Depletion Allowance - allows a deduction from gross income of up to 27% for the depletion of exhaustible resources (oil,gas,minerals).
Why the exorbitant use of exhaustible natural resources all over the world?
David Ricardo in his early works analysed the pricing of exhaustible resources, where he argued that the price of a mineral resource should increase over time.
Before the 1970s, serious attention was not given to Hotelling's views regarding economics of exhaustible resources.
In contrast to fossil fuels, which are exhaustible resources, biofuels are produced from renewable feedstocks.
One of the best known early attempts to work on the economics of exhaustible resources (incl.
In these studies Sinn developed a supply-side theory of climate change by linking climate-theory approaches with the theory of exhaustible natural resources.
Another view is that reductions in some exhaustible resources can only be partially made up for by substitutes.
Balochistan is rich in exhaustible and renewable resources; it is the second major supplier of natural gas in Pakistan.
This requires that a nation invest all rent earned from exhaustible resources currently extracted.