of the most environmentally damaging fuels.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com