The structure of taxes and fiscal contracts between host countries and foreign companies has major implications for the success of oil development projects. This is because of several key characteristics of such projects: large investment outlays, long lead times to project completion, and long...

Higher world oil prices in the past decade have caused serious economic disruptions in most developing countries, which as a group are highly dependent on imported oil in relation to both the sizes of their economies and their total imports. I Increased oil bills have frequently led to lower...

Since 1973 the global economy has been going through a difficult transition period. After a long period of growth, characterized in part by low oil prices and increased reliance on production in a few large oilexporting countries, it is moving toward a new equilibrium characterized by...

India and China contain about 40 percent of the earth's people. They are at an early stage of economic development, and their increasingly massive energy requirements will depend heavily on coal, a potent source of carbon dioxide, a powerful and long-lasting greenhouse gas. India also has...