Report of the Working Group on Petroleum & Natural Gas Sector for the XI Plan (2007-2012) Ministry of Petroleum & Natural Gas November 2006 This page has been left blank intentionally. Report of Working Group on Petroleum & Natural Gas Sector for the XI Plan (2007-2012) Table of Contents v Executive Summary 6 1.1 Economy & Energy 6 1.2 International Scenario 6 1.3 Indian Scenario 7 1.4 Thrust Areas for the Petroleum and Natural
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Market Structure o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider
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in Libya as petrol rises Bulgaria is starting to feel the economic impact from Muammar Gaddafi’s attempt to stay in power. Prices of basic foodstuffs have begun to sky rocket in Libya‚ as fighting between supporters and opponents of the dictator continue‚ but Libya is not the only country affected. The price of petrol is reaching nearly 116 dollars a barrel‚ which is a 20 per cent rise in less than a week‚ Bulgarian National Television (BNT) reported on March 8 2011. Petrol stations in Bulgaria
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NT 1310 Unit 2: Lab 1 Amazon Amazon Elastic Compute Cloud is a web service that provides resizable compute capacity in the cloud. It is designed to make web-scale computing easier for developers. With Amazon‚ you get anywhere between 5GB and 1TB depending on how much you’d like to pay for. Amazon passes on to you the financial benefits of Amazon’s scale. You pay a very low rate for the compute capacity you actually consume. Amazon EC2’s simple web service interface allows you to obtain and
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ELASTIC DEFORMATION AND POISSON’S RATIO E 45 – Materials‚ Friday 8:00 am September 21‚ 2012 Due: October 19‚ 2012 Abstract A tensile test was performed on a 4140 steel sample and the axial and transverse strains were measured. Data points were collected at incremental loads and graphed to determine the elastic modulus (30.4 x 106). Poisson’s ratio was also calculated from the dataset and determined to be 0.29. These experimental values agree closely (within
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June 2004‚ the Government of Pakistan disinvested around 15% of its equity in the company through an InitialPublic Offering (IPO). The Government of Pakistan intends to privatize PPL and IPO was a significant steptowards achieving this objective. As at June 2008‚ the government of Pakistan owned 78.4% stake of PPL‚ theInternational Finance Corporation (IFC) had 3.43% of shareholding and the rest 18.17% is free-float.PPL is the second largest Exploration and Production (E&P) companies‚ both‚ in terms
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overall demand for iPods. Price elasticity is a tool designed to identify the overall change in demand or supply of a product compared to the overall movement of price. For the sake of this paper‚ we will focus on the overall change in demand from consumers. Elasticity is calculated by creating a ratio of the percentage change in demand of a good compared to the percentage change in price. If the percentage change in demand is greater than the percentage change in price‚ the product would have a
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Let’s start with the basics. Aside from additives such as ethanol‚ which is made from corn‚ the gasoline and diesel fuel commonly used today derive from the same source--crude oil. Although they share the same parentage (just like motor oil‚ some plastics‚ and Velveeta)‚ they have very different properties. Gasoline is often thought of as being a single chemical‚ but it’s actually a complex mixture of hydrocarbons that generally have 4 to 12 carbon atoms in their molecules. In the case of gasoline
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There are several examples that come to mind when I think of price elasticity. Included in my list are fuel‚ cigarettes‚ electricity‚ and toilet paper. Price elasticity means that the behaviors of supply and demand are not affected when the price of that particular item rises (changes). Our local power companies experience price elasticity on the energy that we demand‚ when they continually raise prices but the amount of consumer usage is unaffected. In some parts of the country their may
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(Hint: What happens to price if there is a bumper crop? What is the price elasticity of demand for wheat? Is it inelastic or elastic? What happens to total revenue if there is an increase in supply?) If a product like corn or wheat has a bumper crop season‚ the selling price for the good would fall. This is because a bumper crop season indicates that the product had a bountiful crop growth and harvest; therefore‚ supply for the product would be excess. This means that the price for the product would
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