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WHAT FISCAL REGIMES APPLY IN THE UKCS?
According to report by Power energy investor, the world consumes approximately 30 billion barrels of oil a year and has discovered on average only 8 billion barrels of oil a year during the last decade. Much of today’s complacency is due in large part to the lack of knowledge about what is really going on in the oil-producing world. PEMEX as a state owned company has a monopolistic market outlook. It is not a flexible company as it operates a pure monopoly market structure where the oil industry in Mexico is the firm. This has caused the company to operate inefficiently and ineffectively as it should perform. PEMEX has minimal competition to deal with as well. This article will be focusing on analysing PEMEX within the framework of PESTEL external environmental factors. Here we put into consideration the political, economical, socio cultural, technological, environmental and legal factors that affect PEMEX and inadvertently weaken or strengthen the company.
This post is a unique combination of 3 different articles (sources included below) which highlights some possible linkages and ideas between what I call the ''Financial Curse'' -in my opinion, a situation in which world advanced markets are stuck in a vicious cycle of debt and relative GDP stagnation- and the ''Resource Curse''-which is basically a situation in which world emerging markets suffer from poverty in the midst of plenty. I have selected 3 articles in the following order; the first deals with an analysis of Nouriel Roubini's sense of adeptness with the causes and symptoms of the world's financial conundrum- starting from 2006 when he predicted the 2007/8 financial crash. The next article takes a closer look at the contemporary situation in world markets by focusing on some current positions which Dr. Doom - as he is commonly referred to- has adopted; of course, the prognosis is not good. I also introduce some ideas shared by Gobind Nankani and Paul Collier with the UK Department for International Development on investing natural resource revenues in their source markets. The general idea is to set the tone for a simplistic but thought-evoking commentary what it would take to end both ''Curses''.
Noting the rate at which food production continues to fall in the world generally, with some parts suffering from serious famine, how can we continue to waste food? Simply because we are totally unsatisfied with the food item we have purchased; kept it for so long, its no longer desired and is about to expire; or we had about enough of that meal and the only option is to dispose of the rest OR should we leave things be and continue to waste food as it is being explored as a resource to renewable energy?
