Not only are the wells uneconomic, the gathering of the gas is uneconomic.
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IT WAS UNECONOMIC AT $22018 OIL AND $2409 GAS, IT WAS UNECONOMIC AT $291 OIL AND $2400 GAS.
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" He described SolarCity's business model as "just plain uneconomic.
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It's no big revelation that new coal plants are uneconomic.
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Projects might become uneconomic sooner than expected, stranding the company's assets.
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By 703, it will be uneconomic to run existing coal plants.
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Most of the mines being closed are small and relatively uneconomic.
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Those flights were abandoned in 2013 when high fuel prices made them uneconomic.
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Sure, Trump will sneer that "green" is girlyman, uneconomic, unpatriotic and vaguely French.
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Currently banks effectively subsidize uneconomic cash machines through the "interchange" fee set by Link.
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Another $10 a barrel in domestic drillers' costs could render thousands of wells uneconomic.
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Deutsche Bank may be entangled in uneconomic trades that would cost large sums to exit.
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This often means additional subsidies, known as capacity payments, for plants that would otherwise be uneconomic.
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But the officials said it would be uneconomic to produce the VLSFO without the tax changes.
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Bailing out uneconomic power plants would do nothing to improve cyber security for the energy sector.
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In Europe, farmers are supported by subsidies, without which much livestock production would already be uneconomic.
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But the volume taken up by uncompressed bottles makes them uneconomic to transport, particularly over large distances.
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It may replace uneconomic barrels with cheaper ones, but will also draw 15bn of them by 2030.
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They are not going to be retrained and relocated ... they became uneconomic in the world of economy.
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The central bank wants to remain relevant as retailers say that accepting cash will become uneconomic for them.
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This will make it even more uneconomic for Chinese buyers to purchase LNG cargoes from the United States.
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"The U.S. industry is effectively uneconomic at sub-$60 [per barrel] and we're sitting at $30," he said.
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Shell said the conditions of the global crude market and a tight capital environment made its project uneconomic.
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The first is that some gas plants, like coal ones before them, become uneconomic as renewables keep getting cheaper.
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"We're reaching levels where it's uneconomic to run coal plants and that should pick up gas demand," said McGillian.
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The idea of keeping uneconomic coal mines open, just in case, is unlikely to appeal to modern military strategists.
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IT'S VERY INTERESTING THAT PEOPLE TALK ABOUT RETURNING MONEY TO SHAREHOLDERS AS IT IS IF IT'S UNPATRIOTIC OR UNECONOMIC.
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First, the assets financed by the debt build-up would need to fall sharply in price or prove uneconomic.
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The facts simply do not support the conclusion that retirement of uneconomic power plants is a threat to reliability.
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Banks had warned that overly burdensome demands would make trading uneconomic, crimp lending and thin already stressed liquidity in markets.
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"We will continue our aggressive pursuit of strategic opportunities, judiciously and without engaging in auctions at uneconomic levels," CACI said.
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Storing of oil products is uneconomic in a backwardated market because it is difficult for traders to recover storage costs.
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If Carbon Tracker's analysis is correct, all of those plants will be uneconomic either upon being built or shortly thereafter.
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Leaving uneconomic plants on the market suppresses power prices and investment in new renewable capacity, slowing the clean-energy transition.
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They understand that a guaranteed profit for uneconomic coal and nuclear plants means higher costs for them and everyone else.
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Supply, however, will inevitably decline given that – with the exception of some Middle East producers – production is uneconomic at current prices.
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Critics also blasted the government for making crude by rail shipments uneconomic and adding to volatility in the Canadian crude market.
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It is expected to scale back capital charges from what was originally proposed after banks said they would make trading uneconomic.
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Shutting down uneconomic coal plants removes slack from the system and makes markets more competitive, driving more innovation and (clean) investment.
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A significantly narrower discount on Canadian crude compared with U.S. barrels as a result of the curtailments has made rail shipments uneconomic.
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According to animal-welfare campaigners, large numbers of healthy greyhounds are killed each year because they have become uneconomic for their owners.
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Perry wrote the plan in order to save uneconomic coal and nuclear plants from closing, which he said threatens electric grid resilience.
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But the agency did agree that the rule would impose some costs, and it'd likely make certain mining plans uneconomic at the margins.
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Canadian producer Imperial Oil blasted the government for making rail uneconomic and cut shipments from nearly 170,000 bpd to near zero in February.
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No one has any real plans to build new coal electricity generation in the U.S. and old, uneconomic plants will continue to retire.
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They argue that big variations in mobile prices across the bloc make it uneconomic for them to offer totally free roaming to all.
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The proposed rule would "prop up uneconomic generation that is unable to compete … and that is not otherwise needed for reliability," the groups said.
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"Three major competitors is already uneconomic — we're going to see it come down to two," added Roger Colman, media analyst at CCZ Statton Equities.
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The creation of a new class of consumers should encourage the building of hospitals where they were previously uneconomic, especially in remote rural areas.
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That leaves just 15 percent of onshore land that is either subject to executive branch prohibitions or onerous stipulations that make drilling there uneconomic.
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"We have not drilled any new wells, but old wells that were uneconomic are coming back on now prices are back up," he said.
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At today's prices, many of the U.S. shale-producing regions, such as the Eagle Ford, Bakken, Niobrara and parts of the Permian look uneconomic.
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That may reduce the financial pain that will come from longer-term projects becoming uneconomic – or stranded, in finance-speak - as global warming hits.
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Even margins for complex refineries have turned negative in recent days, traders said, with crude grades such as Russia's Urals becoming uneconomic to process.
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The state airline is the middle of a restructuring that has seen it stop flights on uneconomic routes, cut expenses and phase out ageing planes.
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Banks have argued they make it uneconomic to hold the inventories of bonds needed to buy or sell at all times to keep markets "liquid".
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An outspoken critic of China, Lighthizer said Beijing's industrial policies have supported vast amounts of "uneconomic" production capacity that would not survive without state support.
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It's also possible that CCS remains flatly uneconomic, Trump cripples federal research for new technology — and carbon capture turns out to be a dead end.
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The rapid price rise has prompted a slew of junior Australian mining companies like Ardea Resources to express an interest in previously uneconomic cobalt deposits.
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Othman al-Khowaiter, a former Aramco vice-president, told Reuters a sale could prove uneconomic as oil prices looked set to rise in coming years.
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Of the planned lay-offs, 183 jobs relate to the closure of small facilities and clinics, including one in Oman which was uneconomic, he said.
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Lower prices are good for consumers but bad for owners of big, uneconomic coal and nuclear plants, who rely on high prices to keep running.
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"Making light cycle oil use uneconomic could result in an (unaccounted) diesel supply fall of at least 80,000 barrels per day," said analysts from JBC Energy.
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Lesar said on a post-earnings call that while some efficiency gains were sustainable and would continue, "deep, uneconomic pricing cuts" would have to be reversed.
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Chanos said it would be the "height of folly" for Tesla shareholders to vote to bail out SolarCity, which he added has an "uneconomic" business model.
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And in his version of events, behaviors once considered 'uneconomic'— the pathology of crime, or the romance of love — reflect the calculus of costs and benefits.
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The tariffs are aimed at forcing changes to Chinese government policies that USTR says results in the "uneconomic" transfer of U.S. intellectual property to Chinese companies.
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Earlier in the year, the company said it decided to leave some gas in the ground rather than flare or sell it at an uneconomic price.
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Earlier in the year, the company said it decided to leave some gas in the ground rather than flare or sell it at an uneconomic price.
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When forced to build new renewable-energy capacity, utilities are effectively creating their own competition, often rendering their existing fossil fuel and nuclear power assets uneconomic.
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The cut in production forecast was not because of the wildfire, but because of the company's decision to shut-in some uneconomic gas production, analysts told Reuters.
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The public service commission "failed ratepayers last year when it instituted a $7.6 billion bailout for uneconomic nuclear plants with almost no public input," the spokesman said.
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It is among the first signs of a North American producer restarting wells that were deemed uneconomic during the deepest part of the global crude price slump.
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But the fact that the oil sands make up 70 percent of the reduction underlines how much of Canada's resources are uneconomic in a weaker oil environment.
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But the price of the two other base metals have been plunging, to say the least, and this year reached six-year lows, making many deposits uneconomic.
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That plan doesn't have provisions for propping up uneconomic power plants, but instead includes steps far more likely to get the grid where it needs to go.
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And demand growth for electricity is also at a record low, which makes it even harder for uneconomic coal plants to make up the difference in volume.
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But the two tech firms have come under attack by many locals and city planners alike for increasing traffic congestion and making public-transport systems uneconomic to run.
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In 2017 the company was forced to write down 4.8bn barrels of reserves, nearly a fifth of the company's total, because low oil prices had made extraction uneconomic.
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Lawmakers are concerned that free-to-use cash machines or ATMs in rural areas are being closed as falling demand for notes make them uneconomic, leaving customers isolated.
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The Payment Systems Regulator and Link locked horns last year over closures of "protected" or uneconomic cash machines, and Link's plan to cut the interchange fee in phases.
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"There are some very big industries in this country where that which is highly profitable becomes not profitable, becomes uneconomic," Carney said in an interview with BBC radio.
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As the owners of aging and uneconomic plants continue to push for consumers to bail them out, I am hopeful that our leaders will put American consumers first.
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If they succeed, if FERC accepts their arguments, it could mean higher costs to consumers, more pollution, and uneconomic power plants delaying the market entry of cleaner alternatives.
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In other words, within ten years, virtually every coal plant in the world will be uneconomic, producing power more expensive than what could be generated by new renewables.
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"SCOOP/STACK producers, facing lighter barrels and uneconomic frac margins, will continue to scale back investment," warned Amrita Sen, co-founder of researcher Energy Aspects in a note.
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"Part of that (inventory fall) is the shape of the oil curve which makes it uneconomic to store product," said Greg McKenna, chief market strategist at futures brokerage AxiTrader.
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Those found further out would be uneconomic to exploit because of the hostile environment and the distance to the ports and pipelines connecting the north to markets farther south.
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Saudi Arabia's oil minister surprised energy markets by reiterating that he would be happy to see oil prices fall to $20 a barrel to squeeze out "inefficient, uneconomic producers".
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Storing of oil products is uneconomic in a backwardated market when prompt prices are higher than forward prices, as it difficult for traders to recover the costs of storage.
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Uneconomic oil and gas reserves – those that have been deemed to be not economically viable to extract – have zero value and then create further liabilities to plug them up.
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"And there are some very big industries in this country where that which is highly profitable becomes not profitable, becomes uneconomic," Carney said in an interview with BBC radio.
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Ballot initiatives press for greater studies of the risk that government carbon-reduction efforts in the future make oil and gas reserves uneconomic to tap, leading to investment losses.
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But the agency did agree the rule would make certain mining projects uneconomic and reduce annual coal employment by 124 jobs between now and 2040, thanks to lower production.
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The argument for writing the uneconomic news piece that attracts the user to the site who will then go on to the lucrative real estate section is now moot.
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The method, pioneered by four global miners, is opening up access to deeper, once uneconomic deposits and also has a smaller environmental footprint than open pit mining, Biswas said.
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The oil industry has been cutting jobs – including around 12,500 at Shell - and capital investment budgets in recent years as lower oil prices have rendered many previously profitable projects uneconomic.
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Sydney Airport, which had first right of refusal to build the airport, earlier on Tuesday said it would not proceed with the project which it had previously called "deeply uneconomic".
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The sudden surge in expected supply and falling demand led to a huge drop in oil prices; that makes virtually all new US shale drilling uneconomic for the time being.
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The coal industry countered that the rule could have reduced the number of direct mining jobs by 30 percent and made 60 percent of its existing reservoirs uneconomic to produce.
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The oil industry has been cutting jobs - including around 12,500 at Shell - and capital investment budgets in recent years as lower oil prices have rendered many previously profitable projects uneconomic.
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Traders are also trying to offload diesel cargoes due to a backwardated market, where prompt prices of the fuel are higher than forward prices, which means storing the fuel is uneconomic.
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The U.S. nuclear industry has been suffering for years as cheap and abundant natural gas from shale formations has depressed power prices, making it uneconomic for many reactors to continue operating.
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The most obvious challenge shale producers have posed to OPEC this decade is the use of hydraulic fracturing, or fracking, to drill oil quickly and cheaply in places previously thought uneconomic.
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These minerals are scarce only because deposits in other parts of the world have so far been uneconomic to extract, but that may change as demand for transparently sourced minerals increases.
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There are some significant uneconomic influences on S21387 ratios, such as the 2033% ultimate forward rate (UFR), which is used to extrapolate the forward curve for valuing very long-term liabilities.
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All of which throws a frozen wrench into the Department of Energy's wildly unpopular proposal to keep aging and uneconomic coal and nuclear plants alive through subsidies funded by American ratepayers.
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All of this raises the question: if more than half of current coal plants are uneconomic, and virtually all future coal plants will be, why are people still investing in them?
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He argued that coal and nuclear plant closures, which have increased in recent years as they have been made uneconomic by more cost-effective competitors, is putting the grid at risk.
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A focus is a complex set of requirements for banks to hold far more capital to cover loans and trades, which they say has made trading and services uneconomic in some cases.
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The idea is that energy reserves, be it coal, oil or gas, now valued by energy companies as exploitable will in the end be made uneconomic by regulation, or allied technological change.
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Cheap gas has kept power prices low for the past few years, making it uneconomic for generators to upgrade their older coal plants to meet increasingly strict federal and state environmental rules.
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MIT electricity expert Jesse Jenkins is out with a new paper that looks to quantify the different forces that are jointly pushing down electricity prices enough to make nuclear power increasingly uneconomic.
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The U.S. nuclear industry has been suffering for several years as cheap and abundant natural gas from shale formations has depressed power prices, making it uneconomic for many reactors to continue operating.
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The composition of the grid's electric production capacity is changing with natural gas and renewables (such as wind and solar) becoming more affordable, and coal and nuclear in some cases being uneconomic.
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Last month, PacifiCorp, which owns coal plants in Colorado (among other states), revealed that, according to its own analysis, 13 of its 22 coal plants are uneconomic — as in, currently losing money.
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Perry also tried, unsuccessfully, to manipulate the energy market by attempting to force electricity customers to pay billions of extra dollars to prop up uneconomic coal plants that were ready for retirement.
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In the short-term curtailments have boosted prices, but in the medium- and long-term the intervention has made crude-by-rail shipments uneconomic and is deterring investment in the province, he said.
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It identifies plants that are already uneconomic, or teetering on the edge, held up by patronage from state politicians and misguided regulations, and campaigns against those plants with tactics customized to local circumstances.
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In Wednesday's unsigned decision, a three-judge panel rejected U.S. District Judge Paul Engelmayer's finding that the traders did not adequately show that JPMorgan made "uneconomic" bids, or intended to rig the market.
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Among other things, the laws hike taxes on mineral exports, mandate a higher government stake in some mining operations and force the construction of local smelters, a move some companies said was uneconomic.
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Cheap gas from record shale production over the past decade has made some older coal plants uneconomic, especially those that require costly upgrades to meet increasingly strict environmental rules, often imposed by states.
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American energy independence is a main tenet of his administration, but that goal is now seriously threatened: The black gold price war between Saudi Arabia and Russia will make many U.S. drillers uneconomic.
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With plans to expand liquefied natural gas (LNG) output fivefold to 140 million tonnes by 2030 and to extract currently uneconomic oil reserves, Russia is effectively speeding up its reserves monetisation, Novak said.
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With plans to expand liquefied natural gas (LNG) output fivefold to 140 million tonnes by 2030 and to extract currently uneconomic oil reserves, Russia is effectively speeding up its reserves monetization, Novak said.
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Petra said it would mine less of the small, low value diamonds from its Cullinan mine as it would be uneconomic and as the company looks to focus on value rather than volume.
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The closure of the two uneconomic shafts had always been part of its plans, Mopani said on Thursday, adding that the move would allow it to channel funds toward completion of other expansion projects.
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Replacing old and worn out coal units with entirely new ultra-supercritical coal plants has proved uneconomic in almost all cases — gas plants are simply cheaper to build and run, and offer more flexibility.
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"Whether it's shareholders or attorneys general or the passage of time, they're going to have to become honest about the potential for their assets to be stranded," or become uneconomic to pursue, said Litterman.
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Cheap gas from record shale production over the past decade has kept power prices low, making it uneconomic for generators to upgrade older coal plants to meet increasingly strict federal and state environmental rules.
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"The closure of the two uneconomic shafts was always part of our plans," Mopani said in a statement, adding that the move would allow it to channel funds toward the completion of other expansion projects.
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While consumers have received the equivalent of a massive tax cut through cheaper oil and gas prices, the drop in crude has made it uneconomic for many shale companies to continue to churn out oil.
|
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Solar energy developers and their allies say the tariffs will cause panel prices to shoot up so much that many future energy projects will become uneconomic, industry growth will slow and jobs will be lost.
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Canadian crude by rail has slowed since hitting record levels late last year, National Energy Board data shows, after the discount on Canadian crude shrank dramatically as a result of production curtailments, making rail uneconomic.
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That much like pediatric periodontists and professional closet organizers, writers like me, however uneconomic we may seem, can exist with a degree of tranquillity or efficiency only in economies like this one, of extreme specialization.
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An Oxford University study warned that billions of dollars of Japanese coal assets could eventually have to be written off if coal becomes uneconomic, although the government and utilities have so far brushed off such questions.
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LINK, which banks such as HSBC, Barclays, Lloyds and Royal Bank of Scotland use, came under pressure this month from lawmakers to avoid price cuts that would make it uneconomic to put machines in rural areas.
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SANTOLI: WHAT WOULD BE SOME OF THE EXAMPLES, IF YOU CAN GET SPECIFIC ABOUT WHAT YOU CONSIDER OUTDATED RULES THAT ARE CREATING THESE UNECONOMIC SITUATIONS WITH SOME OF THE COMPETITION HERE, AND IT IS RETARDING INNOVATION?
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In January, the Federal Energy Regulatory Commission (FERC) unanimously rejected a notice of proposed rulemaking (NOPR) from the Energy Department, which would have subsidized aging and uneconomic plants under the guise of improving electric grid reliability.
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It comes amid growing pressure from the Trump administration, the coal industry and its allies to save uneconomic coal plants, which are closing at a historic pace amid competition from cheaper power sources like natural gas.
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However, many investors view the risk margin as an uneconomic capital add-on, and, when comparing S2 results, will not seek to strip out the transitional allowances that insurers are applying to offset the risk margin.
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FirstEnergy's request has been criticized by free-market advocates, environmentalists and advocates for numerous competing electricity sources like wind, solar and natural gas, who say it's not the federal government's job to bail out uneconomic companies.
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The slowdown comes as a brewing trade dispute with the United States intensifies, raising the threat of further tariffs that could make imports of U.S. corn or ethanol to meet any shortfall in domestic supplies uneconomic.
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Cheap natural gas and the rising use of renewable power like solar and wind have kept electric prices relatively low for years, making it uneconomic for generators to keep investing in older coal and nuclear plants.
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"The airline has embarked on a comprehensive review ... The measures will include rationalisation of operations on select, uneconomic routes," Jet said in a statement, adding that it will redeploy planes to more productive domestic and international sectors.
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The most egregious example of this political cronyism was Perry's directive to FERC to create new rules that would have forced electricity customers to pay extra money for the energy produced by uneconomic coal and nuclear plants.
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Ohio-based FirstEnergy recently made an audacious plea to the federal government: Bail out more than 85033 uneconomic coal and nuclear plants across 13 Midwest and Mid-Atlantic states at a cost of $8 billion a year.
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The company has extended its agreement for access to Open Fiber's broadband network beyond the 210 cities currently covered to the so-called uneconomic areas of the country, Il Sole 210 Ore said, citing Tiscali's shareholder meeting.
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The Oxford University study criticizes Japan's pro-coal policies and says much of the industry could end up becoming uneconomic due to likely measures to cut coal use, the prospect of nuclear restarts and rising use of renewables.
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Nuclear operators have shut several reactors over the past five years and plan to close more as cheap natural gas from shale fields has depressed power prices, making it uneconomic for generators to keep operating some nuclear plants.
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"The reported proposal would be a misapplication of emergency powers, there's certainly no credible justification to force American taxpayers to bail out uneconomic power plants," said Amy Farrell, head of government affairs at the American Wind Energy Association.
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Coal's share of electricity generation has fallen especially fast in the past few years, as a combination of the EU's emissions-trading scheme and a British carbon floor-price of £18 ($24) per tonne has made it uneconomic.
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Millstone is among several nuclear power plants in danger of shutting before its licenses expire as cheap and abundant natural gas from shale fields keep power prices low, making it uneconomic for generators to keep some reactors operating.
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Up to 5,0003 miners were working at Obuasi in mid-October, a more than 100-year-old mine where production was halted in 2014 when falling gold prices made it uneconomic to access new and deep-lying reserves.
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"Metcash determined these requirements would lead to supply being uneconomic for its convenience business," the grocery distributor said in a statement, adding that it remains in discussions with the Japanese-American brand to continue supply in Western Australia.
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Hitting back at U.S. plans to implement duties on Canadian softwood lumber, a key export for British Columbia, Clark said the Liberals would add a carbon levy on thermal coal exports from the province that would make them uneconomic.
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"It is never easy to tell people that whole parts of the business that have put bread on their table and bought them a second house have become uneconomic," said Guy Moszkowski, a longtime securities analyst at Autonomous Research.
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And as I've been saying for years, coal can either be cheap or clean, not both; making a new coal plant clean makes it uneconomic (to say nothing of what happens when you force it to bury its carbon).
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"To me the objective is to make it uneconomic, to make it expensive, to do something that has inefficiency in the market," said Robert Lighthizer, Mr. Trump's nominee to become United States trade representative, at his Senate confirmation hearing.
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To put it plainly: the Republicans behind HB6 are telling Ohioans that halting the shift to cheaper power sources, halting reductions in energy consumption, and (re-)subsidizing increasingly uneconomic dinosaur power plants will save ratepayers money over the long-term.
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Millstone is one of several nuclear plants in the U.S. Northeast and Midwest that analysts have said could close before their licenses expire as weak power prices make it uneconomic to keep the reactors running without some form of state support.
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"Supply is more than ample in Europe, Urals face strong competition from the Middle Eastern grades," said another trader on the Russian crude oil market, adding that supplies of Urals to Asia were uneconomic due to a wide Brent-Dubai spread.
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Robert Lighthizer, U.S. President Donald Trump's nominee to be the top U.S. trade negotiator, said at his confirmation hearing on Tuesday that Beijing's industrial policies had supported vast amounts of "uneconomic" production capacity that would not survive without state support.
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It may be uneconomic to drill new deepwater wells at prices under $209 a barrel, he says, but once they are built it may still make economic sense to keep them running at prices well below that (see chart 20093).
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Many businessmen said the rising fees for foreign workers were the biggest single burden on them, making it uneconomic in some cases to keep employing foreigners — even though it can be hard or impossible to find trained Saudis to replace them.
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"There is no geological risk here, but if your wells don't live up to your expectations, you have negative reserve revisions," said Bill Costello, a portfolio manager at Westwood Holdings Group, referring to downgrading proved reserves to uneconomic-to-tap categories.
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This is a significant break for the company: In 2016, the company's reserve replacement was 65%, down 3.3 billion barrels of oil equivalent, partly a result of low prices that made a lot of its proven oil uneconomic to produce.
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FirstEnergy Corp and Exelon Corp plan to retire six reactors in PJM before 2022 as cheap natural gas from shale fields has depressed power prices over the past several years, making it uneconomic for generators to keep operating some nuclear plants.
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One can certainly argue that the economy and markets can be carried along by this virtuous cycle for a while before the good news curdles into higher interest rates or inflation or fears of overheating or signs of uneconomic over-investment.
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"On the present terms, it is a deeply uneconomic investment proposition," Kerrie Mather, chief executive of Sydney Airport Holdings Ltd, said at an earnings briefing, referring to the airport proposed to be built in the western outskirts of Australia's largest city.
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HABERMAN: Would you be willing — TRUMP: You're right about that David, but it's — and they do pay somewhat more, but they pay more because of the tremendous amount of business that they do with us, uneconomic business from our standpoint.
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"Certainly, we would be concerned by any effort to use resiliency as an excuse for propping up uneconomic sources of electrical power, and denying consumers free market access to clean, cost-effective renewable energy from, for example, wind and solar power," Wetstone added.
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That move saw the discount on Canadian barrels shrink dramatically at the start of this year to the point where it became uneconomic for many producers to ship crude by rail, effectively cutting off a conduit for crude out of western Canada.
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Pruitt is starting a long, shady bid to overturn the never-implemented Clean Power Plan, but the US is on the verge of meeting the CPP targets regardless, 10 years early, mainly because (you guessed it) uneconomic coal plants are shutting down.
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Long term, U.S. oil output could be set for a last spike in 2018 before growth flattens for a number of years as rising costs make a big chunk of production uneconomic, the head of top oil trader Vitol, Ian Taylor, told Reuters.
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LONDON (Reuters) - U.S. oil output could be set for a last spike in 2018 before growth flattens for a number of years as rising costs make a big chunk of production uneconomic, the head of top oil trader Vitol, Ian Taylor, told Reuters.
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That means it is prepared to talk about the tax problem as well as the possible construction of Tanzania's first smelter of gold- and copper-concentrates, even though the latter has long been considered uneconomic because the country's output of concentrates is too low.
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U.S. power companies are expected to retire or convert almost 11,000 megawatts of coal-fired plants in 2016 as cheap natural gas from record shale production has kept power prices low, making it uneconomic to upgrade older plants to meet federal and state environmental rules.
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At present this process is uneconomic, but Steen Riisgaard, the boss of Novozymes, one of the firms that make the enzymes, says the cost is falling fast and claims that his American customers will be making money by 2011, with the help of government subsidies.
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These goals (perhaps combined with a new, more stringent RPS in Colorado) will help Xcel get permission from regulators to depreciate lots of uneconomic old fossil-fuel assets (which activists have been hassling it about anyway) and build, build, build a bunch of new stuff.
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Canadian Natural Resources Ltd's third quarter 2015 conventional production was down 8 percent versus a year earlier at 265,000 bpd as a result of a 84 percent decrease in drilling activity and the decision to shut-in 5,700 bpd of uneconomic heavy oil production.
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WINNIPEG, Manitoba (Reuters) - Suncor Energy Inc, one of Canada's biggest oil producers, expects the province of Alberta to end mandatory production curtailments ahead of schedule as they have caused a price boost that makes rail shipments uneconomic, Chief Executive Officer Steve Williams said on Wednesday.
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Fugro is still suffering the impact of a rout in oil prices that have fallen by more than 50 percent from mid-2014 highs, affecting its business as makes it uneconomic to prospect for the hard-to-reach subsea deposits in which it specialises.
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Nuclear operators have shut five reactors since 2013 and have threatened to close several more primarily because U.S. power prices have collapsed to decade lows due to low gas prices, making it uneconomic to keep running or make needed repairs to the nuclear units.
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"We found significant elements of the agency's new regulatory scheme to be excessive, uneconomic, and threatening to the long-term production of oil and natural gas in the United States without corresponding environmental benefits," IPAA executive vice president Lee Fuller said in a statement.
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Coal has been the primary fuel source for U.S. power plants for the last century, but its use has declined since peaking in 2007 due to low gas and power prices that make it uneconomic to upgrade older units to meet stricter environmental rules.
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"While our current GTL assets are generating good returns and cash flows, the value proposition for Sasol to build new GTL projects is uneconomic against a volatile external environment and a structural shift to a low oil price environment," the company said in a statement.
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The units are two of dozens of coal plants expected to shut this year as cheap natural gas from record shale production has kept electric prices low in recent years, making it uneconomic for some generators to continue operating older, less efficient coal plants.
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Satyajit Das of Bloomberg Opinion warns that these may not be isolated cases: The textbook recipe for an emerging-market crisis requires a large dose of debt and an associated domestic credit bubble, including misallocation of capital into uneconomic trophy projects or financial speculation.
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WINNIPEG, Manitoba, Feb 6 (Reuters) - Suncor Energy Inc , one of Canada's biggest oil producers, expects the province of Alberta to end mandatory production curtailments ahead of schedule as they have caused a price boost that makes rail shipments uneconomic, Chief Executive Officer Steve Williams said.
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Already fractured by the unbundling of content on mobile discussed in part one, if the content that is economic to independently create is more profitable to publish directly to the platform, then the media companies will be left with the content that is uneconomic to create.
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Power companies in 2015 may have burned more gas than coal to produce power for the first time in history as generators retired a record number of coal units because weak gas and power prices made it uneconomic to upgrade older coal units to meet stricter federal environmental rules.
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In 2016, New York and Illinois adopted rules to subsidize some reactors that were in danger of closing before their licenses expire as cheap and abundant shale gas has cut power prices over the past several years, making it uneconomic for nuclear operators to keep some units operating.
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Susskind even proposes his own flavor of the UBI—a Conditional Basic Income—premised on the idea that in lieu of actual work (this is when the machines have taken all the jobs), you still have to do something—an uneconomic contribution to the community—to be eligible.
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From rolling back the technology standards for car emissions to loosening power plant pollution standards, pulling back on renewable fuel requirements, or trying to force uneconomic coal plants to run in a misguided attempt to "bring back coal," all this looking backward has blinded federal lawmakers to the incredible technological progress we've made.
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And while it is true that natural gas spot prices have temporarily spiked throughout the region, those price increases are short in duration with little impact on households and businesses energy bills, while subsidizing more expensive and uneconomic resources like coal and nuclear throughout entire the year is hardly a more cost-effective solution.
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The Saudis are treading a fine line between supporting initiatives to prop up the oil price to a level that works for their increasingly challenged economy and ensuring that it doesn't go so high that a string of competitors who have found it uneconomic to produce at recent lower price points are enticed back into the industry.
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"In an environment characterized by uneconomic production and scarcity of capital, the tools normally available to activist investors are not applicable in a reasonable way," said Bobby Tudor, CEO of Tudor Pickering Holt & Co. In November 2014, Halliburton announced it would buy oil and gas services rival Baker Hughes in a cash and stock deal worth $34.6 billion at the time.
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KEY ASSUMPTIONS Fitch's key assumptions within our rating case for the issuer for 2017 include: -Revenue decline of 3.2% due to reduction on the number of effective beds following asset disposals; -EBITDA of GBP58 million in line with that for LTM-June 2017; -Capex to reduce to less than 5% of sales; -Disposals of uneconomic care homes for GBP103 million.
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"We think they got it absolutely right in terms of the harm done to the U.S. primary industry and the emerging harm being done to the downstream industry," he said, adding that the curbs were needed to make it "uneconomic" for China and other countries with too much capacity or little domestic demand to export their products to the United States.
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Provides 2016 second quarter results * Due to shut-in of selected uneconomic properties, q2 2016 natural gas production averaged 3.58 million cubic feet per day, down 11 percent * "strategic alternatives process is continuing" * Q2 2016 production averaged 3,413 barrels of oil and liquids per day, a three percent decrease from preceding quarter rate * Qtrly loss per basic share $0.17 Source text for Eikon: Further company coverage:
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"We have heard many excuses — but no good reasons — why Sotheby's competitive position is deteriorating, such as: 'Christie's is buying market share and making uneconomic deals to make headlines,' or 'Christie's is private and doesn't have to disclose its guarantees,'" Mr. Loeb, a member of the Sotheby's board, wrote in a letter urging Mr. Ruprecht's ouster and bemoaning a share price that was then stalled at about $51.
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If we use the most recent EIA data (2013) on delivered electricity costs (Table A8), including transmission and distribution, the U.S. average was about $101 per mWh, about 19 percent less than the $125 levelized cost estimate for solar PV. And even that figure is biased in favor of solar PV, in that the $85033 figure includes the delivered costs of uneconomic renewable generation that has been expanded by subsidies of various kinds.
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He participated in a unanimous vote last January to reject Energy Secretary Rick PerryJames (Rick) Richard PerryThe credible case for Texas and its clean energy solutions Oversight: Trump confidant Tom Barrack pushed for Saudi nuclear plant construction Amazon taps Trump ally to lobby amid Pentagon cloud-computing contract fight MORE's proposal to require higher electricity payments to coal and nuclear power plants, part of an ongoing Trump administration effort to bail out uneconomic plants.
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TheFederal Energy Regulatory Commission's (FERC) recent rejection of Secretary of Energy Rick PerryJames (Rick) Richard PerryThe credible case for Texas and its clean energy solutions Oversight: Trump confidant Tom Barrack pushed for Saudi nuclear plant construction Amazon taps Trump ally to lobby amid Pentagon cloud-computing contract fight MORE's plan to force electricity customers across the country to pay billions of dollars to prop up uneconomic coal and nuclear plants is only the tip of the iceberg in the fossil fuel industry's bailout efforts.
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Announces restart of Nisku l2l pool * Continues to be "financially well-positioned, with existing positive working capital and no debt" * Ironhorse oil & gas says pool has been shut in since January 2016 due to uneconomic conditions and in order to preserve value of Ironhorse's reserves * Ironhorse Oil & Gas Inc says operator has advised production from pool was restarted without incident * Ironhorse Oil & Gas Inc anticipates pool will remain on production provided commodity prices remain at an economic level * Anticipates pool will remain on production provided commodity prices remain at an economic level Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-646-8780)
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