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A store of value is an asset that retains its value and does not depreciate. Gold and other precious metals are a good store of value because their shelf life is practically unlimited. The national currency must be a reasonable store of value in order for its economy to function smoothly. Arab League
September 25, 2022 The League of Arab States is a regional multinational organization of the Arabic-speaking countries of the African and Asian continents. Gold Bug
September 25, 2022 A gold bug is one who explains the value of gold as an investment and thinks that its price will constantly rise. Gold Certificate
September 25, 2022 The United States issued gold certificates, the face value of which was identical to their face value in dollars, from 1879 to 1934, when the country abandoned the gold standard. Gold Standard
September 25, 2022 The gold standard is a monetary system backed by the value of physical gold. Krugerrands
September 25, 2022 Krugerrands are South African gold coins minted in 1967.# London Metal Exchange (LME)
September 25, 2022 The London Metal Exchange (LME) is one of the largest commodity exchanges in the world. Platinum
September 25, 2022 Platinum is a metal used in jewelry, cars and electronics. 1979 Energy Crisis
September 25, 2022 The 1979 energy crisis was one of two oil price shocks in the 1970s - the other was in 1973. 3P Oil Reserves
September 25, 2022 Category 3P oil reserves represent the total amount of estimated reserves, including all proved and unproved reserves to which the company has access. Agribusiness
September 25, 2022 Agribusiness is a combination of the words “agriculture” and “business” and refers to any business related to agriculture and commercial activities related to agriculture. Barrel Of Oil Equivalent (BOE)
September 25, 2022 A barrel of oil equivalent (BOE) is a way of standardizing natural gas and other energy resources against a barrel of oil energy. Crude Oil
September 25, 2022 Crude oil is a raw natural resource that is extracted from the earth and processed into products such as gasoline, jet fuel and other petroleum products. Downstream Operations
September 25, 2022 Refining operations are processes associated with the transformation of oil and gas into final products. Estimated Ultimate Recovery (EUR)
September 25, 2022 Estimated ultimate recovery (EUR) refers to the potential production expected from an oil well or field. Exchange of Futures for Physical (EFP)
September 25, 2022 Futures to Physical Exchange (EFP) allows one party to exchange a futures contract for the actual underlying asset. GSCI (S&P)
September 25, 2022 The S&P GSCI is a benchmark commodity index that tracks the performance of the global commodity market. Gemology
September 25, 2022 Gemology is the science of identifying gemstones.# Gross Processing Margin (GPM)
September 25, 2022 Gross Processing Margin (GPM) is the difference between the cost of a commodity and the revenue generated after the commodity has been sold as a finished product. Hardening
September 25, 2022 In the financial arena, the term hardening is commonly used to refer to a period of rising prices and decreasing volatility, especially in commodity trading. Held by Production Clause
September 25, 2022 Mining regulations allow oil, gas and minerals miners to renew land leases after they expire while mines are still productive. Hoarding
September 25, 2022 Accumulation is the purchase of a large quantity of a commodity by a speculator with the intention of capitalizing on future price increases.# Horizontal Well
January 1, 1 Horizontal well is a method of directional drilling. Hotelling's Theory
September 25, 2022 Hotelling theory determines the price or yield at which the owner of a non-renewable resource will extract it and sell it, rather than leave it and wait. Hubbert Curve
September 25, 2022 The Hubbert Curve is a method for predicting the performance of any finite resource. Hydrocarbon
September 25, 2022 Hydrocarbons are chemical compounds that are used as the basis for the vast majority of the world’s energy production.