Depletion Policy

Danny Hann

Chapter 6 in Government and North Sea Oil, 1986, pp 101-122 from Palgrave Macmillan

Abstract: Abstract The concept of a government depletion policy, by definition implies that the government is unwilling to allow producer companies to determine their own production profiles. The implicit assumption thus being made by the government is that it is superior in its ability (relative to the industry) to identify some optimal production profile and it is capable of implementing policies which will result in this objective being fulfilled. The overall objective of this chapter is to examine the validity of these assertions in practice.

Keywords: National Interest; Development Delay; Submarine Pipeline; Politieal Party; Budget Size (search for similar items in EconPapers)
Date: 1986
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DOI: 10.1007/978-1-349-08083-0_6

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