Stealth Taxes

Stealth Taxes

What are Stealth Taxes? Stealth taxes are a type of tax levy. The defining feature of a stealth tax is that the formal taxpayer passes the cost of the tax along to others via higher expenses or lower payments, and the ultimate payer of the tax is unaware they shoulder the burden. Governments use stealth

Steam-Assisted Gravity Drainage (SAGD) Definition

Steam-Assisted Gravity Drainage (SAGD) Definition

What Is Steam-Assisted Gravity Drainage (SAGD)? Steam-assisted gravity drainage (SAGD) is a drilling technique used to extract heavy crude oil which is buried too deep or otherwise burdensome to access. Its location makes it economically inefficient to mine using traditional methods. There are several variations of the SAGD process, but Butler, McNab, and Lo developed the

Steam-Oil Ratio Defined

Steam-Oil Ratio Defined

What Is the Steam-Oil Ratio? The steam-oil ratio is a metric used to assess the efficiency of thermal enhanced oil recovery (EOR) techniques. Specifically, it relates to EOR methods that utilize steam injections to retrieve oil from underground reservoirs. A low steam-oil ratio shows that relatively little steam is required to produce a barrel of

Standardization: Review

Standardization: Review

What Is Standardization? Standardization is a framework of agreements to which all relevant parties in an industry or organization must adhere to ensure that all processes associated with the creation of a good or performance of a service are performed within set guidelines. Standardization ensures that the end product has consistent quality and that any