Navigation Links
Is oil pricing itself out of the market?
Date:8/19/2011

prices might mean less market interest in developing and investing in new energy alternatives. However, he says that if other factors, such as increased production costs or carbon taxes, come in to play, oil prices would rise. And if there is an alternative resource that becomes more economically attractive, oil producers may have to adjust to make sure they don't hasten their own obsolescence. Leach says that, like Alwaleed, oil companies should be looking at these types of possible scenarios as they value reserves and make strategic decisions.

"From an oil company's perspective or an oil state's perspective, they're not going to sit back and price themselves out of the market. A lot of models that look at alternative energy deployment are quite dependent on this continued increase in oil price," said Leach. "If you just put that in your model, you're ignoring the story that says that, if oil is irrelevant in 30 years, then there's going to be a lot of incentive to get it out of the ground today."

No requiem for the electric car, please

Leach suppressed the notion of a worldwide conspiracy that states that oil companies are attempting to keep alternative technologies at bay. The conspiracy would have to be well-planned, he says, if it worked when an alternative technology was less than half the cost of a barrel of oil. He says even now, consumers have the ability to affect market decisions even when prices rise. Boycotting gas stations on Monday only to fill up on Tuesday carries no real message to producers and retailers, he says. However, changing long-term behaviours towards alternatives in the face of a gas hike would be a significant moveand one that would force producers and retailers to adjust behaviours and reduce profit margins.

"Right now they don't have to eat any oil-price increase because they know that whatever price gets posted on the sign, people grumble and complain and pay," says Leach. "If, in Edmonton,
'/>"/>

Contact: Jamie Hanlon
jamie.hanlon@ualberta.ca
780-492-9214
University of Alberta
Source:Eurekalert

Page: 1 2 3

Related biology news :

1. SLAS Offers Discounted Group Pricing for Conference Registration
2. Agilent Technologies Expands Agreement to Offer AMDeC Members Preferential Pricing on Products Through AMDeC F.I.R.S.T.™ Vendor Partnership Program
3. Gold Standard/Elsevier offers timely, reliable drug pricing data, including average wholesale price
4. Southwest Bancorp, Inc. Announces Pricing of $50 Million Underwritten Public Offering of Common Shares
5. The PMI Group, Inc. Announces Pricing of Common Stock and Convertible Senior Notes Offerings
6. Equity concerns raised by congestion pricing can be addressed to make approach viable
7. FCSO Selects Burgess as Exclusive Pricing Solution for New Medicare Contract
8. Scientists discover cause of rare skin cancer that heals itself
9. Neisseria meningitidis disseminates itself by sending out scouts
10. Africa can feed itself in a generation: Study
11. Wildflower armors itself against disease
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2015)... SAN FRANCISCO , January 28, 2015 ... Camera Market Analysis, Size And Segment Forecasts To 2020 ... The global IR camera market is expected to reach ... study by Grand View Research, Inc. IR cameras help ... injuries, and are expected to witness surging demand in ...
(Date:2/5/2015)... Calif. , Jan. 30, 2015  It is ... great power and potential for genomic science as a ... in disease prevention and treatment.  I was honored to ... new, government-funded precision medicine program. Since ... the science of genomics—from the first sequenced genome of ...
(Date:1/22/2015)... Valid S.A. ("Company") (BM&FBOVESPA: VLID3 ON), is pleased to ... State of Washington,s Department of Licensing, in ... central issuance system for driver,s licenses and identification cards to ... and development will start in January 2015, with enrollment and ...
Breaking Biology News(10 mins):IR Camera Market Worth $5.10 Billion By 2020: Grand View Research, Inc. 2IR Camera Market Worth $5.10 Billion By 2020: Grand View Research, Inc. 3J. Craig Venter, Ph.D., Co-Founder and CEO, Human Longevity, Inc. (HLI) Participates in White House Precision Medicine Event 2Valid USA Signs Contract For Washington Driver's License Issuance 2
... Seidman Cancer Center at University Hospitals (UH) Case Medical Center ... research findings in 25 presentations this weekend at the 53rd ... the San Diego Convention Center. "The ... ASH is truly outstanding," says Stan Gerson, MD, Director of ...
... The Los Angeles World Airports (LAWA), which oversees airport ... contract modification to Unisys (NYSE: UIS ) to ... identify the 45,000 airport employees, contractors, police and others who ... is an early step in LAWA,s plan to move to ...
... 21, 2011 Already partnering with 43 of the ... 100 Innovators, NineSigma today announced a record year of ... critical to their long-term growth. "The organizations ... hesitate in their quest to innovate," said Andy Zynga, ...
Cached Biology News:UH Seidman Cancer Center researchers present at American Society of Hematology Annual Meeting 2UH Seidman Cancer Center researchers present at American Society of Hematology Annual Meeting 3Los Angeles World Airports Selects Unisys to Upgrade ID Card Reader System and Network 2Los Angeles World Airports Selects Unisys to Upgrade ID Card Reader System and Network 3Surging Demand for Innovation Services Leads to Record Expansion for NineSigma 2Surging Demand for Innovation Services Leads to Record Expansion for NineSigma 3
(Date:2/27/2015)... FamilyFarms Group is pleased to announce ... Line Farms, received the 2015 Tomorrow’s Top Producer Horizon ... age of 35, who has demonstrated excellence in the ... win the Tomorrow's Top Producer Horizon Award. Every year ... Producer Award and learning from their experiences. It is ...
(Date:2/26/2015)... -- S&P Capital IQ (MHFI) announced today that it ... Therapeutics Holdings Inc . MabVax Therapeutics ... focused on the development of vaccine and antibody-based therapies ... cancer. MabVax has discovered a pipeline of human monoclonal ... by patients who have been immunized against targeted cancers. ...
(Date:2/26/2015)... Mass., Feb. 26, 2015   Synageva BioPharma ... biopharmaceutical company developing therapeutic products for rare disorders, ... provided 2015 goals, other key objectives, and financial ... call today at 4:30 p.m. EST to review ... update.  To participate in today,s call by telephone, ...
(Date:2/26/2015)... February 26, 2015 The Movement for ... to support life extension technologies and awareness. The event ... Coordinated Time, on March 21st 2015, in a live ... , Eric Schulke, Founder of MILE, says, “Our lives ... urgency. The Movement for Indefinite Life Extension is raising ...
Breaking Biology Technology:Matt Sims Receives the 2015 Tomorrow’s Top Producer Horizon Award 2S&P Capital IQ Initiates Coverage on MabVax Therapeutics Holdings Inc. in S&P Capital IQ Factual Stock Reports 2S&P Capital IQ Initiates Coverage on MabVax Therapeutics Holdings Inc. in S&P Capital IQ Factual Stock Reports 3S&P Capital IQ Initiates Coverage on MabVax Therapeutics Holdings Inc. in S&P Capital IQ Factual Stock Reports 4S&P Capital IQ Initiates Coverage on MabVax Therapeutics Holdings Inc. in S&P Capital IQ Factual Stock Reports 5Synageva BioPharma Reports 2014 Full Year Financial Results 2Synageva BioPharma Reports 2014 Full Year Financial Results 3Synageva BioPharma Reports 2014 Full Year Financial Results 4Synageva BioPharma Reports 2014 Full Year Financial Results 5Synageva BioPharma Reports 2014 Full Year Financial Results 6Synageva BioPharma Reports 2014 Full Year Financial Results 7Synageva BioPharma Reports 2014 Full Year Financial Results 8Synageva BioPharma Reports 2014 Full Year Financial Results 9Indefinite Life Extension Activists Organize Online Demonstration 2Indefinite Life Extension Activists Organize Online Demonstration 3
... Board: KDUS) announced today financial results for the first,quarter ended ... 2008 were $100,000, compared to,$100,000 for the same period in ... compared to net loss of $558,469 for the same period ... a decrease in general,and administrative expenses of $47,207 and the ...
... Pharmaceutical Services, Inc.,(JOM), a service coordinator that provides ... Ortho Biotech, L.P., was notified May 6,2008, that ... PROCRIT(R) (epoetin alfa) and REMICADE(R) (infliximab) was,stolen while ... in,Kentucky to a specialty distributor. This incident has ...
... MedImmune today announced,that researchers will present eight ... Annual Meeting of the American Thoracic Society, ... Canada. Presentations are designed to showcase,MedImmune,s biologics ... innovative solutions that may one,day help patients ...
Cached Biology Technology:Cadus Reports First Quarter 2008 Results 2Cadus Reports First Quarter 2008 Results 3Ortho Biotech, L.P. and Centocor, Inc. Alert Authorized Distributors and Prescribing Physicians About Stolen Product 2Ortho Biotech, L.P. and Centocor, Inc. Alert Authorized Distributors and Prescribing Physicians About Stolen Product 3Ortho Biotech, L.P. and Centocor, Inc. Alert Authorized Distributors and Prescribing Physicians About Stolen Product 4Depth of MedImmune's Respiratory Disease Research Program Highlighted at Annual Meeting of the American Thoracic Society 2
... MasterAmp™ PCR Optimization Kits without ammonium sulfate ... in PCR, such as Taq and AmpliThem™™ ... performance of PCR systems in one experiment ... PCR primers into the PreMixes supplied with ...
... with ammonium sulfate are compatible with thermostable ... Tfl, Tth, and Pfu DNA polymerases. You ... systems in one experiment by adding your ... the PreMixes supplied with the kit. This ...
Special grade: for molecular biology Density: 1.000 g/mL (20 C)...
... Application: A cleaning agent ... plastic surfaces, countertops, and pipettors. ... at eliminating RNase contamination from ... enzymatic reactions. ,RNase Zap ...
Biology Products: