- Language: English
- Published: September 2012
The World Of $80 Oil: How The Economy And Industries Cope
- Published: October 2007
- Region: Global
- Standard & Poors
The price of crude oil has been on a roller-coaster ride, hitting a record $83 per barrel in September before drifting back down to $79 late in the month, and back to around $80 by September's end. And, in the past year, oil has been as low as $50 per barrel. Although Standard & Poor's Ratings Services is forecasting that West Texas Intermediate (WTI) oil prices will remain at about $75 per barrel through 2010, this is more a confession of ignorance than a forecast. One could argue that the economics of supply and demand would imply a drop in prices as the global economy becomes more energy-efficient and economic growth slows in much of the industrial West. But demand...
Companies mentioned in this report are: Terra Industries Inc.,Qantas Airways Ltd.,Deutsche Lufthansa AG,NRG Energy Inc.,Exelon Generation Co. LLC,PSEG Power LLC
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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Terra Industries Inc.,Qantas Airways Ltd.,Deutsche Lufthansa AG,NRG Energy Inc.,Exelon Generation Co. LLC,PSEG Power LLC