If we have less cheap oil and fuel to burn, our carbon emissions will necessarily fall.
In the past they have spurred exploration and the discovery of new cheap oil sources.
As Sept. 11 showed, the security of the U.S. depends on more than cheap oil.
At least, cheap oil in the sort of volume that we are used to using.
But just as the industrial revolution was built on coal, the post-second-world-war economy was built on cheap oil.
He is dependent on Iraq for cheap oil, and is conscious of widespread support for the Iraqi people.
While cheap oil sounds great for Western consumers, its effect on the Saudi government would likely be less than salutary.
Meanwhile, the International Energy Agency is warning oil markets to ready themselves for a "flood" of cheap oil from Iraq.
Already the venture capital community is abuzz with activity, enjoying the chance, finally, to dance on the grave of cheap oil.
Longer term, Lynch says, there are even better prospects for cheap oil.
So, again assuming that this analysis is correct, we seem to have come to the end of the age of cheap oil.
With the exception of a brief interlude following Iraq's invasion of Kuwait in 1990, the world grew used to the joys of cheap oil.
ECONOMIST: Uncertainty looks a bigger problem than high prices
Whether or not that is true, the powers-that-be are undoubtedly happier for Russian firms, rather than foreign ones, to control the nation's cheap oil.
As the conventional and cheap oil and gas start to dry up in the Middle East, a bigger, even better opportunity seeks to replace it.
The persuasion includes the promise of generous compensation for countries that Iraq has been assiduously wooing with gifts of cheap oil and thoughts of future, lucrative contracts.
In fact they tend to hit regions that lie within such areas (as when cheap oil hurts Texas and helps Massachusetts) or else straddle the borders between currency areas.
The first step towards the Bolivarian dream had been Petrocaribe - a scheme to provide cheap oil to the countries of Central America and the Caribbean that depend on imports.
For 3, once nylon had been discovered and proven useful, the race was on, given the supply of cheap oil (the main raw material) post WWII, from the Arabian Gulf.
The goal is not to flood the market with cheap oil as this would destabilise the world economy, but to remove Saudi Arabia as the controller of the world's oil supply.
There is still no means to maintaining global transportation and globalisation in the absence of cheap oil, and the time limit for this gargantuan and conceptual change is perhaps a decade.
The fact that so much food was brought into this rural, agricultural region from many hundreds of miles away seemed one of the crazier excesses of the cheap oil era Hopkins believes is already over.
It is ridiculous to compromise indigenous food-production in any nation, since all nations will find it increasingly untenable to import food on the vast scale most currently do, in the absence of cheap oil or gas.
FORBES: U.K. Joins Europe On Biogas 'Waste Into Energy' Strategy
The most common belief among the people and the media for the relationship is pragmatic to receive cheap oil and to secure an additional source of foreign aid to counterbalance the weight of the International Monetary Fund.
CENTERFORSECURITYPOLICY: The meaning of Kirchner��s recent defeat
" He answers, perhaps too harshly: "The conflict had been waged on behalf of cheap oil, friendly monarchies and Washington's strategic goal of preventing the emergence of a hegemonic power inimical to America's interests in the Middle East.
Today Prime Minister Abe departs on a week long trip to Russia and the Middle East the main purpose and expected result of which is to help secure for Japanese interests ample future supplies of relatively cheap oil and gas.
And despite what sound like large investments in new oil fields in Russia and elsewhere, Saudi Arabia's share of the world oil market will actually grow over the next two decades simply because it has such huge reserves of cheap oil.
It shows the joint and several influence on prices (measured as percentage points of extra inflation) from unemployment, import prices, cheap oil and the cost of employer-provided fringe benefits (including pensions and health insurance), from 1994 until the first quarter of 1998.
As we stated in the America's Report a number of times, Kirchner was an ally of Chavez not only because Chavez provided cheap oil to Argentina and bought part of its debt but also because Kirchner's Peronist party's historical populism finds affinity with Chavez and his style.
CENTERFORSECURITYPOLICY: Argentina's Kirchner, ally of Chavez
The petrol-hogging motors that America embraced in the cheap-oil 1990s are a liability now.
应用推荐