Sentences with phrase «windfall oil profits»

Represented the Republic of Ecuador in two ICSID cases brought by foreign oil producers to challenge an Ecuadorian law establishing State participation in windfall oil profits resulting from an unforeseen rise in prices.

Represents the Republic of Ecuador in an UNCITRAL Rules arbitration under the Ecuador - United States bilateral investment treaty with respect to claims by a foreign oil producer challenging an Ecuadorian law establishing State participation in windfall oil profits resulting from an unforeseen rise in prices.

Not exact matches

Speaking of which, if the government believes the market is dramatically mis - pricing the future price of oil, should they not be buying up oil futures to provide windfall profits to taxpayers?

«A one - off windfall tax on oil profits would be a fair, popular redistribution of wealth and a reminder of why a Labour government protects those in need.»

This strategy also results in unanticipated, or «windfall» profits: If the contract is purchased forward twelve months at $ 100 and the actual price is $ 150, the refiner will take delivery of one barrel of oil at $ 100 and the other at a spot price of $ 150, or $ 125 averaged for two barrels: a gain of $ 25 per barrel relative to spot prices.

On the other hand, I think it would be better for our economy if prices went up in a more controlled manner and if some of the money went to the government which could use it for investment in alternative energy resources or to reduce taxes, rather than just going to windfall profits for the oil companies.

This ignorance leads to radio ads decrying NIMBYism as the only reason for disallowing offshore drilling, even while these rich landowners still don't allow any wind / solar where they can see, make up all sorts of lies about wind / solar, while bush refuses to give equal subsidies to «alternative» energy and refuses to tax windfall profits to oil companies, who break records year after year in profits...

Final word on windfall profits, the US can not tax foreign generated income which is a major component of oil companies revenues especially in the oil services sector.

President Reagan lifted remaining domestic petroleum price and allocation controls on January 28, 1981 [6] and lowered the oil windfall profits tax in August 1981, helping to end the 1979 energy crisis.

While I agree that a carbon tax, oil tax, or gas tax would probably be more effective that a windfall profits tax, I don't think any of the foregoing have a snowball's chance of being enacted.

«Indeed, since 1981, when the failed windfall profits tax was first enacted, federal, state, and local governments in the U.S. have collected more in taxes from the oil industry than the industry has earned in actual profits for its shareholders.

A recent ad put out by her campaign argues that «Hillary Clinton knows it's time to act, take some of the windfall profits of big oil to pay to suspend the gas tax this summer, investigate the oil giants for price gouging and collusion.»