Oilmen Exaggerate Profit Needs Says Study
A study for the Enterprise Institute finds oil firms earned profits higher than the risk adjusted average, arguing that oil profits were sufficient to attract investment. It challenges deregulation claims that price controls deter exploration, with analysis by Shyam Sunder of the University of Chicago.
MENTIONED IN THIS ARTICLE
The
Enterprise Institute
Petroleum
Shyam Sunder
Graduate School of Business
University of Chicago
Sunder analyzes oil profits and risk from 1961 to 1975
Sunder evaluates oil industry profits using risk adjusted measures. He compares fluctuations to all industries and calculates a beta coefficient and a normal profit range for 1961 through 1975. He notes profits lagged behind U.S. industry until the 1973 74 oil embargo and warns the recent gains may not indicate a trend.
MENTIONED IN THIS ARTICLE
Sunder
U.S
Oil investors enjoy higher profitability with lower risk
Sunder argues profitability tops average industry levels due to reduced risk in oil investments. He notes solid returns justify the risk and points out that long sustained low rates did not deter capital investment, describing years of healthy growth for the oil sector.
MENTIONED IN THIS ARTICLE
Sunder
Crossword by Eugene Sheffer Across
Puzzle clues list across with answers and a Cryptoquip instruction. Yesterday's solution notes include antelope and tone deaf sopranos. Today's clue states C equals O and explains substitution cipher basics for solving the puzzle.
MENTIONED IN THIS ARTICLE
Eugene Sheffer
King Features Syndicate, Inc
Also Mentioned on This Page
Phoenix
Bird
Jun Promise
Vay
Opera
Wver God
Ne x Rees
Ohio
Cryptoquip
Village Green Book and
Kin Hollis
iBank
SelectaVision
Asg A
Cache Road
Caubon
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!