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Tag: oil price
Will the falling oil price undermine green energy?
2015-01-30 13:26:00| Climate Ark Climate Change & Global Warming Newsfeed
BBC: Common sense would surely tell you that if you slash the cost of one source of energy, then alternatives look less appealing. You might think, therefore, that the crash in the price of oil must be dealing a potentially fatal blow to renewable power. An illustration from recent history seems to back that up. When the oil price spiked in the 1970s, the then US president Jimmy Carter had solar panels fixed to the White House roof, only to see his successor Ronald Reagan rip them off when the...
Oil price drop pauses Sasol plan
2015-01-28 15:25:58| Chemicals - Topix.net
Sasol says it will delay its decision on whether to build what would be the first gas-to-liquids plant in the U.S. as part of plans to mitigate against the drop in oil prices. The facility, to be located alongside an ethane cracker in Lake Charles, Louisiana, was estimated to cost $14 billion, the Johannesburg-based company said in 2013.
UPDATE 2-Japan's Marubeni halves profit outlook on oil price slide, Gavilon
2015-01-26 16:31:03| Chemicals - Topix.net
Japanese trading house Marubeni Corp halved its annual profit forecast on Monday after plunging oil, copper and coal prices weighed on its resource assets and it booked an impairment charge for its grains unit Gavilon. Like international oil majors and mining companies, Japan's trading companies have been caught flat-footed by the rout in commodities, with oil down as much as 60 percent and copper falling about 25 percent since the middle of last year.
Japan's Marubeni halves profit outlook on oil price slide, Gavilon
2015-01-26 14:06:15| Grocery - Topix.net
Japanese trading house Marubeni Corp on Monday halved its net profit projection for this business year, booking losses on resource assets due to falls in oil, copper and coal prices. It is now forecasting a net profit of 110 billion yen for the year ending in March, compared with its earlier forecast of 220 billion yen.
Price Edwards reports that oil price slide unnerves some in Oklahoma City retail
2015-01-25 10:37:19| Apparel - Topix.net
"Make no mistake: It will have an effect," retail specialist Jim Parrack said of the collapse in oil prices to less than half the summertime peak of nearly $108 per barrel for West Texas Intermediate crude. Jim Parrack, senior vice president, Price Edwards & Co., is shown at Von Maur at Quail Springs Mall, a 2014 retail newcomer to Oklahoma City.
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