This study examined the impact of the ceiling test write-off on the stock prices of affected full cost (FC) oil and gas firms.

Three petroleum futures contracts are examined over a ten-year period from 1986 to 1996. Intertemporal changes in futures prices and the net open interest positions of three trader types are compared to determine what, if any, market timing ability the traders have. Seasonal variation is considered and a simple trading rule is adopted to determine the dollar-return potential for market participation and shed light on issues of market efficiency.

This dissertation explores the relationship between foreign oil capital, transnational infrastructures, and power in the Middle East through an examination of the history of the trans-border pipeline system that exported Iraq’s oil to Europe via the Mediterranean. Built in 1935 by the Iraq Petroleum Company (IPC), an international oil consortium jointly owned by a group of Western oil companies, the Iraq-Mediterranean pipelines ran from northern Iraq to two points on the Mediterranean coast, crossing the borders of five states. The Iraq-Mediterranean pipelines were the product of large capital investment and were constructed during a period of European imperial rule. They could not be easily moved or diverted once built. This dissertation asks, in what ways did trans-border flows of oil shape and were shaped by processes of decolonization and the emergence of independent nation states? Existing studies of Middle East oil development rarely consider the fact that oil infrastructures extended beyond the territorial boundaries of the nation-state, focusing instead on the effects of oil revenues on the political economy of oil-producing states. Rather than reading oil as a stand-in for something else, such as revenues, geopolitics, or modernity, this dissertation examines the material structures and technical organization of the oil industry itself. Drawing on extensive research in oil company archives, government archives and published materials in English, Arabic, and French, this dissertation argues that the Iraq-Mediterranean pipelines shaped temporally and spatially uneven and overlapping forms of corporate and state power during successive phases of planning, construction, and operation from the late 1920s to the early 1970s.

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The Six Year Plan under President Cardenas had a positive structure built on the agrarian movement, the cooperative movement and the educational movement. In order to give the Mexicans an increasing share of the country's wealth, President Cardenas believed that the "process of building cooperatives was to shift the balance of economic power gradually from the capitalist class to the workers". He also believed that "Mexico never would become prosperous by serving as a siren for foreign capital because capitalism fattens on low wages." Then, too, "the workers would only prosper when industry was controlled by the governement and the people."53 It was, therefore, a foregone conclusion that President Cardonas would attempt to regain these rich oil reserve for the Mexicans. He did not plan to issure any new laws regulating Article 27, but rather, to follow the legal status already existing.55 His first move was to cancel all foreign leases held on defective titles. This was actually begun early in 1934 before Cardenas took office

It was the purpose of this study (1) to investigate the circumstances that seemed to warrant this le6islati on; (2) to study the important aspects of the bill itself; (3) to follow the bill through its heated political battle prior to its legislative passage; (4) to trace the factors that led to its defeat as a referendum measure; (5) to grasp the significance of defeat to Governor Olson; and (6) to determine the merits of the measure in relationship to conservation and production.

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