It Was Discovered by Geologists That an Oil Deposit Can

question 37

Essay

It was discovered by geologists that an oil deposit can produce oil commercially for 5 years. In order to develop this deposit $100 million is required in initial investment with the sale value of the equipment of $20 million at the end of the deposit's life. In addition, $4 million annually is required for operating and maintenance costs. Current price of oil is $90 per barrel. How much oil must this deposit produce per year in order to cover all the costs under 2% interest rate?

Recognize the contributions of key figures to science and political philosophy in colonial America.

Identify the components and impact of European and Native American trade interactions.

Grasp the evolution and characteristics of the political system and voting rights in colonial America.

Appreciate the role of religion and religious practices in shaping colonial American society.