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By John Maynard Keynes

From essentially the most influential economists of the fashionable period, Keynes and his "General Theory" formed monetary suggestion and govt guidelines for many years to come back. Out of this magnum opus arose the Keynesian college of economics. Keynes argues that the extent of employment in a latest economic climate was resolute via 3 components: the marginal propensity to devour (income that individuals selected to spend on items and services), the marginal potency of capital (the cost used to work out no matter if investments are helpful) and the speed of curiosity. This paintings has huge, immense implications to the current day in realizing the regulations and that experience formed the present surroundings. "The common concept is not anything lower than an epic trip out of highbrow darkness. That, up to its carrying on with relevance to monetary coverage, is what makes it a publication for the a while. learn it, and marvel." - Paul Krugman, Professor of Economics, winner of the 2008 Nobel prize in economics.

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The Gorgon LNG project is one of the largest LNG projects in the energy markets today. According to a September 19, 2009, Chevron press release, the Gorgon project has reserve potential of 40 trillion cubic feet and an economic life of 40 years from the time of startup. First gas is estimated for 2014. 7 billion barrels of oil. One can refer to Chevron (www. com) for more information on this promising project. Other Australian LNG projects include that of UK-based BG Group Plc. According to a November 1, 2010, press release, the BG Group’s US$15 billion investment in Australia’s Queensland primarily targets Asian users of LNG.

No longer are large oil companies retaining the traditional gas station and convenience store model. Today, both NOCs and IOCs are leasing their names and selling the assets to distributors. Worldwide, the integrated majors are departing the retail sector. The margins in retail gasoline are small, decreasing, and vulnerable to downturns in the commodity cycle. Why risk earnings? The strategy is simply to divest and retain the brand name on the retail assets. In some cases, regulatory frameworks are behind the sale of retail assets.

This may be temporary, but prepare for a more enduring environment with less governmental support for power generators. Many generators are already in a very P1: OTA/XYZ JWBT502-c01 P2: ABC JWBT502-Bern May 5, 2011 12 7:20 Printer Name: To Come Introduction and Financial Considerations vulnerable position, particularly in Spain where subsidies have already been cut as a consequence of governmental belt tightening. Energy Investment Cost Considerations The costs associated with building a nuclear power plant or hydro project have escalated.

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