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Question About Oil Spending

Civics Questions! 10 points!!!?

Fiscal conservatism is the belief that government should not have large debts, and that government programs should not be paid for with borrowed money. How could both Democrats and Republicans be considered fiscally conservative?
Republicans — spending money on new programs; Democrats — tax cuts for the wealthy
Republicans — cutting government programs; Democrats — raising taxes on the wealthy
Republicans — raising taxes on the wealthy; Democrats — cutting existing government programs
Republicans — tax cuts for the wealthy; Democrats — funding new programs

Jared opposes offshore drilling while Samantha favors it. Jared says that in the long run, we will run out of oil, so it is best to start looking for alternatives now. Samantha suggests that offshore drilling will help us reduce our dependency on foreign oil. With which of the following would both Jared and Samantha agree?
Dependency on foreign oil is not a bad thing.
We must be careful that drilling for oil doesn’t hurt the environment.
Higher gas taxes will reduce our dependency on foreign oil.
The world is running out of oil.

"Democracy does not guarantee equality of conditions—it only guarantees equality of opportunity.” — Irving Kristol

What did the author mean by this statement?
Everyone is equal in a democracy.
Socialism is better than a democracy.
In a democracy, everyone has an equal chance to succeed.
Government leaders should guarantee that everyone has equal conditions.

Stagflation Question?

Which of the following can lead to stagflation?

1) decrease in the money supply
2) prolonged increase in oil prices
3) decrease in autonomous consumption
4) increase in government spending
5) decrease in oil prices

I think it's either 1 or 2, but I'm not sure which one? I'm leaning towards 2, but it says prolonged and I thought stagflation is SUDDEN.

Please someone help

Why do oil companies need to keep on spending on CapEx year over year? What would happen if they stop spending on CapEx completely?

They would eventually go out of business as equipment broke down, property deteriorated and fleets aged. CapEx is required to replace dying pump jacks, hauling trucks,  company vehicles and computers along with many other items bought with a life of some years. This is not a particular problem of the O&G industry but just about any company that produces/sells products rather than ideas.

Is it worth spending extra money to have oil and filter changed at toyota dealers?

This is a good question and everybody has an opinion about it and it is something you will have to make up your own mind about. However having worked in many motor repair shops i am going to put in my tuppence worth. Franchised dealers, yes they want your custom but they make money selling cars not servicing them, to them the servicing side is a pain, but to retain the franchise they must have a repair shop, their servicing plan if followed will maintain your vehicle in tip top condition and should give you many years of trouble free motoring, but herein lies the problem, because the repair shop does not make the dealership much money it is not prepared to spend much money on it buying equipment or paying staff, so if you pay your staff peanuts you get monkeys. Now before i stand on somebody's toes the car manufactuers have realized what is happening and have taken steps to rectify this situation, look around your own city and take note of which dealerships are improving their service departments image, yes, times are a changing. Now back to what i was saying before, if you have monkey's in the workshop and lets face they are the people who will service your car, do you think they will care if the service is done correctly, but all is not lost, in your owners manual you will find a service schedule where it states when the service is to be done and what is to be done, make it your responsibility to see that all the items on the list are done or go somewhere else. Now should you take it to the local shop for that service, you might feel he is a nice guy and you feel comfortable that he is looking after you vehicle, great, but is he up with the play, he may well be a top notch guy and will look after your vehicle better than any dealership [youv'e hit the jackpot] and he is always approachable. Ask around there is bound to be such a shop in your neighbourhood. Now finally oils, always use the best available oil recommended for your car look it up in the manual don't rely on the service man to know ,he more than likely puts the same oil in every car he does. he can;t be bothered to look it up, make sure the serviceman YOU entrust to look after your car can be bothered. A car is your second most expensive purchase look after it and it will look after you.

How do I become an astronaut after spending 8 years as an engineer in oil and gas field?

Space agencies recruit experienced test pilots from military for their missions and train them as crew members. On the other hand workforce in oil and gas will not have working knowledge of aircrafts, navigation systems, peak physical and mental strength, decision making in emergency situation so i feel probability of Petroleum engineer becoming astronaut is very less

How much money are you willing to pay for the best Olive oil quality?

A 500 ml bottle of AUTHENTIC extra virgin olive oil or EVOO shouldn’t cost less than $20. You can spend up to $40+ for certain high quality brands.Key points to keep in mind:The EVOO should be from a harvest that isn’t more than two years old;It must be bottled in the country of origin of the source of the olives;Blends of more than one olive variety are fine and often required to insure consistent quality/taste;No precipitates in the olive oil (they are simply impurities that increase the weight but do nothing to improve the quality).Sadly, there is a lot of fraud and mislabeling in the industry. Any EVOO (500 ml) priced below $10 is most likely of poor quality.

2 questions about reagans presidency?

Which was part of Reagan's plan for pulling the United States out of its economic slump?

raising income taxes

lowering income taxes

increasing spending on jobs programs

decreasing spending on military and defense


What were some of the outcomes of the deregulation of private enterprise?

The price of oil went up.

American automobile manufacturers used tax savings to make better and safer cars.

It became more expensive for airlines to operate.

Savings and loan institutions made risky loans and went bankrupt.

How is Norway reacting to the falling oil prices?

Norway has been putting huge amounts of oil surplus profits into its Norwegian Government Pension fund. While the profits as of late have not been enormous, the fund is quite large and will take care of the nation for much time to come. Despite all the oil money coming in they have fairly high tax rates that pay for their social leaning government style in which many benefits are paid for by the state including health care and education. Their infrastructure is top notch not so much from oil revenues but from wise spending and planning for peak oil production so they are in good shape to weather any oil downturn.The Government Pension Fund Global (Norwegian: Statens pensjonsfond Utland, SPU) is a fund into which the surplus wealth produced by Norwegian petroleum income is deposited. The fund changed name in January 2006 from its previous name, The Petroleum Fund of Norway. The fund is commonly referred to as The Oil Fund (Norwegian: Oljefondet).As of the valuation in June 2011, it was the largest pension fund in the world, but it is not a pension fund in the conventional sense as it derives its financial backing from oil profits, not pension contributions. As of March 2017 its total value is NOK 7.75 trillion[1](USD 892 billion), holding .8 percent of global equity markets.[2]With 2.33 percent of European stocks,[3]it is said to be the largest stock owner in Europe.[4]The purpose of the petroleum fund is to invest parts of the large surplus generated by the Norwegian petroleum sector, generated mainly from taxes of companies but also payment for license to explore as well as the State's Direct Financial Interest and dividends from the partly state-owned Statoil. The current revenue from the petroleum sector is estimated to be at its peak period and to decline in the future decades. The Petroleum Fund was established in 1990 after a decision by thecountry's legislature to counter the effects of the forthcoming decline in income and to smooth out the disruptive effects of highly fluctuating oil prices.So unlike countries like Venezuela which has used oil profits to prop ups its regieme by keeping gas prices low and making schools free and spending lavishly on social programs using all oil income and not even spending on keeping oil flowing, and even Saudi Arabia which has lined its rulers’ pockets and also provided social programs and no-strings free education, Norway is not feeling a pinch from the decline of oil profits.

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