The Potential for Diversifying Oil Imports by Accelerating Worldwide Oil Exploration and Production PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Potential for Diversifying Oil Imports by Accelerating Worldwide Oil Exploration and Production PDF full book. Access full book title The Potential for Diversifying Oil Imports by Accelerating Worldwide Oil Exploration and Production by United States. General Accounting Office. Download full books in PDF and EPUB format.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 100
Get Book Here
Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 100
Get Book Here
Book Description
Author: EE.UU. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 79
Get Book Here
Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 0
Get Book Here
Book Description
GAO examined the potential for the United States to diversify its sources of imported oil and the incentives and disincentives for private U.S. oil companies to diversify their individual foreign oil sources in order to reduce dependency upon the Middle East and North Africa. Diversification does not mean abandoning traditional oil sources; it means reducing reliance upon them by supplementing them with other sources to the point that dependency upon insecure regions is sufficiently reduced so that a supply disruption would not be critical to national security. Although few oil companies have been able to significantly reduce their dependence on Middle Eastern or North African oil sources, recently their oil exploration activities have been concentrated elsewhere. The areas which hold the most promise for future oil discoveries are the Arctic areas, Antarctica, Mexico, the North Sea, China, and certain developing nations in Latin America and Africa. The United States has one official program which directly influences petroleum exploration in other countries, the Overseas Private Investment Corporation, and participates in a number of international organizations which have or are developing programs to stimulate petroleum exploration and production in developing countries. Diversification is not a viable short-range strategy, but holds some potential in the mid- to long-range period if new sources can be developed in countries that are currently nonproducers or low producers, and if current producers outside the Middle East and North Africa, such as Mexico and the North Sea countries, continue to increase their export capacities. Aggressive acceleration of worldwide petroleum exploration can be achieved only if obstacles to such exploration are removed or reduced. These obstacles include the expropriation of private assets when exploration is successful, excessive rates of taxation by host governments, an uncertain U.S. tax policy relating to foreign income, and exclusionary host-government policies. Both Congress and the executive branch need to consider U.S. oil company operations in foreign countries as an issue to be factored into relationships with those countries. The United States should seek, through both bilateral and multilateral channels, to favorably influence the attitudes and policies of the governments of the less developed countries concerning private investment in petroleum exploration and development. The United States also should explore ways of helping these countries increase the commercial viability for private development of small oil fields with little or no export potential.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 516
Get Book Here
Book Description
Catalog of reports, decisions and opinions, testimonies and speeches.
Author:
Publisher:
ISBN:
Category : Power resources
Languages : en
Pages : 380
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Power resources
Languages : en
Pages : 840
Get Book Here
Book Description
Author: Nicky Beredjick
Publisher: Springer Science & Business Media
ISBN: 9781853330551
Category : Business & Economics
Languages : en
Pages : 298
Get Book Here
Book Description
Twelve chapters cover a wide variety of topics, including finance, contracts, political risk insurance, legal issues, economics, and technical cooperation. All treatment of these subjects focuses on conditions expected to exist in the mid 1990s. No subject index or bibliography. Annotation copyright
Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 406
Get Book Here
Book Description
Author: Organization of Arab Petroleum Exporting Countries
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1240
Get Book Here
Book Description
Author: Mr.Prakash Loungani
Publisher: International Monetary Fund
ISBN: 1455217875
Category : Business & Economics
Languages : en
Pages : 42
Get Book Here
Book Description
We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies has increased steadily. We document the cross-country heterogeneity in the extent of diversification. We also show how the extent of diversification changes if account is taken of the political risk attached to suppliers; the size of the importing country; and transportation risk.
