Politics has strong say in who benefits from oil
Oil`s many values are more visible now than ever. Price information streams from financial and physical commodity markets around the world. A sophisticated array of analytical tools turns price data into nearly real-time indications of what a particular crude or petroleum product is worth to a particular type of trader in a particular market. Value, though, means something beyond price. Economic values ultimately must benefit someone. In a market that gushes price data, it`s much easier to measure oil values than it is to determine who benefits from them. The paper discusses new value gauges, where values flow, the trend toward lower government take upstream, the decade-long trend in the decline of state takes, suppressing prices, political dimensions, the squeeze OPEC feels, taxing products, claim on values, and values in perspective.
- OSTI ID:
- 28037
- Journal Information:
- Oil and Gas Journal, Vol. 93, Issue 14; Other Information: PBD: 3 Apr 1995
- Country of Publication:
- United States
- Language:
- English
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