The present paper analyzes the investment decisions made by the main companies participating in the Argentine oil market, based on the export taxes and domestic oil prices policies implemented since 2003, and how the cash flows destined for investment may have affected the oil production in...

Recent studies on oil market demonstrate endogeneity of oil price by modeling it as a function of consumption and precautionary demands and producers’ supply. However, studies analysing the effect of oil price uncertainty on investment, do not disentangle uncertainties raised by underlying...

Die kaspische Region hat das Potential, zu einem bedeutenden Förderer und Exporteur von Erdgas und Erdöl zu werden. Die Rohstoffvorkommen werden ähnlich groß geschätzt wie die der Nordsee. Da die Nachfrage nach Erdöl in den nächsten Jahren weltweit zunehmen wird, ist für die kaspische...