Petroleum

Petroleum Raw material Energy

Production101 million bbl p.a.

Exports67.4 million bbl

Value per barrel✦42.3

Revenue✦4.28 bn

Value added✦4.18 bn

Surplus✦662 m

Per barrel:
Labour ✦0.441 (S_f 2.76)
Materials ✦0
Capital ✦17.4
Energy ✦1
Surplus ✦23.5

Whole chain per barrel: 0.01 labour hours, 20 kWh.

Formula

A.C. = w₀L_hS_f Labour ✦0.441 Shadow wage w₀ ✦16 an hour × L_h 0.01 hours per barrel × skill factor S_f 2.76 S_f for energy: training ✦60,000 against ✦45,000, queue 30 hours against 48 + Σ q_iP_irλ_i Materials ✦0 A raw material, with no recipe inputs. + (D + M_o)α_e Capital ✦17.4 Depreciation and maintenance ✦12 per barrel × financing 1.45 × waste factor α_e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. α_e is 1.00 when maintenance hours and defects are on target. + Ep_e Energy ✦1 E 20 kWh per barrel × p_e ✦0.05 per kWh = ✦18.8

A.V. = rP*_world Accounted value ✦42.3 per barrel World price $30 per barrel less freight and insurance 6% = P* $28.2 × r 1.5 crowns per US dollar Export parity: the price at the Commonwealth border for a good it sells abroad. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦42.3

Revenue = A.V. × Q Accounted revenue ✦4.28 bn p.a. Domestic: 33.7 million bbl × ✦42.3 = ✦1.43 bn Exports: 67.4 million bbl × ✦42.3 = ✦2.85 bn = ✦4.28 bn

Surplus = (A.V. − A.C.) × Q − levies Accounted surplus ✦662 m p.a. Revenue ✦4.28 bn − cost ✦18.8 × 101 million bbl = ✦2.37 bn Export charges ✦1.71 bn: 60% of export revenue (hydrocarbon levy and permit fee) Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦662 m

Made here

Supplies or uses it

Inputs arriving

Output leaving

Made by

Commonwealth Oil
- Arctic Fleet Base
- Kala Warm North Basin
- Kala Cold South Basin
- Suda Mega Basin
- Americas Basin
- Arctic Rainbow Gas Basin
- Sude Antarctic Offshore Station
- Annobon Sub-Basin

Output

Chemicals ✦475 m Plastics ✦314 m Synthetic Rubber ✦76.1 m Asphalt ✦44.9 m Lubricants ✦33.3 m Solvents ✦25 m Candles ✦3.33 m Final domestic use ✦455 m

Made from per barrel

A raw material: no recipe inputs.

Used in p.a.

Petroleum101 million bbl✦4.28 bn100%
- Chemicals11.2 million bbl✦475 m11.1%
  - Pulp219,200 t✦141 m9.75%
  - Detergents112,400 t✦72.3 m5%
  - Paper59,010 t✦38 m2.62%
  - Cleaning Supplies56,200 t✦36.2 m2.5%
  - Dyes & Pigments56,200 t✦36.2 m2.5%
  - Pharmaceuticals54,800 t✦35.3 m2.44%
  - Paints42,150 t✦27.1 m1.88%
  - Cultured Protein35,130 t✦22.6 m1.56%
  - Adhesives33,720 t✦21.7 m1.5%
  - Fabric28,100 t✦18.1 m1.25%
  - Leather22,480 t✦14.5 m1%
  - Electronic Components13,170 t✦8.48 m0.586%
  - Cosmetics12,650 t✦8.14 m0.563%
  - Textiles10,820 t✦6.96 m0.481%
  - Toothpaste8,992 t✦5.79 m0.4%
  - Shampoo8,430 t✦5.43 m0.375%
  - Photographic Chemicals2,248 t✦1.45 m0.1%
  - Explosives1,686 t✦1.09 m0.075%
  - First Aid Supplies1,124 t✦723,4060.05%
  - Magnetic Tape562 t✦361,7030.025%
  - Matches281 t✦180,8520.0125%
- Plastics7.42 million bbl✦314 m7.33%
  - Electronic Components79,030 t✦66.3 m8.52%
  - Storage Containers35,410 t✦29.7 m3.82%
  - Appliances33,720 t✦28.3 m3.64%
  - Electrical Wire33,720 t✦28.3 m3.64%
  - Cleaning Supplies22,480 t✦18.9 m2.42%
  - Toys & Games22,480 t✦18.9 m2.42%
  - Sporting Goods21,080 t✦17.7 m2.27%
  - Automobiles16,860 t✦14.1 m1.82%
  - Vinyl Records14,750 t✦12.4 m1.59%
  - Consumer Electronics13,910 t✦11.7 m1.5%
  - Medical Devices13,490 t✦11.3 m1.45%
  - Bicycles & Pedal Motors11,800 t✦9.9 m1.27%
  - Photo-electric Computers6,963 t✦5.84 m0.751%
  - Fishing Equipment6,744 t✦5.66 m0.727%
  - Rope & Cordage4,215 t✦3.54 m0.455%
  - Sanitary Products3,372 t✦2.83 m0.364%
  - Telecommunications3,372 t✦2.83 m0.364%
  - Shampoo2,810 t✦2.36 m0.303%
  - Brooms & Brushes2,529 t✦2.12 m0.273%
  - Laboratory Supplies2,529 t✦2.12 m0.273%
  - First Aid Supplies2,248 t✦1.89 m0.242%
  - Magnetic Tape2,248 t✦1.89 m0.242%
  - Pens & Pencils2,248 t✦1.89 m0.242%
  - Sewing Supplies2,248 t✦1.89 m0.242%
  - Toothpaste2,248 t✦1.89 m0.242%
  - Record Players1,405 t✦1.18 m0.152%
  - Toothbrushes1,124 t✦942,6990.121%
  - Photographic Film984 t✦824,8610.106%
  - Umbrellas843 t✦707,0240.0909%
  - Prosthetics562 t✦471,3490.0606%
  - Razors562 t✦471,3490.0606%
  - Calculating Machines28.1 t✦23,5670.00303%
  - Spectacles6.74 t✦5,6560.000727%
- Synthetic Rubber1.8 million bbl✦76.1 m1.78%
- Asphalt1.06 million bbl✦44.9 m1.05%
  - Roofing Materials126,500 t✦56.5 m75%
- Lubricants786,800 bbl✦33.3 m0.777%
- Solvents590,100 bbl✦25 m0.583%
  - Paints42,150 t✦30 m50%
  - Printing Ink7,025 t✦5 m8.33%
  - Art Materials843 t✦600,0471%
- Candles78,680 bbl✦3.33 m0.0777%
Final domestic use 10.8 million bbl ✦455 m 10.6%
Exports 67.4 million bbl ✦2.85 bn 66.6%

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