Second, higher oil prices lead to a shift in the terms of trade that transfers income from oil consumers to oil producers.
But will high oil prices lead to the goal of greater efficiency and a cleaner environment?
Norway's oil exports also lead to a currency strength, which is no help to the rest of the economy.
Newell worries that high oil prices will lead to the use of fuel sources that produce even greater amounts of pollution.
This would lessen the need to burn coal and oil, and lead to reduced emissions of carbon dioxide and nitrous oxide.
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What of the notion that oil scarcity will lead to economic disaster?
That gap cannot be closed quickly, since the oil-production business has long lead times and any new oil will take a couple of years at least to come on stream.
Later, it will determine how much oil actually leaked, which will lead to the calculation of how much the oil companies owe in civil fines.
Politicos fan fears that offshore drilling will lead to oil spills, desecrating America's shorelines.
Higher oil prices seem to lead only to expectations of more public spending.
Persistently high oil prices would clearly lead to substitution (electric cars, natural-gas-powered trucks) but the transition costs could be significant.
For another, dumping 30m barrels of crude oil on to the market will not necessarily lead to a greater availability of heating oil.
"The threat of that oil being sold at any moment can lead to more risk for companies that might put more oil in storage, " says Tom A. Kloza, publisher at Opis Energy Group, which tracks the heating oil market.
It could indeed lead to steep oil price hikes, reminiscent of the experience of the 1970s and early 1980s.
Mr Brown is convinced that convergence in the energy industry may lead to some oil firms buying power firms outright.
In the Sector Focus section, I will take a look at technology, transports, and oil drillers, which typically lead in Stage III.
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The unremitting decline of commodity prices -- zinc, lead, iron, oil -- reminds him of the 1930s.
It is true that high futures prices could lead someone to hoard oil today in the hope of a higher price tomorrow.
Long lead times persist for oil drilling rigs, mining equipment and some other specialized machinery, but generally companies face no supply limitations when considering expansion.
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Members of the Congress Party will head the ministries of defence, foreign affairs and oil, while opposition politicians will lead the ministries of interior, finance and information, AP reports.
Net oil exporters, like Iran, will meanwhile have much bigger populations consuming energy resources, which could lead to an energy famine for net oil importers like the U.K. "There just aren't enough big projects in the pipeline to keep up with demand, " said John Miles, chairman of Arup, who coordinated research into oil-extraction projects currently under way.
Crude oil prices are trading lower early Monday, on some market reports Saudi Arabia may lead an effort for OPEC to pump more crude oil amid falling world demand due to higher prices.
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For those he used lead white, a traditional oil pigment he reckoned would show up in an x-ray due to the heavy metal content.
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But anybody who says that they can wave a wand or plant the magic beans to lead to a reduction in oil prices is just not telling the truth.
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Washington (CNN) -- Oil giant BP and contractor Halliburton knew of potential flaws in the cement slurry used to reinforce the oil well below the Deepwater Horizon rig before it exploded in April, according to a letter Thursday from the lead investigator for a federal probe of the Gulf oil disaster.
As the dollar sheds value it will naturally lead to high dollar-denominated oil prices.
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Putting Putin in a position of even greater resource power can only lead one place: to high oil prices and an amazing bull market in energy.
He said the big issue the country now faces is the lack of growth in domestic production that will lead to an increasing dependence on oil from overseas for years to come.
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