Crude
| Use attributes for filter ! | |
| Initial release | New York |
|---|---|
| Directors | Joe Berlinger |
| Initial DVD release | February 23, 2010 |
| Producers | Joe Berlinger |
| Michael Bonfiglio | |
| J. R. DeLeon | |
| Richard Stratton | |
| Distributor | First Run Features |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2595919 |
About Crude
In this documentary, director Joe Berlinger looks into a major environmental disaster in the Amazon, which involves the oil industry in Ecuador. While the film explores the human toll of the corporate presence in the heart of the jungle, it also presents the circumstances involved in the massive legal case associated with the complicated situation. Investigating the issue from a variety of perspectives, the movie shows how big business can drastically affect the world. … MORE
Opec oil producers announce surprise cut in output
... The group accounts for about 40% of all the world s Crude oil output...
Shanghai Covid: Oil prices slide after city starts lockdown
... Brent Crude lost more than $3 a barrel on concerns that the move would mean that demand for oil will fall...
Airline giant Delta warns oil increases mean higher ticket prices
... At the start of January, Brent Crude - the international benchmark for oil - was under $80 a barrel, but it recently reached as high as almost $130 as the of oil from the world s biggest exporter, Russia...
Oil price falls below $100 but petrol hits new high
...Motoring groups have called for fuel prices to fall as the cost of Crude oil fell to its lowest level for two weeks...
Petrol price hits new record above £1. 60 a litre
... Oil prices are mainly determined by the price of Crude oil and the dollar exchange rate, as agreements are made in dollars...
War in Ukraine: Warning oil sanctions will further hit UK living costs
... " Surging pump pricesThe price of Brent Crude - the global oil benchmark - has climbed for weeks, hitting a 14-year high of $139 a barrel at one point on Monday...
Ukraine conflict: Oil price soars to highest level
... Brent Crude - the global oil benchmark - spiked to above $139 a barrel, before easing back to below $130...
Metal price rise will make canned food more expensive, says LME chief
... This week, the price of Brent Crude - the global oil benchmark - surged to more than $119 a barrel at one point, the highest since May 2012...
War in Ukraine: Warning oil sanctions will further hit UK living costs
Western plans to ban or curb Russian oil and gas imports will further hit UK living standards, analysts say.
Experts say global commodity prices are set to soar Even Higher as a result of the UK, US and EU announcing plans to punish Moscow for invading Ukraine.
The RAC says UK petrol prices could hit £1. 60 a litre This Week and £1. 65 soon.
And One Think Tank warned household disposable incomes could see the biggest fall since 1955 as prices surge in The Second quarter of the year.
The UK, which gets 8% of its oil from Russia, Said on Tuesday that it plans to phase out these imports by The End of 2022.
Meanwhile, the US Said it would immediately ban Russian oil and gas and the EU vowed to cut is gas imports by Two Thirds this year.
Business Secretary Kwasi Kwarteng tweeted that the UK's transition would give its " market, businesses and supply chains More Than enough time to replace Russian imports" and allow firms to " protect consumers".
The Bbc is not responsible for the content of external sites.Robert Buckley , an energy analyst at Cornwall Insight, told The Bbc the UK ban was " largely symbolic" because Russian oil was such a small part of its overall energy mix.
However, together with the US ban, and widespread boycotts by western companies, it is still likely to increase already high oil prices in The Coming weeks, He Said .
" This is a global market and you've got to replace that displaced supply somehow, " Mr Buckley told The Bbc .
" At The Margin , this decision will act to support oil prices which are already extremely high. "
Surging pump pricesThe price of Brent Crude - the global oil Benchmark - has climbed for weeks, hitting a 14-year high of $139 a barrel at one point on Monday. Prices jumped 7% on Tuesday after the sanctions were announced.
Brent Crude was trading just below $130 on Asian markets on Wednesday morning.
Those rising wholesale costs are feeding through to higher petrol prices at the pump, a trend the RAC expects to accelerate.
" We were at £1. 56 per litre for petrol and £1. 62 for diesel yesterday, both records, " the RAC's fuel spokesman Simon Williamson told The Bbc .
" In 2016, you could regularly get petrol for under £1 a litre at supermarkets and other low-cost retailers. "
He Said he expected prices to remain high as long as The Conflict continued, although a deal to unlock supply from Iran or Venezuela - both of which face their own oil sanctions - could ease the pressure.
" It's not just about what consumers pay at the pump, " he added. " Everything in our shops has ultimately been moved by a diesel powered lorry and businesses are obviously likely to pass on these costs. "
Even before Russia invaded Ukraine, the UK's cost of living was rising at its fastest rate in 30 years amid surging global demand for oil and gas as pandemic restrictions eased.
But The War has added to this pressure, driving up the cost of not just fuel and energy but also other commodities like wheat and metals.
Nathan Piper, an oil and gas analyst at Investec, Said the EU's decision on Tuesday to reduce its reliance on Russian gas by Two Thirds by The End of the year was also likely to hit the UK.
Wholesale gas prices have been climbing for months and analysts expect the UK's energy price Cap - which limits what consumers pay for gas and Electricity - to rise to More Than £3,000 a year for the average household when it is next reviewed in October.
" We Are on the cusp of prolonged high oil and gas prices for many years, " Mr Piper told The Bbc .
" You can't just cut The Second largest gas producer and third largest oil producer out of global supply and not expect it to have big impact on consumers, " he added.
He Said there would be " extreme fuel poverty" over The Next few years, with the government facing growing pressure to offer more support.
, the Centre for Business and Economic Research (CEBR) warned that a combination of rising commodity and oil prices and sanctions was likely to have major impact on the UK economy.
It estimated that GDP growth this year will be More Than halved - Down from a previously forecast 4. 2% to 1. 9%.
The CEBR also expects inflation to hit 8. 7% in The Second quarter of this year and disposable incomes to fall by 4. 8% in 2022 - the largest drop since records began in 1955.
" The Forecast Fall In living standards this year is an estimated £71bn - which amounts to £2,553 per household, " it Said .
Source of news: bbc.com
