
Beschreibung Mu, X: Economics of Oil and Gas (Economics of Big Business). The availability of low-cost energy from fossil fuels in particular oil has been the driving force behind postwar global economic growth, such that the petroleum industry has some of the worlds largest state- and public-owned companies. In 2015, Exxon Mobil had revenues of $394 billion (more than the GDP of South Africa) and posted profits of $32 billion.This book examines the economics of the entire value chain of the oil and gas industry, from exploration, development and production, to transportation, refining and marketing. At each stage, the key economic costs, considerations and appropriate business strategies are explored in order to provide the reader with a comprehensive understanding of the workings of the petroleum industry.The book examines some of the unique economic challenges the industry faces, including negotiating international contracts with host countries (to gain access to hydrocarbons), managing the risks of recovery, implementing cross-border pipelines, dealing with huge variations in the taxation of refined products, and reacting to the effect of price control and subsidization in the OPEC nations which can create massive volatility in pricing. In addition, the search for low-carbon fuels, the impact of shale gas, the prospect of finite reserves, and the global political realities of the competing demands of oil importing and oil exporting countries make the sector high risk, but the economic rewards can be huge.Throughout the book, the economic theory is presented in a form accessible to non-economists, and the needs of readers interested in energy policy as well as energy economics, are kept to the fore. The book is suitable for course use on programmes in energy economics, energy management, energy finance, petroleum law and energy policy, and will be welcomed by professionals working in government, industry and NGOs keen to understand the economics and business environment of oil and gas companies.
Economics of Tail Events with an Application to Climate ~ Suppose further you were a trader who eschewed any economic theories and just looked at historical data (which is not an absurd approach given the unpredictability of oil prices). Oil prices had been pretty stable, and the “sigma” was about 5 percent on a monthly basis. But then, in 1973, we had, by historical standards, a thirty-seven-sigma event (see
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GDP by Industry / U.S. Bureau of Economic Analysis (BEA) ~ Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020, according to the “third” estimate released by the Bureau of Economic Analysis. Private goods-producing industries decreased 34.4 percent, private services-producing industries decreased 33.1 percent, and government decreased 16.6 percent (table 12). Overall, 20 of 22 industry groups .
chokka blog: How Much of Scotland's Tax Revenue Does ~ tl;dr More spending occurs in Scotland than tax revenues raised by Scotland. In fact, more money is spent in Scotland than the sum of tax revenues raised by Scotland plus Scotland's per capita share of the UK's overall deficit (i.e. there is a fiscal transfer in Scotland's favour after allowing for Scotland's share of the increase in UK debt). Both the statements above are true even before .
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2020 Power and Utilities Industry Outlook / Deloitte US ~ Renewables as a whole, including hydroelectric, reached nearly 22 percent of US capacity, surpassing coal-fired plants’ share for the first time. 2 And the rush to deploy battery storage at grid-scale and behind-the-meter surged as battery costs fell sharply.
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