scholarly journals Conservation: Is It Justified in the Public Interest

1969 ◽  
Vol 7 (3) ◽  
pp. 355
Author(s):  
Maurice J. Sychuk
Keyword(s):  
Public Interest ◽  
Return On Investment ◽  
Oil Industry ◽  
Petroleum Products ◽  
Public Welfare ◽  
Rate Of Return ◽  
Conservation Program ◽  
The Public ◽  
Oil Companies ◽  
Price Maintenance

One of the criticisms of the conservation program is that conservation does not promote public welfare but is a private price maintenance scheme. This article analyzes the achievements of the conservation program and concludes that although the effect of conservation is to stabilize existing prices, information available with respect to the rate of return on investment of oil companies would indicate that prices of crude oil and petroleum products are not inordinately high. This article also discusses the sources of economic inefficiency in the oil industry and suggests that efforts be taken to make conservation more efficient.

Research on the Relationship among Cost Control, Technical Investment and Franchising Period in BOT Projects

2011 ◽  
Vol 403-408 ◽  
pp. 5166-5171
Author(s):  
Zhen Hu ◽  
Jing Lei Sun
Keyword(s):  
Return On Investment ◽  
Cost Control ◽  
Rate Of Return ◽  
Maintenance Cost ◽  
Constraint Condition ◽  
Value For Money ◽  
Public And Private ◽  
The Public ◽  
Effective Cost ◽  
The Relationship

Under the double win constraint condition between the public and private party, this paper takes VFM (Value for Money) as the evaluating indicator of the government’s earnings, uses the rate of return on investment as the evaluating indicator of the project company’s earnings in order to analyze the relationship among cost control, technical investment and franchising period. We found that the effective cost control can shorten the franchising period and hardly depend on the technical investment. If the contribution of the technical investment to the reduction of the maintenance cost is comparatively high, increasing technical investment can effectively shorten the franchising period, otherwise it has to postpone the franchising period so as to meet the earnings target of both the public and private parties when increasing the technical investment

scholarly journals Tinjauan Terhadap Hukum Persaingan Usaha Di Indonesia Dari Perspektif Hukum Perlindungan Konsumen

2019 ◽  
Vol 4 (1) ◽  
pp. 19-30
Author(s):  
Desi Apriani
Keyword(s):  
Consumer Protection ◽  
Public Interest ◽  
Competition Law ◽  
Unfair Competition ◽  
Public Welfare ◽  
Business World ◽  
The Public ◽  
Fair Competition ◽  
Consumer Interests ◽  
The Law

The business world is something that cannot be separated from business competition. There are business actors who compete in a fair competition  and there are also business actors who compete in a unfair competition. This is where the importance of the presence of business competition law in a country. In Indonesia, business competition law is contained in Law Number 5 of 1999 which prohibits monopolistic practices and unfair business competition. In relation to consumer protection, Law Number 5 Year 1999 has the aim of protecting the public interest and seeking public welfare. The prohibitions in the law indirectly have a protected effect on consumer interests. Need consistency in enforcement of business competition law so that the goal of protecting consumers can be achieved optimally.

SCENARIOS FOR THE DEVELOPMENT OF THE RUSSIAN OIL INDUSTRY IN MODERN CONDITIONS

2020 ◽  
Vol 13 (2) ◽  
pp. 139-145
Author(s):  
D.F. Kudriakov ◽  
◽  
T.M. Mazurchuk ◽  
D.R. Grinchenko ◽  
◽  
...  
Keyword(s):  
Oil Industry ◽  
Scientific Work ◽  
Petroleum Products ◽  
Potential Contribution ◽  
Internal Factors ◽  
Oil Companies ◽  
Foreign Countries ◽  
Political Conditions ◽  
The Russian Federation ◽  
The Impact

In the scientific work, a study is carried out of possible scenarios for the development of the Russian oil industry in modern non-stationary economic and political conditions. The hydrocarbon market is undergoing significant changes, largely accompanied by sharp price fluctuations and an excess of supply over demand, so it is important to assess under what conditions the Russian oil industry will be able to maximize its benefits. The aim of the study is to build objective scenarios for the development of the Russian oil industry and its position in the global hydrocarbon market. It also assesses the potential contribution of the Russian Federation to the reduction of oil production in the framework of the renewed OPEC+ transaction involving new oil exporting countries, as well as the combined effect of the agreements affecting oil prices. For making objective forecasts, internal factors are taken into account, among which are: access to hard-to-recover reserves, discovery and development of new deposits, investments in intensification of production, as well as external factors: agreements to reduce production by exporting countries, the impact of the coronavirus pandemic (Covid-19) on the volume of sales of petroleum products, political and other economic conditions that have a direct impact on the global hydrocarbon market. The actual basis of the work is the forecasts of independent experts, analytical agencies, state statistical services, as well as reporting by oil companies in Russia and foreign countries.

scholarly journals Analysis of soil contamination with oil and petroleum products

2021 ◽  
Vol 937 (2) ◽  
pp. 022046
Author(s):  
M.S Abu-Khasan ◽  
Y.I Makarov
Keyword(s):  
Soil Contamination ◽  
Environmental Remediation ◽  
Oil Spills ◽  
Oil Industry ◽  
Petroleum Products ◽  
Scientific Article ◽  
Optimal Method ◽  
Oil Companies ◽  
Environmental Disasters ◽  
Oil And Oil Products

Abstract The oil industry has a considerable role to play in the development of scientific and technological progress, it should also be taken into account that oil and its components are increasingly being used in various industries every year. Obviously, oil also has a decisive influence on the economies of individual sectors and the country as a whole. Therefore, monitoring the activities of oil companies is important so that environmental disasters arising from oil spills are avoided, and knowledge of techniques for dealing with such accidents is essential. Within the scientific article the composition of oil, its types depending on its density are considered, different methods of environmental remediation are analysed, including the stages of chemical analysis of soil, the most optimal method is selected, research on assessment of the level of soil contamination with oil and oil products is conducted, statistics of soil remediation are given, and relevant conclusions are drawn.

scholarly journals Venezuela's Nascent Oil Industry and the 1932 US Tariff on Crude Oil Imports, 1927–1935

2009 ◽  
Vol 27 (3) ◽  
pp. 427-462 ◽  
Author(s):  
Brian S. McBeth
Keyword(s):  
Crude Oil ◽  
Negative Impact ◽  
Oil Prices ◽  
Oil Industry ◽  
Petroleum Products ◽  
Initial Development ◽  
Oil Companies ◽  
Competitive Edge ◽  
Crude Oil Prices ◽  
The Impact

ABSTRACTAfter a brief description of the initial development of Venezuela's crude oil industry, this paper examines the impact the 1932 US tariff on crude oil imports had on the country. The US tariff on crude oil imports stabilised domestic crude oil prices but prevented consumers from benefting from lower prices in refned petroleum products. The large us international integrated crude oil companies gained from higher crude oil prices for their domestic production while supplying their european markets with mostly cheap crude oil from their newly developed Venezuelan oilfelds. The tariff increased the Venezuelan oil industry's vulnerability to international events because it narrowed the competitive edge it had over domestic us crude oil production. consequently, the Gómez dictatorship in Venezuela at the time became more dependent on the oil companies operating in the country since they could reduce production considerably, or even leave the country as quickly as they entered with a negative impact on government revenues.

scholarly journals THE EFFECTIVENESS OF INTERVENTIONS IN THE FIELD OF EXTRACTION AND PROCESSING OF HYDROCARBON RAW MATERIALS IN NOVOSIBIRSK REGION

2019 ◽  
Vol 2 (5) ◽  
pp. 176-183
Author(s):  
Irina Provornaya
Keyword(s):  
New Technologies ◽  
Raw Materials ◽  
Oil Industry ◽  
Economic Indicator ◽  
Petroleum Products ◽  
Oil Refining ◽  
Oil Companies ◽  
Novosibirsk Region ◽  
Regional Budget ◽  
Regional Product

Based on the multivariate spatial model, the paper shows the relationship between the factors of the oil industry (oil production, oil refining, consumption of basic petroleum products) and the main economic indicator (gross regional product) of the Novosibirsk region. It is revealed that with the increase in the capacity of the MIC-oil and subject to further exploration of oil fields with the use of new technologies, revenues to the regional budget from oil companies in the region can be about 5 %. The measures aimed at increasing the level of social responsibility and improving the quality of the environment at the enterprises of the oil industry of the Novosibirsk region are defined.

Corporate and Worker Photographs of the Offshore Oil Industry: The Case of the Ocean Ranger

2019 ◽  
Vol 53 (1) ◽  
pp. 152-177
Author(s):  
Fiona Polack
Keyword(s):  
Equal Opportunity ◽  
Oil Industry ◽  
Hiring Practices ◽  
The Public ◽  
Oil Companies ◽  
Massive Scale ◽  
Oil Workers ◽  
Offshore Oil Industry ◽  
Offshore Oil ◽  
Apparent Ability

Images of hydrocarbon extraction at sea remain strikingly circumscribed. The most extensively circulated are either the work of professional industrial photographers employed by oil companies to take carefully vetted promotional shots, or of news photographers commissioned to document catastrophes. Corporate-sponsored photography enforces the massive scale of offshore rigs, their technological sophistication, and apparent ability to withstand the vicissitudes of the ocean; it also tends to imply that companies adhere to strict safety regimens, and equal opportunity hiring practices. Photographs created by offshore oil workers are not widely circulated in the public domain. However, three collections of images recently donated to Newfoundland and Labrador’s provincial archives offer new viewpoints on the oil industry. Lance Butler, David Boutcher, and Lloyd Major were all employed on the Ocean Ranger platform, which capsized off the coast of Newfoundland in 1982 with the loss of 84 lives–including Boutcher’s. The men’s images resituate, expand upon, and on occasions challenge tropes that predominate in corporate photography; the striking arrangement of David Boutcher’s snapshots in album format by his mother is also salutary. This essay argues for the necessity of “onshoring” the offshore, and claims that workers’ photographs can potentially help us do so through a variety of means.

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