Fiscal Regimes and Oil Revenues in the UK, Alaska and Venezuela

In this paper we shall discuss the performance of three oil fiscal regimes over the past 25 years: the UK, Alaska, and Venezuela. This empirically oriented paper is based on our previous more theoretical paper on the subject of oil fiscal regimes,’ but it can be read independently. Nevertheless, a reminder of a few points made in that paper may be helpful.

By: B. Mommer