Pricing Problems: Further Considerations |
Common terms and phrases
Arthur D assets assumptions Average Return British Petroleum Company capital expenditures Capital Investment cents per barrel Chase Manhattan Bank concerned with covering consuming countries continue exploring cost of drilling crude oil postings crude oil prices Crude Oil Production crude prices down-stream investment drilling dry holes earnings East Other Eastern Eastern Hemisphere Million Eastern Hemisphere Total Excludes Soviet Bloc Expenditures in Production exploration elsewhere exploratory finance exploration free pricing mechanism Hemis Hemisphere production Hemisphere Total Eastern high-cost iddle lease-concession acquisitions major companies major oil companies Member Governments Middle East oil industry OPEC ORGANIZATION OPEC's Resolution panies past thirteen PETROLEUM EXPORTING COUNTRIES posted crude posted prices pre-August 1960 level price of crude PRICING PROBLEMS producing investments producing operations product postings profits in cents reduce reduction in posted refining and marketing restoration of prices return on investment return on producing Shell study tax revenues throughout the Eastern Total Eastern Hemisphere Venezuela World Petroleum Industry