Production Controls in Heavy Oil and Bitumen Markets: Surplus Transfer Due to Alberta’s Curtailment Policy

Heavy Oil and Tar Sand Bitumen

Coal, Oil Shale, Natural Bitumen, Heavy Oil, and Peat

A brief overview of the geology of heavy oil, bitumen and oil sand deposits

Introduction There are three major oil sand areas in Canada, all in Alberta. There is also an oil sand deposit on Melville Island in the Arctic. The three major oil sand areas are from highest to lowest volume of reserves-in-place (AEUB 2003) Athabasca, Cold Lake and Peace River oil sand areas notwithstanding that bitumen reserves are also evident in subcropping carbonate rocks in Athabasca and...

Dynamic Correlation between Oil Markets and Financial Markets and Oil and Petrochemical Industries in Iran

In this paper we study the effect of volatility in Brent oil prices on the important indices of financial markets in Iran, as well as the return on gold, from 2008 to 2018 using the Multivariate Exponential GARCH Model (MVEGARCH). We also use the ADCC-FIGARCH model to examine the asymmetric dynamic conditional correlation between Brent oil prices and financial markets in Iran. The results of th...

Transfer Pricing and Enforcement Policy in Oligopolistic Markets

We set up a symmetric two-country model with two multinationals competing on the quantities and possibly manipulating their transfer prices. Governments choose both the corporate profit tax rate and the level of enforcement of the “arm’s length” principle. We show that stronger enforcement increases equilibrium tax rates. We also find that a larger international ownership of multinationals lead...