Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon


    26℃ - 32℃

  • weather-icon


    25℃ - 32℃

  • weather-icon


    25℃ - 31℃

  • weather-icon


    26℃ - 30℃

Turning petro dollars back on: A game theory approach

  • Darmawan Prasodjo, Arcandra Tahar, and Erwinsyah Putra

Durham, North Carolina | Tue, October 4 2011 | 05:00 am

PREMIUM Oil and gas exploration is booming worldwide due to prices increasing to around US$100 a barrel. The revenue generated by this price is helping some, but for Indonesia’s dwindling oil sector and increasing domestic demand, oil subsidies are increasing by 35 percent, or roughly $15 billion.

Although Indonesia has worked hard to expand economic activity in other industries, petroleum still...