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Accounting for Depletion of Oil and Gas Resources in Malaysia AgEcon
Othman, Jamal; Jafari, Yaghoob.
This paper provides an assessment of the changes in the availability of oil and gas resources in Malaysia. The physical and monetary balance sheets for crude oil and natural gas for the period 2000- 2007 was constructed. The net present value of expected future incomes to reflect the value of resource change was calculated based on a physical extraction and a resource rent scenario. Resource rent is gross operating surplus less the estimated user cost of produced capital in the crude oil and natural gas extraction industry. We obtained the gross operating surplus by subtracting the value of consumption of employees and net taxes on production cost from the value added of petroleum domestic products. Our findings noted serious reduction of oil reserves from...
Tipo: Conference Paper or Presentation Palavras-chave: Sustainability; Environmental Accounts; Accounting; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q56.
Ano: 2011 URL: http://purl.umn.edu/100690
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