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The Economics of Oil and Gas (The Economics of Big Business) by Xiaoyi Mu is a nonfiction available to read on EtoBox.

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"The availability of low-cost energy from fossil fuels - in particular oil - has been the driving force behind postwar global economic growth, such that the petroleum industry has some of the world's largest state- and public-owned companies. In 2015, Exxon Mobil had revenues of $394 billion (more than the GDP of South Africa) and posted profits of $32 billion. This book examines the economics of the entire value chain of the oil and gas industry, from exploration, development and production, to transportation, refining and marketing. At each stage, the key economic costs, considerations and appropriate business strategies are explored in order to provide the reader with a comprehensive understanding of the workings of the petroleum industry. The book examines some of the unique economic challenges the industry faces, including negotiating international contracts with host countries (to gain access to hydrocarbons), managing the risks of recovery, implementing cross-border pipelines, dealing with huge variations in the taxation of refined products, and reacting to the effect of price control and subsidization in the OPEC nations which can create massive volatility in pricing. In ad

Who reads The Economics of Oil and Gas (The Economics of Big Business)?

Author

Xiaoyi Mu

Publisher

Agenda Publishing

Published

2019

Language

EN

ISBN

9781911116295

Category

nonfiction

Subjects

Business, Economics, Management