Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

National Research Council Canada - National Science Library

Blanchard, Christopher M

2008-01-01

Iraqi leaders continue to debate a package of hydrocarbon sector and revenue sharing legislation that would define the terms for the future management and development of the country's significant oil...

Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

National Research Council Canada - National Science Library

Blanchard, Christoper M

2007-01-01

Iraqi leaders continue to debate a package of hydrocarbon sector and revenue sharing legislation that would define the terms for the future management and development of the country's significant oil...

Descriptive Analysis of Economic Diversification, Price and Revenue Dynamics in Oil and Energy in the Arab World

OpenAIRE

Driouchi, Ahmed; El Alouani, Hajar; Gamar, Alae

2014-01-01

Abstract The present paper looks at the descriptive side of the economy of oil and energy in the Arab countries. It addresses the contours of these economies in relation to diversification and trading patterns and shows the limited diversification but high concentration of exports towards oil and gas in part of these countries. The paper addresses also the dynamic processes of gas and oil revenues with their time trends. It also attempts linking revenues to international oil prices before...

Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

National Research Council Canada - National Science Library

Blanchard, Christopher M

2007-01-01

Iraqis continue to debate a package of hydrocarbon sector and revenue sharing legislation that will define the terms for the future management and development of the country's significant oil and natural gas resources...

Consequences of lower oil prices and stranded assets for Russia's sustainable fiscal stance

International Nuclear Information System (INIS)

Malova, Aleksandra; Ploeg, Frederick van der

2017-01-01

Despite substantial oil and gas revenue Russia's fiscal stance is unsustainable. Under our benchmark assumptions the permanent-income rule requires a permanent tightening of the fiscal stance by 4.6%-points of GDP. Delaying it by a decade implies that the fiscal stance needs to be tightened by a further 0.9%-point. This benchmark optimal policy ensures that depletion of oil and gas wealth is matched by an equal increase in above-ground financial wealth. Its merits are highlighted by comparing it with the tougher alternative of the bird-in-hand rule and with projecting the current fiscal stance. If oil and gas revenue rises by a half due to higher prices or more discoveries, the fiscal stance needs to be tightened by only 3.2%-points of GDP. However, if a large chunk of oil and gas has to be kept in the soil to meet international agreements to keep global warming below 2 °C, the permanent transfer drops to 2.0% of GDP and the fiscal stance needs to be tightened by 5.5%-points of GDP. - Highlights: • Sustained lower oil prices mean that Russia has to tighten its fiscal stance by 4.6%-points of GDP. • If oil & gas revenue rise by half, the fiscal stance only needs to be tightened by 3.2%-points of GDP. • Delaying by a decade means that the fiscal stance has to be tightened by a further 0.9%-points of GDP. • If Russia commits to Paris COP21, a large chunk of reserves cannot be burnt. • The fiscal stance then needs to be tightened by 5.5%-points of GDP.

Management of Oil Revenues: Has That of Azerbaijan Been Prudent?

Directory of Open Access Journals (Sweden)

Sarvar Gurbanov

2017-06-01

Full Text Available To help explain the common failure of oil or other natural resource exporting countries to diversify into industry, it has been common to trace this failure to real exchange rate appreciation. This has also been done in Azerbaijan. However, because Azerbaijan has devoted so much of its oil revenues to government investment, Azerbaijan provides a suitable case for examining an alternative link through government investment. This study applies the ARDL cointegration method to quarterly time series data on oil prices, government capital formation, non-oil exports and non-oil GDP to estimate the long run relationships linking oil prices to government investment expenditures and further to generation of non-oil GDP. The results show that despite the massive government investment expenditures, extremely little non-oil production of the tradable type has been generated, calling attention to the need for policy reform.

OPEC's production under fluctuating oil prices. Further test of the target revenue theory

International Nuclear Information System (INIS)

Ramcharran, H.

2001-01-01

Oil production cutbacks in recent years by OPEC members to stabilize price and to increase revenues warrant further empirical verification of the target revenue theory (TRT). We estimate a modified version of Griffin (1985) target revenue model using data from 1973 to 2000. The sample period, unlike previous investigations, includes phases of both price increase (1970s) and price decrease (1980s-1990s), thus providing a better framework for examining production behavior. The results, like the earlier study, are not supportive of the strict version of the TRT, however, evidence (negative and significant elasticity of supply) of the partial version are substantiated. Further empirical estimates do not support the competitive pricing model, hypothesizing a positive elasticity of supply. OPEC's loss of market share and the drop in the share of oil-based energy should signal an adjustment in pricing and production strategies

Evaluating waterpoint sustainability and access implications of revenue collection approaches in rural Kenya

Science.gov (United States)

Foster, T.; Hope, R.

2017-02-01

Water policies in many sub-Saharan African countries stipulate that rural communities are responsible for self-financing their waterpoint's operation and maintenance. In the absence of policy consensus or evidence on optimal payment models, rural communities adopt a diversity of approaches to revenue collection. This study empirically assesses waterpoint sustainability and access outcomes associated with different revenue collection approaches on the south coast of Kenya. The analysis draws on a unique data set comprising financial records spanning 27 years and 100 communities, operational performance indicators for 200 waterpoints, and water source choices for more than 2000 households. Results suggest communities collecting pay-as-you-fetch fees on a volumetric basis generate higher levels of revenue and experience better operational performance than communities charging flat fees. In both cases, financial flows mirror seasonal rainfall peaks and troughs. These outcomes are tempered by evidence that households are more likely to opt for an unimproved drinking water source when a pay-as-you-fetch system is in place. The findings illuminate a possible tension between financial sustainability and universal access. If the Sustainable Development Goal of "safe water for all" is to become a reality, policymakers and practitioners will need to address this issue and ensure rural water services are both sustainable and inclusive.

Financial sustainability in municipal solid waste management--costs and revenues in Bahir Dar, Ethiopia.

Science.gov (United States)

Lohri, Christian Riuji; Camenzind, Ephraim Joseph; Zurbrügg, Christian

2014-02-01

Providing good solid waste management (SWM) services while also ensuring financial sustainability of the system continues to be a major challenge in cities of developing countries. Bahir Dar in northwestern Ethiopia outsourced municipal waste services to a private waste company in 2008. While this institutional change has led to substantial improvement in the cleanliness of the city, its financial sustainability remains unclear. Is the private company able to generate sufficient revenues from their activities to offset the costs and generate some profit? This paper presents a cost-revenue analysis, based on data from July 2009 to June 2011. The analysis reveals that overall costs in Bahir Dar's SWM system increased significantly during this period, mainly due to rising costs related to waste transportation. On the other hand, there is only one major revenue stream in place: the waste collection fee from households, commercial enterprises and institutions. As the efficiency of fee collection from households is only around 50%, the total amount of revenues are not sufficient to cover the running costs. This results in a substantial yearly deficit. The results of the research therefore show that a more detailed cost structure and cost-revenue analysis of this waste management service is important with appropriate measures, either by the privates sector itself or with the support of the local authorities, in order to enhance cost efficiency and balance the cost-revenues towards cost recovery. Delays in mitigating the evident financial deficit could else endanger the public-private partnership (PPP) and lead to failure of this setup in the medium to long term, thus also endangering the now existing improved and currently reliable service. We present four options on how financial sustainability of the SWM system in Bahir Dar might be enhanced: (i) improved fee collection efficiency by linking the fees of solid waste collection to water supply; (ii) increasing the value

Fiscal sustainability and the State Oil Fund in Azerbaijan

Directory of Open Access Journals (Sweden)

Kenan Aslanli

2015-07-01

Full Text Available Azerbaijan, like many resource-rich countries, decided to set up a sovereign wealth fund in order to avoid income volatility, to achieve intergenerational equity and to transform resource wealth into more productive assets. Azerbaijan established the State Oil Fund of the Azerbaijan Republic (SOFAZ in late 1999 to accumulate income from hydrocarbon exports. SOFAZ has gradually become the leading part of the country's public finance system. Azerbaijan was the first country to fulfill all requirements of the Extractive Industries Transparency Initiative (EITI, an international agreement to implement global standards of transparency in the resource extracting sectors. However, SOFAZ's contribution to an effective resource revenue management and long-run economic development is still questionable: transparency applies only to the income side of Azerbaijan's oil fund while the expenditure side remains opaque. Unlimited and unconditional transfers from SOFAZ to the state budget have threatened fiscal sustainability and the overall macroeconomic equilibrium.

Financial sustainability in municipal solid waste management – Costs and revenues in Bahir Dar, Ethiopia

Energy Technology Data Exchange (ETDEWEB)

Lohri, Christian Riuji, E-mail: christian.lohri@eawag.ch; Camenzind, Ephraim Joseph, E-mail: ephraimcamenzind@hotmail.com; Zurbrügg, Christian, E-mail: christian.zurbruegg@eawag.ch

2014-02-15

Highlights: • Cost-revenue analysis over 2 years revealed insufficient cost-recovery. • Expenses for motorized secondary collection increased by 82% over two years. • Low fee collection rate and reliance on only one revenue stream are problematic. • Different options for cost reduction and enhanced revenue streams are recommended. • Good public–private alliance is crucial to plan and implement improvement measures. - Abstract: Providing good solid waste management (SWM) services while also ensuring financial sustainability of the system continues to be a major challenge in cities of developing countries. Bahir Dar in northwestern Ethiopia outsourced municipal waste services to a private waste company in 2008. While this institutional change has led to substantial improvement in the cleanliness of the city, its financial sustainability remains unclear. Is the private company able to generate sufficient revenues from their activities to offset the costs and generate some profit? This paper presents a cost-revenue analysis, based on data from July 2009 to June 2011. The analysis reveals that overall costs in Bahir Dar’s SWM system increased significantly during this period, mainly due to rising costs related to waste transportation. On the other hand, there is only one major revenue stream in place: the waste collection fee from households, commercial enterprises and institutions. As the efficiency of fee collection from households is only around 50%, the total amount of revenues are not sufficient to cover the running costs. This results in a substantial yearly deficit. The results of the research therefore show that a more detailed cost structure and cost-revenue analysis of this waste management service is important with appropriate measures, either by the privates sector itself or with the support of the local authorities, in order to enhance cost efficiency and balance the cost-revenues towards cost recovery. Delays in mitigating the evident

Financial sustainability in municipal solid waste management – Costs and revenues in Bahir Dar, Ethiopia

International Nuclear Information System (INIS)

Lohri, Christian Riuji; Camenzind, Ephraim Joseph; Zurbrügg, Christian

2014-01-01

Highlights: • Cost-revenue analysis over 2 years revealed insufficient cost-recovery. • Expenses for motorized secondary collection increased by 82% over two years. • Low fee collection rate and reliance on only one revenue stream are problematic. • Different options for cost reduction and enhanced revenue streams are recommended. • Good public–private alliance is crucial to plan and implement improvement measures. - Abstract: Providing good solid waste management (SWM) services while also ensuring financial sustainability of the system continues to be a major challenge in cities of developing countries. Bahir Dar in northwestern Ethiopia outsourced municipal waste services to a private waste company in 2008. While this institutional change has led to substantial improvement in the cleanliness of the city, its financial sustainability remains unclear. Is the private company able to generate sufficient revenues from their activities to offset the costs and generate some profit? This paper presents a cost-revenue analysis, based on data from July 2009 to June 2011. The analysis reveals that overall costs in Bahir Dar’s SWM system increased significantly during this period, mainly due to rising costs related to waste transportation. On the other hand, there is only one major revenue stream in place: the waste collection fee from households, commercial enterprises and institutions. As the efficiency of fee collection from households is only around 50%, the total amount of revenues are not sufficient to cover the running costs. This results in a substantial yearly deficit. The results of the research therefore show that a more detailed cost structure and cost-revenue analysis of this waste management service is important with appropriate measures, either by the privates sector itself or with the support of the local authorities, in order to enhance cost efficiency and balance the cost-revenues towards cost recovery. Delays in mitigating the evident

Resource revenues report

International Nuclear Information System (INIS)

2004-01-01

Preliminary forecasts of resource revenues that may be forthcoming with the lifting of the moratorium on the west coast of British Columbia were presented. The forecasts are based on the development scenarios of one natural gas project in the Hecate Strait, and one oil project in the Queen Charlotte Sound. Both projects were assessed in an effort to demonstrate some of the potential resource revenues and public benefits that may be possible from offshore development in the province. Resource revenues provide the return-on-investments to the resource developer and public benefits in the form of taxes, royalties, lease payments and related fees to all levels of governments. Much of the revenues generated from the British Columbia offshore oil and gas development will accrue as income taxes. A public energy trust offers a way to transform non-renewable resource revenues into a renewable source of wealth for citizens of the province. The report presents estimates of project investment, pipeline capacity limitation, operating costs for offshore platforms, and earnings. It was estimated that about $2.0 billion in public benefits would be generated from combined project revenues of $6.9 billion. Information was obtained from offshore leaseholders as well as pipeline and engineering companies. refs., tabs., figs

Managing volatility: Fiscal policy, debt management and oil revenues in the Republic of Congo

NARCIS (Netherlands)

Budina, N.; van Wijnbergen, S.; Li, Y.

2008-01-01

Assessing fiscal sustainability - i.e. considering whether or not a country can maintain its current fiscal policies without running into solvency problems and possible default - requires projections on a government's future revenue stream, expenditures and contingent liabilities within a

Fiscal sustainability and oil wealth: Managing oil and gas volatility in Azerbaijan

NARCIS (Netherlands)

Budina, N.; van Wijnbergen, S.

2008-01-01

Assessing fiscal sustainability - i.e. considering whether or not a country can maintain its current fiscal policies without running into solvency problems and possible default - requires projections on a government's future revenue stream, expenditures and contingent liabilities within a

Alberta books big revenues in 1996

International Nuclear Information System (INIS)

Curran, R.

1996-01-01

A 17.9 per cent increase over 1995 in oil and gas revenues were reported for Alberta through August 1996. Revenues from crude oil were up 12.6 per cent and from natural gas 30.7 per cent. The level of increase in revenues is expected to hold for the remainder of the year, save for the prospects of Iraq re-entering the market in force. This would cause a steep decline in prices and some panic trading in energy stocks. Nevertheless, producers are well positioned for the year ahead, as capital spending and drilling activity are based on lower price forecasts. Oil production over 1995 was down slightly through August. Light and medium crude production was down 4.5 per cent. Synthetic production fell by 0.8 per cent. Natural gas production will have a record year. Through August output was up 4.6 per cent over 1995, sales were up 19.3 per cent, and exports were ahead by just under one per cent. Natural gas liquids were the biggest revenue booster, increasing by 46.3 per cent over 1995

Real purchasing power of oil revenues for OPEC Member Countries: a broad currency basket and dynamic trade pattern approach

International Nuclear Information System (INIS)

Mazraati, M.

2005-01-01

The purpose of this paper is to examine the real purchasing power of OPEC Member Countries' oil revenues, which are subject to 'the value of the US dollar vis-a-vis other major currencies' and 'world imported inflation'. The exponential weighting average formula with a broad basket of currencies is suggested. The basket of currencies is labelled as a broad currency basket and includes the major trading partners of OPEC Member Countries. The weights are normalized OPEC import shares of the countries of the basket and are updated and adjusted every year to incorporate a gradual change in the trade pattern. In other words, the dynamic trade pattern approach is incorporated in the calculations. The nominal dollar oil revenues of OPEC Member Countries are about $5,099 billion during 1970 to 2004, of which $3,725 bn (73 per cent) have been lost due to imported inflation and the dollar's depreciation. Imported inflation and dollar depreciation have had a respective 78.6 per cent and 21.4 per cent contribution to the losses of the purchasing power of OPEC Member Countries. The imported inflation rate approaches a stable low level, but OPEC still has a lot of concerns on dollar swings. The euro offers opportunities for many oil-exporting nations that have extensive trade relations with Euro-zone countries. Payments for oil exports can be invoked in euros at the prevailing dollar-euro rate on the day of a given contract, or any other trigger formula. This would immunize a major portion of OPEC oil revenues from dollar depreciation. (author)

Gas revenue increasingly significant

International Nuclear Information System (INIS)

Megill, R.E.

1991-01-01

This paper briefly describes the wellhead prices of natural gas compared to crude oil over the past 70 years. Although natural gas prices have never reached price parity with crude oil, the relative value of a gas BTU has been increasing. It is one of the reasons that the total amount of money coming from natural gas wells is becoming more significant. From 1920 to 1955 the revenue at the wellhead for natural gas was only about 10% of the money received by producers. Most of the money needed for exploration, development, and production came from crude oil. At present, however, over 40% of the money from the upstream portion of the petroleum industry is from natural gas. As a result, in a few short years natural gas may become 50% of the money revenues generated from wellhead production facilities

Sustainability Efforts of One Oil Company in Niger Delta of Nigeria

Science.gov (United States)

Anosike, Charles Afam

Environmental degradation and socioeconomic dilemma continue to stigmatize oil production in the Niger Delta of Nigeria. Sustainability programs of oil companies often determine the improvement of living conditions in the region. This explanatory qualitative case study, guided by systems thinking theory and sustainable value framework, explored practitioners' perceptions of sustainability programs to identify its impact on business and the host communities. The research question was designed to address how sustainability efforts of a single oil company in the Niger Delta contributed to the business performance and the livelihood of the local people. Research data were gathered from a sample of 20 experienced sustainability practitioners of the oil company, partnering nonprofit organizations, and community leaders through face-to-face semistructured interviews. Data were segmented and categorized. The data analysis process revealed several themes regarding the challenges and shortfalls of sustainability programs in the region. The oil company's understanding of sustainability as programs and projects focused on preserving resources for future generations was not evident in practice. Findings from the study suggested the need for improved inclusiveness of people in driving sustainability projects. Inclusive sustainability should enhance the oil company's contemplation mechanism to ensure eco-saving thinking and processes, which could result in improved quality of life and business performance in the region. The research findings underscore the need for oil multinational corporations (MNCs) to use a business lens in viewing sustainability to achieve sustainable value.

Palm Oil Milling Wastes and Sustainable Development

OpenAIRE

A. C. Er; Abd. R.M. Nor; Katiman Rostam

2011-01-01

Problem statement: Palm oil milling generates solid wastes, effluent and gaseous emissions. The aim of this study is to assess the progress made in waste management by the Malaysian palm oil milling sector towards the path of sustainable development. Sustainable development is defined as the utilization of renewable resources in harmony with ecological systems. Inclusive in this definition is the transition from low value-added to higher value-added transformation of waste...

SUSTAINABILITY OF SUSTAINABLE PALM OIL: A MARKET INTEGRATION ANALYSIS

Directory of Open Access Journals (Sweden)

Diana Chalil

2016-07-01

Full Text Available Crude Palm Oil (CPO is the biggest consumed vegetable oil in the world. The increase in CPO production raises concern on the environmental impact even outside the producing countries. As a response to this matter, the EU has made a requirement to only import certified CPO (CSPO. India and China, the two biggest importers in the world, are less restrictive to the environmental issues, and their demands are more influenced by CPO price levels. These countries are the main export markets for Indonesia and Malaysia, the two biggest CPO exporters in the world. This research using monthly price data from the Netherlands, Germany, Italy, EU28, India, China, Indonesia and Malaysia. Market integrations are tested with Cointegration Test, Vector Error Correction Model and Seemingly Unrelated Regression. The results show that these markets are integrated, but European countries are unlikely to lead the price movement. Therefore, the concern on sustainable certification from the European countries still slowly spreads to other main importers, resulting in low absorption of CSPO. Keywords: market integration; sustainable palm oil; seemingly unrelated regression; vector Error correction model

It only hurts when you produce : ten years of federal/provincial conflict over oil industry revenue sharing

International Nuclear Information System (INIS)

Smith, D.C.

1998-01-01

This book presents a collection of more than 300 cartoons which were published in 'Oilweek Magazine' between February 1973 and 1983. For the oil industry, this decade represented a time of increased provincial royalties and rising federal taxation. The cartoons depict the ongoing federal-provincial conflict over oil industry revenue sharing. The implication of the title is that while federal and provincial governments each determined the oil industry to be their own golden goose, the goose concluded that future demands for golden eggs would be painful to satisfy. At the time, the cartoons were submitted anonymously, but were well received by 'Oilweek' readers. In 1986, Amoco Regional Petroleum Engineering Supervisor Don Smith, revealed that he was the anonymous artist

India expanding oil/gas E and D, infrastructure

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that India continues to press oil and gas exploration and development and expansion of its petroleum sector infrastructure. One of the key moves is the government's decision to stage a fourth exploration bidding round, its most ambitious to date and one expected to elicit enthusiasm from international oil companies. At the same time, state oil companies Oil and Natural Gas Commission and Oil India Ltd. plan to maintain strong domestic E and D programs. ONGC is seeking more revenue to sustain India's ambitious oil and gas upstream plans. The state company has asked the government for a 50% hike in the price of domestic crude. The government currently pays ONGC and OIL only about $8.84/bbl, a price fixed in 1981. A jump of 50% in the domestic crude price would net ONGC another $1 billion/year in revenues, ONGC Chairman S.L. Khosla the. The government and other state companies also continue efforts to expand gas utilization and markets and match refining plans with market needs

Plucking the Golden Goose: Higher Royalty Rates on the Oil Sands Generate Significant Increases in Government Revenue

Directory of Open Access Journals (Sweden)

Kenneth J. McKenzie

2011-09-01

Full Text Available The Alberta government’s 2009 New Royalty Framework elicited resistance on the part of the energy industry, leading to subsequent reductions in the royalties imposed on natural gas and conventional oil. However, the oil sands sector, subject to different terms, quickly accepted the new arrangement with little complaint, recognizing it as win-win situation for industry and the government. Under the framework, Alberta recoups much more money in royalties — about $1 billion over the two year period of 2009 and 2010 — without impinging significantly on investment in the oil sands. This brief paper demonstrates that by spreading the financial risks and benefits to everyone involved, the new framework proves it’s possible to generate increased revenue without frightening off future investment. The same model could conceivably be applied to the conventional oil and natural gas sectors.

The Sustainability Status of Partnership of Palm Oil Plantations

Directory of Open Access Journals (Sweden)

Wilson Daud

2015-12-01

Full Text Available One of existence determining factor of PBS palm oil is a harmonious relation with communities surroundings, thus the partnership between the palm oil plantation with the farmers surroundings is one of effort which has created the harmonization in palm oil plantation. The objective of the article is to express the sustainability of each pattern of palm oil PBS partnership, and this partnership form gives the sustainability advantages for the farmer and palm oil PBS in Central Kalimantan. The article used quantitative method through the survey approach, primary data and secondary data. The article result there are three main patterns of palm oil plantation partnership in Central Kalimantan, they are MSA, KKPA, and IGA. IGA has value as a form which has degree of continuing that higher than MSA and KKPA, thus make IGA can be the reference in frame of PBS palm oil partnership in Central Kalimantan with keeping the superiority and improving the weaknesses.

HIE sustainability secrets. NeHC report shares HIE success stories of alternate revenue streams and payer buy-in.

Science.gov (United States)

Prestigiacomo, Jennifer

2011-11-01

Getting effective stakeholder engagement, including that of payers, and creating innovative value-added services that provide alternate revenue streams beyond basic subscription services, are just a couple of the common traits of the flourishing health information exchanges profiled in the sustainability report released in August by the National eHealth Collaborative.

An Evaluation of Holistic Sustainability Assessment Framework for Palm Oil Production in Malaysia

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Chye Ing Lim

2015-12-01

Full Text Available Palm oil based biodiesel offers an alternative energy source that can reduce current dependence on conventional fossil fuels and may reduce greenhouse gas (GHG emissions depending on the type of feedstock and processes used. In the Malaysian context, the palm oil industry not only provides high-yield, renewable feedstock to the world, it brings socio-economic development to the Malaysian rural community and contributes to the national income. However, the sustainability of palm oil remains controversial, due to deforestation, pollution and social conflicts associated with its production. Sustainability assessment is vital for the palm oil industry to identify weaknesses, improve its sustainability performance and improve consumer confidence. This paper proposes a holistic sustainability assessment framework for palm oil production with the aim to address the weaknesses of existing palm oil sustainability assessment methods. It identifies environmental, social and economic Headline Performance Indicators, Key Performance Indicators and their Performance Measures in crude palm oil production in a structured framework. Each quantitative/semi-quantitative performance measure is translated into Likert Scale of 1–5, where 3 is the threshold value, 5 is the ideal condition, and 1 is the worst case scenario. Calculation methods were established for the framework to provide quantitative assessment results. The framework was tested using a hypothetical example with data from existing studies. The results suggest that crude palm oil production in Malaysia is below the sustainability threshold. Evaluations of this sustainability assessment framework also demonstrate that it is a comprehensive assessment method for assessing sustainability of feedstock for biofuel production.

Resource revenue management and wealth neutrality in Norway

International Nuclear Information System (INIS)

Mohn, Klaus

2016-01-01

An important idea behind the Norwegian oil fund mechanism and the fiscal spending rule is to protect the non-oil economy from the adverse effects of excessive spending of resource revenues over the Government budget. A critical assumption in this respect is that public sector saving is not being offset by private sector dis-saving, which is at stake with the hypothesis of Ricardian equivalence. Based on a framework of co-integrating saving rates, this model provides an empirical test of the Ricardian equivalence hypothesis on Norwegian time series data. Although the model rejects the strong-form presence of Ricardian equivalence, results indicate that the Norwegian approach does not fully succeed in separating spending of resource revenues from the accrual of the same revenues. - Highlights: •A review of resource revenue management in Norway is presented. •A model of Ricardian equivalence is formulated for a resource-rich economy. •Econometric results are provided for LT equilibrium ST dynamics. •Results suggest modest substitution between government and household saving.

Federal Offshore Statistics, 1993. Leasing, exploration, production, and revenue as of December 31, 1993

Energy Technology Data Exchange (ETDEWEB)

Francois, D.K.

1994-12-31

This document contains statistical data on the following: federal offshore lands; offshore leasing activity and status; offshore development activity; offshore production of crude oil and natural gas; federal offshore oil and natural gas sales volume and royalties; revenue from federal offshore leases; disbursement of federal offshore revenue; reserves and resource estimates of offshore oil and natural gas; oil pollution in US and international waters; and international activities and marine minerals. A glossary is included.

Achieving Revenue Benchmarks Conditional on Growth Properties

Directory of Open Access Journals (Sweden)

Dong Hyun Son

2017-05-01

Full Text Available This study examines whether certain firm characteristics, specifically growth properties, are associated with the likelihood of achieving market expectations for revenues, as well as which mechanism (revenue manipulation or expectation management growth firms utilize in order to avoid missing these expectations. The results show that growth firms are more likely to meet or exceed analyst revenue forecasts than non-growth firms. We also find that growth firms are more inclined to manipulate their reported revenues upwards, and less inclined to guide market expectations for revenues downward, in order to meet or beat expected revenues relative to non-growth firms. These findings suggest that window-dressing activities by growth firms may not be sustainable in the long-run and can misguide users of financial statements in their decision-making.

Determination of Indonesian palm-oil-based bioenergy sustainability indicators using fuzzy inference system

Science.gov (United States)

Arkeman, Y.; Rizkyanti, R. A.; Hambali, E.

2017-05-01

Development of Indonesian palm-oil-based bioenergy faces an international challenge regarding to sustainability issue, indicated by the establishment of standards on sustainable bioenergy. Currently, Indonesia has sustainability standards limited to palm-oil cultivation, while other standards are lacking appropriateness for Indonesian palm-oil-based bioenergy sustainability regarding to real condition in Indonesia. Thus, Indonesia requires sustainability indicators for Indonesian palm-oil-based bioenergy to gain recognition and easiness in marketing it. Determination of sustainability indicators was accomplished through three stages, which were preliminary analysis, indicator assessment (using fuzzy inference system), and system validation. Global Bioenergy partnership (GBEP) was used as the standard for the assessment because of its general for use, internationally accepted, and it contained balanced proportion between environment, economic, and social aspects. Result showed that the number of sustainability indicators using FIS method are 21 indicators. The system developed has an accuracy of 85%.

Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from Azerbaijan

Directory of Open Access Journals (Sweden)

Akif Musayev

2017-01-01

Full Text Available Forecasting tax revenues is an important issue in budget planning. As a resource rich country, Azerbaijan’s budget revenues is severely depend on oil price and production levels. This study investigates oil sector dependency of state budget tax revenues in case of Azerbaijan by employing FMOLS, DOLS and CCR cointegration methods for the period of 2000Q1 – 2015Q2. Empirical results indicate statistically and economically significant positive long‑run impact of both oil related factors on tax revenues. Considering current fiscal challenges in the country, research findings are very useful for policy purposes and fills the gap in the literature by drawing mechanism of the association and estimating the relationship empirically.

ECOLOGY SAFETY TECHNOLOGIES OF UNCONVENTIONAL OIL RESERVES RECOVERY FOR SUSTAINABLE OIL AND GAS INDUSTRY DEVELOPMENT

Directory of Open Access Journals (Sweden)

Viacheslav Zyrin

2016-09-01

Full Text Available The problem of effective technology for heavy oil recovery nowadays has a great importance, because of worsening geological conditions of the developed deposits, decreasing recovery factor, increasing the part of heavy oil. For the future sustainable development of oil producing industry the involved technologies must require energy effectiveness and ecological safety. The paper proves the enhanced oil recovery methods necessity for heavy oil deposits, highlighted thermal technologies as the most effective. But traditional thermal treatment technologies is a source of air pollutant emission, such as CO, NO etc. The calculation of emissions for traditional steam generator is provided. Besides, the paper shows the effectiveness of electrical enhanced oil recovery methods. The advantages of associated gas as a fuel for cogeneration plants is shown. The main approaches to implementation of carbon dioxide sequestration technologies in the oil and gas industry of Russia are defined. Conceptual view of СО2-EOR technologies potential within the context of sustainable development of oil and gas industry are presented. On the basis of the conducted research a number of scientific research and practical areas of the CCS technology development are revealed.

The development process and its relation to oil revenues and dependence on imported labor market in Saudi Arabia

International Nuclear Information System (INIS)

Almtairi, N.M.

1991-01-01

This study describes and analyzes the process of development in Saudi Arabia in relation to oil revenues and Saudi Arabian dependence on imported foreign labor. Modern development and societal change in Saudi Arabia began with the commercial exploitation of oil in 1939, therefore Saudi economy must be viewed from a dual perspective: a highly capital-intensive oil sector and a labor-intensive non-oil sector. In one generation the Kingdom created an infrastructure suitable to a rapid transformation from Bedouin tribes to a modern state, which became a leading regional power and now occupies an important place in international society. Important advances were made in social services, health services and education at all levels. Large-scale importation of foreign labor workers during the 1970s and early 1980s was necessary for the Development Plans. By the 1990s the major infrastructure was completed and only the maintenance work and minor projects remained for foreign labor sources

The other side of oil dependence

International Nuclear Information System (INIS)

Mitchell, John V.

2006-01-01

Policy makers in oil-importing countries express concern about political instability in exporting countries, and their willingness to invest for future exports. In fact, the petroleum exporting countries are more dependent on oil trade than the importing countries, and can be expected to invest to support this trade. They depend on growing foreign currency earnings and government revenue to sustain their economic growth and face difficult adjustments when, in the future, petroleum production ceases to grow. Failure to invest in the petroleum sector would accelerate their difficulties, but they also need to develop an export-oriented, tax generating growth outside petroleum

Evaluating the effectiveness of palm oil certification in delivering multiple sustainability objectives

Science.gov (United States)

Morgans, Courtney L.; Meijaard, Erik; Santika, Truly; Law, Elizabeth; Budiharta, Sugeng; Ancrenaz, Marc; Wilson, Kerrie A.

2018-06-01

Industrial oil palm plantations in South East Asia have caused significant biodiversity losses and perverse social outcomes. To address concerns over plantation practices and in an attempt to improve sustainability through market mechanisms, civil society organisations and industry representatives developed the Roundtable on Sustainable Palm Oil (RSPO) in 2004. The effectiveness of RSPO in improving the sustainability of the palm oil industry is frequently debated and to date, few quantitative analyses have been undertaken to assess how successful RSPO has been in delivering the social, economic and environmental sustainability outcomes it aims to address. With the palm oil industry continuing to expand in South East Asia and significant estates being planted in Africa and South America, this paper evaluates the effectiveness of RSPO plantations compared to non-certified plantations by assessing the relative performance of several key sustainability metrics compared to business as usual practices. Using Indonesian Borneo (Kalimantan) as a case study, a novel dataset of RSPO concessions was developed and causal analysis methodologies employed to evaluate the environmental, social and economic sustainability of the industry. No significant difference was found between certified and non-certified plantations for any of the sustainability metrics investigated, however positive economic trends including greater fresh fruit bunch yields were revealed. To achieve intended outcomes, RSPO principles and criteria are in need of substantial improvement and rigorous enforcement.

Manitoba oil activity review, 1996

International Nuclear Information System (INIS)

1997-01-01

This report is the annual review of Manitoba Crown oil and gas dispositions, mineral owner leasing and revenue, geophysical and drilling activity, areas of activity, oil production and markets, oil prices, value of production, provincial revenue from oil production, surface owners, spills and reclamation, municipal taxes, the Manitoba Drilling Incentive Program, oil reserves, oil industry expenditures, and industry employment. Highlights of the current year are included

Manitoba oil activity review, 1997

International Nuclear Information System (INIS)

1998-01-01

Annual review is presented of Manitoba Crown oil and gas dispositions, mineral owner leasing and revenue, geophysical and drilling activity, areas of activity, oil production and markets, oil prices, value of production, provincial revenue from oil production, surface owners, spills and reclamation, municipal taxes, the Manitoba Drilling Incentive Program, oil reserves, oil industry expenditures, and industry employment. Highlights of the current year are included

Manitoba oil activity review, 1995

International Nuclear Information System (INIS)

1996-01-01

This report is the annual review of Manitoba Crown oil and gas dispositions, mineral owner leasing and revenue, geophysical and drilling activity, areas of activity, oil production and markets, oil prices, value of production, provincial revenue from oil production, surface owners, spills and reclamation, municipal taxes, the Manitoba Drilling Incentive Program, oil reserves, oil industry expenditures, and industry employment. Highlights of the current year are included

"How to" of fiscal sustainability in oil-rich countries: the case of Azerbaijan

NARCIS (Netherlands)

Bandiera, L.; Budina, N.; van Wijnbergen, S.

2008-01-01

Assessing fiscal sustainability - i.e. considering whether or not a country can maintain its current fiscal policies without running into solvency problems and possible default - requires projections on a government’s future revenue stream, expenditures and contingent liabilities within a

Quantifying the external cost of oil consumption within the context of sustainable development

International Nuclear Information System (INIS)

Abdel Sabour, S.A.

2005-01-01

The concept of sustainability implies that the flow of services derived from the use of natural capital must be constant over time and should be obtained at a constant price. For a depletable resource such as oil, the future generations are highly impacted due to the consumption behavior of the current generation. Since the ultimate oil stock within the Earth declines with cumulative consumption, excessive consumption of oil now reduces the availability of oil for future needs. Moreover, since oil reserves are normally extracted in the order of ascending cost and descending quality, excessive consumption of relatively high-quality, cheap oil reserves by the current generation raises the cost at which future generations can meet their needs of oil and hence imposes an external cost on the future generations. This study aims to quantify the external cost of consuming a barrel of oil within the context of sustainable development. An option-pricing model is developed to quantify this external cost assuming that the external cost of consuming a barrel of oil now equals the value of the option to get a barrel of oil in the future at the same current cost. Then, the total cost of consuming a barrel of oil now, that should be used in lifecycle costing to design more sustainable products, is the summation of the oil price and the external cost

Questioning the sustainable palm oil demand: case study from French-Indonesia supply chain

Science.gov (United States)

Chalil, D.; Barus, R.

2018-02-01

Sustainable palm oil has been widely debated. Consuming countries insist certified sustainable produces palm oil, but in fact the absorption of the certified palm oil is still less than 60%. This raise questions about the sustainable palm oil demand. In this study, such a condition will be analysed in French-Indonesia supply chain case. Using monthly and quarterly data from 2010 to 2016 with Autoregressive Distributed Lag (ARDL) approach and Error Correction Model, demand influencing factors and price integration in each market of the supply chain is estimated. Two scenarios namely re-export and direct export models are considered in the Error Correction Model. The results show that France Gross Domestic Product, prices of France palm oil import from Indonesia, Malaysia, and Germany, and price of France groundnut import significantly influence the France palm oil import volume from Indonesia. Prices in each market along palm oil re-export France-Indonesia supply chain are co-integrated and converge towards long-run equilibrium, but not in the direct export supply chain. This leads to a conclusion that France market preferences in specific and EU market preferences in general need to be considered by Indonesian palm oil decision makers.

Tap Dancing Around Sustainability:The Case of Palm Oil Key Stakeholders

OpenAIRE

Sulaiman, Abdul Muis

2016-01-01

The Swedish Initiative on Sustainable Palm Oil in food and cosmetic and detergent industries hasemerged in 2014 following other EU national initiatives. This thesis project aims to explore thecondition of the initiative by examining who the key important stakeholders are and how these palmoil key stakeholders in Swedish market develop and implement their Sustainable Palm OilInitiatives. A qualitative approach using case study technique is used to guide the study andsupported by a combination ...

SUSTAINABILITY OF TAX SYSTEM IN ROMANIA

Directory of Open Access Journals (Sweden)

Ana Patricia HOMORODEAN (CSATLOS

2014-11-01

Full Text Available In the context of globalization, sustainable development is the key to the development of contemporary society and future generations. Sustainability has become a key point for the debates in the political, economic, and academic environment. Therefore, today wehave reached the point when we speak of a country or company sustainability, of environmentalor agricultural sustainability, while speaking,at the same time, of fiscal policy sustainability. The purpose of this paper is to analyze the Romanian fiscal policy sustainability in terms of tax revenues. The methodology used in this research is bibliographical analysis of specialist literature and statistical analysis of data. Bibliographical analysis was used to define operating concepts: fiscal sustainability and tax revenues. Statistical analysis was used to analyze the evolution of tax revenues in Romania between2005and2013, as well as the share of tax revenues in the general consolidated budget of Romania. Statistical data were processed using Microsoft Excel and presented as evolution diagrams. The novelty and originality of the present work consist in the bibliographical study on Romanian fiscal policy sustainability, the statistical study on the evolution of tax revenues in Romania between 2005and2013, and the analysisof fiscal policy sustainability in Romania in terms of tax revenues.

Mind the Gap: Dealing with Resource Revenue in Three Provinces

Directory of Open Access Journals (Sweden)

Ronald D. Kneebone

2015-04-01

Full Text Available Alberta, Saskatchewan, Newfoundland and Labrador have each enjoyed a “rags to riches” story. Each of these provinces entered Confederation as poor cousins relative to the rest of the country; Alberta and Saskatchewan in 1905 and Newfoundland and Labrador in 1949. Rather remarkably, almost exactly four decades after entering Confederation each province began to enjoy the strong economic growth resulting from the development of their natural resources; Alberta and Saskatchewan in the late 1940s with the discovery of large pools of oil and Newfoundland and Labrador in the early 1990s with the development of off-shore oil. The governments of these provinces have similarly enjoyed the benefits of large amounts of revenue realized from the sale of these natural resources. In 2013-14, resource revenues accounted for 21 per cent, 22 per cent and 32 per cent of provincial revenues in Alberta, Saskatchewan, Newfoundland and Labrador, respectively. Unfortunately, the benefit of receiving large amounts of resource revenue must be weighed against two costs. The first is that these revenues, having flowed into provincial coffers without the need to impose high tax rates on citizens, are easily spent. The second cost is that the prices of resources are determined in international markets and so a significant amount of the revenues of these provinces is largely unpredictable and often volatile. All three provinces have fallen prey to the temptation to allow a large fiscal gap to open between the costs of providing health care, education, social assistance and other areas of provincial responsibility and the taxes imposed on citizens to pay for these services. Doing so has put all three provinces at financial risk should resource prices fall. Using a newly constructed data set spanning the period 1970 to 2014, I review the history of how Alberta and Saskatchewan have dealt with commodity price shocks and what this has meant for provincial finances. With that

Palm oil - towards a sustainable future? : Challanges and opportunites for the Swedish food industry

OpenAIRE

Nilsson, Sara

2013-01-01

The food industry faces problems relating to the sustainability of palm oil as a food commodity. These problem areas include social, environmental, economic and health issues. The food industry also competes with increasing palm oil demands from the energy sector. This case study identifies and analyzes different perspectives regarding sustainable palm oil as a food commodity in Sweden through interviews with palm oil experts in different businesses and organizations. This study focuses on ho...

India’s Revenue Deficit: A Challenge Ahead

OpenAIRE

Sivakumar, Marimuthu; Venkatesh, K; Ayyasamy, M

2001-01-01

A developing country like India needs revenue surplus for the capital investment at the same time to pursue the economic development through demand expansion it needs expenditure especially in the social sectors such as health, education etc,. The recent global economic crisis also compels India to induce the expenditure for sustainability of the growth that it has achieved recently. This also needs enormous expenditure. On the other hand, current expenditure over current revenue of an econom...

Biodiesel from Mustard oil: a Sustainable Engine Fuel Substitute for Bangladesh

Directory of Open Access Journals (Sweden)

M.M. Alam

2013-10-01

Full Text Available Various attractive features of mustard oil based biodiesel as a potential substitute for engine fuel are investigated in this paper for use in Bangladesh. Although the use of mustard oil as edible oil has been reduced, Bangladesh still produces 0.22 million metric tons of mustard oil per year. This surplus mustard oil would satisfactorily be used as an alternative to diesel fuel, and thus could contribute in reducing the expenses for importing fuel from foreign countries. Moreover, the rural people of Bangladesh are capable of producing mustard oil themselves using indigenous machines. Fuel properties of biodiesel obtained from mustard oil were determined in the laboratory using standard procedure and an experimental setup was constructed to study the performance of a small diesel engine. It is observed that with biodiesel, the engine is capable of running without difficulty. Initially different lower blends of biodiesel (e.g., B20, B30 etc. have been used to avoid complicated modification of the engine and the fuel supply system. It is also found in some condition that mustard oil based biodiesel have better properties than those made from other vegetable oils. These properties of mustard oil based biodiesel were evaluated to validate its sustainability in Bangladesh. Keywords: biodiesel, indigenous machines, mustard oil, renewable energy policy, sustainability

Esso Imperial Oil annual report to shareholders 2003 : sustaining growth in shareholder value

International Nuclear Information System (INIS)

2004-01-01

Financial information from Esso Imperial Oil, one of Canada's largest producers of crude oil and natural gas, was presented and a review of their 2003 operations was made available for the benefit of shareholders. In 2003, the total return on Imperial shares including capital appreciation and dividends was more than 30 per cent (TSX), and about 58 per cent (AMEX). In the past decade, the total return on Imperial's shares has averaged more than 18 per cent per year. Dividend payments have been paid every year for more than a century, and regular dividend payments have increased in each of the past 9 years. Since 1995, nearly 220 million shares have been purchased, reducing the number of outstanding shares by 38 per cent, representing a total distribution to shareholders of about $6 billion over this period. Major projects in natural resources have included expansion at Syncrude, increased production at Cold Lake, progress in the project to develop natural gas resources in the Mackenzie Delta, and plans to develop Kearl oil sands properties near Fort McMurray, Alberta. There were also promising exploration opportunities off Canada's east coast. Employee safety performance in 2003 was the best on record. This report summarized the company's energy resource activities and presented an operations review as well as consolidated financial statements, and common share information. This included the accounts of Imperial Oil Inc. and its subsidiaries and the company's proportionate share of the assets, liabilities, revenues, expenses and cash flows of joint ventures. Revenue and expenditure statements were summarized by source. tabs., figs

Taxation, revenue allocation and fiscal federalism in Nigeria: Issues, challenges and policy options

Directory of Open Access Journals (Sweden)

Salami Adeleke

2011-01-01

Full Text Available Taxation is one of the most important and easy sources of revenue to any government, as the government possesses inherent power to impose taxes and levies. Nigeria tax system has been weak due largely to inadequate data of the tax base and heavy reliance on oil revenue. With the volatility in oil prices and excruciating impacts of the recent global financial crisis, taxation deserves more attention now than ever before in Nigeria. One issue that is critical to domestic resource mobilization and utilization is the issue of fiscal federalism. Nigeria operates three tiers of government; Federal, State and Local Governments with separate revenue, expenditure, and assigned responsibilities each. However, all decisions including resources are controlled from the centre and the vertical revenue allocations tilt more towards the direction of federal government, contrary to the tenets of federalism the country is practicing. Both vertical and horizontal revenue in Nigeria is engulfed in controversy. The paper presents key issues, trend and challenges of taxation and fiscal federalism in Nigeria. In addition, the paper highlights a number of suggestions that would stimulate increase in tax revenue and guarantee fiscal assignment acceptable to the federal and sub-national government.

Sistem Supply Chain Crude-Palm-Oil Indonesia dengan Mempertimbangkan Aspek Economical Revenue, Social Welfare dan Environment

Directory of Open Access Journals (Sweden)

Kuncoro Harto Widodo

2010-01-01

Full Text Available Crude-Palm-Oil (CPO is an agro-industrial commodity which has a strategic value to be developed for Indonesian economy and social welfare. Production and export of Indonesian CPO increase progressively in the view years so that CPO is one of the pre-eminent products of Indonesia. On the other hand, however, they could give two negative impacts. First, a less CPO supply for domestic market as a result of export growing. Second, a worse environment as an effect of the opening new palm plantations. We, therefore, construct and simulate the system model for analyzing the relationships between the components and for describing their behaviour within the supply chain of CPO by using a dynamic model. The result shows that in the next 30 years, the revenue of Indonesian CPO industries tends to increase. The biggest revenue will be achieved in the year 23rd. The maximum addition of plantation employees is in the year 7th as well as in the year 17th. Deforestation would be the highest in the year 7th and 17th in which 2008 as a basic year.

Towards sustainability in offshore oil and gas operations

Science.gov (United States)

Khan, M. Ibrahim

acceptable, economically profitable and socially responsible. This dissertation discusses the framework of true 'sustainability' for practically all aspects oil and gas operations and nature-based resource operations. Sustainability of existing offshore oil and gas operations techniques are analyzed and new nature-based technologies are proposed. Also evaluated are the fate and effect, environmental impact, risk factors, and the green supply chain in the case of seismic, drilling, production and decommissioning of oil operations. It is demonstrated with detailed examples that using the new approach will be economically more beneficial than the conventional approach, even in the short-term. The dissertation also examines the present status of petroleum operations with respect to waste generation, improper resource management, and the usage of toxic compounds in the overall lifecycle. To achieve true sustainability, some innovative models and technologies are presented. They include achievement of zero emissions, zero waste of resources, zero waste in activities, zero use of toxics, and zero waste in product life-cycle. This dissertation also discusses the environmental and technological problems of the petroleum sector and provides guidelines to achieve overall sustainability in oil company activities. Finally, this dissertation shows that inherent sustainability can be achieved by the involvement of community participation. The new screening tool proposed in this dissertation provides proper guidelines to achieve true sustainability in the technology development and other resource development operations.

Economic Exposure to Oil Price Shocks and the Fragility of Oil-Exporting Countries

Directory of Open Access Journals (Sweden)

Toon Vandyck

2018-04-01

Full Text Available From a price range between 100 and 120 USD (U.S. dollars per barrel in 2011–2014, the crude oil price fell from mid-2014 onwards, reaching a level of 26 USD per barrel in January 2016. Here we assess the economic consequences of this strong decrease in the oil price. A retrospective analysis based on data of the past 25 years sheds light on the vulnerability of oil-producing regions to the oil price volatility. Gross domestic product (GDP and government revenues in many Gulf countries exhibit a strong dependence on oil, while more diversified economies improve resilience to oil price shocks. The lack of a sovereign wealth fund, in combination with limited oil reserves, makes parts of Sub-Saharan Africa particularly vulnerable to sustained periods of low oil prices. Next, we estimate the macroeconomic impacts of a 60% oil price drop for all regions in the world. A numerical simulation yields a global GDP increase of roughly 1% and illustrates how the regional impact on GDP relates to oil export dependence. Finally, we reflect on the broader implications (such as migration flows of macroeconomic responses to oil prices and look ahead to the challenge of structural change in a world committed to limiting global warming.

Sustainable Palm Oil Production For Bioenergy Supply Chain

OpenAIRE

Ng, Wai Kiat

2009-01-01

A bioenergy supply chain is formed by many parts which from the raw material, biomass feedstock until the distribution and utilisation. The upstream activity is always managed in a sustainable way in order to be capable enough to support the downstream activity. In this dissertation, the sustainable production of palm oil is focused and researched through problem identification and solving by using the operation management perspective and practices. At first, the global biomass industry is st...

Impact of sustained low oil prices on China's oil & gas industry system and coping strategies

Directory of Open Access Journals (Sweden)

Jianjun Chen

2016-05-01

Full Text Available The global sustained low oil prices have a significant impact on China's oil and gas industry system and the national energy security. This paper aims to find solutions in order to guarantee the smooth development of China's oil and gas industry system and its survival in such a severe environment. First, the origins of sustained low oil prices were analyzed. Then, based on those published data from IEA, government and some other authorities, this study focused on the development status, energy policies and the future developing trend of those main oil & gas producing countries. Investigations show that the low-price running is primarily contributed to the so-called oil and gas policies in the USA. It is predicted that national petroleum consumption will reach up to 6.0 × 108 t (oil & 3300 × 108 m3 (gas in 2020 and 6.8 × 108 t (oil & 5200 × 108 m3 (gas in 2030. For reducing the dependence on foreign oil and gas, the investment in the upstream of oil and gas industry should be maintained and scientific research should be intensified to ensure the smooth operation of the oil and gas production system. Considering China's national energy security strategy, the following suggestions were proposed herein. First, ensure that in China the yearly oil output reaches 2 × 108 t, while natural gas yield will be expected to be up to 2700 × 108 m3 in 2030, both of which should become the “bottom line” in the long term. Second, focus on the planning of upstream business with insistence on risk exploration investment, scientific and technological innovation and pilot area construction especially for low-permeability tight oil & gas, shale oil & gas reservoir development techniques. Third, encourage the in-depth reform and further growth especially in the three major state-owned oil & gas companies under adverse situations, and create more companies competent to offer overseas technical services by taking the opportunity of the �

30 CFR 201.100 - Responsibilities of the Associate Director for Minerals Revenue Management.

Science.gov (United States)

2010-07-01

... 30 Mineral Resources 2 2010-07-01 2010-07-01 false Responsibilities of the Associate Director for Minerals Revenue Management. 201.100 Section 201.100 Mineral Resources MINERALS MANAGEMENT SERVICE, DEPARTMENT OF THE INTERIOR MINERALS REVENUE MANAGEMENT GENERAL Oil and Gas, Onshore § 201.100...

Effect of oil palm sustainability certification on deforestation and fire in Indonesia.

Science.gov (United States)

Carlson, Kimberly M; Heilmayr, Robert; Gibbs, Holly K; Noojipady, Praveen; Burns, David N; Morton, Douglas C; Walker, Nathalie F; Paoli, Gary D; Kremen, Claire

2018-01-02

Many major corporations and countries have made commitments to purchase or produce only "sustainable" palm oil, a commodity responsible for substantial tropical forest loss. Sustainability certification is the tool most used to fulfill these procurement policies, and around 20% of global palm oil production was certified by the Roundtable on Sustainable Palm Oil (RSPO) in 2017. However, the effect of certification on deforestation in oil palm plantations remains unclear. Here, we use a comprehensive dataset of RSPO-certified and noncertified oil palm plantations (∼188,000 km 2 ) in Indonesia, the leading producer of palm oil, as well as annual remotely sensed metrics of tree cover loss and fire occurrence, to evaluate the impact of certification on deforestation and fire from 2001 to 2015. While forest loss and fire continued after RSPO certification, certified palm oil was associated with reduced deforestation. Certification lowered deforestation by 33% from a counterfactual of 9.8 to 6.6% y -1 Nevertheless, most plantations contained little residual forest when they received certification. As a result, by 2015, certified areas held less than 1% of forests remaining within Indonesian oil palm plantations. Moreover, certification had no causal impact on forest loss in peatlands or active fire detection rates. Broader adoption of certification in forested regions, strict requirements to avoid all peat, and routine monitoring of clearly defined forest cover loss in certified and RSPO member-held plantations appear necessary if the RSPO is to yield conservation and climate benefits from reductions in tropical deforestation. Copyright © 2017 the Author(s). Published by PNAS.

Positive and Negative Impacts of Oil Palm Expansion in Indonesia and the Prospect to Achieve Sustainable Palm Oil

Science.gov (United States)

Shahputra, M. A.; Zen, Z.

2018-02-01

The aim of the study is to deepen understanding the role of palm oil on Indonesian economy, poverty elevation and to investigate the positive and negative impacts of oil palm expansion, due to the burden of GHG emissions; and prospect to be more sustainable palm oil industry. The statistics show that average rural poverty tends to be lower and Gross Regional Product tends to be higher in provinces which have greater levels of oil palm cultivation. Indonesian oil palm will grow from 10.6 in 2013 to 13.7 million ha by 2020. This will release 135.59 million tons of CO2 if nothing is done to mitigate BAU emissions. Unless there are sustained efforts to redirect development and expansion of oil palm, plantation growth will continue to encroach on intact forest and peat land.. In fact Indonesia has large areas of degraded land, an estimated total 19,144,000 ha is available for planting oil palm and other crops. A large-scale expansion program driven by estate companies needs to be accompanied by effective smallholder development program in order to achieve the best outcome for local farmers and avoid the conflicts.

Sustainable development and the oil and gas industry. A tense relationship?

Energy Technology Data Exchange (ETDEWEB)

Harkink, E.

2003-12-01

The behaviour of a multinational company stems from strategic considerations. With the globalisation of our economy and society as a whole, information became easier retrievable. Companies had to expand their organisational scope. Consequently, the pressure on companies to act responsibly mounted over the years. Companies have gradually come to realise that they have to fulfil a societal duty and started a slow move towards sustainability. This pressure is particularly high on the international oil and gas companies that provide the whole world with energy. Corporate sustainable development can only be realised when every organisational activity takes notice of the demands of the concept. To comply with these demands a company needs to meet the needs of the present generation without compromising the ability of future generations to meet theirs. Sustainable development requires a company to take its economic, environmental and social responsibilities seriously. This paper assesses the attitude of 26 international oil and gas companies with respect to sustainable development. For this purpose, an attitude test model was developed that qualifies the companies' level of sustainability along 5 predefined levels. Increased sustainability is related to better care for the companies' impact. The companies' annual reports of the year 2000 were used as main source of information. On average the industry reached an overall sustainability score of 2.84. This score represents an attitude that goes beyond compliance, but has not yet reached the level of pro-activeness. The companies' attitude towards the environment is worse, with an average score of 2.56. Most companies do not take it much further than is needed to secure their licence to operate. In comparison, West-European companies have the best attitude towards sustainable development, followed by Canada, America, Australia and Russia. The influence of home country characteristics is statistically

CAUSALITY BETWEEN TAX REVENUE AND GOVERNMENT SPENDING IN MALAYSIA

OpenAIRE

Roshaiza Taha; Nanthakumar Loganathan

2008-01-01

The trend of tax collection in Malaysia is inconsistent, changing upward and downward depending upon economic conditions. However, over a 30 year period, most years show an increasing increment in total collection. The exceptions are when there is an abnormal economic condition such as financial crisis, war or increase in world oil prices. Total tax revenue has always been a major contribution to Malaysia’s federal government revenue. Income tax is one of the surest ways to fund the governm...

Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries; The Case of Cameroon

OpenAIRE

Issouf Samaké; Priscilla S Muthoora; Bruno Versailles

2013-01-01

This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as the non-oil primary deficit and public debt. Policy scenarios show that Cameroon’s large infrastructural needs and relatively low current debt levels could justify a temporary deviation from traditional ...

Economic sustainability of palm oil plantations among smallholders ...

African Journals Online (AJOL)

This study examines the economic sustainability indicators of oil palm smallholders in Lahad Datu, Sabah. A survey based on a set of questionnaires with 58 smallholder respondents were carried out. The findings indicated that majority smallholders have income above the poverty income level,, The income earned by the ...

Federal offshore statistics: 1995 - leasing, exploration, production, and revenue as of December 31, 1995

International Nuclear Information System (INIS)

Gaechter, R.A.

1997-01-01

This report provides data on federal offshore operations for 1995. Information is included for leasing activities, development, petroleum and natural gas production, sales and royalties, revenue from federal offshore leasing, disbursement of federal revenues, reserves and resource estimates, and oil pollution in U.S. and international waters

Plastics - the sustainable way to use Oil and Gas

Energy Technology Data Exchange (ETDEWEB)

Siebourg, Wolfgang

2009-07-01

Conclusions (drawn by the author): Plastics are a sustainable use of oil and gas - Plastic products enable significant savings of energy and GHG emissions particularly in the use phase; - Plastic products help use resources in the most efficient way. Restricting plastics relative growth would result in increased energy consumption. Diversion from landfill would increase resource efficiency. Waste-to-Energy is an additional resource and is complementary to mechanical recycling. Plastics producers and the Oil and Gas industry should cooperate to produce reliable consumption data. Oil and Gas industry should develop and maintain European (world) eco-profiles (cradle to gate) for their respective industry. (author)

A Recovery Program for Alberta: A 10-Year Plan to End the Addiction to Resource Revenues

Directory of Open Access Journals (Sweden)

Ronald D. Kneebone

2013-03-01

Full Text Available Alberta has a substance-abuse problem. The substance is fossil fuels, and the province has become hooked on the revenues from oil and gas sales to fund its spending on health, education and social services. As we are so often told, the first step in beating an addiction is admitting that a compulsion has gotten out of control. Recent announcements suggest that Alberta’s leaders appear to have finally taken that first crucial step. We applaud them for doing so. But if they plan to get this addiction under control and so ward off the sort of financial turmoil that has tormented Alberta in the past, they will have to do more. In this note we provide a menu of policy choices all of which take the government to a sustainable budget by 2023. They all involve reductions in what we identify as the government’s Budget Gap — that is, the difference between its spending and all its revenue besides the revenue it earns from nonrenewable resources. The size of that gap summarizes just how much provincial government spending on health care, education and social services is at the mercy of commodity-market swings. If current trajectories of government spending continue, then in another 10 years the gap will be nearly 4 times what it was in 1999. Reducing the size of the Budget Gap is necessary to protect Albertans from repeatedly suffering wide swings in levels of public service, shifting tax rates and plunges into deficit and debt. We identify a variety of ways to achieve fiscal sustainability over 10 years. Our investigation highlights two key results. First, provincial spending on health care currently comprises 40 per cent of provincial expenditures and is growing at a rate that causes it to double every 20 years. Exempting health care spending from cuts comes at the price of draconian cuts to education and social services of over 30% even after adjusting for inflation and population growth. It is therefore hard to fathom that constraints on health

The Implementation of Principles of Sustainable Development in Ukrainian Oil and Fat Enterprises

Directory of Open Access Journals (Sweden)

Beskupska Olena V.

2017-12-01

Full Text Available Three main components of the concept of sustainable development are analyzed: economic development, social inclusion and environmental conditions. The expediency of introducing the principles of sustainable development in enterprises of the fat and oil industry is grounded. The state of Ukraine’s agriculture is studied, and its influence on the depletion of natural resources is determined. The evolution of the development of the oil and fat industry, its current state and role for the economy of Ukraine are considered. It is found that for successful functioning of the principles of sustainable development, enterprises of the oil and fat industry need to introduce an export duty for the export of rapeseeds and soybeans, a more stringent control of incoming raw materials and international certification of the enterprises. Recommendations are given on the development of innovation activity, attraction of investments and new approaches in logistics.`

Exploring Opportunities for Sustainability in the Malaysian Palm Oil Industry

DEFF Research Database (Denmark)

Padfield, Rory; Hansen, Sune Balle; Preece, Christopher

2011-01-01

The global thirst for vegetable oil can be regarded as one of the greatest environmental challenges of the 21st Century and interest has intensified with the prospect of biofuels. Palm oil has risen to become the dominant player on the vegetable oil market – and the main recipient of environmental...... scrutiny. Focusing specifically on the Malaysian context, this paper analyses the major environmental, social and economic impacts associated with palm oil production. Drawing on recently published research, publicly available data and a comparison made with a recent sustainability initiative undertaken...... by the hydropower industry – an equally controversial and highly scrutinised sector – it is argued that the full extent of the impacts of palm oil should be acknowledged by those on both sides of the debate. Moreover, it is argued that by moving towards a less polarised version of the palm oil narrative and one...

Revenue generation strategies in sub-Saharan African universities

NARCIS (Netherlands)

Gebreyes, F.M.

2015-01-01

Financial sustainability is one of the key challenges for public universities in both developed and developing countries. Using a resource dependence approach, this study explores the issue of revenue generation in Sub-Saharan African universities. It analyses the diversification strategies that

Beyond sustainability criteria and principles in palm oil production: addressing consumer concerns through insetting

Directory of Open Access Journals (Sweden)

Faisal M. Mohd Noor

2017-06-01

Full Text Available Palm oil is one of the most controversial agricultural commodities of our time. To its supporters, it is the golden crop that catalyzes smallholders out of poverty and brings salvation to the global food and energy crisis. For its critics, it is the single biggest threat driving the wholesale destruction of peatlands and rainforests as well as adding to greenhouse gas emissions. Hailed as a turning point in 2004, the Roundtable on Sustainable Palm Oil (RSPO has been widely criticized as being unable to change the industry fast enough. We argue that certification, although certainly important, will not be able to deliver expected environmental and social benefits because of (1 an uneven distribution of incentives along the value chain, (2 traceability issues, (3 difficulties associated with an expanding market, and (4 alternative low standard markets to the standard large Organisation for Economic Co-operation and Development (OECD markets. We argue that the sustainability debate has actually failed to address the fact that oil palm landscape as a whole would be more sustainable if smallholders for whom palm oil is not an economic viable avenue would engage in other forms of land use. An important starting point for change is to move beyond narrow business interests of satisfying customers and shareholders interests only and tackle the implicit contract between palm oil marketers and importers and the smallholder agricultural communities in palm oil producing areas. We introduce the concept of livelihood "insetting" that goes beyond the pure sustainability aspect by also addressing the issue of mutuality along the global value chain.

Oil-points - Designers means to evaluate sustainability of concepts

DEFF Research Database (Denmark)

Bey, Niki; Lenau, Torben Anker

1998-01-01

Designers have an essential influence on product design and are therefore one target group for environmental evaluation methods. This implies, that such evaluation methods have to meet designers requirements. Evaluation of sustainability of products is often done using formal Life Cycle Assessment....... This is investigated by means of three case studies where environmental impact is estimated using the EDIP method, the Eco-indicator 95 method, and the Oil Point method proposed by the authors. It is found that the results obtained using Oil Points are in acceptable conformity with the results obtained with more...

Mobilising sustainable local government revenue in Ghana: modelling property rates and business taxes

Directory of Open Access Journals (Sweden)

Samuel B Biitir

2015-06-01

Full Text Available Property rates and business operating license fees constitute the major revenue sources for local government authorities. Accurate assessment of these revenues enhances the revenue base and effectiveness of their generation. Assessment of property rates and business operating license fees have been identified as one of the limiting factors that inhibit the revenue potential of local government authorities. Assessment must obey the principles of taxation such as efficiency, equity and fairness, adequacy, administrative feasibility and political acceptability. Over the years, the Sekondi-Takoradi Metropolitan Assembly (STMA acknowledges that, it has had problems in ensuring equity and fairness in the assessment of property rates and business operating license fees. The paper reports on a computer modelling study carried out to introduce measure to ensure equity and fairness in assessing tax objects. A computer application has been developed with quantitative measures to evaluate and assess equity in tax assessment. A test run of the system has been successful and a pilot test is currently being implemented by STMA.

Successful scaling-up of self-sustained pyrolysis of oil palm biomass under pool-type reactor.

Science.gov (United States)

Idris, Juferi; Shirai, Yoshihito; Andou, Yoshito; Mohd Ali, Ahmad Amiruddin; Othman, Mohd Ridzuan; Ibrahim, Izzudin; Yamamoto, Akio; Yasuda, Nobuhiko; Hassan, Mohd Ali

2016-02-01

An appropriate technology for waste utilisation, especially for a large amount of abundant pressed-shredded oil palm empty fruit bunch (OFEFB), is important for the oil palm industry. Self-sustained pyrolysis, whereby oil palm biomass was combusted by itself to provide the heat for pyrolysis without an electrical heater, is more preferable owing to its simplicity, ease of operation and low energy requirement. In this study, biochar production under self-sustained pyrolysis of oil palm biomass in the form of oil palm empty fruit bunch was tested in a 3-t large-scale pool-type reactor. During the pyrolysis process, the biomass was loaded layer by layer when the smoke appeared on the top, to minimise the entrance of oxygen. This method had significantly increased the yield of biochar. In our previous report, we have tested on a 30-kg pilot-scale capacity under self-sustained pyrolysis and found that the higher heating value (HHV) obtained was 22.6-24.7 MJ kg(-1) with a 23.5%-25.0% yield. In this scaled-up study, a 3-t large-scale procedure produced HHV of 22.0-24.3 MJ kg(-1) with a 30%-34% yield based on a wet-weight basis. The maximum self-sustained pyrolysis temperature for the large-scale procedure can reach between 600 °C and 700 °C. We concluded that large-scale biochar production under self-sustained pyrolysis was successfully conducted owing to the comparable biochar produced, compared with medium-scale and other studies with an electrical heating element, making it an appropriate technology for waste utilisation, particularly for the oil palm industry. © The Author(s) 2015.

Sustainability aspects of biobased products : comparison of different crops and products from the vegetable oil platform

NARCIS (Netherlands)

Meesters, K.P.H.; Corré, W.J.; Conijn, J.G.; Patel, M.K.; Bos, H.L.

2012-01-01

This study focusses on the production of vegetable oil based products. A limited number of aspacts of the sustainability of the full chain (from agriculture to product at the factory gate) was evaluated. Three different vegetable oils were taken into account: palm oil, soy oil and rapeseed oil. Also

Tax Revenue and Economic Growth: A Study of Nigeria and Ghana

Directory of Open Access Journals (Sweden)

Francis Chinedu Egbunike

2018-03-01

Full Text Available Tax revenue is frequently considered as an alternative form of sustainable financing within a stable and predictable fiscal environment to promote growth and enable governments to finance their social and infrastructural needs. The objective of the study is to examine the effect of tax revenue on economic growth of Nigeria and Ghana. The study used multiple regressions as tools of analysis. The study finds a positive impact of tax revenue on the gross domestic product of Nigeria and Ghana confirming prior studies. The study recommended among others that adequate measure to ensure that revenue generated from the tax is effectively utilized to develop and grow the economy.DOI: 10.15408/sjie.v7i2.7341

A Survey on the Usage of Biomass Wastes from Palm Oil Mills on Sustainable Development of Oil Palm Plantations in Sarawak

Science.gov (United States)

Phang, K. Y.; Lau, S. W.

2017-06-01

As one of the world’s largest palm oil producers and exporters, Malaysia is committed to sustainable management of this industry to address the emerging environmental challenges. This descriptive study aims to evaluate the oil palm planters’ opinions regarding the usage of biomass wastes from palm oil mills and its impact on sustainable development of oil palm plantations in Sarawak. 253 planters across Sarawak were approached for their opinions about the usage of empty fruit bunch (EFB), palm oil mill effluent (POME), mesocarp fibre (MF), and palm kernel shell (PKS). This study revealed that the planters had generally higher agreement on the beneficial application of EFB and POME in oil palm plantations. This could be seen from the higher means of agreement rating of 3.64 - 4.22 for EFB and POME, compared with the rating of 3.19 - 3.41 for MF and PKS in the 5-point Likert scale (with 5 being the strongest agreement). Besides, 94.7 percent of the planters’ companies were found to comply with the Environmental Impact Assessment (EIA) requirements where nearly 38 percent carried out the EIA practice twice a year. Therefore high means of agreement were correlated to the compliance of environmental regulations, recording a Likert rating of 3.89 to 4.31. Lastly, the usage of EFB and POME also gained higher Likert scale point of 3.76 to 4.17 against MF and PKS of 3.34 to 3.49 in the evaluation of the impact of sustainability in oil palm plantations. The planters agreed that the usage of EFB and POME has reduced the environmental impact and improved the sustainable development, and its application has been improved and increased by research and development. However the planters were uncertain of the impact of usage of biomass wastes with respect to the contribution to social responsibility and company image in terms of transparency in waste management.

Effect of oil palm sustainability certification on deforestation and fire in Indonesia

Science.gov (United States)

Gibbs, Holly K.; Noojipady, Praveen; Burns, David N.; Morton, Douglas C.; Walker, Nathalie F.; Paoli, Gary D.; Kremen, Claire

2018-01-01

Many major corporations and countries have made commitments to purchase or produce only “sustainable” palm oil, a commodity responsible for substantial tropical forest loss. Sustainability certification is the tool most used to fulfill these procurement policies, and around 20% of global palm oil production was certified by the Roundtable on Sustainable Palm Oil (RSPO) in 2017. However, the effect of certification on deforestation in oil palm plantations remains unclear. Here, we use a comprehensive dataset of RSPO-certified and noncertified oil palm plantations (∼188,000 km2) in Indonesia, the leading producer of palm oil, as well as annual remotely sensed metrics of tree cover loss and fire occurrence, to evaluate the impact of certification on deforestation and fire from 2001 to 2015. While forest loss and fire continued after RSPO certification, certified palm oil was associated with reduced deforestation. Certification lowered deforestation by 33% from a counterfactual of 9.8 to 6.6% y−1. Nevertheless, most plantations contained little residual forest when they received certification. As a result, by 2015, certified areas held less than 1% of forests remaining within Indonesian oil palm plantations. Moreover, certification had no causal impact on forest loss in peatlands or active fire detection rates. Broader adoption of certification in forested regions, strict requirements to avoid all peat, and routine monitoring of clearly defined forest cover loss in certified and RSPO member-held plantations appear necessary if the RSPO is to yield conservation and climate benefits from reductions in tropical deforestation. PMID:29229857

An Evaluation of Management Perspectives of Sustainability Reporting in the Nigerian Oil Industry

OpenAIRE

Uzonwanne, Godfrey; Yekini, Cecilia Olukemi; Yekini, Sina; Otobo, Paul

2014-01-01

Purpose: This article investigates the perspectives of managers involved in sustainability reporting in the Nigerian oil industry. Design/Methodology: The article adopts a survey methodology in its approach to conduct this investigation. The survey employed a structured interview to investigate five themes built around the motivation for sustainability reporting within these organizations, hierarchical responsibility for sustainability reporting, the organizations objectives relative to t...

Sustainable Development - An Oil Industry View

Energy Technology Data Exchange (ETDEWEB)

Langcake, Peter [Shell International BV, (Netherlands)

1997-12-31

For Shell companies, according to this presentation, sustainable development is an umbrella concept that they have been dealing with for many years and that has recently been given increased focus. Over the years, concern about the depletion of non-renewable resources has been overshadowed by concern about the depletion of renewable sources such as fisheries, forests etc. and climate changes. The primary contribution that Shell can make to sustainable development now and in the foreseeable future is in the economic sphere. Some examples of the involvement of Shell are given: (1) Shell companies have for many years invested considerably in forestry projects and recently some have developed businesses in biomass to power generation projects. Some have projects in photovoltaics. (2) In the Camisea project in Peru, a Shell company is putting the sustainability principle to work by integrating economic, environmental and social aspects. Two large oil reserves lie on either side of the Camisea River. The area is home to several indigenous peoples; it borders a national park and is rich in biodiversity. (3) In Malaysia, Shell is exploiting rich offshore gas fields. These projects are examples of technology cooperation and capability building that contribute to Malaysia`s plans for becoming fully industrialized by 2020

Roundtable on Sustainable Palm Oil – RSPO. The second RSPO meeting in Jakarta in October 2004

Directory of Open Access Journals (Sweden)

Omont Hubert

2005-03-01

Full Text Available In a context of discord between producers and environmental conservationists, RSPO is an initiative by stakeholders in the “Oil Palm” commodity chain to promote sustainable palm oil production. RSPO, using a multiple-stakeholder process, based its approach on drawing up a set of credible criteria that define the sustainability of palm oil production and which are acceptable to the different categories of stakeholders. The purpose of the second meeting (RT2 was to: i propose a platform for exchanging views and experience between stakeholders from industrialized and emergent countries, to seek a clear definition of the “sustainable palm oil” concept; ii identify practical projects for facilitating the implementation of good practices and for proceeding with their introduction; and: iii strengthen cooperation and mutual assistance between stakeholders and international agencies to promote the production and use of “sustainable palm oil”.

Oil Palm Expansion in the Brazilian Amazon (2006-2014): Effects of the 2010 Sustainable Oil Palm Production Program

Science.gov (United States)

Benami, E.; Curran, L. M.

2017-12-01

Brazil has the world's largest suitable land area for oil palm (Elaeis guineensis) establishment, with estimates as high as 238 million ha. To promote oil palm development, Brazil launched the Sustainable Palm Oil Production Program (SPOPP) in 2010 and delineated 30 million ha for its growth that excluded forested areas and indigenous reserves. Here we examine oil palm expansion (2006-2014) as well as the SPOPP's effectiveness in Pará, the major oil palm producing state in Brazil. By combining analyses of satellite imagery, land registration data, and site based interviews, we found that oil palm area expanded 205%. Although >50% of oil palm parcels were located within 0.5 km of intact forests, lands. Direct intact forest conversion pre- and post-SPOPP declined from 4% to <1%; however, <1% of the 30 million ha promoted for oil palm was developed by 2014. To explore the major factors that may have constrained oil palm expansion under the SPOPP, we conducted microeconomic simulations of oil palm production, combined with interviews with actors/individuals from oil palm companies, civil society, researchers at universities and NGOs, and governmental agencies. Brazil's oil palm-deforestation dynamics, policies, and economic conditions will be discussed.

An economic Manifesto for the oil exporting countries of the Persian Gulf

Directory of Open Access Journals (Sweden)

Hossein Askari

2006-12-01

Full Text Available The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a formal “Oil Fund for All Generations”. Others have proposed and implemented oil funds but in our proposal the government would (in time lose all access to oil revenues; by taking easy money away from governments and rulers, the likelihood of waste, corruption and wars will be reduced, and there will be better chance of adopting and implementing rational economic policies to enhance equity across generations.

Oil palm biomass as a sustainable energy source: A Malaysian case study

International Nuclear Information System (INIS)

Shuit, S.H.; Tan, K.T.; Lee, K.T.; Kamaruddin, A.H.

2009-01-01

It has been widely accepted worldwide that global warming is by far the greatest threat and challenge in the new millennium. In order to stop global warming and to promote sustainable development, renewable energy is a perfect solution to achieve both targets. Presently million hectares of land in Malaysia is occupied with oil palm plantation generating huge quantities of biomass. In this context, biomass from oil palm industries appears to be a very promising alternative as a source of raw materials including renewable energy in Malaysia. Thus, this paper aims to present current scenario of biomass in Malaysia covering issues on availability and sustainability of feedstock as well as current and possible utilization of oil palm biomass. This paper will also discuss feasibility of some biomass conversion technologies and some ongoing projects in Malaysia related to utilization of oil palm biomass as a source of renewable energy. Based on the findings presented, it is definitely clear that Malaysia has position herself in the right path to utilize biomass as a source of renewable energy and this can act as an example to other countries in the world that has huge biomass feedstock. (author)

An Evaluation of Holistic Sustainability Assessment Framework for Palm Oil Production in Malaysia

OpenAIRE

Lim, Chye; Biswas, Wahidul

2015-01-01

Palm oil based biodiesel offers an alternative energy source that can reduce current dependence on conventional fossil fuels and may reduce greenhouse gas (GHG) emissions depending on the type of feedstock and processes used. In the Malaysian context, the palm oil industry not only provides high-yield, renewable feedstock to the world, it brings socio-economic development to the Malaysian rural community and contributes to the national income. However, the sustainability of palm oil remains c...

Waste to Wealth: Hidden Treasures in the Oil Palm Industry

International Nuclear Information System (INIS)

Loh Soh Kheang; Astimar Abdul Aziz; Ravigadevi Sambathamurthi; Mohd Basri Wahid

2010-01-01

The palm oil industry plays an important role in the creation of waste to wealth using the abundant oil palm biomass resources generated from palm oil supply chain i.e. upstream to downstream activities. The oil palm biomass and other palm-derived waste streams available are oil palm trunks (felled), fronds (felled and pruned), shell, mesocarp fibers, empty fruit bunches (EFB), palm oil mill effluent (POME), palm kernel expelled (PKE), palm fatty acid distillates (PFAD), used frying oil (UFO), residual oil from spent bleaching earth (SBE) and glycerol. For 88.5 million tonnes of fresh fruit bunches (FFB) processed in 2008, the amount of oil palm biomass generated was more than 25 million tones (dry weight basis) with the generation of 59 million tonnes of POME from 410 palm oil mills. Oil palm biomass consists of mainly lignocellulose materials that can be potentially and fully utilized for renewable energy, wood-based products and high value-added products such as pytonutrients, phenolics, carotenes and vitamin E. Oil palm biomass can be converted to bio energy with high combustible characteristics such as briquettes, bio-oils, bio-producer gas, boiler fuel, biogas and bio ethanol. Oil palm biomass can also be made into wood-based products such as composite and furniture, pulp and paper and planting medium. The recovery of phenolics from POME as valuable antioxidants has potential drug application. Other possible applications for oil palm biomass include fine chemicals, dietary fibers, animal feed and polymers. There must be a strategic and sustainable resource management to distribute palm oil and palm biomass to maximize the use of the resources so that it can generate revenues, bring benefits to the palm oil industry and meet stringent sustainability requirements in the future. (author)

Dutch Gas Revenues and Fiscal Policy. Theory versus practice

International Nuclear Information System (INIS)

Wierts, P.; Schotten, G.

2008-01-01

The Dutch government's revenues from natural gas fluctuate heavily and will dry up within several decades. According to the academic literature, only the permanent return on gas wealth should be included as income on the government's annual budget. This would prevent a deterioration in net wealth, and provide the budget with a stable source of income from which future generations can also benefit. On the basis of conservative estimates, it follows from our calculations that the Netherlands could count on a permanent annual flow of receipts of around eur 2.5 billion. In practice, however, gas revenues are included directly in the budget, while a part is reserved for investment via the Economic Structure Reinforcement Fund (Fonds Economische Structuurversterking). Using gas revenues for debt reduction, higher spending or lower taxes are political choices made anew by every new government. Our estimation results for the period 1975-2007 show that of a 1% of GPD rise/fall in gas revenues, 0.8 percentage point goes to easing/tightening policy and 0.2 percentage point to an increase/decrease of the budget balance. In the light of the recent fluctuations in oil and gas prices, preserving the stock of wealth from natural gas resources should become more important for the budgetary treatment of gas revenues in the Netherlands [nl

A system dynamic model for production and consumption policy in Iran oil and gas sector

International Nuclear Information System (INIS)

Kiani, Behdad; Ali Pourfakhraei, Mohammad

2010-01-01

A system dynamic model is presented, which considers the feedback between supply and demand and oil revenue of the existing system in Iran considering different sectors of the economy. Also the export of the oil surplus and the injection of the gas surplus into the oil reservoirs are seen in the model by establishing a balance between supply and demand. In this model the counter-effects and existing system feedbacks between supply and demand and oil revenue can be seen considering different sectors of the economy. As a result, the effects of oil and gas policies in different scenarios for different sectors of Iran's economy together with the counter-effects of energy consumption and oil revenue are examined. Three scenarios, which show the worst, base and ideal cases, are considered to find future trends of major variables such as seasonal gas consumption in power plants, seasonal injected gas in oil reservoirs, economic growth in the industrial sector, oil consumption in the transportation sector, industrial gas consumption and exported gas. For example, it is shown that the exported gas will reach between 500 and 620 million cubic-meter per day in different scenarios and export revenues can reach up to $500 billion by 2025. - Research Highlights: →A system dynamic model analyzing the feedback between supply, demand and oil revenue is built. →The export of the oil surplus and the injection of the gas surplus into oil reservoirs are modeled. →Effects of oil and gas policies in different scenarios are examined for Iran's economy. →Counter-effects of energy consumption and oil revenue are examined. →Exported gas will reach between 500 and 620 million cubic-meter per day in different scenarios. →Export revenues can reach up to $500 billion by 2025.

Saving Alberta's resource revenues: Role of intergenerational and liquidity funds

International Nuclear Information System (INIS)

Bremer, Ton S. van den; Ploeg, Frederick van der

2016-01-01

We use a welfare-based intertemporal stochastic optimization model and historical data to estimate the size of the optimal intergenerational and liquidity funds and the corresponding resource dividend available to the government of the Canadian province Alberta. To first-order of approximation, this dividend should be a constant fraction of total above- and below-ground wealth, complemented by additional precautionary savings at initial times to build up a small liquidity fund to cope with oil price volatility. The ongoing dividend equals approximately 30 per cent of government revenue and requires building assets of approximately 40 per cent of GDP in 2030, 100 per cent of GDP in 2050 and 165 per cent in 2100. Finally, the effect of the recent plunge in oil prices on our estimates is examined. Our recommendations are in stark contrast with historical and current government policy. - Highlights: • Volatile natural resource income requires an intergenerational and liquidity fund. • We use intertemporal stochastic optimization and historical data for Alberta. • The ongoing dividend is 30 per cent of government revenue. • This requires assets of 100 per cent of GDP in 2050 and initial precautionary saving. • The effect of the 2014 plunge in oil prices on our estimates of the funds is examined.

Gas projects surge in the Middle East as governments seek new revenue sources

International Nuclear Information System (INIS)

Williams, M.D.

1997-01-01

The rapid development of natural gas and condensate reserves in the Middle East results from a simple motivation: the desire of governments to earn revenues. For the past decade, Middle East governments have run budget deficits, which they funded by drawing down foreign assets and issuing debt. Now in the process of structural economic reform, they have begun to use an under-utilized resource--natural gas, of which Middle East governments own about one third of the world's reserves. Governments receive revenues from several sources in natural gas developments, which makes the projects very attractive. Revenue comes from the sale of the natural gas in the domestic market and, if exported, the international market; the sale of associated condensates; the additional exports of crude oil or refined products if natural gas is substituted for refined products in domestic markets; the increased sale of crude oil if natural gas is injected into reservoirs to maintain pressure; and the sale of petrochemicals where natural gas is used as feedstock. Large projects under way in the Middle East highlight the consequences of multiple revenue sources and interlinked costs of natural gas and condensate development. Other countries in the region are undertaking similar projects, so examples cited represent only a portion of what is occurring. The paper describes Abu Dhabi, Qatar, Saudi Arabia, and Iran

Do high oil prices justify an increase in taxation in a mature oil province? The case of the UK continental shelf

International Nuclear Information System (INIS)

Nakhle, Carole

2007-01-01

In response to the structural shift in oil price coupled with greater import dependency, concerns about security of supply have once again emerged as a major policy issue. The UK, the largest producer of oil and natural gas in the European Union, became a net importer of natural gas in 2004, and according to Government estimates will become a net importer of oil by the end of the decade. A weakened North Sea performance means extra reliance, both for the UK and Europe as a whole, on global oil and gas network and imports. In 2002, the UK Government introduced a 10% supplementary charge and in 2005, doubled the charge to 20% in an attempt to capture more revenues from the oil industry as a result of the increase in the price of crude oil. However, higher tax rates do not necessarily generate higher fiscal revenue and in the long term may result in materially lower revenues if investment is discouraged as indeed occurred when the 2007 UK Annual Budget statement showed a shortfall in North Sea oil revenues below forecasts of Pounds 4 billion. It is therefore argued that the increase in the fiscal take came at the wrong time for the UK Continental Shelf and that the UK Government's concern should have been to encourage more oil production from its declining province, especially in the light of the rising concern surrounding the security of supply

Manitoba oil activity review, 1991

International Nuclear Information System (INIS)

1992-04-01

In an annual survey of Manitoba's petroleum industry, data are presented on oil and natural gas leases and sales, geophysical activity, exploration and drilling activity, production, exports to other provinces and the USA, oil prices and sales value, royalties and taxes, direct revenues from oil exploration and development, reserves, industry expenditures, and oil fields. Throughout the report, explainations are given of the items covered. Descriptions are made of new developments, the oil market, oil policies, incentive programs, and industrial activities. During 1991, 54 wells were drilled, compared to 79 in 1990. Oil production was down ca 3% from 1990 levels, to 712,792 m 3 , the value of the oil produced decreased 21% to ca $90.3 million, and provincial revenues from the oil industry declined by 15%. Oil industry expenditures in the province were estimated at $69 million, down 9% from 1990. As of the end of 1991, there were 11 oil fields and 118 non-confidential oil pools designated in Manitoba. The forecast for 1992 indicates that exploration activity will increase in response to new incentive programs. Crude oil production is expected to decline slightly to about 667,000 m 3 . 9 figs., 17 tabs

Breaking the Link between Environmental Degradation and Oil Palm Expansion: A Method for Enabling Sustainable Oil Palm Expansion

Science.gov (United States)

Smit, Hans Harmen; Meijaard, Erik; van der Laan, Carina; Mantel, Stephan; Budiman, Arif; Verweij, Pita

2013-01-01

Land degradation is a global concern. In tropical areas it primarily concerns the conversion of forest into non-forest lands and the associated losses of environmental services. Defining such degradation is not straightforward hampering effective reduction in degradation and use of already degraded lands for more productive purposes. To facilitate the processes of avoided degradation and land rehabilitation, we have developed a methodology in which we have used international environmental and social sustainability standards to determine the suitability of lands for sustainable agricultural expansion. The method was developed and tested in one of the frontiers of agricultural expansion, West Kalimantan province in Indonesia. The focus was on oil palm expansion, which is considered as a major driver for deforestation in tropical regions globally. The results suggest that substantial changes in current land-use planning are necessary for most new plantations to comply with international sustainability standards. Through visualizing options for sustainable expansion with our methodology, we demonstrate that the link between oil palm expansion and degradation can be broken. Application of the methodology with criteria and thresholds similar to ours could help the Indonesian government and the industry to achieve its pro-growth, pro-job, pro-poor and pro-environment development goals. For sustainable agricultural production, context specific guidance has to be developed in areas suitable for expansion. Our methodology can serve as a template for designing such commodity and country specific tools and deliver such guidance. PMID:24039700

HOW TO MANAGE SUSTAINABLE DEVELOPMENT IN OIL INDUSTRY: THE CASE OF OMV PETROM

Directory of Open Access Journals (Sweden)

CATALIN POPESCU

2017-12-01

Full Text Available As exploration and exploitation of oil and gas deposits continue to be among the most polluting industrial activities, this paper deals with revealing the way OMV Petrom, a major oil company from Romania, cope with these issues aiming at protecting the environment and ensuring safe and efficient operations in order to achieve sustainable development and constant growth.

Subsidy modes, waste cooking oil and biofuel: Policy effectiveness and sustainable supply chains in China

International Nuclear Information System (INIS)

Zhang, Huiming; Li, Lianshui; Zhou, Peng; Hou, Jianmin; Qiu, Yueming

2014-01-01

Many countries are concerned with the waste-to-energy for economic development and societal welfare. This paper constructs a dynamic game model that, for the first time compares the incentive effects of four common subsidy modes on waste cooking oil supply for biofuel refining and sales of waste cooking oil refined products. The model considers the impact of preferential tax treatment, a raw material subsidy, a sales subsidy and an investment subsidy on the profits of biofuel enterprises and waste cooking oil recyclers. Results indicate that common approaches adopted in developed economies such as raw material price subsidies and finished products sales subsidies increase the profits of both biofuel enterprises and recyclers. On the contrary, investment subsidies, which are relatively common in some regions of China, increase the profits of recyclers, while reducing revenues achieved by biofuel enterprises. To promote the supply chain, policy should give priority to raw material price subsidies and finished products sales subsidies, and for investment subsidies, however, the government should be cautious

Engineering and sustainability aspect of palm oil shell powder in cement

Science.gov (United States)

Karim, Mohammad Razaul; Hossain, Md. Moktar; Yusoff, Sumiani Binti

2017-06-01

Palm oil shell (POS) is a waste material which significantly produced in palm oil mills. In current practice, this waste is dumped in open land or landfill sites or is used as fuel to run a steam turbine of a boiler, which leads to environmental pollutions. The characterization, engineering and sustainability aspect of this waste for using in cement-based applications lead to reduce the emission of carbon dioxide and cost, save natural resources for cement production and also sustainable usage of waste material. The characterization was carried out using particle size analyzer, XRF, SEM and total organic carbon analyzer. ASTM standard methods were used to observe the setting time and water for normal consistency. The compressive strength of palm oil shell powder (POSP) blended cement was explored with the water to cement and cement to sand ratio of 0.40 and 0.50, respectively up to 40% replacement levels of OPC. Result found that the setting time and water demand were increased, but compressive strength was decreased to replacement levels. However, the incorporation of POSP in cement was reduced 9.6% of CO2 emission, 25 % of the cost and save natural resource, i.e. limestone, clay, iron ore, silica shale and gypsum of 35.1%, 4.95%, 0.9%, 4.05 % and 1.2 %, respectively at 30% replacement level of OPC. The results of this extensive study on POSP characterization, effect on basic cement properties and sustainability aspect provide the guidance for using the POSP at industrial scale for cement production.

Nigerian oil: the case for countertrade

Energy Technology Data Exchange (ETDEWEB)

Idemudia, T.; Abudl-Malik, M.A.

1986-02-01

The offshore petroleum processing arrangement between Nigeria and some Latin American and European countries is a form of barter, or counter trade. Other forms of countertrade are counter-purchase, compensation (or product buyback), offset, clearing agreements, and performance requirements. The growth in reciprocal product exchanges reflects its attractiveness as a way to generate revenue or maximize market share when a country has problems competing. Nigeria's decision to engage in oil countertrade is a result of a liquidity crisis since 1981 caused by debts and diminished capital at a time when oil revenues were declining. Criticism of Nigeria's countertrade agreements focuses on their use for consumer goods at inflated prices and their adverse impact on market stability. Proponents argue that they maintain a standard of living and ensure that oil can be sold and generate revenue. 2 figures, 2 tables.

Sustainable electricity generation from oil palm biomass wastes in Malaysia: An industry survey

International Nuclear Information System (INIS)

Umar, Mohd Shaharin; Jennings, Philip; Urmee, Tania

2014-01-01

The biomass wastes from the palm oil industry offer great potential for large-scale power generation in Malaysia. It has been estimated that 85.5% of available biomass in the country comes from oil palm agriculture. The introduction of the FiT (Feed-in Tariff) regime in 2011, which superseded the underperforming SREP (Small Renewable Energy Power) scheme, is expected to catalyse and accelerate the development of the renewable energy industry, including biomass technology. Despite a major overhaul of the market structure under the new scheme, the sustainability of the grid-connected oil palm biomass renewable energy industry downstream components remains questionable. Hence, this paper aims to investigate and analyse the market response to six sustainability-related topics. The research methods include electronic and conventional postal modes to disseminate questionnaires to all of the palm oil producers. The returned questionnaires were then analysed with a statistical tool and inferences were drawn to identify the gaps in the existing policy system. The survey identified several key factors for the government's consideration. - Highlights: • Establishing a fuel collection hub. • Centralising a technology hub facility. • Smart-partnership collaboration for building a large scale biomass plant. • Adopting decentralised generation

A Primer on Alberta’s Oil sands Royalties

Directory of Open Access Journals (Sweden)

Sarah Dobson

2015-12-01

Full Text Available Fulfilling its campaign promise, the new NDP government announced a review of Alberta’s royalty framework in June 2015. The province receives royalty revenue from three main sources – natural gas, crude oil, and oil sands. Since the 2009-10 fiscal year the largest contributor to Alberta’s royalty revenues has been the oil sands. If you want a sense of how important oil sands royalties have been for Alberta’s finances, consider this: In the 2014–15 fiscal year, the government collected just over $5 billion from oil sands royalties. These royalties covered over 10 per cent of the province’s operational expenses of $48.6 billion in the same fiscal year. Over the last six fiscal years the oil sands have contributed an average of 10 per cent of revenues to provincial coffers. This makes oil sands royalties the fourth largest contributor behind personal income taxes (23 per cent, federal transfers (13 per cent and corporate income taxes (11 per cent. But how many Albertans really understand how the royalty system works? What do we mean when we say “royalty”? How does the Alberta Government calculate royalties on oil sands producers? If the system is going to change, it’s important that Albertans understand how the current system works. That is what this paper is designed to do. For Albertans to properly judge the impact of new policy, they need a solid understanding of the current policy environment. We all know that oil prices have dropped and oil sands producers are losing profitability. As such, changes to the royalty system could have a deep and profound impact on the sector. Here are some of the issues this primer will study: • Pre-payout projects vs. post-payout projects, in other words, the classification of projects for royalty purposes based on whether the cumulative costs of a project exceed its cumulative revenues • Monthly payment of royalties vs. annual payment • Understanding the unit price of bitumen and how that

Causality Relationship between Crude Oil Variables and Budget Variables in Malaysia

OpenAIRE

Zakaria, Zukarnain; Shamsuddin, Sofian

2017-01-01

As an oil and gas exporter, Malaysia profited from higher world energy prices. However, the fall in oil prices from highs in 2014 significantly affected Malaysia’s government revenue (GR), hence its expenditure since the Malaysian GR still largely depends on oil revenues. Malaysia also has problems with high spending on energy subsidy, shrinking in its net crude oil export, and narrowing the gap between its crude oil production and consumption. Given this scenario, not only shocks in crude oi...

THE CHALLENGES OF RAISING REVENUES AND RESTRUCTURING SUBSIDIES IN MALAYSIA

Directory of Open Access Journals (Sweden)

Suresh Narayanan

2007-01-01

Full Text Available Malaysia has run deficit budgets in all but five years since 1970 but past deficits have been managed thanks to substantial oil revenues and high domestic savings. However, the slow growth or decline of several traditional sources of revenue and the rising subsidy bill since 2007 have given pause for reflection on the traditional approach to fiscal management. In this paper, it is argued that fiscal management must not only centre around reducing non-productive expenditures and wasteful leakages but must also confront the problem of reducing and restructuring subsidies, particularly to petrol and petroleum-related products. The global dip in petroleum process has fortuitously provided the respite needed for such an exercise and should not lull policy makersinto complacency. When the economy recovers from the currentdownswing, a solid revenue raising instrument such as the value-addedtax must be introduced in order to wean the economy away from thecurrent over reliance on petroleum-based taxes.

Manitoba oil activity review, 1992

International Nuclear Information System (INIS)

1993-04-01

In an annual survey of Manitoba's petroleum industry, data are presented on oil and natural gas leases and sales, geophysical activity, exploration and drilling activity, production, oil prices and sales value, royalties and taxes, direct revenues from oil exploration and development, reserves, industry expenditures, and oil fields. Throughout the report, explanations are given of the items covered. Descriptions are made of new developments, the oil market, oil policies, incentive programs, and industrial activities. During 1992, 28 wells were drilled, compared to 54 in 1991. Oil production was down ca 8% from 1991 levels, to 656,415 m 3 ; the value of the oil produced decreased 4% to ca $86.3 million; and provincial revenues from the oil industry decreased by 24%. Oil industry expenditures in the province were estimated at $58 million, down 16% from 1991. As of 4 January 1993, there were 11 oil fields and 120 non-confidential oil pools designated in Manitoba. Crude oil prices fluctuated throughout the year. In 1992, Manitoba's average crude oil price was $20.89/bbl, compared with 1991's average of $20.14/bbl. Manitoba Energy and Mines amended the Drilling Incentive Program to provide a 10,000 m 3 holiday volume for horizontal wells. 12 figs., 17 tabs

Manitoba oil activity review, 1993

International Nuclear Information System (INIS)

1994-07-01

In an annual survey of Manitoba's petroleum industry, data are presented on oil and natural gas leases and sales, geophysical activity, exploration and drilling activity, production, oil prices and sales value, royalties and taxes, direct revenues from oil exploration and development, reserves, industry expenditures, and oil fields. Throughout the report, explanations are given of the items covered. Descriptions are made of new developments, the oil market, oil policies, incentive programs, and industrial activities. During 1993, 87 wells were drilled, compared to 28 in 1992. Oil production was down ca 3% from 1992 levels, to 634,561 m 3 ; the value of the oil produced decreased 10% to ca $77.5 million; and provincial revenues from the oil industry decreased by 4%. Oil industry expenditures in the province were estimated at $73 million, up 26% from 1992. As of 4 January 1994, there were 11 oil fields and 120 non-confidential oil pools designated in Manitoba. Crude oil prices fluctuated throughout the year, between $15.12 and $21.50/bbl. In 1993, Manitoba's average crude oil price was $19.40/bbl, compared with 1992's average of $20.89/bbl. Manitoba Energy and Mines amended the Drilling Incentive Program to provide a 10,000 m 3 holiday volume for horizontal wells. 12 figs., 17 tabs

Estimation of the oil and gas sector participation of tax revenues in Brazil: 1996-2005; Estimativa da participacao do setor de petroleo e gas na arrecadacao tributaria brasileira: 1996-2005

Energy Technology Data Exchange (ETDEWEB)

Canelas, Andre [Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP), Rio de Janeiro, RJ (Brazil)], e-mail: acanelas@anp.gov.br

2008-07-01

The aim of this paper is to estimate the contribution of the oil and gas sector to the total amount of tax revenues in Brazil. Such an estimate is relevant due to the continuous increase of the economic importance of this sector in Brazil, which has been observed in the most recent years. (author)

Gender Role in Sustainable Palm Oil Production in Imo State, Nigeria

African Journals Online (AJOL)

The paper explored gender role in sustainable palm oil production in selected communities of Imo State. Multistage sampling technique was used to select 60 respondents for the study. Data were collected using interview schedule and analyzed using mean score and percentage. The estimated average monthly income of ...

EITI and sustainable development: Lessons and new challenges for the Caspian region

Energy Technology Data Exchange (ETDEWEB)

Ospanova, Saule; Ahmadov, Ingilab; Wilson, Emma

2013-03-01

EITI requires countries to declare the revenues they receive from companies in the oil, gas and mining sectors, and for companies to declare what they pay. This paper highlights key issues and challenges related to implementing EITI, and suggests several ways for these new rules to help reduce poverty, improve lives and ensure that extractive industries operate in a sustainable, environmentally responsible way. Focusing on three countries of the Caspian Sea Region - Azerbaijan, Kazakhstan and Turkmenistan, the paper will be of particular interest to those preparing for, and attending, the EITI conference in Sydney in May 2013. It will also inform the public and stakeholders working towards EITI implementation in the Caspian Region, and contributes to on-going debates on EITI and sustainable development more broadly.

The concept of sustainable development as a methodological base to form strategy for enterprises of oil complex

Directory of Open Access Journals (Sweden)

D. Smirnov

2015-01-01

Full Text Available The article substantiates the need for the enterprises of the oil complex as a methodological basis of their strategy concept of sustainable development, according to which natural resources are treated as natural capital, similar in quality funds. The author of the article analyzed the research of Russian and foreign scientists on the theory of sustainable development from different perspectives, as well as the Concept of the Russian Federation transition to sustainable development, the main criteria for sustainability, particularly management of industrial enterprises in the field of nature and the environment. It was found that the implementation of sustainable development ideas "oil for future generations" is not only a moral and environmental dimension, and financial performance. If companies invest in the exploration work sufficient to sustain growth of proved reserves of raw materials, it will inevitably raise the level of its capitalization.

Naval Petroleum and Oil Shale Reserves

International Nuclear Information System (INIS)

1992-01-01

During fiscal year 1992, the reserves generated $473 million in revenues, a $181 million decrease from the fiscal year 1991 revenues, primarily due to significant decreases in oil and natural gas prices. Total costs were $200 million, resulting in net cash flow of $273 million, compared with $454 million in fiscal year 1991. From 1976 through fiscal year 1992, the Naval Petroleum and Oil Shale Reserves generated more than $15 billion in revenues and a net operating income after costs of $12.5 billion. In fiscal year 1992, production at the Naval Petroleum Reserves at maximum efficient rates yielded 26 million barrels of crude oil, 119 billion cubic feet of natural gas, and 164 million gallons of natural gas liquids. From April to November 1992, senior managers from the Naval Petroleum and Oil Shale Reserves held a series of three workshops in Boulder, Colorado, in order to build a comprehensive Strategic Plan as required by Secretary of Energy Notice 25A-91. Other highlights are presented for the following: Naval Petroleum Reserve No. 1--production achievements, crude oil shipments to the strategic petroleum reserve, horizontal drilling, shallow oil zone gas injection project, environment and safety, and vanpool program; Naval Petroleum Reserve No. 2--new management and operating contractor and exploration drilling; Naval Petroleum Reserve No. 3--steamflood; Naval Oil Shale Reserves--protection program; and Tiger Team environmental assessment of the Naval Petroleum and Oil Shale Reserves in Colorado, Utah, and Wyoming

Response strategies for oil producers in the face of environmental taxation

International Nuclear Information System (INIS)

Walker, I.O.; Brennand, G.J.

1993-01-01

The impact of environmental taxes on the oil export revenues of developing countries, particularly OPEC, is considered; the possibility of amelioration through production management is investigated. A model of oil market dynamics is considered and applied to for different tax secenarios. These are a base case scenario where no environmental tax is imposed; an unmanaged market where a $100/t of carbon tax is imposed in all OECD regions and the resulting fall in oil demand is absorbed by OPEC, thereby keeping oil prices at base case levels; a partially managed market where the same tax is imposed, but only OPEC responds by reducing oil production even further to maintain base case revenue; a totally managed market where the same tax is imposed but both OPEC and non-OPEC agree to manage and control the market. The conclusions reached is that as long as OPEC is not able to target a revenue-maximizing path, a totally managed market is likely to prove beneficial to all developing country producers with a much more manageable, higher than base case price in a partially managed market. If, however, OPEC were able to implement a revenue-maximizing course, there would be no need for total management, since non-OPEC revenue would be concomitantly maximized. (2 tables, 4 figures). (UK)

Trade liberalization and tax reform strategies: The case of the Korean oil industry

International Nuclear Information System (INIS)

Shim, Kieun; Jung, Yonghun

2012-01-01

The decline in government revenues due to tariff reductions has become a major concern for most developing countries, including Korea. This paper focuses on the Korean oil industry to examine which post-trade liberalization tax reform strategy is optimal, depending on the government's priority between social welfare and government revenue. We find that the important factors for choosing an optimal tax reform policy are price elasticity of demand and market competition. Based on a price-inelastic demand and the low competitive market for Korea's oil industry, if the goal of a tax reform policy is to increase social welfare, the recommended strategy is to raise the consumption tax by a scale of less than the sum of tariff cuts times the crude oil price and oil import tax cuts. This strategy would also reduce inflation, but it could be detrimental to government revenue. However, if the policy's goal is the preservation of government revenue, the recommended strategy is to raise the consumption tax by a scale equal to the sum of tariff cuts times the crude oil price at the pre-tax reform and oil import tax cuts. This strategy does not change either government revenue or social welfare. - Highlights: ▶ Which post-trade liberalization tax reform is optimal for Korea's oil industry? ▶ Both final and intermediate markets are modeled under imperfect competition. ▶ Both price elasticity and market competition are important for an optimal tax reform. ▶ The optimal tax reform depends on the priority between welfare and government revenue.

The macroeconomic effects of oil price fluctuations on a small open oil-producing country. The case of Trinidad and Tobago

International Nuclear Information System (INIS)

Lorde, Troy; Thomas, Chrystol; Jackman, Mahalia

2009-01-01

Using vector autoregressive (VAR) methodology, this paper empirically investigates the macroeconomic effects of oil price fluctuations on Trinidad and Tobago. Overall, we find that the price of oil is a major determinant of economic activity of the country. Our impulse response functions suggest that following a positive oil price shock, output falls within the first two years followed by positive and growing response. We also investigate the macroeconomic impact of oil price volatility. Results suggest that an unanticipated shock to oil price volatility brings about random swings in the macroeconomy; however, only government revenue and the price level exhibit significant responses. With regard to the magnitude of the responses, shocks to oil price volatility tend to yield smaller macroeconomic impacts in comparison to shocks to oil prices. Variance decompositions suggest that the price of oil is a major component of forecast variation for most macroeconomic variables. Finally, Granger-causality tests indicate causality from oil prices to output and oil prices to government revenue. (author)

Building Hotel Revenues through Tourism

Directory of Open Access Journals (Sweden)

John D. Murtha, CHA

2013-01-01

Full Text Available When evaluating ways to maximize revenues, hotel executives should consider supporting the efforts of local destination marketing organizations. Helping to build and sustain travel to a city or region can benefit individual hotels, by combining resources and energy on marketing tactics that would otherwise be too ambitious or costly for a single property to pursue on its own. The market in Boston and adjacent Cambridge, Massachusetts offers an interesting case study for understanding the interaction of hotels and destination marketing organizations. The author includes action steps for hoteliers who would like to become more involved in such efforts.

Telecoupled governance of land use change: Sustainable palm oil conservation benefits limited by preferential certification

Science.gov (United States)

Heilmayr, R.; Carlson, K. M.; Gibbs, H.; Noojipady, P.; Burns, D.; Morton, D. C.; Walker, N.; Paoli, G.; Kremen, C.

2016-12-01

Dozens of trans-national corporations have made public commitments to purchase only zero-deforestation palm oil, a commodity responsible for substantial tropical forest loss. Eco-certification is a basic requirement of most such forest-related procurement policies, and >20% of palm oil was certified in 2015.While the impact of certification on deforestation in oil palm plantations has never been tested, such evaluation is critical to inform improvements of voluntary sustainability initiatives. Here, we use a new, comprehensive data set of Roundtable on Sustainable Palm Oil (RSPO) certified and non-certified oil palm plantation boundaries (191,561 km2) in Indonesia, the leading global producer of palm oil to generate robust spatio-temporal estimates of certification's impact on deforestation and fires from 2000-2014. We find that certification reduced forest cover loss embodied in RSPO certified palm oil through two mechanisms. Certification had a significant protective effect, which lowered plantation deforestation rates by 29%.However, due to preferential certification of plantations developed before 2000, little forest was available for protection; forest area conserved totaled 56±4.9 km2. Our models suggest that increased adoption of RSPO certification may reduce the ability of palm oil companies to selectively certify previously cleared regions, and consequently strengthen the role of certification in protecting the tropical forests at greatest risk from agricultural encroachment. We reflect upon the complex interactions between traditional government policies, and emerging market-based governance structures in this telecoupled system.

The role of leguminous cover crops in sustainable production of oil ...

African Journals Online (AJOL)

Leguminous cover crops have the potential for obtaining high and sustainable crop yields. They have been shown to play an important role in weed suppression, nutrition, growth and yield of oil palm. They also play an important role in soil erosion control and soil moisture conservation in plantations. The development of ...

Sustainable management in crop monocultures: the impact of retaining forest on oil palm yield.

Science.gov (United States)

Edwards, Felicity A; Edwards, David P; Sloan, Sean; Hamer, Keith C

2014-01-01

Tropical agriculture is expanding rapidly at the expense of forest, driving a global extinction crisis. How to create agricultural landscapes that minimise the clearance of forest and maximise sustainability is thus a key issue. One possibility is protecting natural forest within or adjacent to crop monocultures to harness important ecosystem services provided by biodiversity spill-over that may facilitate production. Yet this contrasts with the conflicting potential that the retention of forest exports dis-services, such as agricultural pests. We focus on oil palm and obtained yields from 499 plantation parcels spanning a total of ≈23,000 ha of oil palm plantation in Sabah, Malaysian Borneo. We investigate the relationship between the extent and proximity of both contiguous and fragmented dipterocarp forest cover and oil palm yield, controlling for variation in oil palm age and for environmental heterogeneity by incorporating proximity to non-native forestry plantations, other oil palm plantations, and large rivers, elevation and soil type in our models. The extent of forest cover and proximity to dipterocarp forest were not significant predictors of oil palm yield. Similarly, proximity to large rivers and other oil palm plantations, as well as soil type had no significant effect. Instead, lower elevation and closer proximity to forestry plantations had significant positive impacts on oil palm yield. These findings suggest that if dipterocarp forests are exporting ecosystem service benefits or ecosystem dis-services, that the net effect on yield is neutral. There is thus no evidence to support arguments that forest should be retained within or adjacent to oil palm monocultures for the provision of ecosystem services that benefit yield. We urge for more nuanced assessments of the impacts of forest and biodiversity on yields in crop monocultures to better understand their role in sustainable agriculture.

Sustaining Petroleum Exploration and Development in Mature Basins: Production Sharing Contracts and Financing of Joint Venture Oil and Gas Projects

International Nuclear Information System (INIS)

Chukwueke, T.

2002-01-01

Oil companies make a business by bearing the risks of investing in, and making profits from, oil and gas operations. International Oil Companies (IOC) are the recognised leaders in technology and develop expertise in the management of technical such as subsurface and surface uncertainties through seismic surveys, well drilling and production facilities. In export oriented oil and gas developments, IOCs also carry the commercial risks associated with the export market (ups and downs in the demand for oil and gas) that could make the project non-profitable, if not properly managed.Conversely, Local Oil Companies (LOCs), i.e. indigenous private or state owned companies, are more adapt at developing expertise in the management of the local environmental, domestic market and political risks associated with the area or country of operations. It is recognised that in certain countries some LOCs are also making significant progress in the acquisition of modern technology. Any critical business risks which cannot be adequately managed by either the IOC or the LOC will require the involvement of third party, who will normally provide guarantee or securitisation in one form or another.A partnership between local and international oil companies has become accepted to be the most secure and profitable arrangement in international oil and gas business. In the Niger Delta, which is mature oil and gas province and as such non-market related risks, particularly technical and supply risks, are substantially reduced, Joint Venture type of arrangement is considered the most suitable form of partnership. Joint Venture arrangement allows each partner to fund the venture in direct proportion to its participation interest. Because of the reduced risks profile, the joint venture is more bankable; each partner can therefore secure funding for its share with its revenue profile. In Nigeria, however, where the revenue profile (and consequently development budget) of the dominant local player

Intensification of esterification of non edible oil as sustainable feedstock using cavitational reactors.

Science.gov (United States)

Mohod, Ashish V; Subudhi, Abhijeet S; Gogate, Parag R

2017-05-01

Using sustainable feed stock such as non-edible oil for the biodiesel production can be one of the cost effective approaches considering the ever growing interest towards renewable energy and problems in existing approaches for production. However, due to the high free fatty acid content, non-edible oils require considerable preprocessing before the actual transesterification reaction for biodiesel production. The present work focuses on intensification of the esterification reaction used as preprocessing step based on acoustic and hydrodynamic cavitation also presenting the comparison with the conventional approach. Karanja oil with initial acid value as 14.15mg of KOH/g of oil has been used as a sustainable feedstock. Effect of operating parameters such as molar ratio, catalyst loading, temperature and type of catalyst (sulfuric acid and Amberlyst-15) on the acid value reduction has been investigated. The maximum reduction in the acid value (final acid value as 2.7mg of KOH/g of oil) was obtained using acoustic cavitation at optimum molar ratio of oil to methanol as 1:5 and 2% sulfuric acid loading at ambient temperature. In the case of hydrodynamic cavitation, acid value reduced upto 4.2mg of KOH under optimized conditions of first stage processing. In the second stage esterification using hydrodynamic cavitation and conventional approach, the final acid value was 3.6 and 3.8mg of KOH/g of oil respectively. Energy requirement analysis for ultrasound and conventional approaches clearly established the superiority of the ultrasound based approach. The present study clearly demonstrated that significant intensification benefits can be obtained in terms of the reduction in the molar ratio and operating temperature for the case of acoustic cavitation as compared to the conventional approach with somewhat lower effects for the hydrodynamic cavitation. Copyright © 2016 Elsevier B.V. All rights reserved.

Oil sands tax expenditures

International Nuclear Information System (INIS)

Ketchum, K; Lavigne, R.; Plummer, R.

2001-01-01

The oil sands are a strategic Canadian resource for which federal and provincial governments provide financial incentives to develop and exploit. This report describes the Oil Sands Tax Expenditure Model (OSTEM) developed to estimate the size of the federal income tax expenditure attributed to the oil sands industry. Tax expenditures are tax concessions which are used as alternatives to direct government spending for achieving government policy objectives. The OSTEM was developed within the business Income Tax Division of Canada's Department of Finance. Data inputs for the model were obtained from oil sands developers and Natural Resources Canada. OSTEM calculates annual revenues, royalties and federal taxes at project levels using project-level projections of capital investment, operating expenses and production. OSTEM calculates tax expenditures by comparing taxes paid under different tax regimes. The model also estimates the foregone revenue as a percentage of capital investment. Total tax expenditures associated with investment in the oil sands are projected to total $820 million for the period from 1986 to 2030, representing 4.6 per cent of the total investment. 10 refs., 2 tabs., 7 figs

Electric sales and revenue, 1990

International Nuclear Information System (INIS)

1992-01-01

The Electric Sales and Revenue is prepared by the Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels; Energy Information Administration (EIA); US Department of Energy. This publication provides information about sales of electricity, its associated revenue, and the average revenue per kilowatthour sold to residential, commercial, industrial, and other consumers throughout the United States. Previous publications presented data on typical electric bills at specified consumption levels as well as sales, revenues, and average revenue. The sales, revenue, and average revenue per kilowatthour provided in the Electric Sales and Revenue are based on annual data reported by electric utilities for the calendar year ending December 31, 1990. The electric revenue reported by each electric utility includes the revenue billed for the amount of kilowatthours sold, revenue from income, unemployment and other State and local taxes, energy or demand charges, consumer services charges, environmental surcharges, franchise fees, fuel adjustments, and other miscellaneous charges. Average revenue per kilowatthour is defined as the cost per unit of electricity sold and is calculated by dividing retail sales into the associated electric revenue. The sales of electricity, associated revenue, and average revenue per kilowatthour provided in this report are presented at the national, Census division, State, and electric utility levels

AGRO-INDUSTRIAL WASTE SUSTAINABLE MANAGEMENT – A POTENTIAL SOURCE OF ECONOMIC BENEFITS TO PALM OIL MILLS IN MALAYSIA

Directory of Open Access Journals (Sweden)

Wai Loan Liew

2017-01-01

Full Text Available Over the decades the palm oil industry has managed some challen ging environmental concerns regarding land transformation and degradation, increas e in eutrophication, changing habitats of wildlife, pesticides runoff into inland wa tercourses, and probable climate change. Countries producing palm oil desire to do so in a more sustainable way that will leave the environment evergreen. Therefore this paper aims to encourage sustainable management of agro-industrial waste and its potenti al in making financial returns from the same waste. Hence, the study was conducted with the participation of seven local palm oil mills having different capacities and oper ation age. Attention was given to milling waste as they could cause serious environmenta l menace if unattended to properly. Milling waste includ es lignocellulosic palm biomas s namely the empty fruit bunches (EFB, oil palm shell (OPS, mesocarp fibres, pal m oil mill effluent (POME, and palm oil mill sludge (POMS, as well as solid waste generated from the further processing of these biomass into the palm oil fuel ashe s (POFA and palm oil clinkers (POC. The opportunities available to the Malaysian pa lm oil industry and the financial benefits which may accr ue from waste generated during palm oil production process cannot be over emphasized.

Estimating oil product demand in Indonesia using a cointegrating error correction model

International Nuclear Information System (INIS)

Dahl, C.

2001-01-01

Indonesia's long oil production history and large population mean that Indonesian oil reserves, per capita, are the lowest in OPEC and that, eventually, Indonesia will become a net oil importer. Policy-makers want to forestall this day, since oil revenue comprised around a quarter of both the government budget and foreign exchange revenues for the fiscal years 1997/98. To help policy-makers determine how economic growth and oil-pricing policy affect the consumption of oil products, we estimate the demand for six oil products and total petroleum consumption, using an error correction-cointegration approach, and compare it with estimates on a lagged endogenous model using data for 1970-95. (author)

Nevada state revenues analysis

International Nuclear Information System (INIS)

1988-06-01

This report analyzes the major sources of revenue to the Nevada State General Fund for purposes of estimating impacts associated with the siting of a nuclear waste repository at Yucca Mountain in Nye County, Nevada. Each major revenue source is analyzed to identify relationships among the economic or demographic base, the revenue base, and the revenues generated. Trends and changes in the rates and/or base are highlighted. A model is developed for each revenue source to allow impact estimation

Yemen - the next big player? [as an oil producer

International Nuclear Information System (INIS)

Roberts, J.

1993-01-01

1993 should be the year in which United Yemen finally starts to fulfil its potential as a significant oil producer. In recession for three years, the country desperately needs the revenues and has spared no effort in its attempt to provide the right financial climate within which international oil companies can operate. But the last three years, in terms of revenues from actual oil production, have been disastrous, with production from the much-touted Shabwa fields persistently deferred and with the overall climate for the oil industry clouded by a border dispute with Saudi Arabia that prompted at least one western major, BP, to suspend operations for a while. (author)

Electric sales and revenue: 1993

Energy Technology Data Exchange (ETDEWEB)

1995-01-01

The Electric Sales and Revenue is prepared by the Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels; Energy Information Administration (EIA); US Department of Energy. This publication provides information about sales of electricity, its associated revenue, and the average revenue per kilowatthour sold to residential, commercial, industrial, and other consumers throughout the United States. The sales, revenue, and average revenue per kilowatthour data provided in the Electric Sales and Revenue are based on annual data reported by electric utilities for the calendar year ending December 31, 1993. Operating revenue includes energy charges, demand charges, consumer service charges, environmental surcharges, fuel adjustments, and other miscellaneous charges. The revenue does not include taxes, such as sales and excise taxes, that are assessed on the consumer and collected through the utility. Average revenue per kilowatthour is defined as the cost per unit of electricity sold and is calculated by dividing retail sales into the associated electric revenue. Because electric rates vary based on energy usage, average revenue per kilowatthour are affected by changes in the volume of sales. The sales of electricity, associated revenue, and average revenue per kilowatthour data provided in this report are presented at the national, Census division, State, and electric utility levels.

UK wants more revenue from North Sea oil

Energy Technology Data Exchange (ETDEWEB)

1973-03-09

The first report from the Committee of Public Accounts of the UK Parliament on North Sea gas and oil has revealed a situation under which the UK Exchequer apparently does not receive cash intake comparable to the Exchequers of other oil producing countries. So important are these findings that some of them are presented so that the industry at large, and particularly those engaged in North Sea exploration and production, will be aware of the UK situation. Recomendations are made that the government should take action substantially to improve the effective tax yield from operations on the continental shelf, and should consider among other methods the possibility of imposing a system of quantity taxation.

Our petroleum challenge : sustainability into the 21. century. 7. ed.

International Nuclear Information System (INIS)

Bott, R.D.; Carson, D.M.; Henderson, J.W.

2004-01-01

The Canadian Centre for Energy Information provides accurate information on all aspects of Canada's energy sector. This report reviews Canada's petroleum resources and the role they play in society. In particular, it discussed the origins of crude oil and natural gas, exploration, production, processing, transportation, refining, marketing and end-use. The report is intended for a diverse audience interested in hydrocarbons, natural gas, crude oil, bitumen, gasoline, petroleum, natural gas liquids, and liquefied natural gas. The report explains the science and technology of the upstream and downstream petroleum industry. Canada's hydrocarbon legacy was described in the first section, followed by exploration, land use, seismic surveys, drilling, and production issues. The challenges and opportunities facing the industry in the twenty-first century were also discussed with reference to sustainable development. Business aspects were also outlined in terms of revenues, public interest, petroleum prices, and employment. refs., tabs., figs

Strategic environmental assessment for sustainable expansion of palm oil biofuels in Brazilian north region

Energy Technology Data Exchange (ETDEWEB)

Carvalho, Carolina

2010-09-15

Biofuels development in Brazil is a key factor for the environment and sustainable development of the country. Brazil has great potential of available areas and has favourable climate and geography for biofuel production, such as palm oil, soy, sugar cane, etc. This research aims to evaluate palm oil production and expansion in Para state, in the north of Brazil and also Amazonian territory. Degraded land will be evaluated through remote sensing, because palm oil crops should be placed in these lands, and secondly, expansion scenarios would be created. This PhD research will be a decision support tool for public policies.

Assessment of OPEC's oil pricing policy from 1970 to 2000

International Nuclear Information System (INIS)

Kazim, A.

2007-01-01

The Organization of the Petroleum Exporting Countries (OPEC) is an international organization, composed of eleven developing countries that rely on oil revenues as their main source of income. The member countries include: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, United Arab Emirates, Saudi Arabia and Venezuela. These member countries collectively supply approximately 40 per cent of the world's oil output, and possess more than three-quarters of the world's total proven crude oil reserves. Currently, OPEC's approximate rate of oil production and export is 25 million barrels per day with Saudi Arabia alone contributing about one third of this rate. However, in the recent years the economy of major OPEC countries mainly Saudi Arabia, Venezuela, Algeria, Indonesia and Iran has been significantly hindered by the instability of oil price as a result of fluctuations in the American dollar. This paper presented a simple economical assessment of OPEC's oil pricing policy from 1970 to 2000. Fluctuations of the oil price in American dollars were analysed against other major currencies. Their influences on the generated revenues were determined. In order to explore the most advantageous scenario, the oil pricing policy during that period was compared with two baskets of currencies. It was concluded that results indicated that OPEC members could have achieved a total current savings of at least 170 billion dollars if the price of oil was linked to a basket of currencies from 1970 to 2000. These savings were approximately equivalent to the revenues generated in at least 1 year of OPEC's average rate of oil production and export. It was recommended that OPEC members should consider restructuring their oil pricing policy by taking effective measures such as linking the price of oil to a basket of currencies in order to stabilize the price of oil and secure stable revenue generated from their oil production and export. 17 refs., 1 tab., 4 figs

Pathways to Sustainability: 8-year follow-up from the PROSPER Project

Science.gov (United States)

Welsh, Janet A.; Chilenski, Sarah M.; Johnson, Lesley; Greenberg, Mark T.; Spoth, Richard L.

2016-01-01

The large-scale dissemination of evidence-based practices (EBPs) is often hindered by problems with sustaining initiatives past a period of initial grant funding. Communities often have difficulty generating resources needed to sustain and grow their initiatives, resulting in limited public health impact. The PROSPER project, initiated in 2001, provided community coalitions with intensive technical assistance around marketing, communications, and revenue generating strategies. Past reports from PROSPER have indicated that these coalitions were successful with sustaining their programming, and that sustainability could be predicted by early aspects of team functioning and leadership. The current study examines financial sustainability eight years following the discontinuation of grant funding, with an emphasis on sources of revenue and the relationships between revenue generation, team functioning, and EBP participation. This study used four waves of data related to resource generation collected between 2004-2010 by PROSPER teams in Iowa and Pennsylvania. Teams reported annually on the amount and sources of funding procured, as well as annual reports of team functioning and leadership and annual reports of EBP participation by youth and parents. Data revealed that teams' overall revenue generation increased over time. There was significant variation in success with revenue generation at both the community level and across the two states. Teams accessed a variety of sources. Cash revenue generation was positively and predictively associated with EBP participation, but relationships with team functioning and leadership ratings varied significantly by state. State level differences in in-kind support were also apparent. The results indicated that there are different pathways to sustainability, and that no one method works for all teams. The presence of state level infrastructures available to support prevention appeared to account for significant differences in

Strategy of Chavez determines oil future of Venezuela

International Nuclear Information System (INIS)

Widdershoven, C.

2008-01-01

The perspective of the oil and gas industry remains unclear as long as the current president, Hugo Chavez, continues to implement his own political ideas. The announcement of another tax increase on high oil revenues of oil companies will significantly weaken the appeal to invest in the oil sector. [mk] [nl

revenue management–sales relationship

OpenAIRE

Noone, B. M; Hultberg, T.

2011-01-01

Revenue management and sales staffs collaborate substantially in making decisions regarding rate setting, accepting group business, and forecasting. However, according to a survey of 82 sales and revenue management executives at three hotel chains (47 revenue managers and 35 sales executives), hotels could foster even better coordination between revenue management and sales by educating each group regarding the other group’s responsibilities. This might reduce sales staff frustrations about t...

The oil, gas and petrochemical industries. Sector report: Bahrain

International Nuclear Information System (INIS)

1993-01-01

Oil has played a crucial role in the development of Bahrain. In 1992 revenues from oil and related products accounted for 63% of total Government revenues (ie BD 314 million out of BD 498 million). The income is therefore of critical importance to public spending in Bahrain. This report attempts to outline the structure of the industry and to provide some pointers towards future developments which offer potential opportunities for British exporters. (author)

Oil palm land conversion in Pará, Brazil, from 2006-2014: evaluating the 2010 Brazilian Sustainable Palm Oil Production Program

Science.gov (United States)

Benami, E.; Curran, L. M.; Cochrane, M.; Venturieri, A.; Franco, R.; Kneipp, J.; Swartos, A.

2018-03-01

Global models of biophysical suitability for oil palm consistently rank Brazil as having the greatest potential for expansion, with estimates as high as 238 Mha of suitable lands. In 2010, Brazil launched the Sustainable Palm Oil Production Program (SPOPP) to incentivize oil palm development without deforestation on as much as 30 Mha. Here we examine oil palm expansion before and after the SPOPP’s launch. In Pará, the major oil palm producing state in Brazil, we analyze the extent and change in oil palm cultivation from 2006-2014 using satellite imagery, ground-truthed verification, site-based interviews, and rural environmental (land) registration data. Between 2006-2014, oil palm area (≥9 ha) expanded >200% to ~219 000 ha. Of the ~148 000 ha of oil palm developed, ~91% converted pasturelands while ~8% replaced natural vegetation, including intact and secondary forests. Although >80% of all oil palm parcels rest role of agro-ecological suitability mapping among them. Interviews indicated that: (1) individual effects of suitability mapping efforts to encourage oil palm expansion on cleared areas, i.e. without deforestation, cannot be disentangled from pre-existing public and private deforestation reduction initiatives; and, (2) socio-economic constraints, e.g. high relative production costs and limited familiarity with this crop, appear to partially explain the major discrepancy between estimated potential suitable areas with realized oil palm development.

Electric sales and revenue 1991

International Nuclear Information System (INIS)

1993-04-01

The Electric Sales and Revenue is prepared by the Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels; Energy Information Administration (EIA); US Department of Energy. This publication provides information about sales of electricity, its associated revenue, and the average revenue per kilowatthour sold to residential, commercial, industrial, and other consumers throughout the United States. Previous publications presented data on typical electric bills at specified consumption levels as well as sales, revenue, and average revenue. The sales of electricity, associated revenue, and average revenue per kilowatthour provided in this report are presented at the national, Census division, State, and electric utility levels

airline revenue management

OpenAIRE

Pak, K.; Piersma, Nanda

2002-01-01

textabstractWith the increasing interest in decision support systems and the continuous advance of computer science, revenue management is a discipline which has received a great deal of interest in recent years. Although revenue management has seen many new applications throughout the years, the main focus of research continues to be the airline industry. Ever since Littlewood (1972) first proposed a solution method for the airline revenue management problem, a variety of solution methods ha...

Palm oil mill effluent treatment and utilization to ensure the sustainability of palm oil industries.

Science.gov (United States)

Hasanudin, U; Sugiharto, R; Haryanto, A; Setiadi, T; Fujie, K

2015-01-01

The purpose of this study was to evaluate the current condition of palm oil mill effluent (POME) treatment and utilization and to propose alternative scenarios to improve the sustainability of palm oil industries. The research was conducted through field survey at some palm oil mills in Indonesia, in which different waste management systems were used. Laboratory experiment was also carried out using a 5 m(3) pilot-scale wet anaerobic digester. Currently, POME is treated through anaerobic digestion without or with methane capture followed by utilization of treated POME as liquid fertilizer or further treatment (aerobic process) to fulfill the wastewater quality standard. A methane capturing system was estimated to successfully produce renewable energy of about 25.4-40.7 kWh/ton of fresh fruit bunches (FFBs) and reduce greenhouse gas (GHG) emissions by about 109.41-175.35 kgCO2e/tonFFB (CO2e: carbon dioxide equivalent). Utilization of treated POME as liquid fertilizer increased FFB production by about 13%. A palm oil mill with 45 ton FFB/hour capacity has potential to generate about 0.95-1.52 MW of electricity. Coupling the POME-based biogas digester and anaerobic co-composting of empty fruit bunches (EFBs) is capable of adding another 0.93 MW. The utilization of POME and EFB not only increases the added value of POME and EFB by producing renewable energy, compost, and liquid fertilizer, but also lowers environmental burden.

Trinidad and Tobago: World Oil Report 1991

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that Trinidad and Tobago has decided to increase its oil export revenue by pumping as much crude as possible. This island nation consequently has embarked on a $403-million expansion project that covers everything from initiating secondary recovery at a number of fields to upgrading the Point a Pierre refinery. Trinidad and Tobago Oil Co. (Trintoc) is operating the project and has received a $260-million loan from the Inter-American Development Bank. Another $75 million is coming from the Export-Import Bank of Japan and the European Investment Bank. Trintoc based the work on $22 oil, a level still not achieved for any duration, but the firm shows every sign of finishing the project as planned. Completion of work should impact the nation significantly. Crude oil and products account for 60% of all exports and 24% of governmental revenue. However, oil production has tumbled about 65,000 bpd from a 1978 peak of 215,000 bpd

Why Revenue Diversification Matters

Science.gov (United States)

Leuhusen, Fredrik Carl Axel Peter

2017-01-01

Revenue diversification is a term that becomes more relevant as higher education institutions are confronted with increased regulation, competition, declining enrollments, and strained finances. A challenge that many institutions face is that expenditures are higher than revenues and increase faster than them. The term Revenue diversification…

Sustainable Solution for Crude Oil and Natural Gas Separation using Concentrated Solar Power Technology

Science.gov (United States)

Choudhary, Piyush; Srivastava, Rakesh K.; Nath Mahendra, Som; Motahhir, Saad

2017-08-01

In today’s scenario to combat with climate change effects, there are a lot of reasons why we all should use renewable energy sources instead of fossil fuels. Solar energy is one of the best options based on features like good for the environment, independent of electricity prices, underutilized land, grid security, sustainable growth, etc. This concept paper is oriented primarily focused on the use of Solar Energy for the crude oil heating purpose besides other many prospective industrial applications to reduce cost, carbon footprint and moving towards a sustainable and ecologically friendly Oil & Gas Industry. Concentrated Solar Power technology based prototype system is proposed to substitute the presently used system based on natural gas burning method. The hybrid system which utilizes the solar energy in the oil and gas industry would strengthen the overall field working conditions, safety measures and environmental ecology. 40% reduction on natural gas with this hybrid system is estimated. A positive implication for an environment, working conditions and safety precautions is the additive advantage. There could also decrease air venting of CO2, CH4 and N2O by an average of 30-35%.

Jackson Revenue Budget

Data.gov (United States)

City of Jackson, Mississippi — This dataset shows the City of Jackson's FY2017 revenue budget, revenue collected to date, and the balance remaining to be collected. The data can be broken down by...

Rubber seed oil: A potential renewable source of biodiesel for sustainable development in sub-Saharan Africa

International Nuclear Information System (INIS)

Onoji, Samuel E.; Iyuke, Sunny E.; Igbafe, Anselm I.; Nkazi, Diakanua B.

2016-01-01

Highlights: • Sub-Saharan Africa countries have about 251 million rubber trees with the capacity to produce over 16 kilo ton of biodiesel. • Rubber seed oil has wider industrial applications and its biodiesel properties compete favorably with other non-edible oils. • Rubber seed oil is a sustainable and affordable source of biodiesel for sub-Saharan Africa development. • Plantain peels that are in abundance in sub-Saharan Africa is a source of base catalyst for the transesterification of rubber seed oil. • This is no regulatory framework and bioenergy policy in sub-Saharan Africa on the use of waste rubber seeds. - Abstract: The global energy demand is currently met by the use of non-renewable fossil fuels. The challenges of non-availability of these fuels in the future, instability in prices of crude oil and its negative environmental impacts, stimulated researchers in the global community in search of renewable energies for replacement of fossil fuels in future. Biodiesel has been identified as a good complement and plausible replacement of fossil diesel because of the overwhelming characteristic properties similar to fossil diesel in addition to its good lubricity, biodegradability, non-toxicity and eco-friendliness when used in diesel engines. The production of biodiesel from edible vegetable oils competes with food consumption and consequently high cost of food and biodiesel. Studies have shown that rubber seed contains 35–45 wt.% oil which portrays a better competitor to other non-edible oil bearing plants in biodiesel production. Biodiesel produced from non-edible rubber seed oil (RSO) is an attractive option for the sustainable development of sub-Saharan Africa (SSA) countries that depend heavily on fossil diesel. The application of abundant plantain (Musa paradisiacal) peels considered as waste in SSA countries as heterogeneous base catalyst in RSO biodiesel production will further reduce the cost of biodiesel. Rubber trees (Hevea brasiliensis

Health insurance in Croatia: dynamics and politics of balancing revenues and expenditures.

Science.gov (United States)

Voncina, Luka; Kehler, Jenni; Evetovits, Tamas; Bagat, Mario

2010-04-01

Since 2002, the Croatian social health insurance system has undergone substantial reforms, initiated for the most part with the aim of addressing the perpetual financial deficits of the state health insurance fund. While the reforms focussed heavily on increasing the inflow of private funds into the health care system, underlying inefficiencies contributing significantly to poor financial performance have been largely ignored. Furthermore, contrary to demographic trends and developments in social health insurance schemes in other countries, funding health care became even more dependent on its main collection mechanism-payroll tax-and consequently on the employment ratio and wage level. Little effort has been made to diversify the revenue base or to increase the efficiency of revenue collection. Like other countries, Croatia is facing difficulties in adjusting its 'Bismarck' system to its changing demographic and socioeconomic context. Instead of targetting a comprehensive effort at improving revenue collection and limitating unnecessary expenditure and system inefficiencies, simplified approaches to balance the budget have been implemented at a high price to users and with limited effect. As a result, the Croatian health insurance system now offers a lower level of financial protection, while still facing the problem of spending more than can be collected through the current mix of revenue collection mechanisms. The authors suggest that, in order to meet the sustainability requirement of the health financing system, measures affecting both revenue and expenditure should be considered and implemented. On the revenue collection side, the Croatian government must make further efforts to improve collection from the informally employed to broaden the base of contributing members; equally important is the diversification of revenue sources by increasing transfers from general taxation revenues. On the expenditure side, exploring inefficiencies of the delivery system can

ANALISIS PENGELOLAAN LINGKUNGAN PABRIK KELAPA SAWIT BATU AMPAR - PT. SMART Tbk. DALAM IMPLEMENTASI INDONESIAN SUSTAINABLE PALM OIL

Directory of Open Access Journals (Sweden)

Hendra Septiawan

2015-12-01

Full Text Available Indonesian Sustainable Palm Oil (ISPO is a standard system of sustainable palm oil plantations in Indonesia are economically viable, socially viable and environmentally friendly which is compulsory in accordance with the regulations. This study aims to analyze the environmental management performance in palm oil mill Batu Ampar and formulate the performance optimization based on the ISPO requirements. The evaluation shows that the company can meet the 38 indicators related to environmental management with some of the achievements include utilization of renewable energy sources that generate energy by 5.0664 million KWh, amounting to 1,677,615.89 liters of diesel fuel savings, reduction in CO2 emissions by 70.63 Kg / ton CPO, chemical fertilizers worth saving Rp.5.750.080,00 / ha / year. The optimization strategy for continuous improvement which is based on the SWOT analysis include: the selection of accredited laboratories, improve the performance of Waste Water Treatment Plant, planned to construct methane capture, optimizing the utilization of solid waste, optimizing the reduction of hazardous waste, provide input in determining government policy, and training routine related to environmental management to improve the competence of personnel.Keywords: environmental management, optimization, performance, sustainable

Nevada local government revenues analysis

International Nuclear Information System (INIS)

1988-06-01

This report analyzes the major sources of revenue for Nevada local government for purposes of estimating the impacts associated with the siting of a nuclear waste repository at Yucca Mountain. Each major revenue source is analyzed separately to identify relationships between the economic or demographic base, the revenue base and the revenues generated. Trends and changes in the rates and/or base are highlighted. A model is developed for each component to allow impact estimation. This report is a companion to the report Nevada State Revenues Analysis

Balancing medicine prices and business sustainability: analyses of pharmacy costs, revenues and profit shed light on retail medicine mark-ups in rural Kyrgyzstan.

Science.gov (United States)

Waning, Brenda; Maddix, Jason; Soucy, Lyne

2010-07-13

Numerous not-for-profit pharmacies have been created to improve access to medicines for the poor, but many have failed due to insufficient financial planning and management. These pharmacies are not well described in health services literature despite strong demand from policy makers, implementers, and researchers. Surveys reporting unaffordable medicine prices and high mark-ups have spurred efforts to reduce medicine prices, but price reduction goals are arbitrary in the absence of information on pharmacy costs, revenues, and profit structures. Health services research is needed to develop sustainable and "reasonable" medicine price goals and strategic initiatives to reach them. We utilized cost accounting methods on inventory and financial information obtained from a not-for-profit rural pharmacy network in mountainous Kyrgyzstan to quantify costs, revenues, profits and medicine mark-ups during establishment and maintenance periods (October 2004-December 2007). Twelve pharmacies and one warehouse were established in remote Kyrgyzstan with 100%, respectively. Annual mark-ups increased dramatically each year to cover increasing recurrent costs, and by 2007, only 19% and 46% of products revealed mark-ups of 100%. 2007 medicine mark-ups varied substantially across these products, ranging from 32% to 244%. Mark-ups needed to sustain private pharmacies would be even higher in the absence of government subsidies. Pharmacy networks can be established in hard-to-reach regions with little funding using public-private partnership, resource-sharing models. Medicine prices and mark-ups must be interpreted with consideration for regional costs of business. Mark-ups vary dramatically across medicines. Some mark-ups appear "excessive" but are likely necessary for pharmacy viability. Pharmacy financial data is available in remote settings and can be used towards determination of "reasonable" medicine price goals. Health systems researchers must document the positive and negative

Naval Petroleum and Oil Shale Reserves. Annual report of operations, Fiscal year 1993

International Nuclear Information System (INIS)

1993-01-01

During fiscal year 1993, the reserves generated $440 million in revenues, a $33 million decrease from the fiscal year 1992 revenues, primarily due to significant decreases in oil and natural gas prices. Total costs were $207 million, resulting in net cash flow of $233 million, compared with $273 million in fiscal year 1992. From 1976 through fiscal year 1993, the Naval Petroleum and Oil Shale Reserves generated $15.7 billion in revenues for the US Treasury, with expenses of $2.9 billion. The net revenues of $12.8 billion represent a return on costs of 441 percent. See figures 2, 3, and 4. In fiscal year 1993, production at the Naval Petroleum and Oil Shale Reserves at maximum efficient rates yielded 25 million barrels of crude oil, 123 billion cubic feet of natural gas, and 158 million gallons of natural gas liquids. The Naval Petroleum and Oil Shale Reserves has embarked on an effort to identify additional hydrocarbon resources on the reserves for future production. In 1993, in cooperation with the US Geological Survey, the Department initiated a project to assess the oil and gas potential of the program's oil shale reserves, which remain largely unexplored. These reserves, which total a land area of more than 145,000 acres and are located in Colorado and Utah, are favorably situated in oil and gas producing regions and are likely to contain significant hydrocarbon deposits. Alternatively the producing assets may be sold or leased if that will produce the most value. This task will continue through the first quarter of fiscal year 1994

Global sustainable timber supply and demand

Science.gov (United States)

Peter J. Ince

2010-01-01

Industrial timber use has provided timber revenue that has helped make timber supply and demand more sustainable in the leading timber producing regions of the world. Sustainable development implies not consuming more resources today than we can replace tomorrow, but sustainable forest management implies more than merely a non-declining supply of timber. Forests as a...

Renewable and sustainable bioenergies production from palm oil mill effluent (POME): win-win strategies toward better environmental protection.

Science.gov (United States)

Lam, Man Kee; Lee, Keat Teong

2011-01-01

Palm oil industry is one of the leading agricultural industries in Malaysia with average crude palm oil production of more than 13 million tonne per year. However, production of such huge amount of crude palm oil has consequently resulted to even larger amount of palm oil mill effluent (POME). POME is a highly polluting wastewater with high chemical oxygen demand (COD) and biochemical oxygen demand (BOD) in which can caused severe pollution to the environment, typically pollution to water resources. On the other hand, POME was identified as a potential source to generate renewable bioenergies such as biomethane and biohydrogen through anaerobic digestion. In other words, a combination of wastewater treatment and renewable bioenergies production would be an added advantage to the palm oil industry. In line with the world's focus on sustainability concept, such strategy should be implemented immediately to ensure palm oil is produced in an environmental friendly and sustainable manner. This review aims to discuss various technologies to convert POME to biomethane and biohydrogen in a commercial scale. Furthermore, discussion on using POME to culture microalgae for biodiesel and bioethanol production was included in the present paper as a new remedy to utilize POME with a greater beneficial return. Copyright © 2010 Elsevier Inc. All rights reserved.

Energy planning and investment for increased earnings: the case of Nigeria's oil and gas resources

Energy Technology Data Exchange (ETDEWEB)

Ojo, A T

1984-03-01

In view of Nigeria's limited reserves of oil and the high growth rate of oil consumption, and in the wake of the developments in the world oil market since 1981 which have resulted in a drastic shortfall in Nigeria's revenues, the main objective of this article is to highlight some important issues that would spur policy makers towards improved energy planning and increased energy investment in Nigeria so as to assist her in the rationalization of the energy production-mix and consumption, as well as in earning increased revenues from her oil and gas resources. Policymakers in Nigeria are called upon to put an end to further procrastination concerning the liquefied natural gas (LNG) investment project so that the bulk of the country's gas, which is presently being flared, can be re-injected, consumed locally, and exported to supplement dwindling oil revenues. 23 notes and references, 3 tables.

TENDENCIES IN THE DEVELOPMENT OF BUDGET REVENUES UNDER THE IMPACT OF TAX POLICY OF ROMANIA

Directory of Open Access Journals (Sweden)

DOBROTĂ GABRIELA

2016-10-01

Full Text Available Currently, the need to ensure sustainable development has become a central point of debates and of the economic policies. Obviously, the influence of the level of financial resources mobilized at the state level is crucial, reason for it is necessary to promote a sustainable fiscal policy. The purpose of this paper is to analyze the influence of fiscal policy measures on budget revenues, in terms of volume and their structure in Romania. Empirical researchs realised, reflected a longitudinal study that targeted budget income trends between 2006-2015, both in terms of total volume and in terms of revenues for each category of taxation. The results of this study demonstrate the use of a pro-cyclical fiscal policy, with negative effects in terms of the impact on the budget deficit and a poor correlation with other components of macroeconomic policy.

Growth - Sustainable aquafeeds for marine finfish: Effects of vegetable oil replacement feeds containing novel microalgal and fungal oils on growth performance of juvenile sablefish

Data.gov (United States)

National Oceanic and Atmospheric Administration, Department of Commerce — The concomitant replacement of fish meal and fish oil in carnivorous marine fish feeds by more sustainable terrestrial alternatives is problematic due to the limited...

Sostenibilidad, plan de desarrollo y política petrolera Sustainability, Development Plan and oil policy

Directory of Open Access Journals (Sweden)

Álvarez H. Carlos G.

1999-06-01

Full Text Available Este ensayo examina la politica petrolera y de recursos naturales del Plan de Desarrollo. Muestra, en particular, que las declaraciones de 'sostenibilidad' son inconsistentes con las politicas que se adelantan y que se trata de una propuesta de incrementos desaforados de la produccion petrolera bajo la mirada de la economia estandar. El 'desarrollo sostenible' resulta siendo tarea de las generaciones futuras, desconociendo el mandato constitucional. Tambien discute la propuesta de reforma a la ley de regalias implicita en el articulo 60 del proyecto de ley de plan de desarrollo y muestra que se emplean indicadores de competitividad manipulados para subestimar la competitividad colombiana. De acuerdo con el analisis efectuado por el Ministerio de Minas no parece razonable aprobar esa reforma si se trata de mejorar la competitividad financiera. En suma, la actual politica petrolera no introduce elementos de democracia y sostenibilidad.This essay examines the oil and natural resource policies of the Development Plan. In particular, it shows that its declarations of 'sustainability' are inconsistent with the policies it puts forward and that it is really a proposal for boundless increases in oil production under the gaze of the standard economy. 'Sustainable development' turns out to be the task of future generations, ignoring the constitutional mandate.
It also discusses the proposal for reform of the law on payments for oil and mineral exploitation implicit in Article 60 of the Plan's law proposal and shows that the competitiveness indicators it uses are manipulated to underestimate Colombian competi tiveness. In accordance with the analysis carried out by the Ministry of Mines, it does not appear reasonable to approve this reform if the purpose is to improve financial competitiveness. In sum, the current oil policy does not introduce elements of democracy or of sustainability.

Oil sands economic impacts Canada : CERI report : backgrounder

International Nuclear Information System (INIS)

2005-09-01

Oil sands production now accounts for 1 out of every 2 barrels of supply in Western Canada. It is anticipated that Alberta's oil sands sector will experience significant growth over the next few decades. This paper provided an outline of the challenges and economic impacts resulting from oil sands development in Canada. Alberta's oil sands reserves are estimated at 175 billion barrels that are deemed economically recoverable using current technology. At current production levels, reserves will sustain production of 2.5 million barrels per day for the next 200 years. A study by the Canadian Energy Research Institute (CERI) has forecast $100 billion in investment for the 2000-2020 period. Numerous companies hold leases and are planning new projects. A number of recent advances in oil sands technology are expected to further reduce costs as development matures. A royalty and tax regime that provides long-term fiscal certainty is a key factor that supports current oil sands growth forecasts. The CERI study has indicated that economic spinoffs from oil sands development relate to employment generated outside of Alberta, and that the largest percentage of government revenue accrues to the federal government. However, development may be constrained because the pace of growth in the sector may exceed underlying infrastructure related to roads, housing and municipal services. An adequate workforce of qualified trades and technical and professional people is also crucial. Several pipeline projects have been proposed to deliver oil sands crudes to new markets over the next decade. It was concluded that the billions of dollars invested in oil sands in Alberta will contribute to the economic prosperity of the entire country. 11 figs

Misplaced generosity: extraordinary profits in Alberta's oil and gas industry

International Nuclear Information System (INIS)

Boychuk, R.

2010-11-01

This document gives a picture extended over a decade of the revenues, investment levels and profits of the Alberta's oil and gas industry. It also investigates on the distribution of those revenues and profits that were accrued to the provincial government through royalties and land sales. This document, tries to fill the information gaps left by the current government's achievement as Albertans' oil and gas trustee, pointing out the ongoing lack of responsibility in this province's most important economic sector.

NIGERIA’S ECONOMIC GROWTH THROUGH TOURISM PROMOTION/SUSTAINABILITY

Directory of Open Access Journals (Sweden)

Victor N. ITUMO

2017-08-01

Full Text Available Nigeria is currently facing economic growth and development challenge. The economic challenge is occasioned by mono-cultural economic reliance on the single resource of crude oil export revenue as well as other internal and international effects that affect her economic drive for heightened growth and development. The Nigerian government had over the years searched for ways of diversifying its economy for greater growth and development especially given the various challenges in the economy, mainly the steep reduction in crude oil revenue arising from volatility of global oil price. This paper therefore uses the research methodology of case study to do a holistic assessment of the possibility of Nigeria diversifying into her tourism potentials for economic growth and development. This would be done equally by drawing relevant comparative analysis of other countries bringing economic benefits in Africa and across the globe.

Malaysian palm oil. Surviving the food versus fuel dispute for a sustainable future

International Nuclear Information System (INIS)

Lam, Man Kee; Tan, Kok Tat; Lee, Keat Teong; Mohamed, Abdul Rahman

2009-01-01

For the past few decades, palm oil has gone through a revolution that few would have predicted. From a humble source of edible oil that was heavily criticized as being un-healthy and un-fit for human consumption, it has proven itself based on scientific findings that it is indeed one of the most nutritious edible oils in the world. Besides, palm oil, the cheapest vegetable oil in the market has diversified as one of the main feedstock for oleo-chemical industries. Recently, with the price of crude petroleum hitting records height every other day, palm oil has become one of the few feasible sources for biodiesel, a renewable substitute for petroleum-derived diesel. Nevertheless, the conversion of palm oil into biodiesel has again received criticism from various NGOs worldwide, mainly on extinction of orang utans, deforestation and particularly the food versus fuel dispute. It was claimed that the conversion of food crops to fuel would significantly increase the number of undernourished people in the world. Malaysia, being the world second largest producer of palm oil, is not spared from this criticism. On the contrary, in the present study it was found that palm oil is indeed the most economical and sustainable source of food and biofuel in the world market. Besides, it was shown that it has the capacity to fulfill both demands simultaneously rather than engaging in priority debate. Nevertheless, fuel is now a necessity rather than a luxury for economy and development purposes. A few strategies will then be presented on how palm oil can survive in this feud and emerged as the main supply of affordable and healthy source of edible oil while concurrently satisfying the market demand for biodiesel throughout the world. (author)

Malaysian palm oil. Surviving the food versus fuel dispute for a sustainable future

Energy Technology Data Exchange (ETDEWEB)

Lam, Man Kee; Tan, Kok Tat; Lee, Keat Teong; Mohamed, Abdul Rahman [School of Chemical Engineering, Engineering Campus, Universiti Sains Malaysia, 14300 Nibong Tebal, Seberang Perai Selatan, Pulau Pinang (Malaysia)

2009-08-15

For the past few decades, palm oil has gone through a revolution that few would have predicted. From a humble source of edible oil that was heavily criticized as being un-healthy and un-fit for human consumption, it has proven itself based on scientific findings that it is indeed one of the most nutritious edible oils in the world. Besides, palm oil, the cheapest vegetable oil in the market has diversified as one of the main feedstock for oleo-chemical industries. Recently, with the price of crude petroleum hitting records height every other day, palm oil has become one of the few feasible sources for biodiesel, a renewable substitute for petroleum-derived diesel. Nevertheless, the conversion of palm oil into biodiesel has again received criticism from various NGOs worldwide, mainly on extinction of orang utans, deforestation and particularly the food versus fuel dispute. It was claimed that the conversion of food crops to fuel would significantly increase the number of undernourished people in the world. Malaysia, being the world second largest producer of palm oil, is not spared from this criticism. On the contrary, in the present study it was found that palm oil is indeed the most economical and sustainable source of food and biofuel in the world market. Besides, it was shown that it has the capacity to fulfill both demands simultaneously rather than engaging in priority debate. Nevertheless, fuel is now a necessity rather than a luxury for economy and development purposes. A few strategies will then be presented on how palm oil can survive in this feud and emerged as the main supply of affordable and healthy source of edible oil while concurrently satisfying the market demand for biodiesel throughout the world. (author)

Oil Price Volatility and Economic Growth in Nigeria: a Vector Auto-Regression (VAR Approach

Directory of Open Access Journals (Sweden)

Edesiri Godsday Okoro

2014-02-01

Full Text Available The study examined oil price volatility and economic growth in Nigeria linking oil price volatility, crude oil prices, oil revenue and Gross Domestic Product. Using quarterly data sourced from the Central Bank of Nigeria (CBN Statistical Bulletin and World Bank Indicators (various issues spanning 1980-2010, a non‐linear model of oil price volatility and economic growth was estimated using the VAR technique. The study revealed that oil price volatility has significantly influenced the level of economic growth in Nigeria although; the result additionally indicated a negative relationship between the oil price volatility and the level of economic growth. Furthermore, the result also showed that the Nigerian economy survived on crude oil, to such extent that the country‘s budget is tied to particular price of crude oil. This is not a good sign for a developing economy, more so that the country relies almost entirely on revenue of the oil sector as a source of foreign exchange earnings. This therefore portends some dangers for the economic survival of Nigeria. It was recommended amongst others that there should be a strong need for policy makers to focus on policy that will strengthen/stabilize the economy with specific focus on alternative sources of government revenue. Finally, there should be reduction in monetization of crude oil receipts (fiscal discipline, aggressive saving of proceeds from oil booms in future in order to withstand vicissitudes of oil price volatility in future.

Chemical composition - Sustainable aquafeeds for marine finfish: Effects of vegetable oil replacement feeds containing novel microalgal and fungal oils on growth performance of juvenile sablefish

Data.gov (United States)

National Oceanic and Atmospheric Administration, Department of Commerce — The concomitant replacement of fish meal and fish oil in carnivorous marine fish feeds by more sustainable terrestrial alternatives is problematic due to the limited...

Lipid composition - Sustainable aquafeeds for marine finfish: Effects of vegetable oil replacement feeds containing novel microalgal and fungal oils on growth performance of juvenile sablefish

Data.gov (United States)

National Oceanic and Atmospheric Administration, Department of Commerce — The concomitant replacement of fish meal and fish oil in carnivorous marine fish feeds by more sustainable terrestrial alternatives is problematic due to the limited...

Electric sales and revenue 1992, April 1994

Energy Technology Data Exchange (ETDEWEB)

1994-04-20

The Electric Sales and Revenue is prepared by the Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels; Energy Information Administration (EIA); US Department of Energy. This publication provides information about sales of electricity, its associated revenue, and the average revenue per kilowatthour sold to residential, commercial, industrial, and other consumers throughout the United States. The sales, revenue, and average revenue per kilowatthour provided in the Electric Sales and Revenue are based on annual data reported by electric utilities for the calendar year ending December 31, 1992. The electric revenue reported by each electric utility includes the applicable revenue from kilowatthours sold; revenue from income; unemployment and other State and local taxes; energy, demand, and consumer service charges; environmental surcharges; franchise fees; fuel adjustments; and other miscellaneous charges. The revenue does not include taxes, such as sales and excise taxes, that are assessed on the consumer and collected through the utility. Average revenue per kilowatthour is defined as the cost per unit of electricity sold and is calculated by dividing retail sales into the associated electric revenue. The sales of electricity, associated revenue, and average revenue per kilowatthour provided in this report are presented at the national, Census division, State, and electric utility levels.

Electric sales and revenue 1992, April 1994

International Nuclear Information System (INIS)

1994-01-01

The Electric Sales and Revenue is prepared by the Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels; Energy Information Administration (EIA); US Department of Energy. This publication provides information about sales of electricity, its associated revenue, and the average revenue per kilowatthour sold to residential, commercial, industrial, and other consumers throughout the United States. The sales, revenue, and average revenue per kilowatthour provided in the Electric Sales and Revenue are based on annual data reported by electric utilities for the calendar year ending December 31, 1992. The electric revenue reported by each electric utility includes the applicable revenue from kilowatthours sold; revenue from income; unemployment and other State and local taxes; energy, demand, and consumer service charges; environmental surcharges; franchise fees; fuel adjustments; and other miscellaneous charges. The revenue does not include taxes, such as sales and excise taxes, that are assessed on the consumer and collected through the utility. Average revenue per kilowatthour is defined as the cost per unit of electricity sold and is calculated by dividing retail sales into the associated electric revenue. The sales of electricity, associated revenue, and average revenue per kilowatthour provided in this report are presented at the national, Census division, State, and electric utility levels

Oil price fluctuations and their impact on the macroeconomic variables of Kuwait: a case study using a VAR model

International Nuclear Information System (INIS)

Eltony, M. Nagy; Al-Awadi, Mohammad

2001-01-01

In this study, a vector autoregression model (VAR) and a vector error correction model (VECM) were estimated to examine the impact of oil price fluctuations on seven key macroeconomic variables for the Kuwaiti economy. Quarterly data for the period 1984-1998 were utilised. Theoretically and empirically speaking, VECM is superior to the VAR approach. Also, the results corresponding to the VECM model are closer to common sense. However, the estimated models indicate a high degree of interrelation between major macroeconomic variables. The empirical results highlight the causality running from the oil prices and oil revenues, to government development and current expenditure and then towards other variables. For the most part, the empirical evidence indicates that oil price shocks and hence oil revenues have a notable impact on government expenditure, both development and current. However, government development expenditure has been influenced relatively more. The results also point out the significant of the CPI in explaining a notable part of the variations of both types of government expenditure. On the other hand, the variations in value of imports are mostly accounted for by oil revenue fluctuations. On the other hand, the variations in value of imports are mostly accounted for by oil revenue fluctuations and then by the fluctuation in government development expenditures. Also, the results from the VECM approach indicate that a significant part of LM2 variance is explained by the variance in oil revenue. It reaches about 46 per cent in the 10th quarter, even more than its own variations. (Author)

In situ thermal polymerisation of natural oils as novel sustainable approach in nanographite particle production

Science.gov (United States)

Datsyuk, Vitaliy; Trotsenko, Svitlana; Reich, Stephanie

2018-01-01

A sustainable approach to graphite exfoliation via in situ thermal polymerization of fish oil results in the production of nanographite particles. The material was characterized by elemental analysis, transmission electron microscopy, and Raman spectroscopy. The thermal polymerization of fish oil was controlled by monitoring the viscosity and measuring the iodine number. The number of structural defects on the graphitic surface remained constant during the synthesis. The protocol leads to a hydrophobization of the nanographite surface. Immobilized polyoil islands create sterical hindrance and stabilize the nanographite particles in engineering polymers.

Synthesis and self-assembly behavior of a biodegradable and sustainable soybean oil-based copolymer nanomicelle

Science.gov (United States)

Bao, Lixia; Bian, Longchun; Zhao, Mimi; Lei, Jingxin; Wang, Jiliang

2014-08-01

Herein, we report a novel amphiphilic biodegradable and sustainable soybean oil-based copolymer (SBC) prepared by grafting hydrophilic and biocompatible hydroxyethyl acrylate (HEA) polymeric segments onto the natural hydrophobic soybean oil chains. FTIR, H1-NMR, and GPC measurements have been used to investigate the molecular structure of the obtained SBC macromolecules. Self-assembly behaviors of the prepared SBC in aqueous solution have also been extensively evaluated by fluorescence spectroscopy and transmission electron microscopy. The prepared SBC nanocarrier with the size range of 40 to 80 nm has a potential application in the biomedical field.

DHA-Containing Oilseed: A Timely Solution for the Sustainability Issues Surrounding Fish Oil Sources of the Health-Benefitting Long-Chain Omega-3 Oils

Directory of Open Access Journals (Sweden)

Soressa M. Kitessa

2014-05-01

Full Text Available Benefits of long-chain (≥C20 omega-3 oils (LC omega-3 oils for reduction of the risk of a range of disorders are well documented. The benefits result from eicosapentaenoic acid (EPA and docosahexaenoic acid (DHA; optimal intake levels of these bioactive fatty acids for maintenance of normal health and prevention of diseases have been developed and adopted by national and international health agencies and science bodies. These developments have led to increased consumer demand for LC omega-3 oils and, coupled with increasing global population, will impact on future sustainable supply of fish. Seafood supply from aquaculture has risen over the past decades and it relies on harvest of wild catch fisheries also for its fish oil needs. Alternate sources of LC omega-3 oils are being pursued, including genetically modified soybean rich in shorter-chain stearidonic acid (SDA, 18:4ω3. However, neither oils from traditional oilseeds such as linseed, nor the SDA soybean oil have shown efficient conversion to DHA. A recent breakthrough has seen the demonstration of a land plant-based oil enriched in DHA, and with omega-6 PUFA levels close to that occurring in marine sources of EPA and DHA. We review alternative sources of DHA supply with emphasis on the need for land plant oils containing EPA and DHA.

DHA-Containing Oilseed: A Timely Solution for the Sustainability Issues Surrounding Fish Oil Sources of the Health-Benefitting Long-Chain Omega-3 Oils

Science.gov (United States)

Kitessa, Soressa M.; Abeywardena, Mahinda; Wijesundera, Chakra; Nichols, Peter D.

2014-01-01

Benefits of long-chain (≥C20) omega-3 oils (LC omega-3 oils) for reduction of the risk of a range of disorders are well documented. The benefits result from eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA); optimal intake levels of these bioactive fatty acids for maintenance of normal health and prevention of diseases have been developed and adopted by national and international health agencies and science bodies. These developments have led to increased consumer demand for LC omega-3 oils and, coupled with increasing global population, will impact on future sustainable supply of fish. Seafood supply from aquaculture has risen over the past decades and it relies on harvest of wild catch fisheries also for its fish oil needs. Alternate sources of LC omega-3 oils are being pursued, including genetically modified soybean rich in shorter-chain stearidonic acid (SDA, 18:4ω3). However, neither oils from traditional oilseeds such as linseed, nor the SDA soybean oil have shown efficient conversion to DHA. A recent breakthrough has seen the demonstration of a land plant-based oil enriched in DHA, and with omega-6 PUFA levels close to that occurring in marine sources of EPA and DHA. We review alternative sources of DHA supply with emphasis on the need for land plant oils containing EPA and DHA. PMID:24858407

DHA-containing oilseed: a timely solution for the sustainability issues surrounding fish oil sources of the health-benefitting long-chain omega-3 oils.

Science.gov (United States)

Kitessa, Soressa M; Abeywardena, Mahinda; Wijesundera, Chakra; Nichols, Peter D

2014-05-22

Benefits of long-chain (≥C20) omega-3 oils (LC omega-3 oils) for reduction of the risk of a range of disorders are well documented. The benefits result from eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA); optimal intake levels of these bioactive fatty acids for maintenance of normal health and prevention of diseases have been developed and adopted by national and international health agencies and science bodies. These developments have led to increased consumer demand for LC omega-3 oils and, coupled with increasing global population, will impact on future sustainable supply of fish. Seafood supply from aquaculture has risen over the past decades and it relies on harvest of wild catch fisheries also for its fish oil needs. Alternate sources of LC omega-3 oils are being pursued, including genetically modified soybean rich in shorter-chain stearidonic acid (SDA, 18:4ω3). However, neither oils from traditional oilseeds such as linseed, nor the SDA soybean oil have shown efficient conversion to DHA. A recent breakthrough has seen the demonstration of a land plant-based oil enriched in DHA, and with omega-6 PUFA levels close to that occurring in marine sources of EPA and DHA. We review alternative sources of DHA supply with emphasis on the need for land plant oils containing EPA and DHA.

Electric sales and revenue 1997

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-10-01

The Electric Sales and Revenue is prepared by the Electric Power Division; Office of Coal, Nuclear, Electric and Alternate Fuels; Energy Information Administration (EIA); US Department of Energy. Information is provided on electricity sales, associated revenue, average revenue per kilowatthour sold, and number of consumers throughout the US. The data provided in the Electric Sales and Revenue are presented at the national, Census division, State, and electric utility levels. The information is based on annual data reported by electric utilities for the calendar year ending December 31, 1997. 16 figs., 17 tabs.

Electric sales and revenue 1994

Energy Technology Data Exchange (ETDEWEB)

NONE

1995-11-01

The Electric Sales and Revenue is prepared by the Coal and Electric Data and Renewables Division; Office of Coal, Nuclear, Electric and Alternate Fuels; Energy Information Administration (EIA); US Department of Energy. Information is provided on electricity sales, associated revenue, average revenue per kilowatthour sold, and number of consumers throughout the United States. The data provided in the Electric Sales and Revenue are presented at the national, Census division, State, and electric utility levels. The information is based on annual data reported by electric utilities for the calendar year ending December 31, 1994.

Illusionary Transparency? Oil Revenues, Information Disclosure, and Transparency

OpenAIRE

Ofori, Jerome Jeffison; Lujala, Päivi

2015-01-01

xperience shows that discovery of valuable natural resources can become a curse rather than a blessing, and transparency has been identified as key to better resource governance because it can limit opportunities for corruption and mismanagement. This article shows that information disclosure, in which many governments and donor institutions engage, does not automatically translate into transparency. Ghana has embedded transparency as one of its key principles in oil management. However, fiel...

The outlook for US oil dependence

Energy Technology Data Exchange (ETDEWEB)

Greene, D.L.; Jones, D.W.; Leiby, P.N.

1995-05-11

Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC regains lost market share. The U.S. economy appears to be as exposed as it was in the early 1970s to losses from monopoly oil pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the U.S. economy an approximately equal amount. The Strategic Petroleum Reserve appears to be of little benefit against such a determined, multi-year supply curtailment either in reducing OPEC revenues or protecting the U.S. economy. Increasing the price elasticity of oil demand and supply in the U.S. and the rest of the world, however, would be an effective strategy.

Local sustained delivery of bupivacaine HCl from a new castor oil-based nanoemulsion system.

Science.gov (United States)

Rachmawati, Heni; Arvin, Yang Aryani; Asyarie, Sukmadjaja; Anggadiredja, Kusnandar; Tjandrawinata, Raymond Rubianto; Storm, Gert

2018-06-01

Bupivacaine HCl (1-butyl-2',6'-pipecoloxylidide hydrochloride), an amide local anesthetic compound, is a local anesthetic drug utilized for intraoperative local anesthesia, post-operative analgesia and in the treatment of chronic pain. However, its utility is limited by the relative short duration of analgesia after local administration (approximately 9 h after direct injection) and risk for side effects. This work is aimed to develop a nanoemulsion of bupivacaine HCl with sustained local anesthetics release kinetics for improved pain management, by exhibiting extended analgesic action and providing reduced peak levels in the circulation to minimize side effects. Herein, biodegradable oils were evaluated for use in nanoemulsions to enable sustained release kinetics of bupivacaine HCl. Only with castor oil, a clear and stable nanoemulsion was obtained without the occurrence of phase separation over a period of 3 months. High loading of bupivacaine HCl into the castor oil-based nanoemulsion system was achieved with about 98% entrapment efficiency and the resulting formulation showed high stability under stress conditions (accelerated stability test) regarding changes in visual appearance, drug content, and droplet size. We show herein that the in vitro release and in vivo pharmacokinetic profiles as well as pharmacodynamic outcome (pain relief test) after subcutaneous administration in rats correlate well and clearly demonstrate the prolonged release and extended duration of activity of our novel nanoformulation. In addition, the lower C max value achieved in the blood compartment suggests the possibility that the risk for systemic side effects is reduced. We conclude that castor oil-based nanomulsion represents an attractive pain treatment possibility to achieve prolonged local action of bupivacaine HCl.

Major oil exporters may profit rather than lose, in a carbon-constrained world

International Nuclear Information System (INIS)

Persson, Tobias A.; Azar, C.; Johansson, D.; Lindgren, K.

2007-01-01

The Organization of Petroleum Exporting Countries (OPEC) claims compensation for losses in expected oil export revenues due to CO 2 mitigation measures in developing countries. These losses are expected for two primary reasons: a reduction in the consumption of oil in importing countries and a reduction in the producer price of oil (taxation in an importing country implies a transfer of rents from producers to consumers). So far, most studies have focused on these two mechanisms and corroborated that revenue losses for OPEC are to be expected. However, there are also mechanisms that may be expected to raise the price of oil products. In a cost-effective regime for dealing with climate change, i.e., a regime in which all or most countries participate and in which the same carbon price is applied on all carbon-emitting activities, the cost of using unconventional oil, or synthetic diesel from coal, will increase even more than the cost of using conventional oil. Given that reserves of conventional oil are expected to dwindle over time, heavy oils and coal to liquids might set the long-run price for liquid fuels, which means that the price of oil would increase beyond the carbon fee; i.e., the rent on conventional oil would increase. We use an energy-economic optimization model to analyze these three mechanisms. We find that the net present value of OPEC revenue from conventional oil increases slightly (at most by 4 percent) with a global CO 2 restriction regime. We also consider conditions under which this result does not hold

The Outlook for U.S. Oil Dependence

Energy Technology Data Exchange (ETDEWEB)

Greene, D.L.

1995-01-01

Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC regains lost market share. The US economy appears to be as exposed as it was in the early 1970s to losses from monopoly oil pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the US economy an approximately equal amount. The Strategic Petroleum Reserve appears to be of little benefit against such a determined, multi-year supply curtailment either in reducing OPEC revenues or protecting the US economy. Increasing the price elasticity of oil demand and supply in the US and the rest of the world, however, would be an effective strategy.

Green Biodiesel Synthesis Using Waste Shells as Sustainable Catalysts with Camelina sativa Oil

Directory of Open Access Journals (Sweden)

Yelda Hangun-Balkir

2016-01-01

Full Text Available Waste utilization is an essential component of sustainable development and waste shells are rarely used to generate practical products and processes. Most waste shells are CaCO3 rich, which are converted to CaO once calcined and can be employed as inexpensive and green catalysts for the synthesis of biodiesel. Herein, we utilized lobster and eggshells as green catalysts for the transesterification of Camelina sativa oil as feedstock into biodiesel. Camelina sativa oil is an appealing crop option as feedstock for biodiesel production because it has high tolerance of cold weather, drought, and low-quality soils and contains approximately 40% oil content. The catalysts from waste shells were characterized by X-ray powder diffraction, Fourier Transform Infrared Spectroscopy, and Scanning Electron Microscope. The product, biodiesel, was studied by 1H NMR and FTIR spectroscopy. The effects of methanol to oil ratio, reaction time, reaction temperature, and catalyst concentration were investigated. Optimum biodiesel yields were attained at a 12 : 1 (alcohol : oil molar ratio with 1 wt.% heterogeneous catalysts in 3 hours at 65°C. The experimental results exhibited a first-order kinetics and rate constants and activation energy were calculated for the transesterification reaction at different temperatures. The fuel properties of the biodiesel produced from Camelina sativa oil and waste shells were compared with those of the petroleum-based diesel by using American Society for Testing and Materials (ASTM standards.

Balancing medicine prices and business sustainability: analyses of pharmacy costs, revenues and profit shed light on retail medicine mark-ups in rural Kyrgyzstan

Directory of Open Access Journals (Sweden)

Maddix Jason

2010-07-01

Full Text Available Abstract Background Numerous not-for-profit pharmacies have been created to improve access to medicines for the poor, but many have failed due to insufficient financial planning and management. These pharmacies are not well described in health services literature despite strong demand from policy makers, implementers, and researchers. Surveys reporting unaffordable medicine prices and high mark-ups have spurred efforts to reduce medicine prices, but price reduction goals are arbitrary in the absence of information on pharmacy costs, revenues, and profit structures. Health services research is needed to develop sustainable and "reasonable" medicine price goals and strategic initiatives to reach them. Methods We utilized cost accounting methods on inventory and financial information obtained from a not-for-profit rural pharmacy network in mountainous Kyrgyzstan to quantify costs, revenues, profits and medicine mark-ups during establishment and maintenance periods (October 2004-December 2007. Results Twelve pharmacies and one warehouse were established in remote Kyrgyzstan with 100%, respectively. Annual mark-ups increased dramatically each year to cover increasing recurrent costs, and by 2007, only 19% and 46% of products revealed mark-ups of 100%. 2007 medicine mark-ups varied substantially across these products, ranging from 32% to 244%. Mark-ups needed to sustain private pharmacies would be even higher in the absence of government subsidies. Conclusion Pharmacy networks can be established in hard-to-reach regions with little funding using public-private partnership, resource-sharing models. Medicine prices and mark-ups must be interpreted with consideration for regional costs of business. Mark-ups vary dramatically across medicines. Some mark-ups appear "excessive" but are likely necessary for pharmacy viability. Pharmacy financial data is available in remote settings and can be used towards determination of "reasonable" medicine price goals

Energy planning and investment for increased earnings: the case of Nigeria's oil and gas resources

Energy Technology Data Exchange (ETDEWEB)

Ojo, A.T.

1984-03-01

In view of Nigeria's limited reserves of oil and the high growth rate of oil consumption, and in the wake of the developments in the world oil market since 1981 which have resulted in a drastic shortfall in Nigeria's revenues, the main objective of this article is to highlight some important issues that would spur policy makers towards improved energy planning and increased energy investment in Nigeria so as to assist her in the rationalization of the energy production-mix and consumption, as well as in earning increased revenues from her oil and gas resources. Policymakers in Nigeria are called upon to put an end to further procrastination concerning the liquefied natural gas (LNG) investment project so that the bulk of the country's gas, which is presently being flared, can be re-injected, consumed locally, and exported to supplement dwindling oil revenues. 23 notes and references, 3 tables.

Construction contract revenue recording comparison

Directory of Open Access Journals (Sweden)

Hana Bohušová

2008-01-01

Full Text Available Publicly traded companies prepare their consolidated accounts in conformity with the international accounting standards (IAS/IFRS in accordance with the Regulation No. 1606/2002. This is obliged for all publicly traded joint-stock companies in the Czech Republic. Other companies prepare financial statements in accordance with national accounting standards. There are Accounting Act No. 563/1991 of Coll. and Regulation No. 500/2002 of Coll., Czech Accounting Standards in the Czech Republic. Both systems are based on different principles so there are many differences. The Czech Accounting System (CAS is based on the rules while IAS/IFRS are based on principles (Kovanicová, 2005. These differences are mainly caused by the different philosophy. CAS prefers the fiscal policy to the economic substance while IAS/IFRS prefere the economic substance. One of the most significant dif­fe­ren­ces is in the field of revenue recording. There are two standards concerning the revenues recording (IAS 18 − Revenue, IAS 11 – Construction Contracts in IAS/IFRS. CAS 019 – Expenses and Revenue are dealing with the revenue recording in the Czech Republic. The paper is aimed at the comparison of the methodical approaches for revenue recording used by IAS/IFRS and by CAS. The most important differences are caused by the different approach to the long term contracts (construction contracts, software development contracts revenues recording.

Disposal of by-products in olive oil industry: waste-to-energy solutions

International Nuclear Information System (INIS)

Caputo, Antonio C.; Scacchia, Federica; Pelagagge, Pacifico M.

2003-01-01

Olive oil production industry is characterized by relevant amounts of liquid and solid by-products [olive mill wastewater (OMW) and olive husk (OH)], and by economical, technical and organizational constraints that make difficult the adoption of environmentally sustainable waste disposal approaches. In this context, waste treatment technologies aimed at energy recovery represent an interesting alternative. In the paper, a technical and economical analysis of thermal disposal plant solutions with energy recovery has been carried out. The considered plants enable the combined treatment of OMW and OH which, although penalizes the energy recovery, proves to be feasible and profitable in a future legislative scenario when stricter limitation on OMW disposal will force oil producers to bear high disposal costs. Results are compared by using economic performance measures, including revenues from produced energy and avoided disposal costs. A sensitivity and risk analysis is also performed in order to assess the economic profitability of the proposed solutions

Crisis and adjustment variables of Mediterranean oil states

International Nuclear Information System (INIS)

Beraud, Philippe; Jablanczy, Adrienne

2010-01-01

This paper deals with the performance of the Mediterranean and the other Arabian oil exporting countries. As far as the resource-based industry is concerned, it could be interesting to notice that the performance of these countries is linked to sectoral mix, nature of industry, type of enterprise, nature of joint-venture contracts and obviously macro-economic policies. The studies on the relationship between oil resources, oil production and valorization and global growth show that oil sector is not reliable, especially if we take into account the gap between low and high absorbing countries in the Arab world. In the first group of countries, oil revenues have a positive and significant effect on economic growth and development. In the second group of countries, oil revenues often copy with the Dutch-disease type resource reallocation process and have a negative effect on growth and development. Three alternative ways seem to be opened for these countries. And we study each of them: growing influence of profit sharing contracts between the state-owned companies and the international oil companies linked to technology transfers agreements, entrepreneurial and managerial trajectories coping with the influence of small and medium enterprises, effects of the regional integration in the framework of the Euro-Mediterranean trade agreements

Characterization of revenue equivalence

NARCIS (Netherlands)

Heydenreich, B.; Müller, R.; Uetz, Marc Jochen; Vohra, R.

2009-01-01

The property of an allocation rule to be implementable in dominant strategies by a unique payment scheme is called revenue equivalence. We give a characterization of revenue equivalence based on a graph theoretic interpretation of the incentive compatibility constraints. The characterization holds

Areva - 2013 revenue of euro 9.3 bn thanks to sustained level of activity. Organic growth in the nuclear operations: + 7%, above our financial outlook. Backlog of euro 41.6 bn

International Nuclear Information System (INIS)

Duperray, Julien; Berezowskyj, Katherine; Grange, Aurelie; Rosso, Jerome; Thebault, Alexandre; Scorbiac, Marie de; Repaire, Philippine du

2014-01-01

Two years after Fukushima, AREVA's level of activity was especially strong in 2013. The group outperformed its revenue outlook for nuclear operations with an organic growth of 7.1%. With more than 9 billion euros, the group's revenue benefited from the robustness of the recurring activities and from temporary elements, such as exceptionally high uranium sales. This growth demonstrates the resilience of Areva's end market, despite unfavourable current conditions, and the efficient match between its commercial offers and customers' expectations. Capitalizing on this dynamic, the group will continue its recovery in order to sustainably self-finance its capital expenditures. After the announcement on January 20, 2014 of exclusive negotiations with Gamesa for the creation of a joint company in the offshore wind field (50% AREVA, 50% Gamesa), and in accordance with IFRS 5 accounting standard, revenue generated by the Wind Energy business is not included in group revenue for 2012 and 2013 and the result of this business will be presented on a separate line, 'net income from discontinued operations' in the 2013 financial statements. In 2013, AREVA had consolidated revenue of 9.303 billion euros, an increase of 3.8% (+6.3% like for like) compared with 2012 benefiting from strong organic growth in the nuclear operations: - Revenue in the nuclear operations was 9.042 billion euros in 2013, compared with 8.633 billion euros in 2012, a 7.1% increase (+4.7% on a reported basis). Revenue was led by the Mining BG (+40.6% like for like) and the Front End BG (+7.5% like for like), offsetting the expected business downturn in the Reactors and Services BG (-1.5% like for like). Revenue was stable in the Back End BG (-0.6% like for like). - The Renewable Energies BG had 132 million euros in revenue, down from 2012 (-24.7% like for like). - Foreign exchange had a negative impact of 101 million euros, while the change in consolidation scope and accounting methods had a negative impact of

Recycling carbon revenues: transforming costs into opportunities

International Nuclear Information System (INIS)

Vaidyula, Manasvini; Alberola, Emilie

2016-01-01

Governments worldwide generated $26 billion in 2015 in carbon pricing revenues. The benefits and co-benefits of carbon pricing can be enhanced by recycling carbon revenues. Revenue allocation decisions made by governments are vital as these revenues can help shift the narrative on carbon pricing from 'burden to benefit'. Existing carbon pricing schemes can provide useful feedback on revenue recycling. A well-positioned decision-making and governing framework is required to ensure the efficient recycling of carbon revenues

Macro-economic benefits of an expanded oil sands industry

International Nuclear Information System (INIS)

1995-01-01

Probable impact of benefits of expanded oil sands development on employment and government revenues were analyzed. Investment in proposed oil sands facilities was forecast to create about 1 million person-years of direct and indirect employment. Forty percent of employment gains would be created in Alberta, with remaining positions mostly in Ontario and Quebec. Government taxes, royalties, reduced debts interest costs and revenues to municipalities, hospitals and pension plans would increase by $97 billion (1994 dollars) between 1995 and 2025. Additional benefits would include increases in average Canadian disposable incomes, substitution of imported with domestic oil, and expansion of gross domestic product in Alberta by 5%. Some variation may be expected because of accuracy of assumptions that were made in the analysis, but the character of the results were not expected to change

How Fiscal Policy Affects Non-Oil Economic Performance in Azerbaijan?

Directory of Open Access Journals (Sweden)

Khatai Aliyev

2016-09-01

Full Text Available The role of fiscal policy in promoting economic growth has been subject to many studies since its suggestion by Keynes who stated expansionary/contractionary impact of public expenditures/taxes. In this context, effectiveness of fiscal policy use to develop non-oil sector in resource rich economies should be studied. This paper investigates short- and long-run effects of budget expenditures and tax related budget revenues (direct transfers from oil fund excluded over non-oil GDP while controlling for oil price volatility and oil production in case of Azerbaijan. Autoregressive Distributed Lag Bounds Testing (ARDLBT Approach to cointegration is employed for data covering 2000Q1-2015Q2. Estimation results theoretically consistent and statistically significant long-run effects of both budget expenditures and tax-related budget revenues. However, in the short-run, the effects are contrary to the theoretical expectations. Findings are useful for Azerbaijan fiscal policy makers especially in the current complicated nature of economic processes in the economy due to oil related challenges.

Characterization of Revenue Equivalence

NARCIS (Netherlands)

Heydenreich, Birgit; Müller, Rudolf; Uetz, Marc Jochen; Vohra, Rakesh

2008-01-01

The property of an allocation rule to be implementable in dominant strategies by a unique payment scheme is called \\emph{revenue equivalence}. In this paper we give a characterization of revenue equivalence based on a graph theoretic interpretation of the incentive compatibility constraints. The

Sustainable energy transitions in emerging economies: The formation of a palm oil biomass waste-to-energy niche in Malaysia 1990–2011

DEFF Research Database (Denmark)

Hansen, Ulrich Elmer; Nygaard, Ivan

2014-01-01

The economic development in emerging economies in Southeast Asia has significantly increased the use of fossil fuel based energy. This has severe implications for global climate change, and against this background, scholars within the sustainable transition tradition have taken an interest...... in addressing how transitions towards more sustainable development pathways in this region may be achieved. This paper contributes to the abovementioned literature by examining the conducive and limiting factors for development and proliferation of a palm oil biomass waste-to-energy niche in Malaysia during...... the period 1990–2011. Rising oil prices, strong pressure on the palm oil industry from environmental groups, and a persisting palm oil biomass waste disposal problem in Malaysia appear to have been conducive to niche proliferation, and on top of this national renewable energy policies and large-scale donor...

Electric sales and revenue 1996

Energy Technology Data Exchange (ETDEWEB)

NONE

1997-12-01

Information is provided on electricity sales, associated revenue, average revenue per kilowatthour sold, and number of consumers throughout the US. The data provided in the Electric Sales and Revenue are presented at the national, Census division, State, and electric utility levels. The information is based on annual data reported by electric utilities for the calendar year ending December 31, 1996. 16 figs., 20 tabs.

Naval Petroleum and Oil Shale Reserves. Annual report of operations, Fiscal year 1992

Energy Technology Data Exchange (ETDEWEB)

1992-12-31

During fiscal year 1992, the reserves generated $473 million in revenues, a $181 million decrease from the fiscal year 1991 revenues, primarily due to significant decreases in oil and natural gas prices. Total costs were $200 million, resulting in net cash flow of $273 million, compared with $454 million in fiscal year 1991. From 1976 through fiscal year 1992, the Naval Petroleum and Oil Shale Reserves generated more than $15 billion in revenues and a net operating income after costs of $12.5 billion. In fiscal year 1992, production at the Naval Petroleum Reserves at maximum efficient rates yielded 26 million barrels of crude oil, 119 billion cubic feet of natural gas, and 164 million gallons of natural gas liquids. From April to November 1992, senior managers from the Naval Petroleum and Oil Shale Reserves held a series of three workshops in Boulder, Colorado, in order to build a comprehensive Strategic Plan as required by Secretary of Energy Notice 25A-91. Other highlights are presented for the following: Naval Petroleum Reserve No. 1--production achievements, crude oil shipments to the strategic petroleum reserve, horizontal drilling, shallow oil zone gas injection project, environment and safety, and vanpool program; Naval Petroleum Reserve No. 2--new management and operating contractor and exploration drilling; Naval Petroleum Reserve No. 3--steamflood; Naval Oil Shale Reserves--protection program; and Tiger Team environmental assessment of the Naval Petroleum and Oil Shale Reserves in Colorado, Utah, and Wyoming.

Fiscal sustainability in Malaysia: a re-examination

OpenAIRE

Hui, Hon Chung

2013-01-01

In this paper, I deploy a broad array of econometric tests to thoroughly examine fiscal sustainability in Malaysia. Results of the multicointegration test suggest the absence of cointegration between the cumulated cointegration errors, real government expenditure and real government revenue. Meanwhile, standard cointegration analyses indicate that the fiscal process fulfills only the weak-form sustainability. Most importantly, results from a fiscal sustainability model which incorporates reve...

26 CFR 1.43-4 - Qualified enhanced oil recovery costs.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Qualified enhanced oil recovery costs. 1.43-4... TAXES Credits Against Tax § 1.43-4 Qualified enhanced oil recovery costs. (a) Qualifying costs—(1) In... “qualified enhanced oil recovery costs” if the amounts are paid or incurred with respect to an asset which is...

47 CFR 32.5003 - Cellular mobile revenue.

Science.gov (United States)

2010-10-01

... 47 Telecommunication 2 2010-10-01 2010-10-01 false Cellular mobile revenue. 32.5003 Section 32... SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS COMPANIES Instructions For Revenue Accounts § 32.5003 Cellular mobile revenue. This account shall include message revenue derived from cellular mobile...

An Investigation of Sustainable Power Generation from Oil Palm Biomass: A Case Study in Sarawak

Directory of Open Access Journals (Sweden)

Nasrin Aghamohammadi

2016-04-01

Full Text Available Sarawak is the largest state in Malaysia, with 22% of the nation's oil palm plantation area, making it the second largest contributor to palm biomass production. Despite the enormous amount of palm biomass in the state, the use of biomass as fuel for power generation remains low. This study is designed to investigate the sustainability of power generation from palm biomass specifically in Sarawak by conducting a survey among the palm oil mill developers. To conduct this investigation, several key sustainability factors were identified: the security of the biomass supply, the efficiency of conversion technology, the existing network system, challenges and future prospects for power generation from palm biomass. These factors were assessed through a set of questionnaires. The returned questionnaires were then analysed using statistical tools. The results of this study demonstrate that Sarawak has biomass in abundance, and that it is ready to be exploited for large scale power generation. The key challenge to achieving the renewable energy target is the inadequate grid infrastructure that inhibits palm oil developers from benefiting from the Feed-in-Tariff payment scheme. One way forward, a strategic partnership between government and industrial players, offers a promising outcome, depending on an economic feasibility study. The decentralization of electricity generation to support rural electrification is another feasible alternative for renewable energy development in the state.

Oil and gas fiscal regimes of the western Canadian provinces

International Nuclear Information System (INIS)

1991-11-01

This report compares the fiscal regimes in British Columbia, Alberta, Saskatchewan and Manitoba. During 1985-1988, federal and provincial governments have made numerous fiscal changes, many in response to the drop in world oil prices. The new fiscal policies generally have reflected governments' willingness to forego revenues in an effort to aid the oil and gas industry, with certain exemptions. Since 1988, changes have reflected trends of consolidation and less government willingness to forego revenues. A federal large corporations capital tax has been introduced, the natural gas exploration holiday in Alberta expired, new oil royalties were introduced, and changes were made in fiscal regimes to accomodate horizontal drilling in Saskatchewan and Manitoba. In this document, the existing corporate tax regime is described. A comparison of fiscal regimes must recognize the differing scale and nature of oil and gas operations among the 4 provinces, with Alberta accounting for 80-90% of Canada's oil and gas productions, while British Columbia, Saskatchewan and Manitoba are much smaller producers. The document describes Crown royalties and incentives and freehold taxes for each type of fuel (crude oil, natural gas, natural gas byproducts, nonconventional oil). 8 figs

Oil and gas activities in northern Norway. Summary; KonKraft rapport 6

Energy Technology Data Exchange (ETDEWEB)

2009-07-01

KonKraft report 6 deals with oil and gas operations on the Norwegian continental shelf (NCS) from Nordland county and northwards. It aims to contribute to a broad factual base for decision processes related to opening new exploration areas in these waters. The Norwegian petroleum sector employs about 250 000 people directly and indirectly. It accounts for a third of government revenues, and 90 per cent of its profits accrue to the state. NOK 119 billion of the central government budget in 2009 comes directly from oil and gas revenues. These funds finance roads, nursery schools, hospitals and the Norwegian welfare state. In addition, they safeguard future pensions. This industry is at a crossroads today. Oil production has dropped by 30 per cent since 2000. Recent forecasts from the Norwegian Petroleum Directorate show that it may be reduced by 50 per cent from its peak by 2013. Overall oil and gas output is expected to begin falling from the middle of the next decade. To slow this decline in output and revenues, the oil companies need access to new and attractive exploration acreage. Half the production expected by the government in 2030 relates to resources which have yet to be proven. Opening further areas of the NCS to petroleum activities would contribute to maintaining substantial investment and revenues for the community, and to continuing the development of industry in the northernmost parts of the country. The report reviews unopened areas along the Norwegian coast from the Helgeland region and north-eastwards to the Russian border. Nordland VI and VII plus Troms II are regarded by the petroleum industry as the most promising regions for big discoveries which could slow the production decline. The KonKraft 2 report concerning production development on the NCS estimates remaining resources in these three areas at 3.4 billion barrels of oil equivalent (boe). (Author)

Kenya at a Crossroads: Hopes and Fears Concerning the Development of Oil and Gas Reserves

Directory of Open Access Journals (Sweden)

Patricia I. Vasquez

2013-11-01

Full Text Available Kenya is expected to become a hydrocarbon producer and an oil export hub in the coming years and if properly managed, oil and gas could provide Kenya with a unique opportunity to cement the path towards sustainable economic growth that the country engaged in a few years ago. However, mismanagement of the newly found oil and gas reserves will not only deprive the East African nation of a chance to prosper, but could spur renewed conflict. Kenya recently engaged in deep institutional reforms through the adoption of ‘Devolution’, aimed at addressing the country’s most severe governance weaknesses. The combination of oil and gas revenues, improved governance and a peaceful context could set the stage for Kenya to leave behind its old woes of corruption, political patronage, ethnic rivalries and violence. It is a challenging endeavor and Kenya will encounter many stumbling blocks on the way, as the brutal terrorist attack of September 2013 in a Nairobi shopping mall reminded us. This article analyzes the potential for Kenya to engage in sound management of its nascent hydrocarbon industry and the dangers if the country fails to do so.

Depletion policies for oil-exporting developing economies

Energy Technology Data Exchange (ETDEWEB)

Stournaras, Y A

1984-01-01

The fact that most oil-exporting countries are developing economies has important implications for oil supply which have not been properly taken into account in the literature on exhaustible resource depletion. The way in which depletion policies are affected by trade uncertainty, given the high degree of the major oil exporters' 'dependence' on crude oil revenues, by investment time lags which delay the exploitation of (some of) these countries' comparative advantage in a petroleum based development, and by ideological objections to the ideal of a rentier society and to foreign capital are examined.

Tuning of Essential Oil Properties by Enzymatic Treatment: Towards Sustainable Processes for the Generation of New Fragrance Ingredients

Directory of Open Access Journals (Sweden)

Sylvain Antoniotti

2014-07-01

Full Text Available In this review, several strategies of modification of essential oils by enzymatic treatment are presented. Being either applied before or after the production of the essential oil, enzymatic methods are shown to be particularly adapted to attain the required selectivity, specificity and efficiency in sustainable processes delivering products eligible for the natural grade. Examples dealing with the optimization of the properties of essential oils in terms of biological activity, odor and safety are provided, and it is likely that these strategies will address other type of properties in the future, such as the physico-chemical properties, for example.

Oil boycott and the political economy

International Nuclear Information System (INIS)

Katouzian, H.

1988-01-01

The severe foreign exchange shortage caused by the loss of oil revenues forced Musaddiq's government to adopt the strategy of non-oil economics. This was not a coherent and comprehensive policy framework, but its different strands tended to complement and reinforce each other. Hence by August 1953 the balance of payments was on a steady course, and the domestic economy was under control. This paper gives a brief review of the background of the oil boycott and a discussion of the search for a solution

Oil for development 2009

Energy Technology Data Exchange (ETDEWEB)

2010-09-15

In this report present key achievements for each of the various cooperation countries. Oil for Development (OfD) assistance has been important for the ability of a country like Ghana to improve petroleum resource management on its most important oil and gas field, and to better safeguard that the petroleum activities are conducted in an environmentally sustainable way. Competence building on Increased Oil Recovery (IOR), and negotiation training have helped to increase both the resource extraction potential and the revenue generation potential of a more mature oil producing country like Iraq. Furthermore, OfD has contributed to improving the legislative frameworks in several of our cooperating countries, including Afghanistan, Cambodia and Madagascar, although it will take time before we can assess to what extent the laws have been implemented. OfD's strong focus on providing legal assistance reflects our belief that clear divisions of roles and firm legal mandates are prerequisites for good governance of the petroleum sector and for attracting serious investors. A lot of our capacity building took place through seminars and more tailored workshops with a national or regional scope. We believe that some of these events have significantly increased awareness as well as the level of debate among government institutions and civil society. The oil production accounting workshop in Nigeria and the NOC workshop in Timor-Leste are particularly valid examples. Timor-Leste also addressed other petroleum sector governance issues with a focus on including civil society and by the end of 2009 had nearly fulfilled all criteria for becoming Extractive Industries Transparency Initiative (EITI) compliant. It should be noted that OfD assistance only made a relatively small contribution to this process, which was very much nationally driven. Petroleum related environmental issues were addressed at different levels and from different angles. A thorough environmental needs

Oil Producers vulnerability: restrictions for oil supply strategy - OPEC, Mexico and Norway; Indicadores de vulnerabilidade do produtor de petroleo: restricoes a estrategia de oferta - OPEP, Mexico and Norway

Energy Technology Data Exchange (ETDEWEB)

Delgado, Fernanda; Schaeffer, Roberto; Szklo, Alexandre [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-Graduacao de Engenharia (COPPE)

2008-07-01

Few analysts address the socio-economic vulnerability faced by large oil producers countries that restricts their oil supply strategies. However, such as net import countries may be vulnerable to oil supply, large oil exporters countries may also become vulnerable due to their socio-economic dependence on oil, as export revenues are so important to their wealth generation and their populations' well-fare status. The objective of this paper is to evaluate the vulnerabilities of some oil exporters as the OPEC's member-countries, Mexico and Norway face, or may face, and that may restrict their degree of freedom for productive decision making (including investments) and for elaborating oil supply strategies (aiming at taking a larger share of the oil revenue). In order to do that this paper is divided in 3 sections. Initially, socio-economic vulnerability indicators for the oil exporting countries are presented, built and analyzed. Socio-economic vulnerability indicators comprehend, for instance, the following dimensions: physical, productive, fiscal, commercial, macroeconomic and social. The next section regards the application of a multi criteria method, the AHP - Analytic Hierarchy Process in order to summarize and organize the indicators. Finally, implications of the socio-economic vulnerabilities of these oil export countries for the world oil supply and price are derived. (author)

Green Chemistry: Strategy in Essential Oils Sustainability by Development of Insecticide Using Docking Method

Science.gov (United States)

Warsito; Utomo, EP; Ulfa, SM; Kholila, BN; Nindyasiwi, P.

2018-01-01

Sustainable agricultural applications in green chemistry was associated with the development of insecticide production based on secondary metabolites, such as essential oils. This research used In Silico modeling for insecticide formulation based on essential oils. The insecticidal formula was made on the basis of the Ki value of multiple docking results between the major components of essential oils as ligand with Spodotera litura receptor (2DJC) studied using Autodock Tools software. Insecticide formula activity test was done by contact method of toxic and leaf contact with essential oils concentration at level 0% - 1%. The results of the in silico study showed that the inhibition constants (Ki) of citronellal and anethol ligands combination were 1.6 mM however of citronellal and eugenol as ligands were 1.75 mM and formulated rasio (v/v), respectively 5 : 1 and 4 : 1. In addition, in vitro activity of insecticide formula with the ratio of 5: 1 possess LC50 value 0.10% (toxic contact) and 0.35% (leaf contact). While the formula with a ratio of 4: 1 possess LC50 value 0.05% (toxic contacts) and 0.31% (leaf contact).

Algeria: the illusions of oil wealth - CERI Studies No. 168

International Nuclear Information System (INIS)

Martinez, Luis

2010-09-01

Thirty years after the nationalisation of hydrocarbons Algeria's oil wealth seems to have disappeared judging by its absence in the country's indicators of well-being. In Algeria oil led to happiness for a few and sadness for many. The absence of controls over oil revenue led to the industries downfall. Since 2002 Algeria is again seeing oil wealth. The increase in the price per barrel from 30 to 147 dollars between 2002 and 2008 provided the country with unexpected revenue permitting it to accumulate funds estimated, in 2009, at 150 billion dollars. Abdelaziz Bouteflika, returned to a devastated Algeria to restore civil order, unexpectedly benefited from this price increase. Thus, in addition to national reconciliation he was able to offer Algeria renewed economic growth. However, given that the wounds of the 1990's are not entirely healed and the illusions of oil wealth have evaporated this unexpected return of financial abundance raises concerns. To what ends will this manna be put? Who will control it? Will it provoke new violence and conflict? (author)

Corruption and reduced oil production: An additional resource curse factor?

International Nuclear Information System (INIS)

Al-Kasim, Farouk; Søreide, Tina; Williams, Aled

2013-01-01

Prominent contributions to the resource curse literature suggest weak governance and corruption are important factors behind the wide welfare variations observed among oil producing countries. How weak governance and corruption influence revenue management and expenditure decisions, as well as the possible welfare benefits derived from oil, are broadly discussed. How they impact upon volumes of oil produced has, however, attracted little attention. This paper combines a review of the resource curse and oil production literatures with findings from qualitative interviews with oil sector experts to appreciate the feasibility of connections between corruption and oil production below its potential. We make particular reference to environments where regulatory institutions or political accountability are weak and focus primarily on producer government and oil firm relations. Drawing on insights from geology, political science and economics, we suggest suboptimal production solutions can impact volumes of oil actually produced and create constraints on long term revenues for oil producing countries. We argue greater disclosure of information on oil production efficiency on a field-by-field and country-by-country basis will assist further investigation of the relationships between corruption and volumes of oil produced. - Highlights: ► We combine a literature review with qualitative interviews with oil experts. ► We focus on feasible connections between corruption and oil production levels. ► We suggest suboptimal production solutions can impact volumes of oil produced. ► Corruption may reinforce suboptimal oil production. ► More data on oil production efficiency by field and country will assist research

Defense Logistics Agency Revenue Eliminations

National Research Council Canada - National Science Library

1996-01-01

The issue of revenue eliminations was identified during our work on the Defense Logistics Agency portion of the Audit of Revenue Accounts in the FY 1996 Financial Statements of the Defense Business Operations Fund...

Sustainability as Opportunity

DEFF Research Database (Denmark)

Lawrence, Joanne; Rasche, Andreas; Kenny, Kevina

2019-01-01

Sustainability, as it relates to both social and environmental issues, is treated very differently among companies that incorporate the subject into their business strategies. In this case, we explore sustainability at Unilever whose management addresses it not as a risk to be managed or cost...... product development and marketing expertise, to realise the potential of the fast-growing emerging markets (57% of its 2014 revenues came from emerging markets compared to less than 17% of most multinationals). Issues considered are the role of corporate culture and competencies, the importance...

SOIL CONSERVATION TECHNIQUES IN OIL PALM CULTIVATION FOR SUSTAINABLE AGRICULTURE

Directory of Open Access Journals (Sweden)

Halus Satriawan

2017-08-01

Full Text Available Currently, many have been concerned with the oil palm cultivation since it may also put land resources in danger and bring about environmental damage. Poor practices in managing agricultural land very often occur due to the inadequate knowledge of soil conservation. Application of soil and water conservation is to maintain the productivity of the land and to prevent further damage by considering land capability classes. This research was aimed at obtaining soil and water conservation techniques which are the most appropriate and optimal for oil palm cultivation areas based on land capability classes which can support sustainable oil palm cultivation. Several soil conservation techniques had been treated to each different class III, IV, and VI of the studied area. These treatment had been performed by a standard plot erosion. The results showed for the land capability class III, Cover plants + Manure was able to control runoff, erosion and reduce leaching of N (LSD P≤0,05, in which soil conservation produced the lowest erosion (3,73t/ha, and N leaching (0,25%. On land capability class IV, Sediment Trap + cover plants+ manure was able to control runoff, erosion and reduce organic C and P leaching (LSD P≤0,05, in which soil conservation produced the lowest runoff (127,77 m3/ha, erosion (12,38t/ha, organic C leaching (1,14 %, and P leaching (1,28 ppm. On land capability class VI, there isn’t significant effect of soil conservation, but Bench Terrace + cover plants +manure has the lowest runoff, erosion and soil nutrient leaching.

26 CFR 1.43-1 - The enhanced oil recovery credit-general rules.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 1 2010-04-01 2010-04-01 true The enhanced oil recovery credit-general rules. 1... INCOME TAXES Credits Against Tax § 1.43-1 The enhanced oil recovery credit—general rules. (a) Claiming the credit—(1) In general. The enhanced oil recovery credit (the “credit”) is a component of the...

Prospective developments, production and revenues from the UKCS 1995-2000: a financial and regional simulation

International Nuclear Information System (INIS)

Kemp, A.G.; Stephen, L.

1996-01-01

This paper examines the development and production prospects for oil and gas from the UKCS in the period 1995-2000 using a financial simulation model applied to a large database. Emphasis is given to the prospects in the different regions of the UKCs. Oil production is likely to peak in the period and decline slowly thereafter. Gas production will increase substantially throughout the period to 2000. The relative importance of the central North Sea as a producing region will increase substantially in the period, while the northern North Sea will show a decrease. Investment patterns will reflect these trends. Revenues from the UKCS will continue to make a substantial contribution to the economy. The UK should be more than self sufficient in oil and to beyond 2000. Potential gas production should also exceed UK gas demand well beyond 2000. (author)

NEW APPROACHES ON REVENUE RECOGNITION AND MEASUREMENT

Directory of Open Access Journals (Sweden)

Cristina-Aurora, BUNEA-BONTAȘ

2014-11-01

Full Text Available Revenue is an important indicator to users of financial statements in assessing an entity's financial performance and position. International Financial Reporting Standard 15 Revenue from Contracts with Customers (IFRS 15 issued in May 2014 provides a robust framework for addressing revenue issues. The standard establishes principles for reporting useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. This article outlines the basic principles that an entity should must apply to measure and recognise revenue and the related cash flows.

Sustainability of Italian budgetary policies: a time series analysis (1862-2013

Directory of Open Access Journals (Sweden)

Gordon L. Brady

2017-12-01

Full Text Available In this paper, we analyze the sustainability of Italian public finances using a unique database covering the period 1862-2013. This paper focuses on empirical tests for the sustainability and solvency of fiscal policies. A necessary but not sufficient condition implies that the growth rate of public debt should in the limit be smaller than the asymptotic rate of interest. In addition, the debt-to-GDP ratio must eventually stabilize at a steady-state level. The results of unit root and stationarity tests show that the variables are non-stationary at levels, but stationary in first-differences form, or I(1. However, some breaks in the series emerge, given internal and external crises (wars, oil shocks, regime changes, institutional reforms. Therefore, the empirical analysis is conducted for the entire period, as well as two sub‐periods (1862‐1913 and 1947‐2013. Moreover, anecdotal evidence and visual inspection of the series confirm our results. Furthermore, we conduct tests on cointegration, which evidence that a long-run relationship between public expenditure and revenues is found only for the first sub-period (1862-1913. In essence, the paper’s results reveal that Italy have sustainability problems in the Republican age.

A projection of motor fuel tax revenue and analysis of alternative revenue sources in Georgia.

Science.gov (United States)

2012-05-01

Motor fuel tax revenue currently supplies the majority of funding for : transportation agencies at the state and federal level. Georgia uses excise and sales taxes : to generate revenue for the Georgia Department of Transportation (GDOT). Inflation a...

Upstream oil and gas. Subsector no. 7: Oil and gas exploration and development 1995 to 1999

Energy Technology Data Exchange (ETDEWEB)

NONE

2000-08-01

Prepared by the Alberta Human Resources and Employment, this report provides a summary of the lost-time injuries and disease descriptions of workers injured while employed in the upstream oil and gas industries in Alberta during the period 1995 to 1999. The report includes the characteristics of the injured worker and the risk of injury to workers in the industries in Alberta, as well as the cost of injuries and revenue by means of total premiums paid by the employers. The occupational fatalities that were accepted by the Workers Compensation Board and investigated by the Occupational Health and Safety were summarized in the report along with a brief description of the injuries. The aim was to provide information concerning health and safety issues to government, employers, workers, and health and safety officers in the industries in Alberta about health and safety issues. The focus was placed on the oil and gas exploration and development sub-sector. Defined as all upstream oil field activities of employers which generate revenue from the production and sale of crude oil and/or natural gas, the sub-sector comprises major integrated oil and gas companies and small independent producers. In those cases where the owner/producer operates its own upstream production/processing facilities, they form an integral part of this sub-section. In addition, oil and gas marketing firms are included. Oil/gas well, well head equipment; flow lines/gathering systems tied into field processing facilities; battery sites/compressors stations; crude oil separators and natural gas dehydrators/treaters; natural gas/sulfur processing plants; heavy oil projects including steam generation; and other enhanced recovery methods are all included in the sub-sector. The other sub-sectors in the upstream oil and gas industries are: exploration, oilfield maintenance and construction, well servicing with service rigs and power swivels, drilling of oil and gas wells, oilfield downhole and other

The changing imperative for revenue assurance

International Nuclear Information System (INIS)

Dalbec, L.; Downey, F.

1994-01-01

In the past, electric utilities have developed revenue protection programs using anecdotal experience and instinct. The adoption of different programs by different utilities has made assessing the effectiveness of a particular program difficult. The cost/benefit ratio is generally invoked when implementing revenue protection, yet the economy available through sound revenue protection practices is not self evident since the problem has not yet been characterized. In Canada, this situation will change with the Canadian Electrical Association survey of electrical power theft. Details provided by the survey, such as incidence per customer class, popularity of various theft methods, and the deterrent value of seal programs will enable utility managers to make informed choices on labor and capital commitment and to establish benchmarks for the revenue protection function. The results of the survey will also generate regulatory interest with regard to such matters as quantification of any losses and the role of rate structure in encouraging energy theft. The formulation of a revenue protection program is outlined in such categories as training, quantification of the problem, prevention, detection, incentives, revenue recovery, and prosecution. A policy statement on equipment damage and meter interference is appended. 1 tab

At a crossroads : achieving a win-win from oil and gas developments in the Northwest Territories

International Nuclear Information System (INIS)

Taylor, A.; Grant, J.; Holroyd, P.; Kennedy, M.; Mackenzie, K.

2010-01-01

The Canadian government must decide how to manage the development of oil and gas resources in the Northwest Territories (NT). This paper outlined a scenario that will allow oil and gas companies to earn fair returns on their investments while providing maximum benefits for resource owners. Canada's federal government will need to review and reform royalty rates as well as the bidding process for awarding oil and gas leases. The NT government must allow obtain revenues for oil and gas resource owners in the territory. A portion of the revenues must be invested in long-term funds to be shared with future generations in order to mitigate the impact of resource development and provide a store of wealth while also diversifying and strengthening the local economy. A review of the territory's resource royalty and taxation system is needed before the Mackenzie gas project takes place. An outline of the territory's resource revenue collection process was provided, as well as a set of revised tax and royalty options. 5 tabs., 5 figs.

Operational Aspects of Fiscal Policy in Oil-Producing Countries

OpenAIRE

Steven A Barnett; Rolando Ossowski

2002-01-01

Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain, and largely originates from abroad. Reflecting these challenges, the paper proposes some important general principles for the formulation and assessment of fiscal policy in these countries. The main findings can be summarized in some key guidelines: the non-oil balance should feature prominently in the formulation of fiscal policy; it should generally be adjusted gradually; ...

Strategies for successful revenue cycle outsourcing.

Science.gov (United States)

Lisowski, Duane A; Sanderson, Brian

2013-09-01

Revenue cycle outsourcing can offer hospitals and health systems many advantages, including cost savings and revenue gains, but it also carries risks. Some organizations may choose to outsource revenue cycle to third-party service providers; others may opt to develop internal centers of excellence. Hospitals and health systems should consider IT system compatibility, payment arrangements, and incentive and value alignment when selecting an outsourcing partner.

Commitment to and preparedness for sustainable supply chain management in the oil and gas industry.

Science.gov (United States)

Wan Ahmad, Wan Nurul K; Rezaei, Jafar; Tavasszy, Lóránt A; de Brito, Marisa P

2016-09-15

Our current dependency on the oil and gas (O&G) industry for economic development and social activities necessitates research into the sustainability of the industry's supply chains. At present, studies on sustainable supply chain management (SSCM) practices in the industry do not include firm-internal factors that affect the sustainability strategies employed by different functional areas of its supply chains. Our study aims to address this gap by identifying the relevant internal factors and exploring their relationship with SSCM strategies. Specifically, we discuss the commitment to and preparedness for sustainable practices of companies that operate in upstream and downstream O&G supply chain. We study the impact of these factors on their sustainability strategies of four key supply chain functions: supplier management, production management, product stewardship and logistics management. The analyses of data collected through a survey among 81 companies show that management preparedness may enhance sustainable supply chain strategies in the O&G industry more than commitment does. Among the preparedness measures, management of supply chain operational risks is found to be vital to the sustainability of all supply chain functions except for production management practices. The findings also highlight the central importance of supplier and logistics management to the achievement of sustainable O&G supply chains. Companies must also develop an organizational culture that encourages, for example, team collaboration and proactive behaviour to finding innovative sustainability solutions in order to translate commitment to sustainable practices into actions that can produce actual difference to their SSCM practices. Copyright © 2016 Elsevier Ltd. All rights reserved.

The effect of oil revenues instability on the oil-based and labor-exporting economies: The case of the Arab region

International Nuclear Information System (INIS)

Al-Abbasi, M.A.

1991-01-01

The changes in the trend of the oil-export earnings in the oil-based economics not only affected the growth of the domestic economics not only affected the growth of the domestic economies but influenced the economic activities in the neighboring labor-exporting economies. This study investigates and tests the hypothesis that uncertainty associated with fluctuations in oil-export earnings affect adversely the economic growth in the oil-based economies of the Middle East. In addition, it seeks to examine the hypothesis that the impact of such fluctuations has been transmitted to the neighboring labor-exporting economies, during the period 1970-1986. Results show that oil-export instability does indeed create a wave of fluctuations in the domestic economic activity of the oil-based economies through the negative effect on investment, government spending, and domestic output. For the labor-exporting economies, results suggest that the flow of workers' remittances have had a positive impact on investment and income growth. Results also indicate that the rate of economic growth in the oil-based economies sets a broad limit on the range of feasible growth in the labor-exporting economies

Terms of trade, countertrade and recycling under oil price shocks

Energy Technology Data Exchange (ETDEWEB)

Tolonen, Y. (Turku School of Economics (Finland))

1989-01-01

In this paper we first analyse the consequences of oil pricedisturbances in a model of two oil importing and one oil producingcountries. Attention is given both to the terms of trade between theoil importers and to the recycling of the oil revenues of the oilproducer to imports from these oil importing countries. Secondly,extending the model by another oil producer we discuss a situationwhere a part of the oil trade takes place on a countertrade basis. Thequestion is whether such countertrade deals are advantageous or notwhen oil price shocks occur. Various factors are presented upon whichthe outcome depends. 12 refs., 2 tabs., 1 app.

A quantitative description of state-level taxation of oil and gas production in the continental U.S

International Nuclear Information System (INIS)

Weber, Jeremy G.; Wang, Yongsheng; Chomas, Maxwell

2016-01-01

We provide a quantitative description of state-level taxation of oil and gas production in the continental U.S. for 2004–2013. Aggregate revenues from production taxes nearly doubled in real terms over the period, reaching $10.3 billion and accounting for 20% of tax receipts in the top ten revenue states. The average state had a tax rate of 3.6%; nationally, the average dollar of production was taxed at 4.2%. The oil-specific rate estimated for the study period is $2.4 per barrel or $5.5 per ton of carbon. Lastly, state-level tax rates are two-thirds higher in states excluding oil and gas wells from local property taxes, suggesting that the policies are substitutes for one another. - Highlights: •State tax revenue from oil and gas production nearly doubled from 2004 to 2013. •Nationally, the typical dollar of production is taxed at 4.2%. •The rate applied to the typical dollar of production did not increase over time. •On average oil is taxed at $2.4 per barrel or $5.5 per ton of carbon. •State tax rates are two-thirds higher where oil and gas are not taxed as property.

Evolution of tax revenue in Romania

Directory of Open Access Journals (Sweden)

Nicoleta Mihaela Florea

2014-11-01

Full Text Available The study aims to analyze the dynamics of tax revenues in Romania in the period 2008 - 2013, following the installation of austerity caused by the global economic crisis. There are highlighted the earned revenues at the general consolidated budget by revenue category, according to the annual budget execution. The article deals mainly with the evolution of profit tax, income and salaries tax, value added tax and excise. .

Sensitivity of a methematical model used to optimize revenue in a predation-competative farming environment

Directory of Open Access Journals (Sweden)

J. Swart

2003-12-01

Full Text Available Sheep farmers in the Cape Midlands region of South Africa frequently sustain stock losses through predation by caracal lynx. Further losses are incurred when hyrax compete with sheep for available pasture. Hyrax constitute the natural prey for lynx with the result that culling either hyrax or lynx has complicated feedback effects. In order to investigate the spill-over problems from the natural predator-prey system on farming revenue, a differential equations model was previously formulated, comprising the sectors Hyrax, Lynx, Sheep, Pasture and Revenue and an optimisation procedure was used to determine the optimal culling rate policy for farmers. The purpose of this paper is to investigate the numerical, behavioural and policy sensitivity of this model to parameter uncertainty.

Sustainable asphalt pavement: Application of slaughterhouse waste oil and fly ash in asphalt binder

Science.gov (United States)

Sanchez Ramos, Jorge Luis

Increasing energy costs, lack of sufficient natural resources and the overwhelming demand for petroleum has stimulated the development of alternative binders to modify or replace petroleum-based asphalt binders. In the United States, the petroleum-based asphalt binder is mainly used to produce the Hot Mix Asphalt (HMA). There are approximately 4000 asphalt plants that make 500 million tons of asphalt binder valued at roughly 3 billion/year. The instability of the world's oil market has pushed oil prices to more than 80 per barrel in 2012, which increased the cost of asphalt binder up to $570 per ton. Therefore, there is a timely need to find alternative sustainable resources to the asphalt binder. This paper investigates the possibility of the partial replacement of the asphalt binder with slaughterhouse waste and/or fly ash. In order to achieve this objective, the asphalt binder is mixed with different percentages of waste oil and/or fly ash. In order to investigate the effect of these additives to the performance of the asphalt binder, a complete performance grade test performed on multiple samples. The results of the performance grade tests are compared with a control sample to observe how the addition of the waste oil and/or fly ash affects the sample. Considering the increasing cost and demand of asphalt, the use of slaughterhouse waste oil and/or fly ash as a partial replacement may result in environmental and monetary improvements in the transportation sector.

46 CFR Sec. 3 - Accounting for revenues.

Science.gov (United States)

2010-10-01

... 46 Shipping 8 2010-10-01 2010-10-01 false Accounting for revenues. Sec. 3 Section 3 Shipping... FINANCIAL TRANSACTIONS UNDER AGENCY AGREEMENTS Accounting for Revenues Sec. 3 Accounting for revenues. (a... shipper, consignee, weight or measurement, freight rate and basis (whether the freight rate applies on...

Economic impacts of Alberta's oil sands, volume 1

International Nuclear Information System (INIS)

Timilsina, G.R.; LeBlanc, N.; Walden, T.

2005-01-01

In 2004, the international media recognized Alberta's oil sands as part of the global oil reserves, thereby establishing Canada as second to Saudi Arabia as potential oil producing nations. The economic impacts of Alberta's oil sands industry on economies were assessed at regional, provincial and international levels for the 2000 to 2020 period. A customized input-output model was used to assess economic impacts, which were measured in terms of changes in gross domestic product; employment and labour income; and, government revenues. Cumulative impacts on employment by sector and by jurisdiction were also presented. An investment of $100 billion is expected through 2020, resulting in production of crude bitumen and synthetic crude oil outputs valued at about $531 billion. The impact of the oil sands industry on local employment was also evaluated. It was shown that activities in the oil sands industry will lead to significant economic impact in Alberta, Ontario, Quebec and the rest of Canada. Alberta's local economy would be the main beneficiary of oil sands activities with nearly 3.6 million person years employment created in Alberta during the 2000 to 2020. Another 3 million person years employment would be created in other Canadian provinces and outside Canada during the same time period. A sensitivity analysis on the responsiveness to oil prices and the removal of various constraints incorporated in the main analysis was also presented. The federal government will be the largest recipient of revenues generated to to oil sands activities. The results of the study were compared with that of the National Task Force on Oil Sands Strategies. This first volume revealed the results of the study while the second volume includes the data and detailed results. 48 refs., 57 tabs., 28 figs

Assessment of Non-Revenue Water Situation in Mandalay City: Response to the Management of Sustainable Water Supply System in Mandalay City

Directory of Open Access Journals (Sweden)

Ser Moe Yi

2017-07-01

Full Text Available Mandalay city is experiencing inefficient use of groundwater resources and inadequate water supply system to residents. The study focused on the issue of non-revenue water (NRW and stakeholders’ perception on its management in order to design the remediation measures for the water lost controls and the sustainable water supply system. A total of 134 samples of water employees, and 383 households were assessed through structured questionnaires. It has been found that more than 50% of the water employees are not aware of the NRW concept. Furthermore, over 90% of the water users are not willing to participate in water management. The WB­EasyCalc software version 4.09 was used to determine NRW and the result of NRW is 46% of the total system input volume. The main causes of water losses in Mandalay city are: 1 a very low pressure system; 2 poor-quality repairs; 3 lack of regular maintenance; 4 water employees’ insufficient knowledge; 5 lack of awareness about the NRW concept; 6 poor customer relationships; and 7 water users’ lack of willingness to participate in the water losses management. Therefore, it is recommended that water utility service efficiency be optimized by giving capacity building to the water employees. It is also recommended that district metering areas (DMA be introduced and good customer relationship be established. This is to improve the water users’ willingness to participate in the water losses management for the efficient use under scarcity groundwater resources and for the sustainable water supply system.

A value chain analysis for sustainable development of olive oil agro-industry: the case of Algeria

Directory of Open Access Journals (Sweden)

Melkhire Boudi

2016-12-01

Full Text Available This study analyzes the performance of the olive oil value chain in Algeria and identifies the bottlenecks that must be overcome to achieve sustainable development. Surveys were carried out and interviews conducted during a five-year period. Value chain approach was used as a tool to analyze the entire chain. The results showed that despite the value chain was found to be profitable for all chain actors, significant shortcomings and bottlenecks continue to undermine the overall development of the value chain. Major bottlenecks to improve productivity and value added were the poor agricultural practice and institutional environment; issues related to natural, structural, technology and economic environment; lack of market transparency; market uncertainties; lack of quality control; absence of traceability monitoring system throughout the chain; lack of certification and labelling; almost total absences of organized structures exist around the product; and limited effectiveness of agricultural extension services with low involvement of farmers and millers in professional organization related to olive oil industry. However, Algeria’s olive oil value chain has great potential for future development and currently, the country has an important advantage in terms of current development policies, the use of technology, and the extension of olive tree acreage. Nevertheless, the following upgrading strategies are recommended to enhance sustainability: improvement in product and process; changing in functional position; access to market; supply; cross distribution chain; and intra-chain linkage

Revenue-cycle redesign: honing the details.

Science.gov (United States)

LaForge, Richard W; Tureaud, Johnny S

2003-01-01

To minimize claim denials and ensure optimum payment for delivered services, many hospitals must fundamentally change their approach to managing the revenue cycle. The revenue cycle should be conceptualized as a continuum rather than as a set of isolated events, such as submitting bills or collecting payment. Cross-functional teams composed of representatives from clinical and financial areas should be created to systematically address recurrent breakdowns detected in the revenue cycle. PFS staff should be better compensated based on their value to revenue-cycle performance and receive adequate training on data collection and billing requirements to ensure the submission of clean claims. Medical-necessity screening software tools should be used at initial patient-access points to help identify scheduled services not covered by Medicare.

Growing markets to sustain oil sands development

International Nuclear Information System (INIS)

Wise, T.H.

2003-01-01

The utilization of Alberta bitumen for the clean fuels market depends on upgrading, transportation, and refining processes. Forecasts show that oil sands production, which includes synthetic crude oil (SCO), will surpass declining conventional production in Western Canada. Several issues pose a challenge to the oil sands processing industry. The producers' market is affected by crude oil prices, market expansion options, diluent availability/cost, supply cost competitiveness, and regional processing. The common market issues include light/heavy crude prices, oil sands crude qualities, prices of oil sands crudes, pipeline infrastructure, and competitive supplies. The issues facing the refiners are: refining margins, security of crude supply, refined product quality, and competitive product supply. A brief review of markets for Canadian crude oil, including synthetic crude, was provided. The share of the Midwest market by Alberta must be retained and increased. The market expansion options were reviewed for both downstream (refining) and upstream (upgrading) operations. To reach more distant markets such as Southern Midwest, Washington, and California, new pipeline capacity would be required. The market is nearly saturated for Canada's heavy oil supply. More upgrading will be required as bitumen production increases. Market growth is still possible for Canada's SCO but according to forecasts, the market could also become saturated. To increase demand and allow supplies to grow, SCO prices may fall below light crude prices. It was noted that a balance must be achieved in order for producers to increase production and for refiner/upgraders to expand their conversion capacity. tabs., figs

Social innovation to promote sustainability and independence of small-scale palm oil farmers in the Province of Jambi, Indonesia

OpenAIRE

Firman, Anita Nathalia

2017-01-01

The aim of this thesis was to investigate the situation of the independent small-scale palm oil farmers in the Province of Jambi, Indonesia regarding the practices of palm oil production that cause deforestation in Sumatra. The goal of this thesis was to provide sustainable opportunities for the independent small-scale farmers in Jambi through social innovation. The field research took place at the village of Mekar Jaya and Sungai Rotan Village in the Provinces of Jambi, Indonesia. In the fra...

An oil palm-based biorefinery concept for cellulosic ethanol and phytochemicals production: Sustainability evaluation using exergetic life cycle assessment

International Nuclear Information System (INIS)

Ofori-Boateng, Cynthia; Lee, Keat Teong

2014-01-01

In this study, thermo-environmental sustainability of an oil palm-based biorefinery concept for the co-production of cellulosic ethanol and phytochemicals from oil palm fronds (OPFs) was evaluated based on exergetic life cycle assessment (ExLCA). For the production of 1 tonne bioethanol, the exergy content of oil palm seeds was upgraded from 236 MJ to 77,999 MJ during the farming process for OPFs production. Again, the high exergy content of the OPFs was degraded by about 62.02% and 98.36% when they were converted into cellulosic ethanol and phenolic compounds respectively. With a total exergy destruction of about 958,606 MJ (internal) and 120,491 MJ (external or exergy of wastes), the biorefinery recorded an overall exergy efficiency and thermodynamic sustainability index (TSI) of about 59.05% and 2.44 per tonne of OPFs' bioethanol respectively. Due to the use of fossil fuels, pesticides, fertilizers and other toxic chemicals during the production, the global warming potential (GWP = 2265.69 kg CO 2 eq.), acidification potential (AP = 355.34 kg SO 2 eq.) and human toxicity potential (HTP = 142.79 kg DCB eq.) were the most significant environmental impact categories for a tonne of bioethanol produced in the biorefinery. The simultaneous saccharification and fermentation (SSF) unit emerged as the most exergetically efficient (89.66%), thermodynamically sustainable (TSI = 9.67) and environmentally friendly (6.59% of total GWP) production system. -- Highlights: • Thermo-environmental sustainability of palm-based biorefinery was assessed. • OPFs' exergy content was degraded when converted into bioethanol and phytochemicals. • Exergy efficiency (59.05%) and TSI (2.44) were recorded for the biorefinery • Global warming potential of 2265.6 kg CO 2 eq. was recorded for the whole biorefinery

Conventional methods and emerging wastewater polishing technologies for palm oil mill effluent treatment: a review.

Science.gov (United States)

Liew, Wai Loan; Kassim, Mohd Azraai; Muda, Khalida; Loh, Soh Kheang; Affam, Augustine Chioma

2015-02-01

The Malaysian palm oil industry is a major revenue earner and the country is ranked as one of the largest producers in the world. However, growth of the industry is synonymous with a massive production of agro-industrial wastewater. As an environmental protection and public health concern, the highly polluting palm oil mill effluent (POME) has become a major attention-grabber. Hence, the industry is targeting for POME pollution abatement in order to promote a greener image of palm oil and to achieve sustainability. At present, most palm oil mills have adopted the ponding system for treatment. Due to the successful POME pollution abatement experiences, Malaysia is currently planning to revise the effluent quality standards towards a more stringent discharge limits. Hence, the current trend of POME research focuses on developing tertiary treatment or polishing systems for better effluent management. Biotechnologically-advanced POME tertiary (polishing) technologies as well as other physicochemical methods are gaining much attention as these processes are the key players to push the industry towards the goal of environmental sustainability. There are still ongoing treatment technologies being researched and the outcomes maybe available in a while. However, the research completed so far are compiled herein and reported for the first time to acquire a better perspective and insight on the subject with a view of meeting the new standards. To this end, the most feasible technology could be the combination of advanced biological processes (bioreactor systems) with extended aeration, followed by solids separation prior to discharge. Chemical dosing is favoured only if effluent of higher quality is anticipated. Copyright © 2014 Elsevier Ltd. All rights reserved.

Towards sustained high oil prices and increasingly volatile

International Nuclear Information System (INIS)

Auverlot, Dominique; Teillant, Aude; Rech, Olivier

2012-09-01

It is particularly difficult to predict the evolution of global oil production and its ability to meet the demand: the main uncertainties are related to the magnitude of the growth of emerging countries, more or less rapid decline in the production of major oil fields current events as well as natural or accidental, but especially geopolitics, which may affect, at any time, production. In a tight market today, the rapid growth of emerging economies, disruption of the oil supply chain world, even its mere mention, could cause short-term loss of excess production capacity - largely concentrated in Saudi Arabia - an increase substantial progress and, as contemplated by the International Atomic Energy imbalances between global oil supply and demand. If, after 2020, production of conventional oil begins to decline and the demand from emerging markets continues to grow, more massive imbalances may arise, leading to potential geopolitical tensions. Control would then demand the best answer. Otherwise, the resources of unconventional hydrocarbons, considerable expected to meet the demand, provided that their development is fast enough and their operating conditions are environmentally friendly. A consensus is emerging today on keeping oil prices high (above $ 100 / barrel) and volatile in the coming years, allowing some producing countries to pursue their development, but for France amplifying the negative effects on the economic growth oil bill (more than 49 billion euros in 2011) weighs more heavily in our trade deficit. In all cases, climate issues, the weight of the oil bill on our economy, securing our energy supply and technical uncertainties or geopolitical oil production call for reducing our oil consumption, accelerated motion the transition to a low carbon economy and development of our own energy resources. Contents: - Current analysis of oil reserves; - Uncertainties about the evolution of world oil production; - What is the potential long-term oil production

Oil Prices and Venezuela's Economy

OpenAIRE

Mark Weisbrot; Rebecca Ray

2008-01-01

This paper looks at Venezuela’s export revenue, imports, and trade and current account balances under a range of oil price outcomes for the next two years. It finds that Venezuela would run large current account surpluses for prices between $60-90 per barrel, and would even run a small surplus with prices at $50 per barrel. (Most oil industry estimates for the next two years are in the range of $80-90 per barrel). The authors conclude that Venezuela is unlikely to run into foreign exchange co...

Poverty and Share Revenue in the Cameroon Cocoa Zone

Directory of Open Access Journals (Sweden)

Folefack, DP.

2010-01-01

Full Text Available This study evaluates the revenue level and unequal poverty revenue in the Cameroonian cocoa zone. The results show a great variability on the revenues generating activities to producers of cocoa in Cameroon. These activities generate an average revenue of 1 215 622 FCFA per year, with an annual average revenue of 145 933 FCFA per person. We realize through the indice of Gini 0.61 that the concentration of these revenues is most strong in Cameroon and the poverty rate is still affecting 69% of the population. We observe as well that the average revenue of 228 263 FCFA per year and per person for the producers of South West. They are thus the richest, inspite of the high degree of concentration. In the Centre, the population have a high average annual revenue of 87 257 FCFA per person and the concentration seems to be in a lower degree. Finally, in the South we find the poorest with a revenue of 53 504 FCFA per year and per person and the concentration is more important. An analysis based on unequal indicators shows in general that the revenue per person is relatively low and the degree of concentration of revenue is stronger in the Cameroonian cocoa zone.

Piracy and Movie Revenues

DEFF Research Database (Denmark)

Peukert, Christian; Claussen, Jörg; Kretschmer, Tobias

difference-in-differences approach. We compare box office revenues before and after the shutdown to a matched control group of movies unaffected by the shutdown. We find that the shutdown had a negative, yet insignificant effect on box office revenues.This counterintuitive result may suggest support...... for the theoretical perspective of (social) network effects where file-sharing acts as a mechanism to spread information about a good from consumers with zero or low willingness to pay to users with high willingness to pay....

Oil and gas activities in northern Norway; KonKraft rapport 6; Olje- og gassvirksomhet i nord

Energy Technology Data Exchange (ETDEWEB)

2009-07-01

KonKraft report 6 deals with oil and gas operations on the Norwegian continental shelf (NCS) from Nordland county and northwards. It aims to contribute to a broad factual base for decision processes related to opening new exploration areas in these waters. The Norwegian petroleum sector employs about 250 000 people directly and indirectly. It accounts for a third of government revenues, and 90 per cent of its profits accrue to the state. NOK 119 billion of the central government budget in 2009 comes directly from oil and gas revenues. These funds finance roads, nursery schools, hospitals and the Norwegian welfare state. In addition, they safeguard future pensions. This industry is at a crossroads today. Oil production has dropped by 30 per cent since 2000. Recent forecasts from the Norwegian Petroleum Directorate show that it may be reduced by 50 per cent from its peak by 2013. Overall oil and gas output is expected to begin falling from the middle of the next decade. To slow this decline in output and revenues, the oil companies need access to new and attractive exploration acreage. Half the production expected by the government in 2030 relates to resources which have yet to be proven. Opening further areas of the NCS to petroleum activities would contribute to maintaining substantial investment and revenues for the community, and to continuing the development of industry in the northernmost parts of the country. The report reviews unopened areas along the Norwegian coast from the Helgeland region and north-eastwards to the Russian border. Nordland VI and VII plus Troms II are regarded by the petroleum industry as the most promising regions for big discoveries which could slow the production decline. The KonKraft 2 report concerning production development on the NCS estimates remaining resources in these three areas at 3.4 billion barrels of oil equivalent (boe). (Author)

Ethics and the oil industry

International Nuclear Information System (INIS)

Bauquin, P.R.

2001-01-01

In many countries public opinions are more and more sensitive to ethical issues linked to the manner in which industries and particularly oil companies behave. Oil companies are frequently unpopular, among the public both in producing and consuming countries. After a brief analysis of the reasons for this unpopularity, the author attempts to show both the ambiguities surrounding the question of ethics, and its complexity. This is especially true when oil companies have to work in countries which are destabilized, and in which disturbances - or even civil wars - may be fuelled by the important revenue streams resulting from the oil production. The various ethical issues are reviewed, from human rights to political interference, without omitting global or local environmental problems. Despite the very deep roots of the various issues the author believe some progress is achievable and advocates that the oil industry lead the way in this difficult domain. (author)

3. quarter 2006 sales revenue

International Nuclear Information System (INIS)

2006-10-01

This document presents the sales revenue of the 3. quarter 2006 for the Group AREVA. The sales revenues for the first nine months of 2006 are up by 8,1% to 7,556 millions euros; the nuclear operations are up by 5,2% reflecting strong performance in the front end division; the transmission and distribution division is up by 14%. (A.L.B.)

Modelling altered revenue function based on varying power consumption distribution and electricity tariff charge using data analytics framework

Science.gov (United States)

Zainudin, W. N. R. A.; Ramli, N. A.

2017-09-01

In 2010, Energy Commission (EC) had introduced Incentive Based Regulation (IBR) to ensure sustainable Malaysian Electricity Supply Industry (MESI), promotes transparent and fair returns, encourage maximum efficiency and maintains policy driven end user tariff. To cater such revolutionary transformation, a sophisticated system to generate policy driven electricity tariff structure is in great need. Hence, this study presents a data analytics framework that generates altered revenue function based on varying power consumption distribution and tariff charge function. For the purpose of this study, the power consumption distribution is being proxy using proportion of household consumption and electricity consumed in KwH and the tariff charge function is being proxy using three-tiered increasing block tariff (IBT). The altered revenue function is useful to give an indication on whether any changes in the power consumption distribution and tariff charges will give positive or negative impact to the economy. The methodology used for this framework begins by defining the revenue to be a function of power consumption distribution and tariff charge function. Then, the proportion of household consumption and tariff charge function is derived within certain interval of electricity power. Any changes in those proportion are conjectured to contribute towards changes in revenue function. Thus, these changes can potentially give an indication on whether the changes in power consumption distribution and tariff charge function are giving positive or negative impact on TNB revenue. Based on the finding of this study, major changes on tariff charge function seems to affect altered revenue function more than power consumption distribution. However, the paper concludes that power consumption distribution and tariff charge function can influence TNB revenue to some great extent.

Managing resource revenues in developing economies

NARCIS (Netherlands)

Collier, Paul; Van Der Ploeg, Rick; Spence, Michael; Venables, Anthony J.

2010-01-01

This paper addresses the efficient management of natural resource revenues in capital-scarce developing economies. It departs from usual prescriptions based on the permanent income hypothesis and argues that capital-scarce countries should prioritize domestic investment. Because revenue streams are

Make the Alberta Carbon Levy Revenue Neutral

Directory of Open Access Journals (Sweden)

Kenneth J. McKenzie

2016-04-01

Full Text Available The new carbon levy of $30 per tonne, announced in November 2015 as part of the report issued by the Alberta government’s Climate Leadership Panel, is a positive move in the direction of pricing carbon emissions. The levy is expected to generate $3 billion in net revenue by 2018, and possibly as much as $5 billion by 2030. While there is some discussion in the report of what should be done with the revenues generated by the carbon levy, it is somewhat vague on the details, leaving a number of options open to the government. The purpose of this briefing paper is to argue that the revenues from the carbon levy should be used to lower existing taxes – the carbon tax should be revenue neutral, generating no new net revenue for the government. The basic argument is that the carbon levy can be viewed through two lenses. The first lens is the imposition of a price on carbon emissions which (at least partly reflects the social costs of emissions. Viewed through this price lens, the carbon levy plays an important role in incenting firms and individuals to change their behaviour and move towards less carbon intensive activities. The second lens is the role of a carbon tax as a part of the broad revenue system. Viewed through this tax lens, a carbon tax is not a very good, or efficient, way of generating revenue. The reason for this is somewhat nuanced, but the basic idea is that the carbon tax is applied to a narrower base than broader-based taxes. Broad based taxes generally impose lower costs on the economy than narrow based taxes. Moreover, carbon taxes interact with other taxes in the economy, exacerbating the economic costs associated with those taxes. And those costs are quite high – research shows that the total cost to the economy of raising an additional $1 in revenue through the corporate income tax in Alberta is $3.79; for the personal income tax the cost is $1.71. These taxes therefore impose higher costs on the economy than they raise

Sustainable supply chain design for waste cooking oil-based biodiesel in bogor using dynamic system approach

Science.gov (United States)

Syahdan, A. D.; Arkeman, Y.; Wijaya, H.

2017-05-01

Biodiesel is one of the alternative fuels that are environmentally friendly. Besides palm oil, biodiesel can also be produced from waste cooking oil. Since 2007, the government of Bogor has been utilizing waste cooking oil into biodiesel for use as Transpakuan bus’ fuel. However, in practice, the amount of waste cooking oil supplied is never sufficient the needs of fuel of 30 units Transpakuan bus. The main objective of this research is to analyze the availability of waste cooking oil that will be converted into biodiesel within the next ten years as well as providing policy advice to support the program. The method used is a dynamic system that is followed by simulation of multiple scenarios that have been defined. The system is divided into three subsystems, namely supply subsystem, demand subsystem, and production subsystem. The results showed that the current system is not able to guarantee the sustainability of the supply chain of waste cooking oil as a raw material of biodiesel. From some of the scenarios tested can be concluded that biodiesel needs would increase in line with the trend of the use of environmentally friendly fuels. It takes a new system and a new policy relating to the biodiesel supply chain. Policy suggestions that can be proposed from this research is to increase supplier participation, objectify the program of converting angkot into Transpakuan bus, and support the development of biodiesel industry.

Digging Deep for the Heritage Fund: Why the Right Fund for Alberta Pays Dividends Long After Oil Is Gone

Directory of Open Access Journals (Sweden)

Ton van den Bremer

2014-10-01

Full Text Available Albertans have long been aware that while their provincial government has shown a lack of consistent discipline in investing oil royalty revenues in the Alberta Heritage Savings Trust Fund, the Norwegians have been showing oil-rich jurisdictions just how effectively saving can be done. While Alberta’s fund was established in the mid-1970s, more than a decade before Norway began its national savings program, the Norwegian fund was worth more than $900 billion as of the beginning of 2014; Alberta’s is worth roughly $15 billion today, revealing the province’s inability to stick with firm, routine contribution commitments, and its occasional habit of using the fund’s earnings to cover spending priorities. But while many economists, politicians and pundits from both the left and right have long pointed to Norway as the model for Alberta to follow, it would in fact be wrong for Alberta to mimic Norway’s strategy. Indeed, the right plan for Alberta can set the province up in better shape for the future than even Norway will be. The Norway approach will inevitably prove unsustainable. As it is, Norway deposits all resource revenue into its fund, which then distributes a dividend to the government every year worth four per cent of the fund’s wealth. As the fund grows, so to does the size of the dividend. Yet, as wealth is converted from belowground assets (oil to aboveground assets (cash and investments, the belowground wealth becomes gradually but inevitably depleted. At some point, all of Norway’s oil wealth will have been converted into aboveground assets, and the dividend will eventually have to be adjusted downward. A more sustainable approach, and one that Alberta should pursue, is one where the dividend is a falling proportion of fund assets. In other words, the province will want to calculate an appropriate dividend that is a fraction not just of the size of the financial fund (aboveground, but a constant fraction of total wealth �

14 CFR 271.5 - Carrier revenues.

Science.gov (United States)

2010-01-01

... Aeronautics and Space OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION (AVIATION PROCEEDINGS) ECONOMIC REGULATIONS GUIDELINES FOR SUBSIDIZING AIR CARRIERS PROVIDING ESSENTIAL AIR TRANSPORTATION § 271.5 Carrier revenues. (a) The projected passenger revenue for a carrier providing essential air service at an eligible...

Mismanagement of Oil and Gas Resource Revenues in Africa: Lessons for Ghana’s Budding Oil and Gas Industry

Science.gov (United States)

2013-06-13

discovered in Venezuela in the 1920s and the country immediately set about diversifying its production and export structure. Prior to the oil discovery... exports of coffee and cocoa and dependence on its agricultural structure (Di John 2009, 19). After the discovery of oil, the country became a...32 Venezuela as a Case Study

On the Core of Routing Games with Revenues

NARCIS (Netherlands)

A. Estévez-Fernandéz (Arantza); P. Borm; M. Meertens; H. Reijnierse

2006-01-01

htmlabstract Traveling salesman problems with revenues form a generalization of traveling salesman problems. Here, next to travel costs an explicit revenue is generated by visiting a city. We analyze routing problems with revenues, where a predetermined route on all cities determines the tours

On the Core of Routing Games with Revenues

NARCIS (Netherlands)

Estevez Fernandez, M.A.; Borm, P.E.M.; Meertens, M.; Reijnierse, J.H.

2006-01-01

Traveling salesman problems with revenues form a generalization of traveling salesman problems.Here, next to travel costs an explicit revenue is generated by visiting a city.We analyze routing problems with revenues, where a predetermined route on all cities determines the tours along

14 CFR Sec. 2-5 - Revenue and accounting practices.

Science.gov (United States)

2010-01-01

... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Revenue and accounting practices. Sec. 2-5... General Accounting Provisions Sec. 2-5 Revenue and accounting practices. (a) Revenue accounting practices... physically verify the reliability of its passenger revenue accounting practice at least once each accounting...

The new challenges for oil-based sovereign wealth funds

International Nuclear Information System (INIS)

Aoun, Marie-Claire; Boulanger, Quentin

2015-02-01

Sovereign wealth funds (SWFs) are often presented as an effective instrument for managing hydrocarbon rents, reducing the impact of the volatility of oil or gas revenues on the economy, separating expenditure from income, and promoting a more transparent management of the rent. The asset allocation strategy has become more complex with the rapid rise in oil prices between 2007 and 2014, and the substantial financial reserves accumulated in hydrocarbon-producing countries, switching from an approach of wealth management to an approach of investment and financial optimisation. Hence, these funds have become major players on the international financial and industrial scene. Moreover, with the discovery of new hydrocarbon resources in recent years, particularly in Africa, the strategies of new funds appear to be moving towards a new goal of local economic development. But the unforeseen collapse of crude oil prices in recent months poses a new risk for some SWFs based on hydrocarbon revenues, which has to come to the aid of their economies and focus on their main principle of macro-economic stabilisation. (author)

On the core of routing games with revenues

NARCIS (Netherlands)

Estevez Fernandez, M.A.; Borm, P.; Meertens, M.; Reijnierse, H.

2009-01-01

Traveling salesman problems with revenues form a generalization of traveling salesman problems. Here, next to travel costs an explicit revenue is generated by visiting a city. We analyze routing problems with revenues, where a predetermined route on all cities determines the tours along subgroups.

Mexico´s Energy Reform : an analysis of the market, new policy and integration of renewable energy for economic and sustainable development

OpenAIRE

Favela, Alfredo Rojas

2016-01-01

In the framework of the approved Energy Reform in 2013, Mexico puts an end to seven decades of centralized control of the energy and electricity markets within the government through the State governed companies CFE (Federal Electricity Commission) and PEMEX (Mexican Oil). During the largest part of last century and the beginning of the current, the Mexican government relied heavily on the revenues generated by PEMEX through the sale of oil to foreign countries and tax revenues...

STUDY CONCERNING THE EXECUTION OF LOCAL BUDGETS REVENUES

Directory of Open Access Journals (Sweden)

Cristinel ICHIM

2013-12-01

Full Text Available Implementation of local budget revenues is a very important sub-phase of the local budgetary process its correct accomplishment ensures regularity and efficiency in revenue collection, which will cover the local budget expenditures. Through this scientific approach we intended to achieve an analysis of the implementation of revenues mobilized to the local budgets in Romania. The study started with fixing the concept of execution of budget revenues and defining its phases, and followed with the analysis of the implementation of local budget revenues in three levels, namely: the overall local budgets in Romania, at the city level and at the community level. We have to mention that the analysis of the execution of local budgets was done in 2011, based on existing data in the last occurrence of the Romanian Statistical Yearbook for 2012. The paper concluded with some considerations regarding the execution of local budgets revenues and some proposals for improving the collection of local income.

Tax effort and oil royalties in the Brazilian municipalities

Directory of Open Access Journals (Sweden)

Fernando Antonio Slaibe Postali

2015-09-01

Full Text Available This paper estimates a stochastic production frontier, to investigate whether municipalities covered by oil royalties in the last decade have reduced their tax effort in Brazil. The issue is relevant to the prospect of a substantial increase in these revenues and the new rules for distribution of the funds, established by Law No. 12.734/2012. The inputs were provided by personnel and capital expenditures, whereas the product was defined as the municipal tax collection. With the purpose of overcoming the endogeneity problems due to reverse causality of output on inputs, we used the lagged independent variable as instruments in the inefficiency equation. The data set is composed of a panel of Brazilian municipalities from 2002 to 2011. The results indicate that oil revenues have a negative impact on the estimated efficiencies, signaling reduced fiscal effort by the benefiting municipalities.

Managing Mexican Oil: Politics or Economics?

Directory of Open Access Journals (Sweden)

Alicia Puyana Mutis

2008-07-01

Full Text Available During decades the policies towards oil and energy implemented in Mexico have resulted in the de pletion of reserves, the explosion of debt of Pemex (90 per cent of its capital, and the dramatic petrolization of the total fiscal revenue. High prices, the war on terror and political instability in oil rich regions have reinforced usA policy of "energy security" and the interest in the creation of the Common Market on Energy, as the way to strengthen the TLCAN. To respond to these two forces Mexico will have to reform its traditional oil policy. All possible options: to reduce the fiscal burden upon Pemex or to open to private investments the exploration of oil have excruciating political costs, which no government has shown the will to confront.

Hospital revenue cycle management and payer mix: do Medicare and Medicaid undermine hospitals' ability to generate and collect patient care revenue?

Science.gov (United States)

Rauscher, Simone; Wheeler, John R C

2010-01-01

The continuing efforts of government payers to contain hospital costs have raised concerns among hospital managers that serving publicly insured patients may undermine their ability to manage the revenue cycle successfully. This study uses financial information from two sources-Medicare cost reports for all US hospitals for 2002 to 2007 and audited financial statements for all bond-issuing, not-for-profit hospitals for 2000 to 2006 to examine the relationship between hospitals' shares of Medicare and Medicaid patients and the amount of patient care revenue they generate as well as the speed with which they collect their revenue. Hospital-level fixed effects regression analysis finds that hospitals with higher Medicare and Medicaid payer mix collect somewhat higher average patient care revenues than hospitals with more privately insured and self-pay patients. Hospitals with more Medicare patients also collect on this revenue faster; serving more Medicaid patients is not associated with the speed of patient revenue collection. For hospital managers, these findings may represent good news. They suggest that, despite increases in the number of publicly insured patients served, managers have frequently been able to generate adequate amounts of patient revenue and collect it in a timely fashion.

Oil price and the dollar

International Nuclear Information System (INIS)

Coudert, V.; Mignon, V.; Penot, A.

2007-01-01

Oil prices and the United States (US) dollar exchange rate are driving the evolution of the world economy. This paper investigated long-term relationships between oil prices and the US effective exchange rate. An empirical study was performed on oil prices and the dollar real effective exchange rate between 1974 to 2004. The impact of the dollar exchange rate was also explored, and the effects of oil prices on supply and demand were considered. A dynamic partial equilibrium framework study was evaluated in order to compare how other countries used revenues from oil exports in dollars. The study showed that both variables had similar evolutions when price fluctuations were low. Strong increases in the dollar were associated with lower oil prices. However, adjustment speeds of the dollar real effective exchange rate was slow. Co-integration and causality tests showed that oil prices influenced the exchange rate, and that the link between the 2 variables was transmitted through the country's net foreign asset position. It was concluded that higher oil prices improved US net foreign asset position in relation to other countries, and had a positive impact on dollar appreciation. 24 refs., 6 tabs., 1 fig

Print Media Objectivity and Advertising Revenue: An Appraisal ...

African Journals Online (AJOL)

This paper is an analysis of the interface between objectivity of print media and advertising revenue. It adopts the analytical approach in analyzing the perceptual influence of sources of advert revenue on print media content. The primary objective is to ascertain whether the source of advert revenue influences media content ...

Sustainable energy transitions in emerging economies: The formation of a palm oil biomass waste-to-energy niche in Malaysia 1990–2011

International Nuclear Information System (INIS)

Hansen, Ulrich Elmer; Nygaard, Ivan

2014-01-01

The economic development in emerging economies in Southeast Asia has significantly increased the use of fossil fuel based energy. This has severe implications for global climate change, and against this background, scholars within the sustainable transition tradition have taken an interest in addressing how transitions towards more sustainable development pathways in this region may be achieved. This paper contributes to the abovementioned literature by examining the conducive and limiting factors for development and proliferation of a palm oil biomass waste-to-energy niche in Malaysia during the period 1990–2011. Rising oil prices, strong pressure on the palm oil industry from environmental groups, and a persisting palm oil biomass waste disposal problem in Malaysia appear to have been conducive to niche proliferation, and on top of this national renewable energy policies and large-scale donor programmes have specifically supported the utilisation of palm oil biomass waste for energy. However, in spite of this, the niche development process has only made slow progress. The paper identifies reluctant implementation of energy policy, rise in biomass resource prices, limited network formation and negative results at the niche level, as the main factors hindering niche development. - Highlights: • We examine crucial factors for developing a biomass-to-energy niche in Malaysia. • In spite of interventions for policy support the niche has only made slow progress. • Oil prices, NGO pressure, waste problems and policy support were the enabling factors. • First, reluctant implementation of energy policy was hindering niche development. • Later, low performance level of implemented plants was hindering niche development

London-type congestion tax with revenue-recycling

OpenAIRE

Yukihiro Kidokoro

2005-01-01

Road pricing in London attracts a great deal of interest. A challenging aspect of the London scheme is that congestion tax revenue is used to upgrade public transit networks. Although Parry and Bento (2001) show that the total social surplus would increase if congestion tax revenues are used to cut labor taxes, political difficulties exist in implementing revenue-recycling between congestion taxes and labor taxes. Given such political difficulties, the London scheme seems to be very attractiv...

Environmental legal implications of oil and gas exploration in the Niger Delta of Nigeria

Science.gov (United States)

Orubebe, Bibobra Bello

Nigeria is an African country endowed with a wealth of oil and gas resources, and they are mainly found in the core Niger Delta (home to the Ijaw and Ogoni indigenous, ethnic minorities). Since Great Britain granted Nigeria political independence on October 1, 1960, successive Nigerian governments (military and civilian) have been dominated by the majority ethnic groups (Hausa-Fulani, Yoruba, and Ibo). Significantly, the government adopted a socialist-based model of absolute state ownership over oil and gas resources. The socialist model formed the basis of Nigeria's business collaboration with multinational oil and gas corporations from Europe and the United States (notably Shell, Chevron Texaco, Agip, Exxon Mobil, Total, and Elf). This model is fraught with contradictions and has led to unacceptable consequences, including policies that allow exploitation of natural resources without reference to environmental sustainability. When oil was first struck in 1956 at Oloibori (Ijaw area), people thought it would bring prosperity and an improved quality of life. Sadly, the opposite has occurred. Forty-nine years of hardship, agonizing pain, debilitating anger, extreme poverty, poisoned rivers, destroyed occupations, devastated environment, and stunted growth of the youth are the negative impacts of oil and gas exploitation in the Niger Delta. In other words, oil and gas exploration and production have visited a full range of evils---socio-political, economic, and cultural---upon the indigenous Niger Delta people. Furthermore, the wealth extracted from the area is used by the state and multinational corporations to enhance their own wealth and quality of life. Revenue has been conspicuously looted and misappropriated by political leaders at the expense of the Niger Delta environment and its people. This confluence of exploitation and injury has led to social upheavals and armed rebellions, all capable of precipitating the disintegration of the country. In this

The different plantations for production of vegetable fuel oils; Os diferentes cultivos para producao de oleos vegetais combustiveis

Energy Technology Data Exchange (ETDEWEB)

Mourad, Anna Lucia [Universidade Estadual de Campinas (UNICAMP), Campinas, SP (Brazil). Faculdade de Engenharia Mecanica. Dept. de Energia

2006-07-01

This paper identifies how the National Program for Production and Use of Biodiesel could spread itself by the geographic regions from the specific characteristics and the present panoram production of those plantations. Combining the productions of dende, peanut, corn, soybean, common coconut, cotton, castor oil, sunflower and canola from each geographic region with average revenue in oil for the reference year of 2004, it was calculated the potential of oil generation for the South (32.9 per cent) and Center West (40.8 per cent) elevated per capita revenue regions are higher than the North and Northeast (3.4 and 10.1 per cent respectively) regions, mainly as function of elevated soybean and corn production.

39 CFR 3050.25 - Volume and revenue data.

Science.gov (United States)

2010-07-01

... 39 Postal Service 1 2010-07-01 2010-07-01 false Volume and revenue data. 3050.25 Section 3050.25 Postal Service POSTAL REGULATORY COMMISSION PERSONNEL PERIODIC REPORTING § 3050.25 Volume and revenue... billing determinants, broken out by quarter, within 90 days of the close of each fiscal year; (c) Revenue...

A Revenue Planning Tool for Charter School Operators

Science.gov (United States)

Keller, Eric; Hayes, Cheryl D.

2009-01-01

This revenue planning tool aims to help charter school operators develop a sound revenue base that can meet their school's current and future funding needs. It helps identify and assess potential public (federal, state, and local) and private funding sources. The tool incorporates a four-step revenue planning process which includes: (1)…

Implications of Canadian oil tax policies

Energy Technology Data Exchange (ETDEWEB)

Copplestone, G H

1983-01-01

This thesis examines some of the implications of the policy initiatives taken by both levels of government during the 1974-80 period (i.e., from the OPEC oil embargo and subsequent quadrupling of posted world oil prices to the introduction of the National Energy Program, or NEP). A survey of the fiscal instruments employed by both the federal and the oil-producing provincial levels of government to distribute the oil revenues generated in Canada is presented. The focus of this survey is primarily on the pre-NEP regime and the immediate post-NEP regime. The remainder of the thesis then deals with some of the distributional and efficiency aspects of these tax regimes. The thesis also examines the economic efficiency aspects of the pre- and post-NEP tax regimes. In particular, it addresses the issue of an inefficient allocation of resources within the oil industry itself.

The oil and gas industry and the Canadian economy: a backgrounder

International Nuclear Information System (INIS)

Curran, R.

2000-02-01

The impact of the oil and natural gas industry on the Canadian economy is explained in terms of employment, balance of trade, products, government revenues, international technology trade and industry support to the community. It is reported that the industry employs almost one half million people in Canada; is the second largest contributor to Canada's balance of trade; generate billions of dollars for the economy and pays hundreds of millions of dollars in taxes and its employees contribute millions of dollars and thousands of hours of time to charitable and community organizations. The industry is also one of the major contributors to Canada's technology export through its leadership in high technology exploration methods, cold climate and offshore operations, enhanced recovery technologies, producing and processing heavy oil; mining and upgrading oil sands bitumen, oil-well firefighting techniques and environmental protection technologies, among others. Citing Canada's cold climate and energy-intensive industries, hence the need for large quantities of energy, the booklet offers a rationale for the industry's need to continue to be profitable in order to develop new sources of oil and gas production and invest in energy-efficient technologies. Assuming continued profitability, combined with more efficient use of oil and gas, the Foundation remains confident that the industry will provide energy security and export revenues for the benefit of all Canadians. 12 refs., photos

75 FR 78804 - Proposed Collection; Comment Request for Revenue Procedure 2003-45 and Revenue Procedure 2004-48

Science.gov (United States)

2010-12-16

... required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently... Corporations, and Revenue Procedure 2004-48, Deemed Corporate Election for Late Electing S Corporations. DATES...-45, Late Election Relief for S Corporations, and Revenue Procedure 2004-48, Deemed Corporate Election...

Effect of floating pricing policy: An application of system dynamics on oil market after liberalization

Energy Technology Data Exchange (ETDEWEB)

Wu, Jung-Hua, E-mail: hwaa@mail.ncku.edu.tw [Department of Resources Engineering, National Cheng Kung University, Tainan 701, Taiwan (China); Huang, Yi-Lung [Exploration and Development Research Institute, Chinese Petroleum Corporation, Taiwan, No. 1, Dayuan, Wenfa Road, Miaoli City, Miaoli County 36042, Taiwan (China); Liu, Chang-Chen [Department of Resources Engineering, National Cheng Kung University, Tainan 701, Taiwan (China)

2011-07-15

Upon the implementation of the floating price mechanism, Taiwan's gasoline and diesel prices returned to market mechanism, which terminated the phenomenon of the public paying for the losses of the state-owned oil company-Chinese Petroleum Corporation, Taiwan (CPC). Furthermore, the relatively low production costs of the privately owned Formosa Petrochemical Corporation (FPCC) disclosed the pricing mechanism of CPC, which inspired FPCC to adopt pricing strategy in order to increase the market share. This study aims to establish a system dynamics model to analyze the effects of the floating price mechanism on Taiwan's gasoline and diesel markets. This Model is divided into four sub-systems. The model of this study passed several validation tests, and hence, is able to provide a 'virtual laboratory' for policy-makers to conduct simulation and scenario analysis. The simulation results indicate (a) feedback mechanism of expected revenues and pricing strategy could efficiently simulate the FPCC pricing mechanism, (b) price competition strategy could increase FPCC revenues, although the effect on market share is not remarkable, and (c) FPCC has a higher gas-station growth rate. Scenario analyses found (a) lowering oil security stockpile would not change FPCC's pricing strategy and (b) FPCC prefers to follow CPC pricing when it has more gas stations. - Highlights: > System dynamics model analyzes the effects of oil markets' floating price mechanism. > Feedback mechanism of expected revenues could efficiently simulate pricing mechanism. > Price competition strategy could increase FPCC revenues. > Lowering oil security stockpile, FPCC's pricing strategy would not change. > FPCC prefers to follow CPC pricing when it has more gas stations.

Effect of floating pricing policy: An application of system dynamics on oil market after liberalization

International Nuclear Information System (INIS)

Wu, Jung-Hua; Huang, Yi-Lung; Liu, Chang-Chen

2011-01-01

Upon the implementation of the floating price mechanism, Taiwan's gasoline and diesel prices returned to market mechanism, which terminated the phenomenon of the public paying for the losses of the state-owned oil company-Chinese Petroleum Corporation, Taiwan (CPC). Furthermore, the relatively low production costs of the privately owned Formosa Petrochemical Corporation (FPCC) disclosed the pricing mechanism of CPC, which inspired FPCC to adopt pricing strategy in order to increase the market share. This study aims to establish a system dynamics model to analyze the effects of the floating price mechanism on Taiwan's gasoline and diesel markets. This Model is divided into four sub-systems. The model of this study passed several validation tests, and hence, is able to provide a 'virtual laboratory' for policy-makers to conduct simulation and scenario analysis. The simulation results indicate (a) feedback mechanism of expected revenues and pricing strategy could efficiently simulate the FPCC pricing mechanism, (b) price competition strategy could increase FPCC revenues, although the effect on market share is not remarkable, and (c) FPCC has a higher gas-station growth rate. Scenario analyses found (a) lowering oil security stockpile would not change FPCC's pricing strategy and (b) FPCC prefers to follow CPC pricing when it has more gas stations. - Highlights: → System dynamics model analyzes the effects of oil markets' floating price mechanism. → Feedback mechanism of expected revenues could efficiently simulate pricing mechanism. → Price competition strategy could increase FPCC revenues. → Lowering oil security stockpile, FPCC's pricing strategy would not change. → FPCC prefers to follow CPC pricing when it has more gas stations.

Income growth, government spending, and wasting assets: Alberta's oil and gas

International Nuclear Information System (INIS)

Smith, R.S.

1992-01-01

Physical and monetary accounts for the oil and gas sectors in Alberta from 1963 through 1988 are used to adjust Alberta's Gross Domestic Product and Gross Domestic Investment for changes in oil and gas reserves. Other resources, non-renewable and renewable, are important to Alberta, but the change in oil and gas reserves over the past quarter century deserves attention in itself. Growth rates of income and investment during the 1970s and 1980s differ significantly when the adjustments are made to conventional income accounts. Since policies are often based on conventional statistics, alternative measures yielding very different results warrant attention. The oil and gas accounts also permit comparison of past expenditures of resource revenues with what would be spent under a rule of thumb such as Robert Solow's (1986) suggestion that allowable consumption be interest on an initial patrimony of resource endowment. Such a comparison indicates the provincial government may, at times, have overspent resource revenues during the past quarter century; at other times its policies appear to have been quite conservative. The estimates presented require various assumptions, and therefore are but one possible set of adjustments deserving consideration. 26 refs., 4 figs., 13 tabs

The state tax regulation in the oil and gas industry

Directory of Open Access Journals (Sweden)

E. I. Cherkasova

2018-01-01

Full Text Available Russian tax laws in petrochemical complex generally has a fiscal orientation now. The current system of taxation in the oil industry has the biggest tax burden in the world, amount of oil and gas revenues was more then 43-51% of all budget revenues over past decades, remaining its main source. Generally, there were changes in the ratios of incomes in the forms of export customs duty and tax on the extraction of minerals. State policy in the field of resource payments affects the entire industry, influencing the structure of oil and oil supplies on internal and external markets and realization of the programs for modernization and development in priority areas. Changes of structure of national production, increasing the contribution of agriculture, IT sphere and other branches to aggregate national product should be reflected in the revision of the tax burden on the industries, associated with the extraction and processing of minerals. It is necessary to reduce the fiscal direction of tax regulation in petrochemical sector with a simultaneous increasing the role of tools that stimulate modernization and updating of equipment, implementation of new processes and technologies, the maximum use of process-deepening processes as well as the development of deposits with severe production conditions. In the near future, it is planned to introduce new changes in taxation in field of oil production and refining - introduction of benefits for oil production in new fields or fields with difficult production conditions or poor quality of oil and introduction of a tax on additional income..

Gasoline taxes and revenue volatility: An application to California

International Nuclear Information System (INIS)

Madowitz, M.; Novan, K.

2013-01-01

This paper examines how applying different combinations of excise and sales taxes on motor fuels impact the volatility of retail fuel prices and tax revenues. Two features of gasoline and diesel markets make the choice of tax mechanism a unique problem. First, prices are very volatile. Second, demand for motor fuels is extremely inelastic. As a result, fuel expenditures vary substantially over time. Tying state revenues to these expenditures, as is the case with a sales tax, results in a volatile stream of revenue which imposes real costs on agents in an economy. On July 1, 2010, California enacted Assembly Bill x8-6, the “Gas Tax Swap”, increasing the excise tax and decreasing the sales tax on gasoline purchases. While the initial motivation behind the revenue neutral swap was to provide the state with greater flexibility within its budget, we highlight that this change has two potentially overlooked benefits; it reduces retail fuel price volatility and tax revenue volatility. Simulating the monthly fuel prices and tax revenues under alternative tax policies, we quantify the potential reductions in revenue volatility. The results reveal that greater benefits can be achieved by going beyond the tax swap and eliminating the gasoline sales tax entirely. - Highlights: • We examine how gasoline taxes affect government revenue volatility. • We simulate the impact of California's Gasoline Tax Swap policy. • Sales taxes are shown to magnify price volatility and government revenue volatility. • A pure excise tax policy results in less volatile fuel prices and state revenues. • We argue that reductions in both forms of volatility are welfare enhancing

Revenue Risk Modelling and Assessment on BOT Highway Project

Science.gov (United States)

Novianti, T.; Setyawan, H. Y.

2018-01-01

The infrastructure project which is considered as a public-private partnership approach under BOT (Build-Operate-Transfer) arrangement, such as a highway, is risky. Therefore, assessment on risk factors is essential as the project have a concession period and is influenced by macroeconomic factors and consensus period. In this study, pre-construction risks of a highway were examined by using a Delphi method to create a space for offline expert discussions; a fault tree analysis to map intuition of experts and to create a model from the underlying risk events; a fuzzy logic to interpret the linguistic data of risk models. The loss of revenue for risk tariff, traffic volume, force majeure, and income were then measured. The results showed that the loss of revenue caused by the risk tariff was 10.5% of the normal total revenue. The loss of revenue caused by the risk of traffic volume was 21.0% of total revenue. The loss of revenue caused by the force majeure was 12.2% of the normal income. The loss of income caused by the non-revenue events was 6.9% of the normal revenue. It was also found that the volume of traffic was the major risk of a highway project because it related to customer preferences.

A NOTE ON THE RELATIONSHIP BETWEEN CORRUPTION AND GOVERNMENT REVENUE

OpenAIRE

Jinyoung Hwang

2002-01-01

This paper empirically traces out the impacts of corruption on government revenue. The total amount of government revenue decreases as corruption reduces tax revenues if it contributes to tax evasion, improper tax exemptions or weak tax administration. In addition, corruption may distort the composition of government revenue: that is, a country with a higher level of corruption increases the proportion of international tax revenue rather than domestic tax one as the source of government reven...

Opportunities for Automation, Internet of Things, Big Data Analytics and 3D Printing within Oil and Gas Drilling, Production and Transport.

OpenAIRE

Amundrud, Paul Nicoal

2017-01-01

Master's thesis in Offshore technology The oil price drop of 2014 caused huge concerns for O&G (oil and gas) producers around the world, as their revenues suddenly fell rapidly. The high revenues of earlier years made spending into people and project unproblematic, even without profits in mind. When prices dropped, unprofitable projects and people were dismissed in order to reduce operation expenses to accommodate the new O&G prices. While this method is a fast and effective way of reducin...

Assessment of creation prospects of the effective economic stimulation mechanism of ecologically sustainable oil and gas complex development

Directory of Open Access Journals (Sweden)

Sheveleva Anastasia, V.

2015-12-01

Full Text Available Negative anthropogenous impact on environment is now felt especially sharply and gains global character that can lead to economic and ecological collapse, eventually. One of the most large-scale subjects of the economic environment doing harm to environment are the enterprises of an oil and gas complex as they in large volumes throw out the polluting substances and in high volumes take natural resources. However the field of activity of such enterprises is priority for national economy, and difficult interchangeability of energy raw material resources demands from the state and the oil and gas enterprises of development within realization of complete branch ecological-economic policy of the economic mechanism of stimulation of ecologically sustainable development of an oil and gas complex. Experience of last years within regulation and stimulation of decrease in pollution shows that the most effective way of achievement of it is implementation of serious capital investments in introduction of the environmentally friendly technologies in production allowing to receive a smaller stream of pollution "at the exit" a production system, and also a recycling of resources that can be provided by introduction in practice of work of the company of the best available technologies. Problems of ecologically sustainable development will also be answered by problems of economy not only in production and power, but also in power - a consumer sector for what it is necessary to provide compliance of the technologies used in extracting and processing the energy sectors, with technologies of economy of energy in a consumer sector. In the paper in this regard much attention is paid to possibility of formation of such economic mechanism via the public-private partnership mechanism that means that ecological-economic strategy of development of the enterprises of an oil and gas complex have to be coordinated with power strategy of development of regions and the

Philippines - Revenue Administration Reform

Data.gov (United States)

Millennium Challenge Corporation — The Millennium Challenge Account-Philippines' (MCA-P) implementation of the Revenue Administration Reform Project (RARP) is expected to improve tax administration,...

Oil production, oil prices, and macroeconomic adjustment under different wage assumptions

International Nuclear Information System (INIS)

Harvie, C.; Maleka, P.T.

1992-01-01

In a previous paper one of the authors developed a simple model to try to identify the possible macroeconomic adjustment processes arising in an economy experiencing a temporary period of oil production, under alternative wage adjustment assumptions, namely nominal and real wage rigidity. Certain assumptions were made regarding the characteristics of actual production, the permanent revenues generated from that oil production, and the net exports/imports of oil. The role of the price of oil, and possible changes in that price was essentially ignored. Here we attempt to incorporate the price of oil, as well as changes in that price, in conjunction with the production of oil, the objective being to identify the contribution which the price of oil, and changes in it, make to the adjustment process itself. The emphasis in this paper is not given to a mathematical derivation and analysis of the model's dynamics of adjustment or its comparative statics, but rather to the derivation of simulation results from the model, for a specific assumed case, using a numerical algorithm program, conducive to the type of theoretical framework utilized here. The results presented suggest that although the adjustment profiles of the macroeconomic variables of interest, for either wage adjustment assumption, remain fundamentally the same, the magnitude of these adjustments is increased. Hence to derive a more accurate picture of the dimensions of adjustment of these macroeconomic variables, it is essential to include the price of oil as well as changes in that price. (Author)

Oil prices, fiscal policy, and economic growth in oil-exporting countries

Science.gov (United States)

El-Anshasy, Amany A.

This dissertation argues that in oil-exporting countries fiscal policy could play an important role in transmitting the oil shocks to the economy and that the indirect effects of the changes in oil prices via the fiscal channel could be quite significant. The study comprises three distinct, yet related, essays. In the first essay, I try to study the fiscal policy response to the changes in oil prices and to their growing volatility. In a dynamic general equilibrium framework, a fiscal policy reaction function is derived and is empirically tested for a panel of 15 oil-exporters covering the period 1970--2000. After the link between oil price shocks and fiscal policy is established, the second essay tries to investigate the impact of the highly volatile oil prices on economic growth for the same sample, controlling for the fiscal channel. In both essays the study employs recent dynamic panel-data estimation techniques: System GMM. This approach has the potential advantages of minimizing the bias resulting from estimating dynamic panel models, exploiting the time series properties of the data, controlling for the unobserved country-specific effects, and correcting for any simultaneity bias. In the third essay, I focus on the case of Venezuela for the period 1950--2001. The recent developments in the cointegrating vector autoregression, CVAR technique is applied to provide a suitable framework for analyzing the short-run dynamics and the long-run relationships among oil prices, government revenues, government consumption, investment, and output.

The virtual oil company

International Nuclear Information System (INIS)

Garibaldi, C.A.; Haney, R.M.; Ross, C.E.

1995-01-01

In anticipation of continuing declines in upstream activity levels over the next 15 years, the virtual oil company model articulates a vision of fewer, leaner, but financially stronger firms that concentrate only on their core competencies and outsource the rest through well-structured partnering arrangements. Freed from the ''clutter,'' these leading companies will be in better position to focus on those opportunities that offer the potential for renewed reserve and revenue growth

Alcohol industry and governmental revenue from young Australians.

Science.gov (United States)

Li, Ian W; Si, Jiawei

2016-11-01

Objective The aim of the present study was to estimate the revenues collected by government and industry from alcohol consumption by young Australians in 2010. Methods Statistical analyses were performed on data from the Australian National Drug Strategy Household Survey 2010 and alcohol data collected from an online retailer to calculate the proportion, frequency, quantity and revenues from alcohol consumption by young Australians. Results One-third of adolescents (12-17 years old) and 85% of young adults (18-25 years old) consume alcohol. More than half the adolescents' alcohol consumption is from ready-to-drink spirits. Revenue generated from alcohol consumption by 12-25 year olds is estimated at $4.8 billion in 2010 (2014 Australian dollars): $2.8 billion to industry (sales) and $2.0 billion to government (taxes). Conclusions Alcohol consumption by young Australians is prevalent, and young Australian drinkers consume alcohol in substantial amounts. The industry and taxation revenue from young drinkers is also considerable. It would be in the public interest to divert some of this revenue towards health initiatives to reduce drinking by young people, especially given the high societal costs of alcohol consumption. What is known about the topic? Australian adolescents aged 12-17 years consume substantial amounts of alcohol, and substantial amounts of revenue are generated from alcohol sales to them. What does this paper add? This paper provides recent estimates of alcohol consumption and revenue generated by Australian adolescents, and extends estimates to young adults aged 18-25 years. What are the implications for practitioners? A substantial proportion of Australian young people consume alcohol. The sales and taxation revenue generated from young people's drinking is substantial at A$4.8 billion in 2010 and is higher in real terms than estimates from previous studies. Some of the alcohol taxation revenue could be diverted to health promotion and education for

The Sustainable Highway for Environmentally Constrained Urbanized Areas

NARCIS (Netherlands)

Vakar, L.I.; Snijder, H.H.

2010-01-01

The ‘Sustainable Highway’ concept offers an integrated solution to motorway emission and noise problems. It consists of a motorway canopy made of cold-bendable laminated glass. Key factors here are durability, safety, cost and revenue. The design yields a significant reduction in noise, fine

Washing ashore: The politics of offshore oil in northern Angola

Science.gov (United States)

Reed, Kristin Michelle

This dissertation examines the political ecology of Angolan oil, by exploring state and corporate political economies; historical convergences of violence and capital; and struggles over the costs and benefits of oil production from the perspective of artisanal fishing and farming communities in the extractive zones. Angola is sub-Saharan Africa's second-largest oil producer but revenues from the enclave sector in oil rarely trickle down to the impoverished populace. The Angolan government strategically invests petrodollars in patronage networks to bolster their power; and watchdog agencies claim top officials divert the balance to offshore accounts. While the enclaved nature of production facilitates the restricted distribution of oil monies by concentrating services and revenue streams, the distortions and externalities that bleed out from these enclaves increase the misery of Angolans---especially those living in the extractive zones. By focusing on the lived experience of extraction, I explore the politics of oil through the forms of violence and degradation threatening the lives and livelihoods of local people. Most of Angola's oil is produced from offshore fields, so oil spills present a considerable risk to the health of local communities and ecosystems. The fishers and fish traders suffering from oil spills demand compensation from the liable oil corporations, yet the skewed system of disbursements only reaches the most powerful claimants. Moreover, faced with a repressive and unresponsive government, communities in extractive zones have come to rely on the same corporations for schools and health posts in a system I refer to as oil-backed development. I demonstrate that local histories of violence, national political exigencies, and transnational corporate interests govern the distribution of oil-backed development projects. Furthermore, I argue that the Angolan government leverages corporate donations for development to suit its own exclusionary interests

Layered double hydroxide catalyst for the conversion of crude vegetable oils to a sustainable biofuel

Science.gov (United States)

Mollaeian, Keyvan

Over the last two decades, the U.S. has developed the production of biodiesel, a mixture of fatty acid methyl esters, using chiefly vegetable oils as feedstocks. However, there is much concern about the availability of high-quality vegetable oils for longterm biodiesel production. Problems have also risen due to the production of glycerol, an unwanted byproduct, as well as the need for process wash water. Therefore, this study was initiated to produce not only fatty acid methyl esters (FAMEs) but also fatty acid glycerol carbonates (FAGCs) by replacing methanol with dimethyl carbonate (DMC). The process would have no unnecessary byproducts and would be a simplified process compared to traditional biodiesel. In addition, this altering of the methylating agent could convert triglycerides, free fatty acids, and phospholipids to a sustainable biofuel. In this project, Mg-Al Layered Double Hydroxide (LDH) was optimized by calcination in different temperature varied from 250°C to 450°C. The gallery between layers was increased by intercalating sodium dodecylsulfate (SDS). During catalyst preparation, the pH was controlled ~10. In our experiment, triazabicyclodecene (TBD) was attached with trimethoxysilane (3GPS) as a coupling agent, and N-cetyl-N,N,N-trimethylammonium bromide (CTAB) was added to remove SDS from the catalyst. The catalyst was characterized by XRD, FTIR, and Raman spectroscopy. The effect of the heterogeneous catalyst on the conversion of canola oil, corn oil, and free fatty acids was investigated. To analyze the conversion of lipid oils to biofuel an in situ Raman spectroscopic method was developed. Catalyst synthesis methods and a proposed mechanism for converting triglycerides and free fatty acids to biofuel will be presented.

Companies: oil and gas industry on the up

International Nuclear Information System (INIS)

Burk, V.A.

1994-01-01

The results of a 1993 survey of the oil and gas industries in the USA are reported. Exploration and development spending and production replacement rates increased for the first time since 1990 while reserve replacement costs were at their lowest for five years. Data demonstrating these improvements are included. The information is drawn from 250 publicly owned oil and gas companies, 28 of which have headquarters outside the USA. A ranked list of the ''Top 100'' companies is presented, detailing: oil and gas reserves and production revenues; results of operations from producing activities; acquisition, exploration and development expenditures; reserve and production replacement costs. (UK)

76 FR 31013 - Proposed Collection; Comment Request for Revenue Procedure 99-17

Science.gov (United States)

2011-05-27

... Revenue Procedure 99-17 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for... information collection requirements related to Revenue Procedure 99-17, Mark to Market Election for.... OMB Number: 1545-1641. Revenue Procedure Number: Revenue Procedure 99-17. Abstract: This revenue...

THE IMPACT OF ECONOMIC CRISIS ON THE FISCAL REVENUES

Directory of Open Access Journals (Sweden)

Inceu Adrian

2009-05-01

Full Text Available This paper tries to evaluate the situation of the fiscal revenues in Romania in the context of economic and financial crisis, because the fiscal revenues are the major source of financing the public expenditure. The evolution of the level of fiscal revenu

evaluation of willingness to pay for reliable and sustainable ...

African Journals Online (AJOL)

Osondu

evaluate the WTP for reliable and sustainable service delivery. The findings of the study .... In doing this, the revenue base and cost recovery will as well be enhanced in ..... delays at traffic warden controlled urban intersections: case study of ...

The pebble bed modular reactor (PBMR) as a source of high quality process heat for sustainable oil sands expansion

International Nuclear Information System (INIS)

Morris, A.; Kuhr, R.

2008-01-01

Bitumen extraction, processing and upgrading consumes large quantities of natural gas for production of steam, hot water and hydrogen. Massive expansion of bitumen production is planned in response to energy demands, oil prices, and the desire for energy security. The PBMR in its Process Heat configuration supports applications that compete in a cost effective and environmentally sustainable way with natural gas fired boilers and steam methane reforming. The PBMR has the benefit of size, passive nuclear safety characteristics (encompassing Generation IV safety principles), high reliability, high temperature process heat (750-950 o C) in a modular design suited to the oil sands industry. (author)

The impact of oil-export dependency on a developing country; The case of Algeria

Energy Technology Data Exchange (ETDEWEB)

Heidarian, J. (World Bank, Washington, DC (USA)); Green, R.D. (Howard Univ., Washington, DC (US). Dept. of Economics)

1989-10-01

A large oil export sector is often considered to be a potential spur to diversification and full modernization in third world countries, especially when a central government controls and plans the use of oil revenues with such goals in mind. We evaluate this proposition by developing a 12-equation Keynesian econometric model of the Algerian economy. The model's equations, estimated using ordinary least squares, are robust with strong R-squares, significant t-tests for the independent variables, and reasonable Durbin-Watson statistics. Historical simulations track the true variables rather closely. Our RMSEs (percentage) are in general better than those in most studies of less-developed countries, ranging from 7 to 21%. Our results indicate that there has been a growing dependency of most major economic sectors on oil revenues, both before and after nationalization. Improvements in oil exports will, ceteris paribus, lead to elastic increases in luxury imports and domestic consumption, and inelastic increases in domestic investment. Thus, the goals of diversification, modernization and industrialization will not be met under the current set of policies in Algeria. (author).

Economic Diversification in the GCC; Past, Present, and Future

OpenAIRE

Tim Callen; Reda Cherif; Fuad Hasanov; Amgad Hegazy; Padamja Khandelwal

2014-01-01

Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thoug...

Upstream petroleum industry financial conditions and distribution of industry generated revenue

International Nuclear Information System (INIS)

Anon.

1996-01-01

A review of profitability of Canada's upstream petroleum industry and of the direct fiscal burden (all payments to governments) on the industry was presented based on a study conducted during June-September 1996. Information was collected from 200 companies that represent over 90 per cent of the total oil and gas production revenue and most of the refining and fuel sales. Part 2 of the review examined taxes and other payments to government by 58 companies. It was concluded that the Canadian oil and gas industry is a major contributor of taxes to all three levels of government. While the industry has made concerted efforts to reduce its controllable costs and increase its profitability, it is claimed that Canadian petroleum industry profit margins are extremely low. A plea was made to all levels of governments to consider the highly competitive nature of the industry, the constantly changing market forces, shifts in world politics, regulatory trends, currency values and technology that affect the industry, and the high risks inherent in exploration and development prior to establishing ever-increasing claims on the industry's dwindling profits. 22 tabs., 17 figs

47 CFR 32.5082 - Switched access revenue.

Science.gov (United States)

2010-10-01

... SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS COMPANIES Instructions For Revenue Accounts § 32.5082 Switched access revenue. (a) This account shall consist of federally and state tariffed charges assessed to... and state tariffed charges. Such subsidiary record categories shall be reported as required by part 43...

On properties of royalty and tax regimes in Alberta's oil sands

International Nuclear Information System (INIS)

Plourde, Andre

2010-01-01

Simulation models that include royalty and tax provisions are used to examine the distribution between developers and governments of net returns from the development of Alberta's oil sands deposits. A specific focus is to assess the effects on the level and distribution of net revenues associated with a number of changes in assumed revenue and expenditure conditions. Developers typically bear a greater share of the consequences of variations in capital expenditures than they do of changes in operating expenditures, prices, and exchange rates. A comparison across royalty and tax regimes suggest that there is a positive relationship between the level of net revenues estimated to accrue to either developers or governments and the share of the consequences of changes in conditions borne by that party. Some differences across production technologies are noted. The role of the federal government as a fiscal player in oil sands development has shrunk over time. In contrast, under the current regime, the Government of Alberta captures a higher share of net returns and typically bears a greater proportion of the consequences of changes in conditions than at any time since the introduction of an explicit royalty and tax regime in 1997.

Sustainable water management in Alberta's oil sands

Energy Technology Data Exchange (ETDEWEB)

Byers, Bill; Usher, Robyn; Roach, Andrea [CH2M HILL, Englewood, CO (United States); Lambert, Gord; Kotecha, Prit [Suncor Energy Inc., Calgary (Canada)

2012-07-01

The Canadian Association of Petroleum Producers forecast published in 2011 predicts that oil production from oil sands will increase by 50% in the next 3 years and double by 2020. This rate of growth will result in significant pressure on water resources; water use per barrel of oil sands production is comparable to other energy resources - about 2.5 barrels of fresh water per barrel of oil produced are used by mining operations and 0.5 barrels by in-situ operations. Suncor Energy Inc. (Suncor) was the first company to develop the oil sands in northern Alberta and holds one of the largest oil sands positions in Canada. In 2010, Suncor announced plans to increase production to more than 1 million barrels of oil equivalent per day by 2020, which it plans to achieve through oil sands production growth of approximately 10% per year. Because water supply and potential impacts to water quality are critical to its future growth, in 2010-2011 Suncor conducted a risk assessment to identify water-related business risks related to its northern Alberta operations. The assessment identified more than 20 high level business risks in strategic water risk areas including water supply, water reuse, storm water management, groundwater, waste management and river water return. The risk assessment results prompted development of a strategic roadmap to guide water stewardship across Suncor's regional operations. The roadmap describes goals, objectives, and specific activities for each of six key water risk areas, and informs prioritization and selection of prospective water management activities. Suncor is not only exploring water within its own boundaries, but is also collaborating with other oil sands producers to explore ways of integrating its water systems through industry consortia; Suncor is a member of the Oil Sands Leadership Initiative and of the recently formed Canadian Oil Sands Innovation Alliance, among others. (author)

The Existence Of Revenue Gap In South Africa

Directory of Open Access Journals (Sweden)

Thamae Retselisitsoe

2015-08-01

Full Text Available The paper provides an empirical analysis of the macroeconomic factors that enhance revenue gap in South Africa using the multivariate cointegration techniques for the period 1965 to 2012. The results from the cointegration analysis indicate that the revenue gap in South Africa is negatively associated with the level of imports while positively related to external debt and underground economy. The former finding is consistent with the notion that imports are subjected to more taxation than domestic activities because of certain features of international trade that tend to make tax evasion difficult. On the other hand, the positive relationship between external debt and tax gap shows that the South African government relies upon external debt to finance its budget deficit resulting from missing revenues. Furthermore, the observed negative effect of the post-apartheid dummy confirms that the tax policy reforms that South Africa introduced following the liberation in 1994 have led to a reduction in missing revenues. The results from the Granger causality test also show that there is a unidirectional causality running from imports and underground economy to revenue gap, while revenue gap on the other hand is found to Granger-cause national income and external debt in South Africa.

Revenue comparisons for auctions when bidders have arbitrary types

Directory of Open Access Journals (Sweden)

Yeon-Koo Che

2006-03-01

Full Text Available This paper develops a methodology for characterizing expected revenue from auctions when bidders' types come from an arbitrary distribution. In particular, types may be multidimensional, and there may be mass points in the distribution. One application extends existing revenue equivalence results. Another application shows that first-price auctions yield higher expected revenue than second-price auctions when bidders are risk averse and face financial constraints. This revenue ranking extends to risk-averse bidders with general forms of non-expected utility preferences.

Enbridge 2002 annual report : enduring values, sustainable growth

International Nuclear Information System (INIS)

2003-01-01

Financial information from Enbridge was presented and a review of their 2002 operations was made available for the benefit of shareholders. Calgary based Enbridge is a leading North American energy delivery company employing 4,000 people in Canada and the United States. In 2002, the company delivered approximately 2.1 million barrels of crude oil and liquids per day and distributed about 410 billion cubic feet of natural gas. In the past year, Enbridge remained with its core competencies of liquids pipelining, gas distribution and gas pipelining which continued to provide high earnings per share. Earnings in 2002 increased by 8 per cent in adjusted earnings per share. Highlights of the year include expansion of the crude oil pipeline system through phase 3 of the Terrace project which will serve Alberta's oil sands. Enbridge is also well positioned through its Norman Wells pipeline to participate in liquids production associated with the gas reserves of the Mackenzie Delta. Natural gas distribution also experienced strong expansion in 2002, as did the natural gas pipelining business. This report summarized the company's energy resource activities and presented an operations review as well as consolidated financial statements, and common share information including the accounts of Enbridge and the company's proportionate share of the assets, liabilities, revenues, expenses and cash flows of joint ventures. Revenue and expenditure statements were summarized by source. tabs., figs

Energy security of supply and oil shale resources

International Nuclear Information System (INIS)

Elkarmi, F.

1994-01-01

Jordan must utilize its huge oil shale deposits in order to increase domestic security of energy supply and benefit financially. Utilization processes will require large scale financial expenditures, beyond Jordan's means. Therefore, the BOT scheme seems to be the perfects solution. Since oil shale retorting technology will produce oil which can be traded to generate valuable foreign exchange revenues, it is more advantageous than direct burning technology which produces electricity limited to local consumption regardless of economics. Under the BOT scheme, the incentive, for the foreign sponsor is to return his investment via quantities of oil; for Jordan the aim is to meet local energy demand and acquire the plant infrastructure in the long term. Recent events in the more traditional oil fields of the region make such a project in Jordan more attractive. (author) 3 tabs. 2 figs

Optimal capital accumulation and the allocation of investment between traded and nontraded sectors in oil-producing countries.

NARCIS (Netherlands)

van Wijnbergen, S.J.G.

1985-01-01

A paper on the optimal capital accumulation and allocation of investment in oil exporting countries. Investigates the basis of consumption and investment levels on optimizing forward-looking behavior, the role of physical capital in the production, the impact of the decline in oil revenues on the

Spending Natural Resource Revenues in an Altruistic Growth Model

DEFF Research Database (Denmark)

Frederiksen, Elisabeth Hermann

This paper examines how revenues from a natural resource interact with growth and welfare in an overlapping generations model with altruism. The revenues are allocated between public productive services and direct transfers to members of society by spending policies. We analyze how these policies...... influence the dynamics, and how the dynamics are influenced by the abundance of the revenue. Abundant revenues may harm growth, but growth and welfare can be oppositely affected. We also provide the socially optimal policy. Overall, the analysis suggests that variation in the strength of altruism...

Resource linkages and sustainable development

Science.gov (United States)

Anouti, Yahya

prices we estimate that the demand for gasoline could be reduced by 7.8 percent and that of diesel by 5.9 percent. This would lead to not only reduction in the associated negative externalities, but also to the generation of more than USD400 billion in revenues for governments. However, the partial equilibrium analysis in essay one ignores the general equilibrium effects that will be mainly driven by how the government spends the subsidy. In essay 2, we build the case for phasing out these subsidies and accompanying that by a welfare compensating cash transfer. In order to evaluate the impact of that on consumer's welfare, we develop a numerical model for Saudi Arabia in a general equilibrium setting to discuss a phase out of transport fuel subsidies that is. Results show that the Saudi government can increase its consumers' welfare up to five percentage points. In case the cash transfer is adjusted to keep consumers' utility at the pre-reform level, the required compensating transfer would leave the government with three percentage points of additional revenues. Finally, we highlight policy implications of phasing out the transport fuel subsidies. Finally, in essay 3 we turn our focus to the application of local content policies in the oil and gas sector. There is limited literature that investigates economic linkages from the extractive industries, assesses intertemporal tradeoffs, and guides the design of efficient and sustainable policies. Our contribution in this essay is three-fold. First, we present the first comprehensive analysis of economic linkages from the oil and gas sector across 48 countries. Then, we analyze the economic distortions from applying local content policies using a Hotelling type optimal control model with an international oil company maximizing its profits subject to a local content requirement. Finally, we investigate the presence of a socially optimal local content level when the social planner maximizing the net benefits from the

Do smoke-free laws affect revenues in pubs and restaurants?

Science.gov (United States)

Melberg, Hans Olav; Lund, Karl E

2012-02-01

In the debate about laws regulating smoking in restaurants and pubs, there has been some controversy as to whether smoke-free laws would reduce revenues in the hospitality industry. Norway presents an interesting case for three reasons. First, it was among the first countries to implement smoke-free laws, so it is possible to assess the long-term effects. Second, it has a cold climate so if there is a negative effect on revenue one would expect to find it in Norway. Third, the data from Norway are detailed enough to distinguish between revenue from pubs and restaurants. Autoregressive integrated moving average (ARIMA) intervention analysis of bi-monthly observations of revenues in restaurants and pubs show that the law did not have a statistically significant long-term effect on revenue in restaurants or on restaurant revenue as a share of personal consumption. Similar analysis for pubs shows that there was no significant long-run effect on pub revenue.

The outlook for the world and Australian oil markets

International Nuclear Information System (INIS)

Donaldson, K.; Fok, G.

1996-01-01

Global demand for oil is projected to continue its upward trend to 2000-1, with growth in the transport sector expected to underpin future increases in oil consumption. World oil consumption is projected to be matched by global production, keeping the average annual oil price relatively stable. In many countries, the diversion of oil revenue to other projects is threatening to constrain increases in production capacity, particularly in the OPEC countries. The encouragement of foreign investment in state oil industries is a likely method of easing the constraint. Australian exploration activity is rising steadily with the prospect of stable oil prices, expanding gas markets and the incentives provided by a number of recent discoveries. While the geographical pattern of Australian production has now changed, with Western Australian production exceeding Victoria production, Australia is expected to maintain its position in the world oil market as a significant producer, importer and exporter. (author). 6 figs., 23 refs

Oil and democracy in Argentina, 1916-1930

International Nuclear Information System (INIS)

Biddle, N.L.

1991-01-01

Argentine society in the 1920s experience strong political, cultural, and economic divisions between the littoral regional surrounding Buenos Aires and the interior provinces to the west and north. Economic recession through World War 1 sparked efforts to wean the economy from total dependence upon agricultural production and export, and petroleum deposits in the south and northwest corners of Argentina offered a wider economic base. Regional conflict quickly arose concerning oil production and control over oil revenues. By mounting a popular anti-imperialist campaign against Standard Oil of New Jersey, the primary interior oil producer, dominant political forces in Buenos Aires worked to nationalize all oil deposits to the detriment of interior provincial interests. To maintain the kinds of political control necessary to fend off this threat, interior conservatives reverted to electoral fraud and violence, especially in the major oil-producing province of Salta. This thesis reconstructs and analyzes the process by which political division on the oil issue hardened and gave way to a conservative reaction leading to an authoritarian regime

The Oil Industry in Macaé: characteristics and socioeconomic impacts under the perspective of sustainable development

Directory of Open Access Journals (Sweden)

Walter Luiz de Mello Loureiro

2015-02-01

Full Text Available This study aims to analyze and discuss the main socioeconomic aspects of the evolutionary process of local development, after the arrival of the oil industry in Macaé. The methodology consisted of an exploratory and documentary research to base the study on the concepts of sustainability and local development. Results show the existing social externalities, the exploratory and centralized model of the undertaking, its impacts on local enterprises and society, and the absence of a better planning and management shared among the social, business and political actors involved. These findings are supported by experiences reported worldwide, and are associated with distributive environmental conflicts. Therefore, one can consider as indicative, the need for a more useful discussion about the spatial, cultural, political and social problems of the regions as a tool able to provide planned actions towards sustainability.

New Insights into Drug Absorption from Oil Depots

NARCIS (Netherlands)

Kalicharan, R.W.

2017-01-01

Sustained delivery formulations are used in order to prolong the pharmacological activity of a drug. A commonly used parenteral sustained delivery formulation is an oil depot which consists of a solution of lipophilic molecules in a vegetable oil. These are normally administered either

Sorption of oil in the polyurethane from oil or castor oil; Sorcao de oleo no poliuretano derivado do petroleo ou do oleo de mamona

Energy Technology Data Exchange (ETDEWEB)

Florentino, Wagner M; Goulart, Shane A.S.; Mulinari, Daniella R. [Centro Universitario de Volta Redonda (UniFOA), Volta Redonda, RJ (Brazil)], e-mail: wagner-can@hotmail.com

2011-07-01

The oil outpouring has caused serious environmental problems. To minimize this damage polyurethane foams have been used. In this work, the use of polyurethane from oil and castor oil, in different polyol/diisocyanate mass ratios, to absorb oil was evaluated. Results revealed that the proportion of polyol and diisocyanate influenced in the sorption capacity and the polyurethane from castor oil presented greater sorption capacity. Of this way, can say that the polyurethane from oil can be replaced by castor oil, contributing to sustainable development. (author)

Effect of smoke-free legislation on Ticino gastronomy revenue.

Science.gov (United States)

Schulz, Peter J; Hartung, Uwe; Fiordelli, Maddalena

2012-12-01

To provide evidence on the effects of smoke-free laws on gastronomy revenue in a European setting based on objective data. Damage to gastronomy revenue is a widely used argument against smoke-free legislation. Gastronomy revenue in Ticino is compared with the rest of Switzerland before and after Ticino banned smoking from gastronomy in April 2007, being the first (and at the time of the study only) Swiss canton to do that. The study uses breakdowns by cantons of taxable revenue of gastronomy branches and retailers (for comparison) provided by the Swiss tax authorities for the years 2005-2008. Revenues of restaurants and bars were not damaged by the Ticino smoke-free law. Decreases in Ticino happened before the smoke-free law came into effect. Evidence for night clubs is inconclusive. The absence of detrimental effects on restaurant and bar revenue corroborates the gist of research on the subject from other countries. The argument that the decline of bar and restaurant sales prior to the implementation of the ban might have occurred in anticipation of the new regulation is not considered tenable.

Science and sustainability? Biodegradable polymers from canola and flaxseed oils

Energy Technology Data Exchange (ETDEWEB)

Narins, S.S. [Alberta Univ., Edmonton, AB (Canada). Alberta Bioplastics Network

2002-07-01

Little progress has been made in value-added development to crops. The development of biodegradable plastics was spurred by environmental concerns and the use of renewable resources. There is a worldwide market for such products, which complements the strategy of the petrochemical industry. Greater sustainability achieved by partnering with the value-added agricultural industry. The drivers impacting the future polymer industry are: environmental and health concerns, consumer attitudes, cost of cheap feedstocks, carbon credits, greenhouse gases reduction, and criteria air contaminant reduction. Two niche markets are food packaging and biomedical products. The opportunity exists for the development of poly lactic acid (PLA) using canola as a primary feedstock in Alberta as there is a well established petrochemical industry, a vegetable oil infrastructure, and a desire to match petrochemical with bio-renewable. The benefits are higher value processing and a new source of monomers from renewable biomass. The main objective is the development of bio-polymer industry in Alberta based on canola and flaxseed oils. Food and agricultural materials have a similar structure and identical instrumentation to study structure and functionality. The author displayed pictures of the major instrumentation required to conduct this type of research. The rheological properties of polymers include flow, mechanical strength, and thermal properties. The author, along with colleagues, has developed a unique approach. The team members were identified, as well as an overview of the expertise required to perform this research. The author is about to file three related patents. This process is not energy intensive and does not use solvent. The author is about to move into scale-up phase of the reactions which produce the monomers. tabs., figs.

Oil and gas leasing/production program

International Nuclear Information System (INIS)

Heimberger, M.L.

1992-01-01

As the Congress declared in the Outer Continental Shelf Lands Act the natural gas and oil production from the Outer Continental Shelf constitutes an important part of the Nation's domestic energy supply. Federal offshore minerals are administered within the Department of the Interior by the Minerals Management Service (MMS), which provides access to potential new sources of natural gas and oil offshore by conducting lease sales. Each year, on or before March 31, the MMS presents to Congress a fiscal year annual report on the Federal offshore natural gas and oil leasing and production program. In FY 1991, this program was the third largest producer of non-tax revenue for the US Treasury, contributing more than $3 billion. This report presents Federal offshore leasing, sales, production, and exploration activities, and environmental monitoring activities

City Revenues and Expenses

Data.gov (United States)

Allegheny County / City of Pittsburgh / Western PA Regional Data Center — City Revenues and Expenses from the Operating Budget from 2012 to Present, updated every night from the City's JD Edwards ledger.

Automated Internal Revenue Processing System: A Panacea For ...

African Journals Online (AJOL)

Automated Internal Revenue Processing System: A Panacea For Financial ... for the collection and management of internal revenue which is the financial ... them, computational errors, high level of redundancy and inconsistencies in record, ...

Data as a revenue model

DEFF Research Database (Denmark)

Bechmann, Anja; Bilgrav-Nielsen, Kristine; Korsgaard Jensen, Anne-Louise

2016-01-01

Does data solve the crisis in legacy news companies? This article discusses data as a revenue model and the use of editorial algorithms to curate content and still meet public values. Furthermore, the article criticizes the news companies for using data in traditional advertisement revenue models......, which have proved difficult to uphold. Instead we need to focus on public values along with micro segment data in what are here termed social responsible algorithms. We also need to continue the discussion on the very concept of news and to experiment with news ‘packaging’ that are not derived from...

INTERNATIONAL ACCOUNTING TREATMENT REGARDING REVENUE

Directory of Open Access Journals (Sweden)

ECOBICI NICOLAE

2014-08-01

Full Text Available This paper discusses the news on international accounting treatments of revenue arising from the extensive process of convergence between IASB and FASB that began in 2002. The starting point of this approach is to identify the treatments currently applicable to income. Finally we presented a summary of the main provisions of the new standard IFRS 15 “Revenue from Contracts with Customers”, which replaces IAS 11 and IAS 18 (as well as a number of SIC and IFRIC interpretations required to be applied from January 1, 2017, emphasizing the potential impact on entities.

Avoiding revenue loss due to 'lesser of' contract clauses.

Science.gov (United States)

Stodolak, Frederick; Gutierrez, Henry

2014-08-01

Finance managers seeking to avoid lost revenue attributable to lesser-of-charge-or-fixed-fee (lesser-of) clauses in their contracts should: Identify payer contracts that contain lesser-of clauses. Prepare lesser-of lost-revenue reports for non-bundled and bundled rates. For claims with covered charges below the bundled rate, identify service codes associated with the greatest proportion of total gross revenue and determine new, higher charge levels for those codes. Establish an approach for setting charges for non-bundled fee schedules to address lost-revenue-related issues. Incorporate changes into overall strategic or hospital zero-based pricing modeling and parameters.

77 FR 6862 - Proposed Collection; Comment Request for Revenue Procedure 99-50

Science.gov (United States)

2012-02-09

... Revenue Procedure 99-50 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for... Revenue Procedure 99-50, Combined Information Reporting. DATES: Written comments should be received on or... Number: Revenue Procedure 99-50. Abstract: Revenue Procedure 99-50 permits combined information reporting...

Comparative analysis of fiscal terms for Alberta oil sands and international heavy and conventional oils

International Nuclear Information System (INIS)

Van Meurs, P.

2007-01-01

There are considerable differences between international heavy oil and Alberta oil sands projects, notably the high viscosity of the bitumen in the oil sands reservoirs. The oil sands bitumen do not flow to wells without heating the bitumen, thereby adding to the already high cost of Alberta oil sand operations. This report provided an economic comparison of Alberta oil sands and international heavy oil projects. It also included a brief scoping review to compare with conventional oil regimes. Full exploration costs including the costs of dry holes were allocated to conventional oil operations in order to obtain a proper comparison. This investigation included the costs of dry holes. The report was a follow up to an earlier study released on April 12, 2007 on the preliminary fiscal evaluation of Alberta oil sand terms. The report provided an economic framework and described project selection. It then provided a discussion of production, costs and price data. Four adjusted projects were presented and compared with Alberta. The Venezuelan royalty formula was also discussed. Last, the report provided a detailed fiscal analysis. Comparisons were offered with Cold Lake and Athabasca Mine. A review of some other fiscal systems applicable to conventional oil were also outlined. It was concluded that Alberta oil sands developments are very competitive. It would be possible to modestly increase government revenues, without affecting the international competitive position of Alberta with respect to conventional oil. There is also some possibility to increase the base royalty on the Alberta oil sands without losing competitiveness. tabs., figs

Revenue Recognition Challenges and Financial Statement Reporting

African Journals Online (AJOL)

It was also revealed in this study that the financial reporting objectives of an enterprise will determine the choice of revenue recognition policy to be taken. The study equally revealed some subtle manipulations that can vitiate the true position of financial statements hence the revenue to be recognised by a business ...

The effect of long and short time oil shocks on economic growth in Iran

OpenAIRE

Sayyed Abdolmajid Jalae; Sanaz Mohammadi

2012-01-01

Oil is one of the strategic good so that price fluctuations and shocks of it have major effects on economic growth and recession in depended countries to revenues of it. In this study, it is tried that the effect of oil price shocks investigated in two types (short and long time) on Economic growth in Iran. Its Period is from 1974 to 2006. According it, oil price uncertainty is quantized by GARCH model and is determined the effects of oil price shocks on economic growth in Iran during a short...

Revenue Potential for Inpatient IR Consultation Services: A Financial Model.

Science.gov (United States)

Misono, Alexander S; Mueller, Peter R; Hirsch, Joshua A; Sheridan, Robert M; Siddiqi, Assad U; Liu, Raymond W

2016-05-01

Interventional radiology (IR) has historically failed to fully capture the value of evaluation and management services in the inpatient setting. Understanding financial benefits of a formally incorporated billing discipline may yield meaningful insights for interventional practices. A revenue modeling tool was created deploying standard financial modeling techniques, including sensitivity and scenario analyses. Sensitivity analysis calculates revenue fluctuation related to dynamic adjustment of discrete variables. In scenario analysis, possible future scenarios as well as revenue potential of different-size clinical practices are modeled. Assuming a hypothetical inpatient IR consultation service with a daily patient census of 35 patients and two new consults per day, the model estimates annual charges of $2.3 million and collected revenue of $390,000. Revenues are most sensitive to provider billing documentation rates and patient volume. A range of realistic scenarios-from cautious to optimistic-results in a range of annual charges of $1.8 million to $2.7 million and a collected revenue range of $241,000 to $601,000. Even a small practice with a daily patient census of 5 and 0.20 new consults per day may expect annual charges of $320,000 and collected revenue of $55,000. A financial revenue modeling tool is a powerful adjunct in understanding economics of an inpatient IR consultation service. Sensitivity and scenario analyses demonstrate a wide range of revenue potential and uncover levers for financial optimization. Copyright © 2016 SIR. Published by Elsevier Inc. All rights reserved.

76 FR 30428 - Proposed Collection; Comment Request for Revenue Procedure 99-21

Science.gov (United States)

2011-05-25

... Revenue Procedure 99-21 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for...: Disability Suspension. OMB Number: 1545-1649. Revenue Procedure Number: Revenue Procedure 99-21. Abstract: Revenue Procedure 99-21 describes the information that is needed to establish a claim that a taxpayer was...

Views on peak oil and its relation to climate change policy

International Nuclear Information System (INIS)

Verbruggen, Aviel; Al Marchohi, Mohamed

2010-01-01

Definitions of fossil fuel reserves and resources and assessed stock data are reviewed and clarified. Semantics explain a large stake of conflict between advocate and critical voices on peak oil. From a holistic sources-sinks perspective, limited carrying capacity of atmospheric sinks, not absolute scarcity in oil resources, will impose tight constraints on oil use. Eventually observed peaks in oil production in nearby years will result from politically imposed limits on carbon emissions, and not be caused by physical lack of oil resources. Peak-oil belief induces passive climate policy attitudes when suggesting carbon dioxide emissions will peak naturally linked to dwindling oil supplies. Active policies for reducing emissions and use of fossil fuels will also encompass higher energy end-use prices. Revenues obtained from higher levies on oil use can support financing energy efficiency and renewable energy options. But when oil producers charge the higher prices they can pump new oil for many decades, postponing peak oil to occur while extending carbon lock-in.

REVENUE FROM EXPORTING OIL, INCOME DISTRIBUTION, AND ECONOMIC PROGRESS IN THE MIDDLE EAST

Directory of Open Access Journals (Sweden)

Mehdi MOHAGHEGH

2009-07-01

Full Text Available The increases in petrodollars received by oil produ cing countries of the Middle East in the past few years can become a reality again when the wo rld economy recovers from this recession. The access to so much hard currency in the past co uld have potentially impr oved the economies of these nations beyond imagination. Economic de velopment specialists regard reaching some goals such as higher growth rate of real output, less chronic inflation, Improvements in education and healthcare services, greater diversity in the economy and in exports, greater equality in the distribution of income, and lower unemployment rate as indication of economic progress or socio –economic improvements in a developing country. The purpose of this paper is to evaluate the relative success of the Oil-Produc ing Countries of the Middle East in achieving the above socio- economic goals within the context of huge inflows of petrodollars into their countries every year. Through analysis of data from the region the author of this paper has obtained convincing evidence in support of the view that the oil-exporting nations have, for the most part, wasted the abundant and extremely valuable foreign curr encies that they have received every year for the past several decades.

Revenue in reverse? An examination of reverse supply chain enabled revenue streams

DEFF Research Database (Denmark)

Larsen, Samuel; Jacobsen, Peter

2016-01-01

When original equipment manufacturers (OEMs) examine whether to implement a reverse supply chain (RSC) for their products, oftentimes the motive is cost savings or regulatory compliance. However, a frequently overlooked but equally important benefit is the possibility for creating new revenue...

AREVA first half 2007 sales revenue

International Nuclear Information System (INIS)

2007-01-01

The AREVA group's backlog as of June 30, 2007 was euros 33.5 billion, up 31% compared with that of December 31, 2006. On average, the Group's backlog increased by more than 20% annually over the last three years. It is now at the highest level since AREVA was established in 2001. All divisions contributed to this performance: - The Front End division signed in particular a major enrichment contract with KHNP (South Korea), a fuel supply contract with EDF covering the 2008-2012 period and other significant contracts with Japanese and Swedish utilities. - The Reactors and Services division added the Flamanville 3 EPR, ordered by EDF, to the backlog. Flamanville 3 is AREVA's 100. reactor order. - The Back End division also concluded a major contract with Sogin to treat used fuel stored at Italian nuclear sites. - The Transmission and Distribution division continued to record strong growth. New orders were up 24% compared with the first half of 2006 (+25.1% like-for-like). Important contracts were signed in the Middle East, Russia and with large industrial users of electricity. First half 2007 sales revenue was up 6.7% (+6.4% like-for-like) to euros 5373 million, compared with euros 5036 million for the first half of 2006. Major developments in the first half of 2007 include: - Sales revenue was down 2.8% to euros 1342 million in the Front End division (-3.6% like-for- like) due to uneven distribution of deliveries in the Fuel business unfavorable during the period. This timing issue has no impact on projected annual growth. The division continues to benefit from a gradual price increase for long-term uranium supply contracts. - Sales revenue was up 4.8% to euros 1154 million in the Reactors and Services division (+3% like-for-like). The Services business unit, especially, was a major contributor to growth on all its markets after a 2006 fiscal year marked by a weak demand. The start of construction of a second EPR reactor for EDF, Flamanville 3, also contributed to

Tax revenue in Mississippi communities following implementation of smoke-free ordinances: an examination of tourism and economic development tax revenues.

Science.gov (United States)

McMillen, Robert; Shackelford, Signe

2012-10-01

There is no safe level of exposure to tobacco smoke. More than 60 Mississippi communities have passed smoke-free ordinances in the past six years. Opponents claim that these ordinances harm local businesses. Mississippi law allows municipalities to place a tourism and economic development (TED) tax on local restaurants and hotels/motels. The objective of this study is to examine the impact of these ordinances on TED tax revenues. This study applies a pre/post quasi-experimental design to compare TED tax revenue before and after implementing ordinances. Descriptive analyses indicated that inflation-adjusted tax revenues increased during the 12 months following implementation of smoke-free ordinances while there was no change in aggregated control communities. Multivariate fixed-effects analyses found no statistically significant effect of smoke-free ordinances on hospitality tax revenue. No evidence was found that smoke-free ordinances have an adverse effect on the local hospitality industry.

Inadequate Revenue Threatens Afghanistan’s Stability

OpenAIRE

Sternlieb, Steve

2014-01-01

If Afghanistan is to maintain some semblance of stability in 2014 and beyond it must prepare for a substantial donor funding reduction and seek to grow its domestic revenue. Funding for the Afghan government’s operating expenses as well as further development projects is heavily dependent on donor support. Unfortunately for Afghanistan, its fiscal position is eroding as domestic revenues decline, expenses rise, and donor aid falls. Security gains as well as public services and economic develo...

Revenue Management under Customer Choice Behaviour with Cancellations and Overbooking

NARCIS (Netherlands)

D.D. Sierag (Dirk); G.M. Koole (Ger); R.D. van der Mei (Rob); JP.I. van der Rest (Jean-Pierre); A.P. Zwart (Bert)

2015-01-01

htmlabstractRevenue management is the practice of pricing perishable goods to optimise revenue. A realistic revenue management model allows overbooking and incorporates customer buying behaviour and cancellations. The latter is motivated by our research using real data, which shows that for a

Identifying Pathways toward Sustainable Electricity Supply and Demand Using an Integrated Resource Strategic Planning Model for Saudi Arabia

Science.gov (United States)

Alabbas, Nabeel H.

Despite holding 16% of proved oil reserves in the world, Saudi Arabia might be on an unsustainable path to become a net oil importer by the 2030s. Decades of domestic energy subsidies accompanied by a high population growth rate have encouraged inefficient production and high domestic consumption of fossil fuel energy, which has resulted in environmental degradation, and significant social and economic consequences. In addition, the government's dependence on oil as a main source of revenue (89%) to finance its development programs cannot be sustained due to oil's exhaustible nature and rapidly increasing domestic consumption. The electricity and water sectors consume more energy than other sectors. The literature review revealed that electricity use in Saudi Arabia is following an unsustainable path (7-8% annual growth over the last decade). The water sector is another major energy consumer due to an unprecedented demand for water in the Kingdom (18% of world's total desalinated water output with per capita consumption is twice the world average). Multiple entities have been involved in fragmented planning activities on the supply-side as well as to a certain extent on the demand-side; moreover, comprehensive integrated resource strategic plans have been lacking at the national level. This dissertation established an integrated resource strategic planning (IRSP) model for Saudi Arabia's electricity and water sectors. The IRSP can clearly determine the Kingdom's future vision of its utility sector, including goals, policies, programs, and an execution timetable, taking into consideration economic, environmental and social benefits. Also, a weather-based hybrid end-use econometric demand forecasting model was developed to project electricity demand until 2040. The analytical economic efficiency and technical assessments reveal that Saudi Arabia can supply almost 75% of its electricity from renewable energy sources with a significant achievable potential for saving

26 CFR 1.856-0 - Revenue Act of 1978 amendments not included.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Revenue Act of 1978 amendments not included. 1.856-0 Section 1.856-0 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.856-0 Revenue Act of 1978...

The outlook for US oil dependence

International Nuclear Information System (INIS)

Greene, D.L.; Jones, D.W.; Leiby, P.N.

1998-01-01

Oil dependence is defined as a dynamic problem of short- and long-run market power. The potential monopoly power of an oil cartel depends on its market share and the elasticities of oil supply and demand, while the economic vulnerability of oil-consuming states depends most directly on the quantity of oil imported and the oil cost share of gross domestic product (GDP). Of these factors, only the market share of the Organization of Petroleum Exporting Countries (OPEC) cartel and the rate of growth of world oil demand are clearly different than they were 25 years ago. OPEC still holds the majority of world oil and, in the future, will regain market share. A hypothetical 2-year supply reduction in 2005-2006, similar in size to those of 1973-1974 or 1979-1980, illustrates the potential benefits to OPEC and harm to the US economy of a future oil price shock. OPEC's revenues are estimated to increase by roughly $0.7 trillion, while the US economy loses about $0.5 trillion. Strategic petroleum reserves seem ineffective against a determined, multi-year supply curtailment. Increasing the market's price responsiveness by improving the technologies of oil supply and oil demand can greatly reduce the costs of oil dependence. Each element of this interpretation of the oil dependence problem is well supported by previous studies. This paper's contribution is to unite these elements into a coherent explanation and to point out the enormously important implications for energy policy. (Author)

Steam Reforming of Bio-oil Model Compounds

DEFF Research Database (Denmark)

Trane, Rasmus; Jensen, Anker Degn; Dahl, Søren

The steam reforming of bio-oil is a sustainable and renewable route to synthesis gas and hydrogen, where one of the main hurdles is carbon formation on the catalyst.......The steam reforming of bio-oil is a sustainable and renewable route to synthesis gas and hydrogen, where one of the main hurdles is carbon formation on the catalyst....

Tax Revenues in the Context of Economic Determinants

Directory of Open Access Journals (Sweden)

Alena Andrejovská

2018-03-01

Full Text Available Despite the general recognition that taxes are generally a strong policy tool for assessing the macroeconomic impact of the country's alternative tax policies, taxes are often weakened by restrictions on tax revenue measurement. The aim of the contribution is to quantify the impact of selected macroeconomic indicators (gross domestic product, level of employment, public debt, foreign direct investments, effective tax rate, statutory tax rate on the total amount of tax revenues, taking into account the tax competitiveness of the 28 EU member states. There was used methods of three models of regression analysis: the pooling model, the fixed effects model and the random effects model. The hypothesis that the gross domestic product has the greatest impact on tax revenue has been tested. In conclusion, the analysis confirmed that the strongest correlation is between tax revenues and employment rate. Followed by foreign direct investment and gross domestic product. Increasing these determinants by 1 mil. € (increase in employment by 1% would increase tax revenues by 10 072 mil. € at the employment rate, by 383.1 thousand € for gross domestic product and by 434.2 thousand € for foreign direct investment.

INTERAKSI KEBIJAKAN RENEWABLE ENERGY DIRECTIVE DAN KEBIJAKAN INDONESIAN SUSTAINABLE PALM OIL TERHADAP EKSPOR KELAPA SAWIT INDONESIA KE UNI EROPA

OpenAIRE

-, INTAN TIARA KARTIKA

2016-01-01

2016 INTAN TIARA KARTIKA, E13112274, Interaksi Kebijakan Renewable Energy Directive dan Indonesian Sustainable Palm Oil Terhadap Ekspor Kelapa Sawit Indonesia ke Uni Eropa. Dibimbing oleh Prof. Dr. H. Mappa Nasrun, MA selaku pembimbing I dan H. Darwis MA, Ph.D selaku pembimbing II, departemen Ilmu Hubungan Internasional, Fakultas Ilmu Soisal dan Ilmu Politik, Universitas Hassanuddin. Penelitian ini bertujuan untuk mengetahui dan menjelaskan Interaksi Kebijakan Renewa...

Revenue-sharing analysis in the mobile value-added services

Institute of Scientific and Technical Information of China (English)

LIU Bing; TANG Shou-lian

2006-01-01

This article provides a framework e within which the revenue-sharing in mobile value-added services can be analyzed.It shows that the revenue-sharing ratio between a network operator and a content provider (CP) has no significant effect on prices, market shares or social welfare in the case of nonstandardization. This implies that the revenue-sharing ratio cannot be used as a policy variable.

Six sigma for revenue retrieval.

Science.gov (United States)

Plonien, Cynthia

2013-01-01

Deficiencies in revenue retrieval due to failures in obtaining charges have contributed to a negative bottom line for numerous hospitals. Improving documentation practices through a Six Sigma process improvement initiative can minimize opportunities for errors through reviews and instill structure for compliance and consistency. Commitment to the Six Sigma principles with continuous monitoring of outcomes and constant communication of results to departments, management, and payers is a strong approach to reducing the financial impact of denials on an organization's revenues and expenses. Using Six Sigma tools can help improve the organization's financial performance not only for today, but also for health care's uncertain future.

Sustainability of cosmetic products in Brazil.

Science.gov (United States)

de Paula Pereira, Neila

2009-09-01

The most recent research in the area of cosmetics to sustainability has focused on obtaining formulations rich in nontraditional oils and butters from seeds and fruits native to Brazilian tropical flora. These have contributed to aggregate value for the raw materials and involvement of small farms forming rural production in Brazil, since the plants are cultivated in preservation areas sponsored by companies who are partners in the Government Program for Brazilian Sustainability. Given that the oils extracted from seeds have the potential to replace these cutaneous constituents, it has been verified that new products of strong commercial impact show an increasing tendency to incorporate in their formulas the oils of plants grown in Brazilian soil.

Implementation of Stock Inventory Policy in Indonesia PSC Contract : a Critical Review to Minimize Surplus and Dead Stock Inventory in Order to Optimize Government of Indonesia Revenue

OpenAIRE

Yoewono, Erie; Nizar, Adirizal

2013-01-01

Upstream oil and gas industry is vital to Indonesian economy, more than 30% of states revenues generated from the sale of crude oil and natural gas. Government of Indonesia (GOI) is the holder of mining rights and in practice can delegate the mining rights to both local and foreign contractors to be managed in the form of production sharing. This model known as Production Sharing Contract (PSC). One of the feature of PSC contract is the reimbursement on costs incurred by the contractors in th...

Evaluation of sustainable development using business excellence model in used motor oil industries

Directory of Open Access Journals (Sweden)

Malek Hassanpour

2014-10-01

Full Text Available Business and commerce are a chance to create wealth and economic development in companies and industries. Leader of companies must be containing a sense of relief and hope as one of the factors of production and wealth to enhance trust, cooperation between the organization and the community. In order to achieve at the Business Excellence (BE is emphasized to the need for the simultaneous measurement of organizational performance on the Critical Success Factors (CSFs, environmental, social issues and challenges. Objective of current study was to evaluate of sustainable development in used motor oil industry using BE models. Therefore, a framework was discussed as distinct from other common practices to measure performance of an industry. The models allow multi -dimensional focuses on different indicators of the organization's internal, external and CSFs. The check list method was used to collect data in site of industry in the present study. Then, obtained results were surveyed by models such as the Malcolm Baldrige National Quality Award (MBNQA, European Federation for Quality Management (EFQM and Kanji’s Business Excellence Model (KBEM. Results of current analyze indicated that despite the fact that these models and approaches are different, but they are same in term of shared concepts. Finally, we can be able to say that the simultaneous implementation of these models and approaches can be a suitable process in the study of sustainable development of organizations. According to the obtained results of models, the case study industry was in sustainable development conditions.

Dutch Disease and Nigeria Oil Economy | Otaha | African Research ...

African Journals Online (AJOL)

The paper examines why the enormous promises held out by the inflow of revenues from oil export has not made any significant improvement in the lives of Nigerians and the economy as a whole. The paper traces the problem to the inherent contradictions, anomalies, and problems associated with countries that depend ...

The instability of world oil market and its impact on economic development: Indonesia's experience

International Nuclear Information System (INIS)

Patmosukismo, S.

1991-01-01

The world oil market has been characterized by fluctuating prices which have a direct impact on the world economy. If the world oil price rises in real terms, upstream activities become more attractive to producers, and if the price declines, downstream opportunities become more attractive. The world oil market is currently determined not only by producers and consumers, but also by the futures trade. In addition, the elasticity of oil prices has increased since the 1970s through competition among producers and competition from other energy sources. The Asia Pacific countries are experiencing rapid economic growth, and are thus heavily dependent on oil, but generally have small reserves. Their reserves/production ratio is ca 20 years, with a major share coming from China and Indonesia. The current situation of tight and inadequate supply may increase the region's dependence on Middle East sources. The effects of the three recent major oil crises on the Asia Pacific countries are reviewed and the role of oil and gas in Indonesia's economic development is described. Export earnings from oil and gas represent a major share of total Indonesian export revenues, and taxes and receipts from oil companies continue to be the largest receipts in Indonesian government revenues. Slow changes in the primary fuel mix and high growth in domestic consumption may turn Indonesia into a net oil importer before the year 2000. A major effort to decrease domestic oil consumption has been implemented by using natural gas and coal in the power generation sector. On the supply side, recoverable oil and gas reserves of 50 billion bbl and 200 trillion ft 3 respectively may be present but their development depends on the investment scheme of the continuing exploration program

The dynamic stability of OPEC's oil price mechanism

International Nuclear Information System (INIS)

Hammoudeh, S.; Madan, V.

1992-01-01

This paper examines OPEC's long-lived mechanism which targets the oil price and adjusts the quality ceiling to meet the target. The stability of this controversial mechanism is compared to that of two alternatives: one requires quantity control without any price targeting and the other is a synthesis of quantity control and the OPEC mechanisms. All three mechanisms passed the stability test and the two alternatives give rise to some interesting policy implications. Practicality considerations which involve the availability of specific information make OPEC's mechanism the most appropriate in terms of achieved targeted revenues. The paper also offers a convergence strategy that speeds up the achievement of targeted revenues under OPEC's current mechanism. (author)

Dynamic room pricing model for hotel revenue management systems

Directory of Open Access Journals (Sweden)

Heba Abdel Aziz

2011-11-01

Full Text Available This paper addresses the problem of room pricing in hotels. We propose a hotel revenue management model based on dynamic pricing to provide hotel managers with a flexible and efficient decision support tool for room revenue maximization. The two pillars of the proposed framework are a novel optimization model, and a multi-class scheme similar to the one implemented in airlines. Our hypothesis is that this framework can overcome the limitations associated with the research gaps in pricing literature; and can also contribute significantly in increasing the revenue of hotels. We test this hypothesis on three different approaches, and the results show an increase in revenue compared to the classical model used in literature.

Revising the UIC 406 method: Revenue generating capacity

DEFF Research Database (Denmark)

Khadem Sameni, Melody; Landex, Alex; Preston, John

2010-01-01

. Decisions have long term impacts and major projects are time consuming to implement. There are so many entities and complex interactions involved that leaves a domino effect on any decision taken. In order to overcome these complexities and improve the efficiency of railway transportation, it is essential......Railway as a sustainable mode of transportation plays a great role in socio-economic welfare of societies. The impending post peak oil era, higher fuel costs and concerns for climate change have increased the importance of railways more than ever before. In this situation, railways are struggling...

A holistic approach to managing palm oil mill effluent (POME): biotechnological advances in the sustainable reuse of POME.

Science.gov (United States)

Wu, Ta Yeong; Mohammad, Abdul Wahab; Jahim, Jamaliah Md; Anuar, Nurina

2009-01-01

During the last century, a great deal of research and development as well as applications has been devoted to waste. These include waste minimization and treatment, the environmental assessment of waste, minimization of environmental impact, life cycle assessment and others. The major reason for such huge efforts is that waste generation constitutes one of the major environmental problems where production industries are concerned. Until now, an increasing pressure has been put on finding methods of reusing waste, for instance through cleaner production, thus mirroring rapid changes in environmental policies. The palm oil industry is one of the leading industries in Malaysia with a yearly production of more than 13 million tons of crude palm oil and plantations covering 11% of the Malaysian land area. However, the production of such amounts of crude palm oil result in even larger amounts of palm oil mill effluent (POME), estimated at nearly three times the quantity of crude palm oil. Normally, POME is treated using end-of-pipe processes, but it is worth considering the potential value of POME prior to its treatment through introduction of a cleaner production. It is envisaged that POME can be sustainably reused as a fermentation substrate in the production of various metabolites, fertilizers and animal feeds through biotechnological advances. The present paper thus discusses various technically feasible and economically beneficial means of transforming the POME into low or preferably high value added products.

The oil sands: A new energy vision for Canada

International Nuclear Information System (INIS)

1995-01-01

Canada's oil sands deposits were considered to offer huge potential for wealth generation and enduring social benefits. This report showed that putting in action the plan developed by the National Task Force on Oil Sands Strategies would help unlock this potential and realize the benefits; the forecast called for a doubling or tripling of oil sands production over the next 25 years. The plan should also predicted an increase in investments in oil sands since the fiscal regime would be stable and the product would be in increasing demand. New capital investment should generate significant environmental, social and economic benefits. The real outcome would be increased national prosperity, since further growth in investment would translate into thousands of skilled jobs across Canada, expansion of government revenues, and improvements to Canada's trade balance. 1 ill

Wasted millions: Revenue management in Dutch culinary restaurants

African Journals Online (AJOL)

Research in Hospitality Management is co-published by NISC (Pty) Ltd and ... The concept of revenue management is widely adopted in various industries including the hospitality industry. ... of three main areas: firstly, pricing strategy; secondly, inventory ... essence of revenue management, however, is in many cases.

14 CFR Section 9 - Functional Classification-Operating Revenues

Science.gov (United States)

2010-01-01

... AIR CARRIERS Profit and Loss Classification Section 9 Functional Classification—Operating Revenues... shall be included in profit and loss classification 8100, Nonoperating Income and Expense-Net, and the... for all air carrier groups and shall include all revenues from the United States Government as direct...

Revenue management: a cost saver, not a cost center

OpenAIRE

Grier, Rachel

2017-01-01

Any hotelier operating today without the support of an automated revenue management system is working at a competitive disadvantage. Advanced revenue management solutions allow hotels to better predict demand, price their product offerings competitively and achieve the optimal business mix for their property as a result. Simply put, revenue management systems allow a hotel to attract the ideal guest, at the ideal price and via the ideal channel. November 2nd, 2017

The economic impact of oil prices

International Nuclear Information System (INIS)

Krymm, R.

1974-01-01

During the last three months of 1973, the tax-paid costs of typical grades of crude petroleum in the main producing areas of the world, around the Persian Gulf, were roughly quadrupled, rising for typical Iranian and Arabian Ugh t crudes from about $1.85 per barrel in September 1973 to more than $7.00 by 1 January 1974, or from approximately $13.30 to more than $50.00 per ton. Since the cost of production represents an insignificantly small fraction of the new cost level (less than 2%) and subject to complex adjustments reflecting varying qualities of crude oils and advantages of geographical location, the producing countries may expect to receive a minimum average revenue of $50.00 per ton of crude oil produced on their territory instead of $12.50. If we ignore the purchases which carried the prices of relatively small amounts of oil to the $100-$150 range, this figure of $50.00 per ton with future adjustments for inflation represents a probable guide line for future cost estimates. The change affects exports of close to 1.4 billion tons of oil and consequently involves an immediate shift of financial resources of close to 60 billion dollars per year from the oil-consuming to the oil-producing countries. Tables 1, 2 and 3 give an idea of the distribution of this burden by main geographical regions and of its possible evolution over the next seven years. The figures involved are so large that comparisons have been made by some authors with the reparations proposals advanced by the Allies at the end of the First World War. It has been pointed out that the market price of a typical quality of crude such as Arabian light had in fact fallen from $1.93 per barrel in 1955 to $1.26 in 1970. When the intervening industrial price inflation is taken into account this means that the price of oil had in fact been divided by 3 during a period when oil consumption was growing at an annual rate of more than 7% and oil was displacing coal as the major fuel of the world. During the

Demand elasticity of oil in Barbados

Energy Technology Data Exchange (ETDEWEB)

Moore, Alvon, E-mail: armoore@centralbank.org.bb [Economist, Central Bank of Barbados, Toms Adams Financial Centre, Bridgetown (Barbados)

2011-06-15

The importation of oil is a significant component of Barbados' imports, rising from 7% of imports in 1998 to over 20% in 2009. This increase has impacted greatly on the level of foreign reserves. As a price-taker, relying entirely on imported oil for our energy needs could prove a continuous drain on the economy. With a view to formulating an appropriate energy policy for Barbados, this paper analyses the demand for oil using monthly data from 1998 to 2009. The paper estimates the elasticities of demand for oil by employing single equation cointegration approach and comparing the results with countries that rely heavily on imported oil and whose policy objective are to alter their energy structure to rely less on imported oil. The results show that the demand for oil imports is price inelastic in the long run. The consumption of oil is responsive to past consumption, prices, income, electricity consumption and the number of appliances imported in the short-run. A policy framework to reduce the use of oil for electricity consumption via alternative energy sources should be considered and the taxation of oil imports given its elasticity is a good source of revenue. - Highlights: > Demand for oil is price inelastic in the long-run (-0.552). > The relationship between oil demand and income is insignificant in the long run. > As electricity consumption increases by 1%, the demand for oil rises by 1.43%. > Need to determine if investments in alternative sources can offset demand for oil. > Investment in alternative resources may be required before gains are realised.

New FASB standard addresses revenue recognition considerations.

Science.gov (United States)

McKee, Thomas E

2015-12-01

Healthcare organizations are expected to apply the following steps in revenue recognition under the new standard issued in May 2014 by the Financial Accounting Standards Board: Identify the customer contract. Identify the performance obligations in the contract. Determine the transaction price. Allocate the transaction price to the performance obligations in the contract. Recognize revenue when--or in some circumstances, as--the entity satisfies the performance obligation.

Small farmers and sustainability: Institutional barriers to investment and innovation in the Malaysian palm oil industry in Sabah

OpenAIRE

Martin, S.; Rieple, A.; Chang, J.; Ahmed, A.; Boniface, B.

2015-01-01

The Malaysian palm oil industry is well known for the social, environmental and sustainability challenges associated with its rapid growth over the past ten years. Technologies exist to reduce the conflict between national development aims of economic uplift for the rural poor, on the one hand, and ecological conservation, on the other hand, by raising yields and incomes from areas already under cultivation. But the uptake of these technologies has been slow, particularly in the smallholder s...

Financial development and oil resource abundance-growth relations: evidence from panel data.

Science.gov (United States)

Law, Siong Hook; Moradbeigi, Maryam

2017-10-01

This study investigates whether financial development dampens the negative impact of oil resource abundance on economic growth. Because of substantial cross-sectional dependence in our data, which contain a core sample of 63 oil-producing countries from 1980 through 2010, we use the common correlated effect mean group (CCEMG) estimator to account for the high degree of heterogeneity and drop the outlier countries. The empirical results reveal that oil resource abundance affects the growth rate in output contingent on the degree of development in financial markets. More developed financial markets can channel the revenues from oil into more productive activities and thus offset the negative effects of oil resource abundance on economic growth. Thus, better financial development can reverse resource curse or enhance resource blessing in oil-rich economies.

A Long-Term United States’ Energy Policy Without Venezuelan Oil

Science.gov (United States)

2009-04-01

Petroleos de Venezuela Sociedad Anonima (PDVSA), at least 51 percent share in new oil production and exploration. 8 In December 2001, business leaders... Petroleos Mexicanos (PEMEX), and today turns 61 percent of its revenues over to the government, accounting for 40 percent of Mexico’s budget. 76

Hospitality services generate revenue.

Science.gov (United States)

Bizouati, S

1993-01-01

An increasing number of hospitals are undertaking external revenue-generating activities to supplement their shrinking budgets. Written at the request of Leadership, this article outlines an example of a successful catering service -- a money-generating business that more Canadian hospitals could profitably consider.

Engineering biological systems toward a sustainable bioeconomy.

Science.gov (United States)

Lopes, Mateus Schreiner Garcez

2015-06-01

The nature of our major global risks calls for sustainable innovations to decouple economic growth from greenhouse gases emission. The development of sustainable technologies has been negatively impacted by several factors including sugar production costs, production scale, economic crises, hydraulic fracking development and the market inability to capture externality costs. However, advances in engineering of biological systems allow bridging the gap between exponential growth of knowledge about biology and the creation of sustainable value chains for a broad range of economic sectors. Additionally, industrial symbiosis of different biobased technologies can increase competitiveness and sustainability, leading to the development of eco-industrial parks. Reliable policies for carbon pricing and revenue reinvestments in disruptive technologies and in the deployment of eco-industrial parks could boost the welfare while addressing our major global risks toward the transition from a fossil to a biobased economy.

136 Tax Revenue, Stock Market and Economic Growth of Pakistan

Directory of Open Access Journals (Sweden)

Muhammad Irfan Javaid Attari

2014-10-01

Full Text Available The purpose of this paper is to examine the effects of capital market and fiscal policy influences in determining the nexus of economic growth in Pakistan from July 2003 to July 2012. The authors utilize ADF unit root test, Johansen Cointegration test, VECM test, Granger causality test and variance decomposition analysis to test the relationship among tax revenue, stock market and economic growth in Pakistan. Granger causality analysis is used to answer questions whether “Does tax revenue cause the economic growth?” or “Does tax revenue cause the capital market?”. The results demonstrate that there is a bidirectional casualty between tax revenue and economic growth; and a unidirectional causality from capital market to tax revenue. The estimated result shows that growth of Pakistan economy is strongly contributed from the high collection of direct tax revenue and the development of financial market activity. The findings of this paper have important implications to current and potential investors in Pakistan economy to understand the economic condition of Pakistan and to assist them in making their investment decision.

26 CFR 601.102 - Classification of taxes collected by the Internal Revenue Service.

Science.gov (United States)

2010-04-01

... Rules § 601.102 Classification of taxes collected by the Internal Revenue Service. (a) Principal... 26 Internal Revenue 20 2010-04-01 2010-04-01 false Classification of taxes collected by the Internal Revenue Service. 601.102 Section 601.102 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF...

Middle East oil and gas

International Nuclear Information System (INIS)

1995-01-01

This study is intended to shed light on structural changes occurring in six Middle East countries (Iran, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates) that can be expected to have a significant impact on their oil and gas industry. These six countries provide 42% of the world's traded crude oil, on which Member countries of the International Energy Agency (IEA) are increasingly dependent. They also contain about 65% and 30% of the world's proven oil and natural gas reserves, respectively, and command a strategic location between Europe and Asia. The Middle East has been one of the most volatile parts of the world where war, revolution and embargoes have caused major upheavals that have led to oil supply disruptions. The oil resources of all six countries were initially developed by international oil companies and all are members of the Organization of the Petroleum Exporting Countries (OPEC). In 1994, their crude oil production capacity was about 23 million barrels per day (mbd) and is planned to expand to about 28 mbd by the year 2000. Revenue from the sale of oil accounts for more than 80% of each nation's total exports and about 75% of each government's income. The objectives of this study are: to detail their announced oil and gas development plans, to describe the major trends occurring in these countries, to outline the government responses to the trends, and to analyse the impact of government policies on oil and gas development. (J.S.). 121 refs., 136 figs., 212 tabs

47 CFR 32.5060 - Other basic area revenue.

Science.gov (United States)

2010-10-01

... accounts in the settlement process. (See also § 32.4999(e)). To the extent that the charges and credits resulting from a settlement process can be identified by Local Network Services Revenue account they shall... SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS COMPANIES Instructions For Revenue Accounts § 32.5060 Other...

Why do leaders nationalize the oil industry? The politics of resource expropriation

International Nuclear Information System (INIS)

Mahdavi, Paasha

2014-01-01

Why do leaders nationalize the oil industry? In line with a general utility-maximizing theory, I argue that leaders nationalize to maximize state revenues while minimizing costs. The latter includes international retaliation and domestic political constraints. Using a novel longitudinal dataset on the establishment of national oil companies (NOCs), the empirical evidence presented in this paper lends support to four primary findings. States are most likely to establish NOCs (1) in periods of high oil prices, when the risks of expropriation are outweighed by the financial benefits; (2) in non-democratic systems, where executive constraints are limited; (3) in “waves”, that is, after other countries have nationalized, reflecting reduced likelihood of international retaliation; and, though with weaker empirical support, (4) in political settings marked by resource nationalism. This last factor is proxied by OPEC membership in large-N analysis and, in a two-case comparison, by the difference in retained profits between the host and foreign governments. The theory and empirics presented here offer some clues for policy makers and multinational companies alike as to when to expect leaders to opt for nationalization. - Highlights: • I model determinants of oil nationalizations for 65 producing countries 1945–2005. • I offer a new measure of nationalization using the establishment of NOCs. • Oil prices, political institutions, cross-country diffusion predict nationalization. • Nationalization is also likely when revenue is perceived to be shared unfairly. • Operator-led contract renegotiation can reduce likelihood of nationalization

Forecasting gaming revenues in Clark County, Nevada: Issues and methods

Energy Technology Data Exchange (ETDEWEB)

Edwards, B.K.; Bando, A.

1992-01-01

This paper describes the Western Area Gaming and Economic Response Simulator (WAGERS), a forecasting model that emphasizes the role of the gaming industry in Clark County, Nevada. Is is designed to generate forecasts of gaming revenues in Clark County, whose regional economy is dominated by the gaming industry. The model is meant to forecast Clark County gaming revenues and identifies the exogenous variables that affect gaming revenues. It will provide baseline forecasts of Clark County gaming revenues in order to assess changes in gaming-related economic activity resulting from changes in regional economic activity and tourism.

Forecasting gaming revenues in Clark County, Nevada: Issues and methods

Energy Technology Data Exchange (ETDEWEB)

Edwards, B.K.; Bando, A.

1992-07-01

This paper describes the Western Area Gaming and Economic Response Simulator (WAGERS), a forecasting model that emphasizes the role of the gaming industry in Clark County, Nevada. Is is designed to generate forecasts of gaming revenues in Clark County, whose regional economy is dominated by the gaming industry. The model is meant to forecast Clark County gaming revenues and identifies the exogenous variables that affect gaming revenues. It will provide baseline forecasts of Clark County gaming revenues in order to assess changes in gaming-related economic activity resulting from changes in regional economic activity and tourism.

Decomposing Revenue Effects of Tax Evasion, Base Broadening and Tax Rate Reduction

OpenAIRE

Ira N. Gang; Arindam Das-Gupta

1998-01-01

This paper proposes a method for evaluating the impact of tax reform on tax revenues and the distribution of the tax burden. The technique consists of decomposing actual revenue relative to potential revenue into components attributable to (i) changes in the tax rate structure (ii) deductions and (iii) tax evasion. If the standard reform package is successful, revenue loss from deductions should be curtailed by base broadening. Furthermore, revenues lost by lowering tax rates should be more t...

Proceedings of the World Heavy Oil Congress : unconventional oil challenging conventional expectations

International Nuclear Information System (INIS)

2008-01-01

This international technical and business conference provided a forum to promote heavy oil technology and foster relationships between supply and demand countries. The interactive forum between global industry professionals addressed technological, strategic and environmental challenges facing the unconventional oil industry, including seeking innovative, low cost technologies, driving high costs down; educating and leading the workforce to maintain high standards of production; and ensuring that the footprint on the land is as light as possible. It emphasized that as demand for the uses of heavy oil grows, so does the responsibility of managing sustainability not just from an environmental and social perspective, but also with respect to supply, including manpower and infrastructure. The technical conference featured sessions on advanced and enhanced processes; combustion processes; drilling and completions; geology and reservoir; heavy oil exploitation and development; mining, extraction and transportation; non thermal processes; production and operations; reservoir monitoring; SAGD processes; sustainable development; thermal processes; and, upgrading technology. All 124 presentations from the technical conference were catalogued separately for inclusion in this database. refs., tabs., figs

Estimated revenues of VAT and fuel tax on aviation

Energy Technology Data Exchange (ETDEWEB)

Korteland, M.; Faber, J.

2013-07-15

International aviation is exempt from VAT, both on their inputs (e.g. on fuel or aircraft) and on their revenues (e.g. on tickets). In the EU, aviation fuel is also exempt from the minimum fuel excise tariffs. This report calculates the potential revenues of VAT on tickets and fuel tax on jet fuel. If VAT were to be levied on tickets while other aviation taxes were simultaneously abolished, this would yield revenues in the order of EUR 7 billion. Excise duty on jet fuel would raise revenues in the order of EUR 20 billion. These figures do not take into account the impact of the cost increases on demand for aviation into account. Since higher costs will reduce demand, the estimates can be considered an upper bound.

Tax Limitations and Revenue Shifting Strategies in Local Government

DEFF Research Database (Denmark)

Blom-Hansen, Jens; Bækgaard, Martin; Serritzlew, Søren

2014-01-01

subjected to tax limitations employ revenue-shifting strategies. In Denmark, however, these strategies are contingent on the specifics of the Danish intergovernmental system, which render central government grants an attractive object of revenue-shifting strategies. Our analysis thus helps identify......The literature on tax and expenditure limitations (TELs) shows how limiting the freedom of local governments to levy taxes may have considerable unexpected effects. Entities subjected to such limitations may, as their proponents hope, react by cutting expenditures and revenue, but they may also...... strategically change their revenue structure and increase reliance on income sources not subjected to limitations. However, these findings are overwhelmingly based on studies of state and local governments in the USA. Their relevance outside this empirical setting remains unclear. A study of Denmark, where...

Un Manifesto economico per i paesi del Golfo Persico esportatori di petrolio(An Economic Manifesto for the Oil Exporting Countries of the Persian Gulf

Directory of Open Access Journals (Sweden)

Hossein Askari

2012-04-01

Full Text Available The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a formal "Oil Fund for All Generations". Others have proposed and implemented oil funds but in our proposal the government would (in time lose all access to oil revenues; by taking easy money away from governments and rulers, waste, corruption, military expenditures and wars will be reduced, there will be better chance of adopting and implementing rational economic policies, and equity across generations may be enhanced. Hope may be slowly restored to a region that has lost hope. I paesi del Golfo Persico esportatori di petrolio hanno fallito dal punto di vista economico e sociale. È tempo di adottare un approccio radicalmente nuovo alla gestione dei ricavi petroliferi finché vi sono ancora riserve di petrolio e di gas. Noi proponiamo un approccio finalizzato ad azzerare il livello dei ricavi disponibili per i governi, istituendo allo stesso tempo un formale “Fondo petrolifero per tutte le generazioni”. Fondi petroliferi sono stati ipotizzati e realizzati anche da altri, ma nella nostra proposta il governo perderebbe (col tempo qualunque accesso ai ricavi petroliferi; sottraendo denaro facile ai governi e ai sovrani, la probabilità di sprechi, corruzione e guerre risulterebbe ridotta, e vi sarebbe maggiore possibilità di adottare e mettere in pratica politiche economiche razionali finalizzate ad accrescere l’equità tra le generazioni.  JEL Codes: O13, O53, Q48Keywords: Gas; Oil

Revenue potential, tax space, and tax gap : a comparative analysis

OpenAIRE

Khwaja, Munawer Sultan; Iyer, Indira

2014-01-01

This paper contributes to the empirical literature on the key determinants of the revenue generating potential in 61 countries. The paper uses a broad set of data and econometric methods to conduct analyses that are of relevance to revenue potential. Earlier studies have not distinguished between the revenue potential based on economic fundamentals of countries and that based on what the l...

Profitability Analysis of Soybean Oil Processes.

Science.gov (United States)

Cheng, Ming-Hsun; Rosentrater, Kurt A

2017-10-07

Soybean oil production is the basic process for soybean applications. Cash flow analysis is used to estimate the profitability of a manufacturing venture. Besides capital investments, operating costs, and revenues, the interest rate is the factor to estimate the net present value (NPV), break-even points, and payback time; which are benchmarks for profitability evaluation. The positive NPV and reasonable payback time represent a profitable process, and provide an acceptable projection for real operating. Additionally, the capacity of the process is another critical factor. The extruding-expelling process and hexane extraction are the two typical approaches used in industry. When the capacities of annual oil production are larger than 12 and 173 million kg respectively, these two processes are profitable. The solvent free approach, known as enzyme assisted aqueous extraction process (EAEP), is profitable when the capacity is larger than 17 million kg of annual oil production.

Canadian oil and gas survey : 1997

International Nuclear Information System (INIS)

Roberge, R.B.

1997-01-01

An outlook of the Canadian Petroleum Industry, financial and operating statistics of the top 100 Canadian public oil and gas companies and 15 energy income trusts, were summarized for the fiscal year ending in 1996. In general, 1996 was a good year for the industry. Greater industry financing resulted in increased drilling activity and good stock market returns for investors. However, strong commodity prices also resulted in record levels of hedging activity, which meant lost revenues for the industry. The top 100 companies recorded losses of about $800 million in 1996, largely on crude oil hedges. The fact that volumes hedged forward to 1997 are down from 1996 indicate that many companies are rethinking their commitment to risk management. Details of crude oil and natural gas prices and production levels during 1996 were provided. A list of significant corporate mergers and acquisitions during the year under review rounded out the presentation

Profitability Analysis of Soybean Oil Processes

Directory of Open Access Journals (Sweden)

Ming-Hsun Cheng

2017-10-01

Full Text Available Soybean oil production is the basic process for soybean applications. Cash flow analysis is used to estimate the profitability of a manufacturing venture. Besides capital investments, operating costs, and revenues, the interest rate is the factor to estimate the net present value (NPV, break-even points, and payback time; which are benchmarks for profitability evaluation. The positive NPV and reasonable payback time represent a profitable process, and provide an acceptable projection for real operating. Additionally, the capacity of the process is another critical factor. The extruding-expelling process and hexane extraction are the two typical approaches used in industry. When the capacities of annual oil production are larger than 12 and 173 million kg respectively, these two processes are profitable. The solvent free approach, known as enzyme assisted aqueous extraction process (EAEP, is profitable when the capacity is larger than 17 million kg of annual oil production.

Decoupling Revenue from Energy Sales

International Nuclear Information System (INIS)

Potocnik, V.

2011-01-01

Energy sector based on the fossil fuels combustion has the largest greenhouse gases emissions, causing the actual climate change with numerous negative impacts. Therefore, different measures for the climate change mitigation are performed, mostly by increasing ENEF-energy efficiency (saving), and by substituting fossil fuels with renewable energy (RE), mainly with limited results. One of the most serious obstacles for implementation of these measures is an opposition of the energy utilities (power and natural gas), whose energy sales, revenue and profit are thus reduced. Consequently, new solutions are asked to decouple utilities revenues from energy sales. Decoupling has started in the US, where most states have at least one utility with some decoupling experience. California has pioneering role since 1982., with impressive results. (author)

Public Investment, Revenue Shocks, and Borrowing Restrictions

OpenAIRE

Büttner, Thiess; Wildasin, David E.

2010-01-01

This paper lays out a theory of taxation and public investment in an intertemporal setting under conditions of revenue shocks. Without borrowing restrictions, the optimal policy is characterized by smooth time paths of taxes and public investment. While the introduction of formal borrowing restrictions leads to some precautionary savings, it gives rise to fluctuations in public investment in response to adverse but also favorable revenue shocks. This theoretical result is tested empirically u...

Evaluating the Mechanism of Oil Price Shocks and Fiscal Policy Responses in the Malaysian Economy

International Nuclear Information System (INIS)

Bekhet, Hussain A; Yusoff, Nora Yusma Mohamed

2013-01-01

The paper aims to explore the symmetric impact of oil price shock on economy, to understand its mechanism channel and how fiscal policy response towards it. The Generalized Impulse Response Function and Variance Decomposition under the VAR methodology were employed. The empirical findings suggest that symmetric oil price shock has a positive and direct impact on oil revenue and government expenditure. However, the real GDP is vulnerable in a short-term but not in the long term period. These results would confirm that fiscal policy is the main mechanism channel that mitigates the adverse effects oil price shocks to the economy.

Evaluating the Mechanism of Oil Price Shocks and Fiscal Policy Responses in the Malaysian Economy

Science.gov (United States)

Bekhet, Hussain A.; Yusoff, Nora Yusma Mohamed

2013-06-01

The paper aims to explore the symmetric impact of oil price shock on economy, to understand its mechanism channel and how fiscal policy response towards it. The Generalized Impulse Response Function and Variance Decomposition under the VAR methodology were employed. The empirical findings suggest that symmetric oil price shock has a positive and direct impact on oil revenue and government expenditure. However, the real GDP is vulnerable in a short-term but not in the long term period. These results would confirm that fiscal policy is the main mechanism channel that mitigates the adverse effects oil price shocks to the economy.

Vertical integration strategies: revenue effects in hospital and Medicare markets.

Science.gov (United States)

Cody, M

1996-01-01

The purpose of this study was to evaluate the revenue effects of seven vertically integrated strategies on California hospitals. The strategies investigated were managed care contracts, physician affiliations, ambulatory care, ambulatory surgery, home health services, inpatient rehabilitation, and skilled nursing care. The study population included 242 not-for-profit hospitals in continuous operation from 1983 to 1990. Many hospitals developed vertically integrated programs in the 1980s as inpatient utilization fell in response to the Medicare Prospective Payment program. Net revenue rose on average by $2,080 from 1983 to 1990, but fell by $2,421 from the Medicare program. On the whole, the more physicians affiliated with a hospital, the higher the net revenue. However, in the Medicare population, the number of managed care contracts was significant. The pre-hospital strategies generated significant revenue, while the post-hospital strategies did not. In the Medicare program, inpatient rehabilitation significantly reduced revenue.

Investment requirements in the oil industry of the independent oil exporting countries in the face of environmental challenges

International Nuclear Information System (INIS)

Rahmat, H.; Hamid, A.A.

1992-01-01

The oil industry has to operate under environmental constraints which involve commercial risks. Oil companies need to treat environmental management as an investment as well as an insurance problem, assessing risks and costs and deciding how to minimize them most cost effectively. Petroleum development in Malaysia is accelerating. In view of the high visibility of the industry and the wide publicity generated by a few incidents which have taken place outside Malaysia the national oil company, Petronas, is constantly vigilant in its efforts to preserve the environment. Oil producing countries like Malaysia will need to continue to set aside some of the revenue they obtain from the oil industry and use it for protecting the environment to ensure public acceptance and ultimately, orderly growth of their industry. Clearly they are less able to do so if their income is lessened through the interference with free trade among nations even if the purported reasons for the interference is the environment itself. Ultimately the environmental investment requirement in the oil industry of the independent and developing oil exporting countries is free trade without price distortions. The 1989 Langkawi Declaration on the Environment of the Commonwealth Heads of Government is appended to this article. (author)

Violence in Venezuela: oil rent and political crisis

Directory of Open Access Journals (Sweden)

Roberto Briceño-León

2006-06-01

Full Text Available This article analyzes the changes in violence in Venezuela during the last forty years. It links the ups and downs of the oil revenues and the political crisis of the country to the changes in the homicide rates, which increased from 7 per 100 thousand inhabitants in 1970 to 12 in 1990, 19 in 1998 and 50 in 2003. The article characterizes Venezuela as a rentist society and shows its trajectory from rural violence to the beginning of urban violence, the guerilla movements of the 60s, the delinquent violence related to the abundance of oil revenues and the violence during the popular revolt and the sackings of 1989 in Caracas. After this, we analyze the coups d'état of 1992 and the influence the political violence exerted upon criminal violence. We describe the political and party changes in the country, their influence upon the stabilization of homicide rates since the mid-90s and their remarkable increase during the H. Chávez government. The article finishes with an analysis of the current situation, the official prohibition to publish statistics on homicides and with some thoughts about the perspective of greater violence in Venezuela.

The oil sands: A new energy vision for Canada

Energy Technology Data Exchange (ETDEWEB)

NONE

1995-12-01

Canada`s oil sands deposits were considered to offer huge potential for wealth generation and enduring social benefits. This report showed that putting in action the plan developed by the National Task Force on Oil Sands Strategies would help unlock this potential and realize the benefits; the forecast called for a doubling or tripling of oil sands production over the next 25 years. The plan should also predicted an increase in investments in oil sands since the fiscal regime would be stable and the product would be in increasing demand. New capital investment should generate significant environmental, social and economic benefits. The real outcome would be increased national prosperity, since further growth in investment would translate into thousands of skilled jobs across Canada, expansion of government revenues, and improvements to Canada`s trade balance. 1 ill.

Sales revenue and data for the first quarter of 2007

International Nuclear Information System (INIS)

2007-04-01

This document presents the Areva Group sales revenue and data for the first quarter of 2007: sales revenue stable at 2.47 billion Euro and anticipation of a significant increase in sales revenue for 2007. Other information concerns: the business trends (reform of the nuclear sector in Russia, Toshiba's acquisition of Westinghouse, reopening of the debate on the need to build new nuclear reactors by more than 60 countries), key events concerning Areva's operations during the first quarter (major marketing events, contracts and agreements, strategic developments), and detailed first quarter 2007 sales revenues (front-end division, reactors and services, back-end division, transmission and distribution division). (J.S.)

CO2 Enhanced Oil Recovery from the Residual Zone - A Sustainable Vision for North Sea Oil Production

Science.gov (United States)

Stewart, Jamie; Haszeldine, Stuart; Wilkinson, Mark; Johnson, Gareth

2014-05-01

This paper presents a 'new vision for North Sea oil production' where previously unattainable residual oil can be produced with the injection of CO2 that has been captured at power stations or other large industrial emitters. Not only could this process produce incremental oil from a maturing basin, reducing imports, it also has the capability to store large volumes of CO2 which can offset the emissions of additional carbon produced. Around the world oil production from mature basins is in decline and production from UK oil fields peaked in 1998. Other basins around the world have a similar story. Although in the UK a number of tax regimes, such as 'brown field allowances' and 'new field allowances' have been put in place to re-encourage investment, it is recognised that the majority of large discoveries have already been made. However, as a nation our demand for oil remains high and in the last decade imports of crude oil have been steadily increasing. The UK is dependent on crude oil for transport and feedstock for chemical and plastics production. Combined with the necessity to provide energy security, there is a demand to re-assess the potential for CO2 Enhanced Oil Recovery (CO2-EOR) in the UK offshore. Residual oil zones (ROZ) exist where one of a number of natural conditions beyond normal capillary forces have caused the geometry of a field's oil column to be altered after filling [1]. When this re-structuring happens the primary interest to the hydrocarbon industry has in the past been in where the mobile oil has migrated to. However it is now considered that significant oil resource may exist in the residual zone play where the main oil column has been displaced. Saturations within this play are predominantly close to residual saturation (Sr) and would be similar to that of a water-flooded field [2]. Evidence from a number of hydrocarbon fairways shows that, under certain circumstances, these residual zones in US fields are comparable in thickness to the

Government revenue-expenditure nexus: Evidence from several transitional economies

Directory of Open Access Journals (Sweden)

Konukcu-Önal Debi

2008-01-01

Full Text Available Budget deficits and the debate on the sources of deficit finance have been on the agenda of public economics ever since the 1980s. However recently in the post-communist countries fiscal imbalances appear to be an important problem due to prolonged periods of growing poverty resulting from the transition process. Poverty alleviation policies considerably affect the revenue and expenditure decisions of governments, which are subject to hard budget constraints in an open transitional economy and do not have room for departing from sound fiscal policies. The public finance literature provides a vast number of studies analyzing the relationship between public revenues and expenditures. These studies are mostly characterized by efforts to reveal the attitude of the fiscal authority towards maintaining the budget balance. In this respect, budgetary dynamics in which past government revenues have predictive power on the current level of government expenditures are accepted as evidence of the so-called tax-and-spend hypothesis. On the other hand, the revenue-expenditure nexus running from expenditures to revenues is known in the literature as the spend-and-tax hypothesis. The objective of this study is to analyze empirically the relationship between government revenues and expenditures in four of the transitional economies, i.e. Belarus, Kazakhstan, the Kyrgyz Republic and the Russian Federation. The empirical findings of this study, which are based on Granger causality tests, indicate evidence supporting the tax-and-spend hypothesis in Belarus and the Russian Federation and fiscal synchronization in Kazakhstan and the Kyrgyz Republic. The empirical support for the tax-and-spend hypothesis in these economies implies that increasing government revenues may not end up with lower budget deficits due to their stimulating effect on the demand for public goods and services.

Iran's sustainable development and the need to a reform in energy consumption policy

International Nuclear Information System (INIS)

Mortazavi, S.M.J.; Hashemi, Z.

2007-01-01

The Islamic Republic of Iran has always paid a lot of attention to the concept of sustainable development since the article fifty of its constitution forbids any activity that results in pollution or in the irremediable destruction of the environment. According to the International Atomic Energy Agency (IAEA), the consumption of electricity is practically synonymous with modern life in the industrialized world. From this point of view, the optimization of production and consumption of energy are among the main strategies in both developed and developing countries. Considering a report published by the World Bank in 2004, over 96% of electricity production in Iran in 2001 came from fossil sources (74.9% from gas and 21.2% from oil) and the insignificant remaining part (3.9%) was based on hydroelectric sources. Although Iran's export of crude oil currently runs about 2.3 million barrels per day, total refining capacity of the country (1.5 million barrels per day) is insufficient to meet the country's domestic need. If the current rate of oil and gasoline consumption continues in Iran, the country will lose its oil export revenues by 2015. Combustion of fossil fuels in Iran produces large amounts of CO 2 (the biggest contributor to global warming), noxious gases, and many toxic pollutants. Analysis of carbon dioxide production in Iran clearly confirms the necessity of the use of emission-free alternative energy resources such as hydroelectric and nuclear power. It should be also noted that Iran's rich fossil resources can be used in many industrial fields such as petrochemistry, while currently the only practical application of uranium is energy production. It can be concluded that due to Iran's rapidly increasing energy demand, optimal use of fossil resources and using combination of proper resources such as hydro-nuclear energy as effective alternatives seem to be inevitable in the upcoming years of 21. century

Net lost revenue from DSM: State policies that work

Energy Technology Data Exchange (ETDEWEB)

Baxter, L.W.

1995-07-01

A key utility regulatory reform undertaken since 1989 allows utilities to recover the lost revenue incurred through successful operation of demand-side management (DSM) programs. Net lost revenue adjustment (NLRA) mechanisms are states preferred approach to lost revenue recovery from DSM programs. This paper examines the experiences states and utilities are having with the NLRA approach. The paper has three objectives: (1) determine whether NLRA is a feasible and effective approach to the lost-revenue disincentive for utility DSM programs, (2) identify the conditions linked to effective implementation of NLRA mechanisms and assess whether NLRA has changed utility investment behavior, and (3) suggest improvements to NLRA mechanisms. Contrary to the concerns raised by some industry analysts, our results indicate NLRA is a feasible approach. Seven of the ten states we studied report no substantial problems with their approach. We observe several conditions linked to effective NLRA implementation. Observed changes in utility investment behavior occur after implementation of DSM rate reforms, which include deployment of NLRA mechanisms. Utilities in states with lost revenue recovery invest more than twice as much in DSM as do utilities in other states.

Income Tax Revenue as an Indicator of Regional Development in Pakistan

OpenAIRE

Ijaz Hussain; Sumbal Rana

2009-01-01

The objective of this paper is to highlight the use of income tax revenue as an indicator of regional development in Pakistan. Initially, we identify a dramatic shift in income tax revenue trends at the provincial level for the period 1992/93 to 2005/06. We develop a simple model of income tax revenue and estimate the relationship between growth of income tax revenue and gross regional product (GRP). Based on the estimated relationship, Punjab appears to have been the fastest growing province...

Demand elasticity of oil in Barbados

International Nuclear Information System (INIS)

Moore, Alvon

2011-01-01

The importation of oil is a significant component of Barbados' imports, rising from 7% of imports in 1998 to over 20% in 2009. This increase has impacted greatly on the level of foreign reserves. As a price-taker, relying entirely on imported oil for our energy needs could prove a continuous drain on the economy. With a view to formulating an appropriate energy policy for Barbados, this paper analyses the demand for oil using monthly data from 1998 to 2009. The paper estimates the elasticities of demand for oil by employing single equation cointegration approach and comparing the results with countries that rely heavily on imported oil and whose policy objective are to alter their energy structure to rely less on imported oil. The results show that the demand for oil imports is price inelastic in the long run. The consumption of oil is responsive to past consumption, prices, income, electricity consumption and the number of appliances imported in the short-run. A policy framework to reduce the use of oil for electricity consumption via alternative energy sources should be considered and the taxation of oil imports given its elasticity is a good source of revenue. - Highlights: → Demand for oil is price inelastic in the long-run (-0.552). → The relationship between oil demand and income is insignificant in the long run. → As electricity consumption increases by 1%, the demand for oil rises by 1.43%. → Need to determine if investments in alternative sources can offset demand for oil. → Investment in alternative resources may be required before gains are realised.

[OR minute myth : Guidelines for calculation of DRG revenues per OR minute].

Science.gov (United States)

Waeschle, R M; Hinz, J; Bleeker, F; Sliwa, B; Popov, A; Schmidt, C E; Bauer, M

2016-02-01

The economic situation in German Hospitals is tense and needs the implementation of differentiated controlling instruments. Accordingly, parameters of revenue development of different organizational units within a hospital are needed. This is particularly necessary in the revenue and cost-intensive operating theater field. So far there are only barely established productivity data for the control of operating room (OR) revenues during the year available. This article describes a valid method for the calculation of case-related revenues per OR minute conform to the diagnosis-related groups (DRG).For this purpose the relevant datasets from the OR information system and the § 21 productivity report (DRG grouping) of the University Medical Center Göttingen were combined. The revenues defined in the DRG browser of the Institute for Hospital Reimbursement (InEK) were assigned to the corresponding process times--incision-suture time (SNZ), operative preparation time and anesthesiology time--according to the InEK system. All full time stationary DRG cases treated within the OR were included and differentiated according to the surgical department responsible. The cost centers "OR section" and "anesthesia" were isolated to calculate the revenues of the operating theater. SNZ clusters and cost type groups were formed to demonstrate their impact on the revenues per OR minute. A surgical personal simultaneity factor (GZF) was calculated by division of the revenues for surgeons and anesthesiologists. This factor resembles the maximum DRG financed personnel deployment for surgeons in German hospitals.The revenue per OR minute including all cost types and DRG was 16.63 €/min. The revenues ranged from 10.45 to 24.34 €/min depending on the surgical field. The revenues were stable when SNZ clusters were analyzed. The differentiation of cost type groups revealed a revenue reduction especially after exclusion of revenues for implants and infrastructure. The calculated GZF over

EITI and sustainable development: perspectives from Aktau, Kazakhstan

Energy Technology Data Exchange (ETDEWEB)

Wilson, Emma

2013-02-15

Kazakhstan joined the Extractive Industries Transparency Initiative (EITI) in 2005 and passed the five sign-up requirements to become a Candidate country in 2009. It hopes to pass Validation and become a fully Compliant country in 2013. EITI is a voluntary global initiative to promote revenue transparency in the oil, gas and mining sectors that requires countries to declare the revenues they receive from companies, and companies to declare what they pay. In discussions around EITI in Kazakhstan, proponents feel there should be more relevance to the regions outside Kazakhstan’s major cities, Astana and Almaty. This includes addressing issues such as how extractive industry-related funds are spent locally and how civil society, industry and government engage at the local level. In order to explore these issues, the International Institute for Environment and Development (IIED), the Regional Aarhus Centre (Zhayik-Kaspy), and the local civil society organisation Eko-Mangistau convened a meeting on 28th and 29th May 2012 in Aktau, a small town and oil industry hub on Kazakhstan’s west coast. The aim was to discuss EITI and broader issues of transparency and good governance in the oil and gas sector. The meeting was sponsored by the Soros Foundation, Kazakhstan, and is part of a series of meetings on EITI supported by the UK Foreign and Commonwealth Office in Kazakhstan. Present were 30 representatives of the Akimat (regional government), maslikhat (local elected council), companies, and civil society organizations (CSOs), including participants from CSOs in neighbouring Aktau and from Astana and Almaty.

19 CFR 10.3 - Drawback; internal-revenue tax.

Science.gov (United States)

2010-04-01

... 19 Customs Duties 1 2010-04-01 2010-04-01 false Drawback; internal-revenue tax. 10.3 Section 10.3... and Returned § 10.3 Drawback; internal-revenue tax. (a) Except as prescribed in § 10.1(f) or in... tax is imposed on the importation of like articles not previously exported from the United States or...

Cuba's oil crisis spells trouble for Castro

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports on Cuba's oil crisis which presents long term woes for the government of Fidel Castro but new opportunities for foreign petroleum investment. That's the main thesis of a study by East-West Center (EWC), Honolulu. Since the cutoff of subsidized oil supplies from the former Soviet Union at the first of the year, Cuba has endured a crippling loss of export revenues and draconian energy rationing measures at home. The Soviets had reduced oil supplies to Cuba since 1989 after decades of providing the Castro government with subsidized oil supplies. Former Soviet President Mikhail Gorbachev exempted Cuba from paying market prices for Soviet oil in 1991 while requiring that of Soviet trading partners in eastern Europe. With the collapse of Communism in the former U.S.S.R., however, oil supplies from that region are available to Cuba only at market prices and for hard currency. That has triggered a crisis in the Western Hemisphere's sole Communist regime as Cuba's gross special product - equivalent to GNP - fell by 5% in 1990 and a further 20% in 1991. The foreign exchange loss of $1.6 billion stemming from the loss of Soviet subsidized oil supplies exceeds that of total foreign exchange earnings from all other sources. If Cuba imports oil in 1989 volumes at current prices, its oil import tab alone will be $1.3 billion, EWC projects

Analysis of oil export dependency of MENA countries: Drivers, trends and prospects

Energy Technology Data Exchange (ETDEWEB)

Bhattacharyya, Subhes C.; Blake, Andon [CEPMLP, University of Dundee, Dundee DD1 4HN, Scotland (United Kingdom)

2010-02-15

The purpose of this paper is to analyse how oil export dependencies of Middle East and North African (MENA) oil producers have evolved over the past two decades and to identify the main driving factors from an energy policy perspective. The paper expresses the oil export dependency of each economy in terms of a multiplicative identity that captures effective export price, export to primary oil supply ratio, oil dependency and oil export intensity of the country. Using the data for 1980-2006, the evolution in these factors is investigated for seven MENA countries and the influence of the above factors is decomposed using the Laspeyres index. The analysis shows that energy price and increasing energy intensity in the MENA countries have influenced the overall oil export dependency. Reducing the energy intensity can improve oil export revenue share to GDP by 5-10% in most of the countries while Iran can gain significantly by increasing its export volume. (author)

Analysis of oil export dependency of MENA countries: Drivers, trends and prospects

International Nuclear Information System (INIS)

Bhattacharyya, Subhes C.; Blake, Andon

2010-01-01

The purpose of this paper is to analyse how oil export dependencies of Middle East and North African (MENA) oil producers have evolved over the past two decades and to identify the main driving factors from an energy policy perspective. The paper expresses the oil export dependency of each economy in terms of a multiplicative identity that captures effective export price, export to primary oil supply ratio, oil dependency and oil export intensity of the country. Using the data for 1980-2006, the evolution in these factors is investigated for seven MENA countries and the influence of the above factors is decomposed using the Laspeyres index. The analysis shows that energy price and increasing energy intensity in the MENA countries have influenced the overall oil export dependency. Reducing the energy intensity can improve oil export revenue share to GDP by 5-10% in most of the countries while Iran can gain significantly by increasing its export volume. (author)

The oil and gas industry and the Canadian economy: a backgrounder

International Nuclear Information System (INIS)

1999-06-01

The technological and economic significance of the Canadian petroleum industry to the national economy and to Canada's standing in the world are reviewed. The six key ways in which the oil and gas industry affects Canada, namely employment, balance of trade, products, government revenues, international technology trade and community support are stressed within the context of describing present and future oil and gas resources, Canada's petroleum and natural gas trade balance, and capital spending and product sales. Attention is also drawn to the role of the Canadian petroleum and natural gas industry as a producer and exporter of world class technology, especially in the areas of high tech exploration methods, cold-climate and offshore operations, enhanced recovery techniques, heavy oil production and and processing, mining and upgrading of oil sands bitumen, oil well firefighting, and environmental protection technology. maps, figs

The geopolitics of $10 oil

International Nuclear Information System (INIS)

Anon.

1998-01-01

The market and the geopolitical implications of the possibility of $10 a barrel becoming the norm for oil prices in 1999 are examined. The low price will present budgetary difficulties for all the world's major oil producing countries with the exception of Brunei. In some countries, such as Nigeria and Venezuela, general financial and economic reform will become inevitable with the pressure for political reform to follow. If energy development is to continue in the Caspian region in a low price era, long term political stability will be necessary and a move towards democracy from the present autocracies may be necessary to achieve this. In the Middle East, countries are facing the erosion of their core financial base. Depressed oil prices could force Gulf States, which in the past have depended on their oil revenues alone, to introduce taxation as an alternative source of income. Hitherto, oil has meant power in political as well as in energy terms, but the diminished value of oil in a world where their are alternative energy sources will reduce the importance, even of key regions such as the Middle East. The power of OPEC is threatened by its failure to bring about the massive co-ordinated production cutbacks which alone might turn the market around. The beneficiaries of cheap oil will be the consuming nations, particularly those of East Asia where the pace of economic recovery will be speeded up. (UK)

Optimization of Jatropha curcas pure plant oil production

NARCIS (Netherlands)

Subroto, Erna

2015-01-01

The use of pure plant oils as fuel, either directly or after conversion of the oil to bio-diesel, is considered to be one of the potential contributions to the transformation of the current fossil oil based economy to a sustainable bio-based one. The production of oil producing seeds using plants

Confiscatory equalization : the intriguing case of Saskatchewan's vanishing energy revenues

International Nuclear Information System (INIS)

Courchene, T.J.

2004-01-01

This paper examined fiscal policies and factors that affect economic growth. In particular, it examined Saskatchewan's equalization entitlements for energy revenues and how Canada's equalization program confiscated the province's energy revenues for the fiscal year 2000-2001. It included an equalization primer that familiarized readers with the theory and practice of equalization. Several equations and tables relating to the mechanics of equalization were included along with a summary of equalization and tax-back rates that address the nature of tax-back rates that accompany the equalization formula. The author proposed alternative ways to reduce tax-backs such as the generic solution that applies to offshore energy revenues in Nova Scotia and Newfoundland. He also suggested ways in which some important fiscal inequities can be redressed. A remedy that can be applied immediately involves an equitable approach which allows the province to retain at least 30 per cent of its energy revenues. A long term remedy would require the implementation of comprehensive reform such as restoring equalization to its national average standard (NAS) roots, but where only 25 per cent of resource revenues would be eligible for equalization. It was suggested that the maximum equalization tax-back rate for each of Saskatchewan's energy revenue categories should not exceed 70 per cent. refs., tabs., figs

Blueprint and Approach to Grow Revenue in Small Technology Companies

Directory of Open Access Journals (Sweden)

Tony Bailetti

2010-05-01

Full Text Available This article examines a new approach to grow the revenue of small technology companies and technology startups. We name this new approach the business ecosystem approach. The article is organized into five sections. The first section provides a blueprint to grow revenue and an inventory of growth formulas that top management teams of small technology companies and founders of startups find useful. The second section briefly defines business ecosystems, keystones and platforms. The third section describes the business ecosystem approach to grow the revenue of small technology companies and technology startups. It compares the traditional and business ecosystem approaches to growing revenue; identifies when the business ecosystem approach works better than the traditional approach; explains what small companies and startups need to do to grow revenue using the business ecosystem approach; and describes the benefits and risks of implementing the business ecosystem approach. The fourth section compares three approaches to growing revenue and highlights the differences between i business ecosystems and development communities and ii the business ecosystem approach and outsourcing. The fifth section identifies the key decisions a small technology company or technology startup needs to make to become the keystone that anchors a business ecosystem.

REVENUE RELATED TO ORDINARY ACTIVITIES ACCORDING TO IFRS AND ROMANIAN REGULATIONS

Directory of Open Access Journals (Sweden)

ECOBICI NICOLAE

2014-05-01

Full Text Available In this paper I present the differences and similarities between IFRS and Romanian GAAP regarding revenue, respectively between IAS 18 and other standards and MPF Order no. 3055 from 2009. A major problem is the recognition of revenue. In this matter IASB and Minister of Public Finance from Romania have similar, yet some different opinions. For example, IFRS has three revenue standards and four revenue interpretations. In the end I shall debate and investigate the convergence process and the similarities and differences between national and international provisions.

The Development of Organizational Sustainability in Social Enterprises

DEFF Research Database (Denmark)

Hernandez Chea, Roberto Roderico

, support disadvantaged groups of people to tackle their social problems such as, for example, poverty or lack of employment opportunities and, on the other hand, generate revenue from commercial activities to sustain their operations. Social enterprises may involve public and private members as founders...... with different demands and interests that translate into different management challenges. Such challenges may sometimes threaten the development of organizational sustainability and therefore the ability of social enterprises to continue operating in the long-term. This thesis aims to investigate this issue......, leveraging on a behavior perspective to study the development of organizational sustainability in social enterprises that involve public and private members as collaborating founders. In particular, the four scientific articles that consolidate the thesis provide insights into the management dimensions...

Areva. Nine-month 2007 sales revenue and data

International Nuclear Information System (INIS)

2007-10-01

The main information concerning the nine-month 2007 financial data of the Areva group is a steady growth of 9-month sales revenue, at euro 8.066 billion (+6.8% like-for-like), including euro 2.692 billion in the 3. quarter, i.e. +7.6% like-for-like. The group confirms its strong sales revenue growth objective for 2007

Edible oils from microalgae: insights in TAG accumulation

NARCIS (Netherlands)

Klok, A.J.; Lamers, P.P.; Martens, D.E.; Draaisma, R.B.; Wijffels, R.H.

2014-01-01

Microalgae are a promising future source for sustainable edible oils. To make microalgal oil a cost-effective alternative for common vegetable oils, increasing TAG productivity and TAG content are of high importance. Fulfilling these targets requires proper understanding of lipid metabolism in

"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy

OpenAIRE

Strand, Jon

2009-01-01

This paper discusses possible macroeconomic implications for low-income countries of increased revenue inflows that may follow from implementing certain global greenhouse gas mitigation policies. Such revenue sources include revenue from emissions offset mechanisms, direct investments, and financial transfers that form parts of possible future mitigation treaties. In the short run such rev...