The petroleum industry is arguably the most influential and
important industry in the world. This book offers a comprehensive
introduction to the economics of oil and natural gas extraction and
production along with a detailed discussion of pricing, taxing, and
markets of these most valuable commodities.
The optimization of the time profile of revenues from individual
fields is discussed along with the development of oil pricing, tax
systems, and oil and natural gas regulation. This book will be of
great value to petroleum engineers, students in business and
economics, policy makers, and anyone else interested in the future
of petroleum production.
General
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