Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix Chapter 1 INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Chapter 2 REDRAWING THE BOUNDARIES BETWEEN STATE AND COMPANY . . . 3 Chapter 3 STATE PARTICIPATION IN THE ECONOMY . . . . . . . . . . . . . . . . . . . . . 25 Chapter 4 INTERNATIONAL ECONOMIC INSTABILITY . . . . . . . . . . . . . . . . . . . . . 49 Chapter 5 THE FAILURE OF OPEC TO SECURE ECONOMIC RENTS . . . . . . . . . . 67 Chapter 6 TURNING BLACK GOLD INTO DEVELOPMENT . . . . . . . . . . . . . . . . . . 81 Chapter 7 NATIONAL OIL COMPANIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 Chapter 8 AMBITIOUS CONSOLIDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127 Chapter 9 STRATEGIC CONSOLIDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165 PREFACE This book has been kicking around my desk for quite some time. On and off I returned to my work on the role of the state in the economy and the international oil market, but for a long time I was not satisfied with the shape it was in. I understand now that I needed the insights developed over the past couple of years on the role of the state, regulation, liberalization, privatization, and the recent events in the international oil industry to bring all my ideas together in a more coherent format. It was the events that followed the Asian financial crisis that drew me back to finish writing this book. The early beginnings of this book were developed at the Institute of International Affairs, Chatham I-louse, in London, where I was a research fellow with the Energy and Environment Programme in 1992 and 1993. At the Colorado School of Mines, I had the opportunity to test my ideas in a graduate class, and continue the research.

- Provides a comprehensive introduction to the emerging interdisciplinary field of marine studies - Provides a unique social science and humanities approach to key marine challenges, including climate change, pollution and aquaculture - Includes examples of professional or academic areas of specialization within Marine Studies such as social and environmental justice, governance, traditional ecological knowledge and management, community development, conservation, and the blue economy - provide the first cohesive resource on Marine Studies to educate students, train interdisciplinary marine leaders, and build capacity for a new generation of marine-focused professionals

The first book to look at how energy companies can develop brands as they move to more sustainable energy solutions. The world is facing climate crisis, and never before has the world been looking at the energy industry to solve the delivery of power in ways that do not damage the planet. Includes insights from energy business leaders and is therefore more than an academic thesis, but a practical guide to resolving these branding and sustainability challenges.

First published in 1993, The History of the Yorkshire Miners 1881-1918 is concerned with the workers in the Yorkshire coal industry, their union, and the broader mining communities in which they lived from the formation of the Yorkshire Miners' Association in 1881 through to the end of the First World War. The period covered is of considerable importance for the consolidation of the Yorkshire Miners Union, and indeed for the building of a national miners' federation and an international miners' organisation, in both of which the role of Yorkshire's leadership was central. The decades straddling the turn of the century were characterised by volatility in the mining industry, which was reflected in a number of strikes. Carolyn Baylies traces these general processes and focuses, in detail, upon a number of episodes during which union struggles and community involvement coalesced. She explores the dynamic between district and local levels of the union, and the tensions that accompanied a progressive rationalization of bargaining machinery. This book will be of interest to students of history and sociology.

Africa's oil and gas industry is facing extraordinary circumstances. An ongoing energy transition and new efforts to decarbonize the world are weighing on oil demand. The shale revolution is exacerbating these pressures. And of course, the COVID-19 pandemic has wrought havoc on markets around the world, accelerating and intensifying existing trends. External headwinds are forcing African petroleum producers to re-examine their strategies. Conventional petroleum resources here should be globally competitive, but growth has lagged because of conditions above the ground, not below. Restrictive fiscal regimes, inefficient and carbon-intensive production, and difficulties in doing business are preventing the industry from reaching its full potential. As companies delay projects and cut costs, planned capital expenditure in 2020-2021 has fallen from $90 billion pre-COVID-19, to $60 billion now. To remain competitive, African producers and governments must adapt. But how can they do it when the economic order is being remade? The Road to Recovery addresses these challenges head-on, detailing all of the major challenges facing African oil and gas stakeholders, as well as workable solutions that will keep the industry on a strong and stable growth path. Again and again, our oil and gas sector has proven its resilience and adaptability. The world still needs oil and gas, and Africa still holds enormous untapped potential. The African Energy Chamber will remain a committed partner of choice for the industry as we advance into an uncertain future.

You hold in your hands the most original guide to understanding the oil and gas world - from exploration and production to the related economics and geopolitics. Tim Daley has spent years travelling the world and living as an expatriate in a quest to secure resources and meet humanity's energy demands. After several decades in the hydrocarbon business, he was keen to write a book about his experiences in an easily accessible language, enabling everyone to grasp the technicalities involved in evaluating the resources that lie beneath our feet. If you want to learn how hydrocarbons are discovered and produced, Tim's explanations have the added colour of vivid descriptions of the sites discussed and allow you to meet some of the most important characters in the industry, and to gain new insights into this global industry. In addition, the depictions of key events and locations add an element of national politics and travelogue feel. This book is intended for all members of the general public interested in how hydrocarbon resources are discovered, providing a concise account of how oil geologists view the subsurface, and illustrated by the author's personal experiences in countries around the world. The book will also be of interest to ex-oil industry workers, allow geologists to compare the author's experiences to their own, and provide non-geologists essential insights into how the oil is won. Written in an informal style, it makes for a relaxing yet informative reading experience.

Conversations about energy law and policy are paramount, undergoing new scrutiny and characterizations. Energy Follies: Missteps, Fiascos, and Successes of America's Energy Policy explores how a century of energy policies, rather than solving our energy problems, often made them worse; how Congress and other federal agencies grappled with remedying seemingly myopic past decisions. Sam Kalen and Robert R. Nordhaus investigate how misguided or naive energy policy decisions caused or contributed to past energy crises, and how it took years to unwind their effects. This work recounts the decades-long struggles to move to market supply and pricing policies for oil and natural gas in order to make competition work in the electric power industry and to tame emissions from the coal fleet left to us by the 1970s coal policies. These historic policies continue to present struggles, and this book reflects on how future challenges ought to learn from our past mistakes.

This pathbreaking survey analyzes a complex subject and is especially timely at this critical juncture of international affairs. Abbas Alnasrawi covers the field from the emergence of modern Arab economic dependence to the present mid-eastern impasse. Alnasrawi contends that Arab economic development was shaped by Arab nationalist thought, the emergence of the oil industry in the Arab region, and the integration of Arab economies into the international economic system. The volume takes a clear-sighted look at the evolution of each of the three forces and details their impact on the development of the Arab economies, along with their present status. The contradictions between the needs of the single state and the needs of Arab economic integration, Arab unity, and pan-Arab economic planning receive special attention. Alnasrawi develops the concept of derivative dependency, illustrating the extent to which the economies of the non-oil states are being affected by what happens to the economies of the oil-producing states. The final chapter presents a detailed picture of the forces that led to the Iraqi invasion of Kuwait and integrates the events of August 1990 with the main themes of the book. Arab economic development is addressed in ten chapters that cover the period from the first phase of Arab dependency during the Ottoman period, 1500-1800, until the present time. Discussions of Arab dependency in the context of world capitalism, the emergence of modern Arab nationalism, and current Arab economic thought and writings are the focus of the first two chapters. Arab nationalism and Arab economic unity, multinational oil and the deepening of Arab dependency, and the Arab oil "weapon" areconsidered in the next three chapters. Chapter six examines the role of Saudi Arabia and the United States in the fall of OPEC. In "The 1980s, The Gulf War, and the Myth of Arab Oil Power," Alnasrawi explores the role of stockpiles, price revolution to price collapse, and the determinants of Saudi oil policy. Chapter eight takes a look at the dimensions of Arab economic dependency and closes with some observations on the political economy of Arab dependency. The book concludes with a chapter on the current problems of the Arab economies and their future prospects. Finally, the epilogue sheds new light on the present situation in Kuwait and shows how the Iraqi invasion supports the main themes of the volume. This in-depth review of Arab economic development puts this subject into a manageable context for students of Third World development, international relations, multinational oil policy, and foreign policy. It will also be an invaluable resource for courses dealing with the economics of oil, Middle East economic development, international economic problems, and international political economy.

This book investigates the overall natural gas reform performance of Turkey, addressing both shortfalls and setbacks that have prevented Turkey from the fulfillment of the regulatory implementation since 2001, and how the prospectively liberalised natural gas market can effectively operate at all levels. Although eighteen years have passed since the introduction of the first legislation as a basis for a more liberalised Turkish natural gas market, the completion of the reform process still suffers from a lack of enforcement. The book offers recommendations to address this, the main one being that policy makers should give due consideration to the consolidation of EMRA's independent role with appropriate safeguards laid out to prevent attempts of regulatory misuse. The book concludes by suggesting that there is a compelling need to move forward with a consolidated reform sooner rather than later if Turkey genuinely wishes to take a leadership position in the race to become an efficient gas hub and be part of Europe's single energy market.

Introduces fundamentals of nanomaterials from renewable resources, including processing and characterization Covers nanomaterials for applications in food and packaging, including nanocellulose, lignin- and chitosan-based nanomaterials, and nanostarch Discusses applications in energy conservation, such as supercapacitors, electrolyte membranes, energy storage devices, and insulation Describes environmental uses such as water remediation and purification and oil spill clean-ups Highlights advantages and challenges in commercialization of green nanoparticle-based materials

Stabilization of atmospheric concentrations of greenhouse gases to safe levels will require, at least in the longer term, some kind of technological revolution. This, in turn, can only be achieved through investments in the research, development and demonstration (RD&D) of carbon-free energy technologies. Innovation under Uncertainty presents original research and insights on the uncertain future of carbon-free energy technologies. The authors, by means of structured interviews with technology experts, portray a probabilistic landscape of future technologies' costs, potentials and limits to diffusion.This book collates the results of interviews with more than a hundred and twenty energy technology experts on a wide range of topics, from the impact of public European RD&D investment on the future cost of different low-carbon energy technologies to issues such as technological and diffusion barriers. The results offer important and concrete insights and recommendations concerning the potential role for public expenditure in innovation to bring clean generation technologies to the market. This unprecedented collection of qualitative and quantitative estimates will be invaluable to academics and policy makers drafting future energy policies, and integrated assessment and energy modelers characterizing the future development of different technological options. Contributors: L. Aleluia, V. Bosetti, M. Bunn, M. Catenacci, L.A. Diaz, G. Fiorese, A. Lee, E. Verdolini,

Building on insights from ecological economics and philosophy of technology, this book offers a novel, interdisciplinary approach to understand the contradictory nature of Solar photovoltaic (PV) technology. Solar photovoltaic (PV) technology is rapidly emerging as a cost-effective option in the world economy. However, reports about miserable working conditions, environmentally deleterious mineral extraction and toxic waste dumps corrode the image of a problem-free future based on solar power. Against this backdrop, Andreas Roos explores whether 'ecologically unequal exchange' - an asymmetric transfer of labour time and natural resources - is a necessary condition for solar PV development. He demonstrates how the massive increase in solar PV installation over recent years would not have been possible without significant wage/price differences in the world economy - notably between Europe/North America and Asia- and concludes that solar PV development is currently contingent on environmental injustices in the world economy. As a solution, Roos argues that solar technology is best coupled with strategies for degrowth, which allow for a transition away from fossil fuels and towards a socially just and ecologically sustainable future. This book will be of great interest to students and scholars of solar power, philosophy of technology, and environmental justice.

This book helps power industry executives to systematically navigate the complex technological and organizational changes necessary to recreate power grids. This is especially pertinent in the current environment characterized by volatility, uncertainty, complexity, and ambiguity conditions. Across the globe, the electric power sector is facing many forces of change as it transitions from a fossil-based system to cleaner sustainable resources. Leaders in the power sector face unprecedented challenges in responding to these changes while continuing to provide safe, reliable, clean, and affordable electricity. Recognizing that historical and existing ways will not work, Jagoron Mukherjee and Marco C. Janssen present a new paradigm for industry leaders to tackle some of the key questions to determine the best path forward: What will the business be like in the future? What technologies will likely prevail? How should my company respond to constant change? How expensive will the transition be? Will the customer expectations be met? How fast do we need to change? Drawing on well-known management principles, the book helps industry leaders to provide a methodology to tackle these questions and sharpen their decisions as they embrace innovation, new customer expectations and digitization in their efforts to steer the energy transition. Taking a holistic problem-solving approach, which addresses the power company as a whole, Recreating the Power Grid will be a valuable resource for all professionals working in this quickly evolving field.

This book is a compilation of the knowledge shared and generated so far in the IWA Digital Water Programme. It is an insightful collection of white papers covering best practices, linking academic and industrial studies/insights with applications to give real-world examples of digital transformation. These White Papers are designed to help utilities, water professionals and all those interested in water management and stewardship issues to better understand the opportunities of digital technologies. This book covers a plethora of topics including: Instrumentation and data generation Artificial intelligence and digital twins The digital transformation and public health Mapping the digital transformation journey into the future With these topics, the aim is to present an all-encompassing reference for practitioners to use in their day-to-day activities. Through the Digital Water Programme, the IWA leverages its worldwide member expertise to guide a new generation of water and wastewater utilities on their digital journey towards the uptake of digital technologies and their integration into water services.

This second edition of Fundamentals of Open Channel Flow focuses on theory followed by clear, fully-solved examples, and practical computational tools such as spreadsheets and industry standard software. It builds on a foundation in fluid mechanics and offers the basics of a first course in open channel flow for senior undergraduates or graduate students: energy, momentum, friction, and gradually varied flow, both qualitative and quantitative. This edition provides more coverage of design applications, including culvert design, a wider range of channel shapes, and an update of the US Corps of Engineers' HEC-RAS program. It shows how a few simple equations can solve a range of basic problems. The energy-depth and momentum-depth relationships are examined graphically and the book's website offers unique animations showing actual flow dynamics of some transient flow problems, as well as solutions to end-of-chapter problems and PowerPoint slides for instructors.

Multinational Enterprise and Transnational Regions offers an innovative approach to the study of the history of transnational economic regions. The Rhine valley is such a region comprising the cities and areas along the Rhine river and its tributaries. The transition from coal to oil that unfolded between 1945 and 1973 rapidly transformed the region, shattering some of the old river-based connections and creating new ones with the introduction of large-scale cross-border oil pipelines. Multinational enterprises shaped these new regional connections but divergent national government responses gave rise to differentiated development in different parts of the Rhine valley. Multinational Enterprise and Transnational Regions argues that processes of regional change should be understood from transnational interconnections rather than from local or national perspectives. This book uses a transnational business history methodology to tease out the region's transformation and to circumvent the national bias in public sources. It will be of relevance to academics and researchers with an interest in regional and transnational European history, international business, environmental history, and business history, as well as practitioners interested in the oil industry, energy and energy history, business history and international business, and associated disciplines.

Examines U.S. relations with the member nations of NATO, explains U.S. opposition to the Siberian pipeline project, and assesses European willingness to ignore U.S. objections.

Drawing on a range of global case studies, Market Distortions in Privatisation Processes illustrates the ways in which market distortions damaged the ability of privatisation processes to yield concrete benefits to consumers. The book compares and contrasts privatisations of state-owned enterprises around the world where competition informed the regulatory design and thus liberated consumer welfare. In particular, the cases are drawn from the electricity and gas sector, the telecoms industry, and postal services - each of which has been frequently privatised in different context. For each industry, the book explores the UK and US experiences as well as looking at international cases from both developed and developing countries including, where appropriate, Japan, Colombia, Romania and Mexico. The emphasis is on analysing the impact that market distortions have had on the outcomes of those privatisations. The book also looks at how public service objectives were achieved and how they too can be designed in pro-competitive or anti-competitive ways. This book will be of significant interest to readers in international business, economics, and law.

This book addresses the rapidly changing citizen roles in innovation, technology adoption, intermediation, market creation, and legitimacy building for low-carbon solutions. It links research in innovation studies, sustainability transitions, and science and technology studies, and builds a new approach for the study of user contributions to innovation and sociotechnical change. Citizen Activities in Energy Transition gives detailed and empirically grounded overall appraisal of citizens' active technological engagement in the current energy transition, in an era when Internet connectivity has given rise to important new forms of citizen communities and interactions. It elaborates a new way to study users in sociotechnical change through long-term ethnographic and historical research and reports its deployment in a major, decade-long line of investigation on user activities in small-scale renewables, addressing user contributions from the early years to the late proliferation stages of small-scale renewable energy technologies (S-RETs). It offers a much-needed empirical and theoretical understanding of the dynamics of the activities in which users are engaged over the course of sociotechnical change, including innovation, adoption, adjustment, intermediation, community building, digital communities, market creation, and legitimacy creation. This work is a must-read for those seeking to understand the role of users in innovation, energy systems change and the significance of new digital communities in present and future sociotechnical change. Academics, policymakers, and managers are given a new resource to understand the "demand side" of sociotechnical change beyond the patterns of investment, adoption, and social acceptance that have traditionally occupied their attention.

Water is a precious resource essential for all forms of life, and although there is plenty of water to meet the demand for the present population - and even for a projected population of 9 billion - there is significant spatial and temporal variation in its distribution. This results in water rich and water poor countries, water-related conflicts, and unsafe drinking water, a major killer identified by the World Health Organization (WHO). Water for Life: Drinking Water, Health, Food, Energy Nexus covers these issues, highlighting the multi-facted uses and importance of water in life: water resources, chemistry of water, drinking water, and the links between water and health, food, irrigation, soil, energy, transport, industry, recreation, disasters, and conflicts. The book is accessible and clear, with technical elements. It is ideal as a background supplementary text to support more specialist study across civil engineering, geography, and social sciences, and will guide readers to see the big picture of environmentally sustainable water management for all human and other biotic lives.

From the 1890s to the 1960s, U.S. steel makers imported more than 70 million tons of high-grade manganese ore, a ferroalloy indispensable to steel production but rare in the United States. Using a commodity approach to highlight the webs of interest and conflict over raw materials that studies of bilateral diplomacy often overlook, Priest reveals the interconnected histories of far-flung mining regions around the globe and the unexamined role of the major U.S. steel companies in the U.S. search for foreign materials. The big manganese mines would emerge first in Brazil, Soviet Georgia, and India, and later in Gabon and South Africa, in a world market that was extremely competitive and inherently unstable.

Market instability, caused in part by consumer control over the manganese trade, stimulated direct U.S. investments in mining beginning in the 1920s. During the 1930s and 1940s, concerns about access to manganese increasingly shaped U.S. mineral and foreign lending policies, which by the Cold War focused on supporting infrastructure development linked to strategic mining districts. Big manganese projects in Brazil and Gabon, undertaken by Bethlehem and U.S. Steel, respectively, dramatically restructured world supply and demonstrated the ways in which U.S. investment and aid imposed an export orientation in producing nations and widened the gulf between industrial and extractive regions of the world.

'Clear-eyed and illuminating.' Henry Kissinger, former Secretary of State and National Security Advisor 'A rich, superbly researched, balanced history of the modern Kingdom of Saudi Arabia.' General David Petraeus, former Commander U.S. Central Command and Director of the Central Intelligence Agency 'Destined to be the best single volume on the Kingdom.' Ambassador Chas Freeman, former U.S. Ambassador to Saudi Arabia and Assistant Secretary of Defense 'Should be prescribed reading for a new generation of political leaders.' Sir Richard Dearlove, former Chief of H.M. Secret Intelligence Service (MI6) and Master of Pembroke College, Cambridge. Something extraordinary is happening in Saudi Arabia. A traditional, tribal society once known for its lack of tolerance is rapidly implementing significant economic and social reforms. An army of foreign consultants is rewriting the social contract, King Salman has cracked down hard on corruption, and his dynamic though inexperienced son, the Crown Prince Mohammad bin Salman, is promoting a more tolerant Islam. But is all this a new vision for Saudi Arabia or merely a mirage likely to dissolve into Iranian-style revolution? David Rundell - one of America's foremost experts on Saudi Arabia - explains how the country has been stable for so long, why it is less so today, and what is most likely to happen in the future. The book is based on the author's close contacts and intimate knowledge of the country where he spent 15 years living and working as a diplomat. Vision or Mirage demystifies one of the most powerful, but least understood, states in the Middle East and is essential reading for anyone interested in the power dynamics and politics of the Arab World.

'Fascinating revelations' Max Hastings, Sunday Times 'An immensely valuable guide to a great and terrible industry' The Economist 'The book I have long been waiting for... Essential reading' Michael Klare Petroleum has always been used by humans: as an adhesive by Neanderthals, as a waterproofing agent in Noah's Ark and as a weapon during the Crusades. Its eventual extraction from the earth in vast quantities transformed light, heat and power. A Pipeline Runs Through It is a fresh, in-depth look at the social, economic, and geopolitical forces involved in our transition to the modern oil age. It tells an extraordinary origin story, from the pre-industrial history of petroleum through to large-scale production in the mid-nineteenth century and the development of a dominant, fully-fledged oil industry by the early twentieth century. This was always a story of imperialist violence, economic exploitation and environmental destruction. The near total eradication of the Native Americans of New York, Pennsylvania and Ohio has barely been mentioned as a precondition for the emergence of the first oil region in the United States. The growth of Royal Dutch-Shell involved the genocidal subjugation of people of the Dutch East Indies and the exploitation of oil in the Middle East arose seamlessly out of Britain's prior political and military interventions in the region. Finally, in an entirely new analysis, the book shows how the British navy's increasingly desperate dependence on vulnerable foreign sources of oil may have been a catalytic ingredient in the outbreak of the First World War. The rise of oil has shaped the modern world, and this is the book to understand it.