Table of Contents Openers 11 Oil Drilling: The Definition of Insanity 11 AT’s 12 AT: Regulatory Reforms Made 12 No Additional Regulation 12 Insignificant Changes 12 Blowout Prevents Deficient 13 Insufficient Reforms 13 AT: Government: Impact is Small 14 OECM model flawed 14 AT: Moratorium Caused Job Loss 14 Moratorium didn’t cause significant job loss 14 AT: Gas Price Reductions 15 Opener: Won’t Reduce Gas Prices 15 Opener: Political Rhetoric is False 15 AP Study: No Correlation between Prices and
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uncertainty in valuations for investment purposes A brief guide for users of valuations Nick Bywater MRICS rics.org/valuation This guide is prepared for the benefit of valuers and other users of valuations to provide a general understanding of the concept of uncertainty and the methods by which uncertainty‚ in valuations for investment purposes‚ may be identified and communicated with clarity. It is not intended to provide training in valuation techniques but rather to give valuation surveyors
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Risk-Neutral Valuation Stephen M Schaefer London Business School March‚ 2012 Outline • The no-arbitrage principle • Arrow-Debreu (A-D) securities and market completeness • Valuing options with one period to maturity via replication using underlying asset and borrowing / lending replication using A-D securities risk neutral probabilities • Valuing options with several periods to maturity Understanding Risk Neutral Valuation 2 No-arbitrage pricing Understanding Risk Neutral Valuation 3 Arbitrage
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2.2.3 Purposes of Real Property Valuation There are five elements of property value: Production: productivity is the way of enhancing or hindering capacity for valuation Utility: Utility is the ability to arouse desire for its possession or use. Scarcity: The object must be relatively scarce to satisfy the demand. Demand: There must be a need and ability to purchase. Transferability: It must be possible to transfer good title with ease (Donald A. Corb‚ JD and Richard A. Giovangelo‚ 2013-14)
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Characteristic of services Intangibility Unlike products services cannot be counted‚ measured‚ or felt. It is difficult to explain to the customer what a specific feature in the service will give to the customer. As services are intangible‚ the perceptions of customers regarding the service may differ at any given amount in time. Each customer will have a different perception and experience about the same service. But in a hotel the quality of service is not only dependent on the courteousness
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source issues‚ everyone shows concern because the oil prices are increasing all the time. In addition‚ energy sources are depleting and will be exhausted one day. This phenomenon is called “the global oil crisis”. According to a theory by King (1956)‚ all nations around the world will face an oil production crisis following a bell shaped curve based on the limits of exploitability and market pressure. Of course‚ not every nation will be faced with “Peak Oil”‚ it is based on the individual nation’s perspective
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online | | Video service | | Online photos | | Fact sheets | | Media contacts | | Archives | | | Hybrid oil palms bear fruit in western Kenya | FAO project improves incomes and diets‚ and may reduce imports of food oil | 24 November 2003‚ Rome — A cold-tolerant‚ high-yielding oil palm being promoted by FAO in western Kenya could be a boon to small-scale farmers and industrial producers alike‚ increasing incomes improving diets‚ reducing imports of food oil and providing much-needed
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accountable for all economic retribution financially and environmentally. The oil rig was under contract by BP and according to the Oil Pollution Act of 1990 it stipulated that those parties responsible for the rig or facility which oil is being discharged from—is the responsible party held liable for cleanup costs. The conflict revolves around the fact that BP failed to clean-up the oil after seven days of trying to cap three oil leaks in
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After the tragic BP oil spill in 2010‚ Louisiana Governor Bobby Jindal was quoted saying “the day that we’ve been fearing is upon us.” It is obvious that oil spills are a major concern throughout the world and pose a menacing threat to our environment and our public health. When hearing the phrase “oil spill‚” many immediately think about death‚ destruction and disaster. Unfortunately‚ a majority of people only acknowledge the devastating and highly publicized oil spills‚ but what they don’t see
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Oil and gasoline prices had been a problem since individual vehicles had actually entered the market. After the Katrina United States current economic growth is not even sustainable under the recent oil price surge. Even though the Department of Energy does not feel that oil prices are high enough to cause a recession‚ the consequence of high energy costs cannot go unaddressed. Government has to start looking and actually spending money on solutions to this consumption problem immediately. This
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