But even under these extreme circumstances, Iran will still need its oil revenue.

Using oil or natural gas for domestic electricity threatens oil and gas exports, which are the principle source of government revenues. Indeed, with domestic oil consumption growing at a higher rate than production, government revenues from oil exports are already in decline.

Indeed, with domestic oil consumption growing at a higher rate than production, government revenues from oil exports are already in decline.

Russians pay for this consumption from the profits of gas and oil.

If the world used less oil, Iran would become less threatening, because its radical rulers rely on oil revenues to purchase domestic support and pursue their regional goals.

For the first time in history, the government has saved excess oil earnings for the next rainy day. Foreign debt is among the lowest in Latin America compared to the size of the economy.

For the first time in history, the government has saved excess oil earnings for the next rainy day.

More of the same in Angola, where last year an IMF investigation revealed that 4 billion disappeared from Angola's treasury over the past five years. It so happens that the Angolan government borrowed a similar sum from private banks in this period, mortgaging future oil revenues as security.

Moreover, while oil export revenue is booming, the neighborhood is in revolutionary flames.

Russia will both derive large revenues from oil for many decades and can also play the role of an energy stabilizer that will be important for maintaining world peace.

Bountiful resources such as oil are a bane for democracy in developing countries, because when a government gets the revenues it needs by selling oil, it doesn t need to collect taxes.

With the costs of ousting Saddam Hussein and occupying Iraq likely to run at anywhere from 100 to 600 billion over the next decade, the US will want to internationalize Iraq's reconstruction.

Iraq's 20 billion annual oil revenues cannot meet such costs.

Under Iraq s constitution, the Kurdish region is entitled to 17 of the country s oil and gas revenues.

Suddenly, oil revenues are no longer sufficient to cover all three.

Thirty years ago, Indonesia and Nigeria both dependent on oil had comparable per capita incomes.

In the process Mexico has also shifted from being dependent on oil earnings to becoming a diversified exporter of manufactured goods.

To combat the impact of such dependence, they spend oil revenues on other sectors, leaving the oil sector with little investment.

But in a rentier economy, huge revenues from oil or external financial transfers actually create a disincentive to work.

Russia s government remains dependent on oil and gas exports for revenue, but the prices of these commodities are falling sharply.

One might think that a country that owns foreign oil can use the profits from sales to insulate its economy from high world oil prices.

It is true that income from oil and gas, which represents the bulk of government revenues, has been halved when measured in dollars.

From Oil to Information

Because, excuse me, of your stupid sale.'

Over time the paper earned a reputation for brave and honest coverage, and sales and advertising increased.

Oil revenues can be controlled by the state to be used, in part, for social programs, as in Venezuela.

Kicking the Oil Habit

Japan depends on other countries for oil.

Japan depends on other countries for oil.

Reducing oil revenues by using less oil would also weaken other international troublemakers, actual and potential Hugo Chávez of Venezuela, for example, and Vladimir Putin of Russia.

By contrast, development in the Arab world, driven largely by oil revenues, has left the population under educated and economically marginalized.

The money earned by selling these was enough.

Even in countries where oil revenues could fuel a significant amount of research, Arab rulers did not encourage such investment, with the result that their societies have not prospered as much as they might have.

Debts burden Russia's economy mightily, which will become heavier as oil export revenues fall.

Oil and natural resources revenues must be used to develop heavy industry, the main engine of any economy and which is sorely lacking in Africa.

Dictators like Saddam make their living by selling their oil, not by holding it in the ground.

Proceeds from the sales of the music collection, photography book and documentary will go in their entirety to support charities and organizations including Global Voices Online.

Algeria needs to get rid of its dependency on oil.

Several countries in the Arabian Peninsula, just across the Red Sea from the Horn, are also showing an encouraging readiness to deploy their oil earnings for emergency relief and long term development.

The citizen reporter will get revenue share on any that sales.

Returns of 20 on equity targets are a thing of the past.

Revenue and cost is a function of flow rate, our revenue is not quite simple.

Oil rich states need global networks to sell their oil, to export their capital, and to import technologies and technologists.

Bernanke also pointed to increased retirement saving by aging populations in Germany and Japan, as well as to saving by oil exporting countries, with their rapidly growing populations and concerns about oil revenues in the long term.

The last generation of Soviet leaders well understood the importance of maintaining living standards, which is why they used revenues from oil and gas exports to import consumer goods.