Word: wyss
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...that doesn't mean we're off the hook. "There is enough oil, but most of the easy oil, the cheap oil has been got out," says David Wyss, chief economist at Standard & Poor's. Energy experts obsess over whether we've reached "Hubbert's peak," the point at which oil reserves are 50% depleted. That's because the remaining 50% gets increasingly harder and more expensive to extract. At some point in the next decade or so--estimates range from 15 to 25 years--the world's oil production will peak. Yet demand for oil will continue to rise...
Correct. "Oil prices have moved to a higher level, and they're going to stay there," says Wyss. Expect crude to remain around $50 a barrel, while gasoline could reach $5 a gallon within the next few years. There will always be blips in both directions. A hard landing for the Chinese real estate market, for example, could stall growth and cause a sudden drop in oil prices. "People would be terrified [by such an economic slowdown]," says Jim Rogers, a prominent commodities investor. "But it wouldn't last." Politics can also create short-term volatility: trouble in Saudi Arabia...
...donation will also fund facilities improvements at the doctoral program’s current home on North Harvard Street, Sherman Hall, which will be renamed Wyss House...
...donor, Hansjoerg Wyss, who earned a master’s degree from HBS in 1965, is chief executive of Synthes, Inc., a leading manufacturer of orthopedic medical devices...
...Already, Asia's willingness to bankroll America's debts may be starting to wane. David Wyss, chief economist at ratings agency Standard & Poor's, says anecdotal evidence from bond traders suggests that China's purchases of American securities are slowing. Japan's appetite for U.S. bonds might also begin to ease, if its own economy continues to recover, making domestic investments more attractive than buying American debt. If China and Japan lose their hunger for American assets, the dollar will slide. The question is: how far and how fast? A gradual drop would boost U.S. exports, cut its trade deficit...