PROSPECTS FOR OPEC CAPACITY

被引:2
作者
ADELMAN, MA
机构
[1] Department of Economics, Center for Energy Research, Massachusetts Institute of Technology, Cambridge, MA 02139-4307
关键词
CAPACITY; COST; TAXATION;
D O I
10.1016/0301-4215(95)99712-9
中图分类号
F [经济];
学科分类号
02 ;
摘要
OPEC capacity is not exogenous, but responds to demand. Price increases have not been caused by capacity shortages. OPEC nations find it hard to set aside even very small portions of their revenues for oil investment, despite its extreme profitability. Foreign investors face high risks. Production sharing makes their after-tax return even more unstable.
引用
收藏
页码:235 / 241
页数:7
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