The Line 9 hearing comes as two other potential routes for tar-sands oil face problems.
Though this does not affect current production, it has highlighted a problem that all the big oil companies face: working out how they are going to replace the oil that they lift every year.
While worries in the Middle East have caused a spike, oil prices face longer-term pressure due to increased demand from China and other emerging economies.
The oil producer could face compensation claims for as much as three times the immediate economic loss.
To address the issue, Dr. Colbert developed Illumino, an easily absorbed face oil with a blend of nutrient-rich ingredients like argan oil and borage seed oil.
This surge had enraged consumers, who face oil-induced inflation.
It was the end of the era of trying to maintain a high oil price in the face of falling world demand, brought on by the high oil price.
Worries about future liabilities that firms may face for oil spills are also weighing on companies.
The oil companies, ConocoPhillips ( COP) and Chevron ( CVX), face increasing costs to extract oil and gas around the world, but abundant supplies, for now, that are likely to dampen prices and thus profits.
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New Orleans (CNN) -- A titanic courtroom showdown with billions of dollars in the balance opened in New Orleans on Monday, with oil giant BP arguing it shouldn't face the government's steepest penalties for the 2010 Gulf oil spill.
Now, in the face of high oil prices and a softening car market, Goodyear is setting sales records.
Of all the problems to face in the oil and gas business, this is the one you want.
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Australia's Qantas Airways said Thursday it would discontinue or reduce a number of international services, mainly to Japan and Southeast Asian destinations, to cut costs in the face of high oil prices.
So we face two options: oil prices come down sharply, or we enter a recession, which will drag oil prices down.
During 13 years as the most scheming oil tycoon in Dallas, his face was one of the most easily recognised on television.
According to a report released by the Wood Mackenzie firm in early January, Eagle Ford is now the largest oil and gas development on the face of the earth based on total capital expenditures.
The U.S. has pressured countries that buy oil from Iran to reduce purchases or face sanctions.
So as well as fiscal deficits, Russia could face current account deficits unless oil keeps climbing.
Gabon continues to face fluctuating prices for its oil, timber, and manganese exports.
Clean energy start-ups face enormous competitive challenges from Big Oil companies and other establishment firms.
Winning concessions from China's politically powerful oil refiners are among the challenges environmental regulators face.
America, however, could go ahead and sell the oil anyway, underwriting the risks firms may face in legal challenges.
The government could seek deals with state oil companies in Venezuela and elsewhere but would face lawsuits in international courts.
Yet unless oil prices rise again, Kremlin leaders may face the same choice as their Soviet predecessors did: to preserve themselves (and their country) by more repression or more liberalisation.
He recommends going long crude oil as well, which, on the face of it, should benefit from a short-term solution in Europe, and has the added bonus of unrest between Iran and Israel.
Crude oil is back on the rise in the face of slowing demand, a possible breakup of the European Union, and the threat of the fiscal cliff sending the U.S. back into recession.
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Traditional geopolitical relationships would be turned upside down, with such resource-poor and technology-rich countries as Israel and Japan suddenly able to achieve energy self-sufficiency, while the oil-producing dictatorships would finally have to face the consequences of decades of squandered wealth.
With two-thirds of the Gulf's oil exports already flowing to Asia, America will face more such challenges.
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