The International Monetary Situation And the Administrations Oil Floor Price Pr
The International Monetary Situation And the Administrations Oil Floor Price Pr
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The other large exporters — ^^Iran. Venezuela. Nigeria and Indonesia — are already spending internally the major portion of their oil revenues. Now let me turn to the relationship between synthetic fuel projects and price floors. Again, the (Julf Oil Corporation does not support the use of price floors as a means of encouraging tlie development of synthetic fuels projects. Even with, an energetic synthetic fuels development program, it will be a decade or more before the total output of synthet...ic fuels represents more than a few per- cent of our total oil and gas consumption. To prop up more than 9. 59r of the market in order to siipport less than 5% of the production is economically luitenable. This is not to say that such projects do not need a strong incentive system. Thev do. But these "incentives should be provided on a project-by-project basis. Siiale oil. Coal gasification, coal linuef action and related projects for the development of new energy sources all share similar prol)lems and risks.
What to read after The International Monetary Situation And the Administrations Oil Floor Price Pr?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Joint Economic Committee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The other large exporters — ^^Iran. Venezuela. Nigeria and Indonesia — are already spending internally the major portion of their oil revenues. Now let me turn to the relationship between synthetic fuel projects and price floors. Again, the (Julf Oil Corporation does not support the use of price floors as a means of encouraging tlie development of synthetic fuels projects. Even with, an energetic synthetic fuels development program, it will be a decade or more before the total output of synthet...ic fuels represents more than a few per- cent of our total oil and gas consumption. To prop up more than 9. 59r of the market in order to siipport less than 5% of the production is economically luitenable. This is not to say that such projects do not need a strong incentive system. Thev do. But these "incentives should be provided on a project-by-project basis. Siiale oil. Coal gasification, coal linuef action and related projects for the development of new energy sources all share similar prol)lems and risks.
What to read after The International Monetary Situation And the Administrations Oil Floor Price Pr?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Joint Economic Committee to read onlineMoreLess
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