Name: An Optimum Base for Pricing Middle Eastern Crude oil
Price: 41.97 USD
Availability: InStock
Author: Abdulaziz M. Aldukheil
ISBN: 9780863565434

portada An Optimum Base for Pricing Middle Eastern Crude oil

Type

Physical Book

Publisher

Saqi Books

Author

Abdulaziz M. Aldukheil

Format

Hardcover

ISBN13

9780863565434

Synopsis "An Optimum Base for Pricing Middle Eastern Crude oil"

Setting the price of oil, one of the most sought-after and traded commodities in the global market, has been a major issue in the field of economics. In this book, Abdulaziz M. Aldukheil offers his mathematical base for setting the price of Middle Eastern crude oil and its application in oil exporting nations. Focusing on Saudi Arabia, An Optimum Base for Pricing Middle Eastern Crude Oil examines the deficiencies of present price-setting methods where production (extraction), trade, return on foreign investment and the subsequent investment of surplus revenues present complex questions for the Saudi Arabian economy. The author suggests that if the nation has to produce more oil than what it can invest in at home, it has to be offered foreign investment with a return equal to the annual real rate of growth crude oil price.