Turning petro dollars back
on: A game theory approach
Darmawan Prasodjo, Arcandra Tahar, and Erwinsyah Putra, Durham, North Carolina | Opinion | Tue, October 04 2011, 5:00 AM
Oil and gas exploration is booming worldwide due to prices increasing to around US$100 a barrel. The revenue generated by this price is helping some, but for Indonesia’s dwindling oil sector and increasing domestic demand, oil subsidies are increasing by 35 percent, or roughly $15 billion. [Read more…]