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1	The British North Sea: The Importance Of And Factors Affecting Tax Revenue From Oil Production Hill, Mark 10 February 2004 (has links) (PDF) The oil industry is the richest and most influential industry in the world. The industry has moved the fates of nations. Oil is required to fight wars and exert power, and the restriction of this energy source is paramount to the restriction of movement, control, and in the end, power. Management of this resource and the tax revenue it generates are of serious strategic importance, both domestically and internationally. Understanding the results of taxation for this important commodity is important to international relations as well. The tax system affects tax revenue, government actions, oil company actions, and the oil supply itself. Each of these is important to international relations. North Sea British tax taxation government policy oil gas crude crude oil natural resources United Kingdom United Kingdom Continental Shelf UK UKCS Great Britain Scotland Norway petroleum economic rent OPEC Middle East Piper Alpha mineral mineral taxation tax regime tax revenue fiscal system David Ricardo Johnston royalties PRT SPD Special Petroleum Duty Rig count take government take corporation tax econometric Other International and Area Studies