In a world of low commodity prices the potential for conflict between hydrocarbon producers and governments over tax revenues is exacerbated. In Russia this is even more true because the state relies so heavily on taxes from the oil and gas sectors and because producers are increasingly having to invest in new more remote assets […]
This paper by Paul Segal considers the proposal that each country distribute its resource rents directly to citizens as a cash transfer or Resource Dividend and estimates its potential impact on global poverty. If every developing country implemented the policy then the number of people living below the World Bank’s $1-a-day global poverty line would […]
The temptation for EU governments to be seen to “do something” about rolling back energy prices has increased, is increasing and ought to be resisted, argues David Buchan.
Oil production in the UK North Sea reached a peak of 2.63 million bld in 1985. As widely predicted in the 1970s and early 1980s, output then declined sharpty, down to 1.8 million bld in 1991. The surprising feature of subsequent production development was a resumption of growth after the 1991 trough to a new […]
Trump’s Twitter an additional explanatory variable in oil price movements (4/4). https://t.co/e037HbsVvu
With global output 1.8 mb/d lower, monthly Brent would have risen only to $83.1/b reflecting the fact that most of… https://t.co/2yBc4nuTcl
OECD stocks would have still risen above their 5-yr average but the pace of stock build-up would have been slower a… https://t.co/VTrP9FbzTm