The generalized r% rule for semi-durable exhaustible resources

Article Abstract:

The Euler equation which is used for analyzing optimal extraction approaches as applied to semi-durable finite resources, can be described in most cases as an r% rule of the same kind as the better known Hotelling variety. Exceptions are where this is characterized in terms of share prices rather than rentals or flow proces. Semi-durable resources can exhibit falling rentals and prices in initial extraction stages, with a later price increase following the end of the extraction process.

Noncommercial research organizations

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A note on alternative petroleum taxation systems

Article Abstract:

Taxation systems applied to the petroleum industry should take into account expected levels of tax revenues in addition to characteristics of the project in question. Taxation systems can use royalties, fixed fees and profit taxes, and royalties may be preferable in the case of low tax burdens, with a tax on profits preferable if there is a high expected tax burden. Levels of tax rates may thus influence selection of an appropriate tax system.

Petroleum chemicals industry, Taxation, Petroleum industry

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A diversified portfolio: joint management of non-renewable and renewable resources offshore

Article Abstract:

A stochastic model for jointly managing ecological and economic uncertainty in both types of natural resources is presented. The object is to arrive at an optimal solution to these types of resource management.

Management dynamics, Management, Usage, Environmental aspects, Company business management, Stochastic processes, Renewable natural resources, Renewable resources

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