June 2011
Intermediate to advanced
236 pages
6h 25m
English
Content preview from Investing in Energy: A Primer on the Economics of the Energy IndustryBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Hydrocarbons, a Source of Revenue
Among state-owned oil companies, a common denominator is the reliance on crude and natural gas production as a key source of revenue to its domestic economy. When crude oil or natural gas prices significantly decline, these economies are weakened. In a declining crude and natural gas price environment, national oil companies (NOCs) tend to react differently. Smaller countries have less flexibility and financial resources to withstand such economic shocks. Countries such as Ecuador and Venezuela rely on crude oil production as their economic lifeline.
As another example, Mexico has tried to increase its revenue base by increasing taxes among the corporate sector. Venezuela has been reticent to increase taxes among ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.