Antonia Juhasz, a leading activist and expert on corporations and globalization, investigates the true state of the U.S. oil industry, uncovering its virtually unparalleled influence over our elected officials, its lack of regulatory oversight, and the highest profit rates in corporate history. She offers an immediate call to action - a formula for reining in the industry, cutting down its governmental powers, environmental destruction, and movement toward war while reducing global dependence on oil - and proposes a bold yet viable answer: break up the nation's leading oil companies. Drawing on her own detailed historical research, Juhasz explores the parallels between today's companies and Standard Oil, the most powerful corporation of the early 20th century, whose stranglehold on the economy and government was broken only by the vision and persistence of activists and like-minded politicians.

Since the 1990s, Baltic-Russian relations have been amongst the most contentious on the European continent. Energy security concerns, historical legacies, and the status of Russian minorities have all proved key flash points. Baltic-Russian relations have been described as a 'litmus test' of Russia's willingness to leave behind its imperialist ambitions; simultaneously the policies of Tallinn, Riga or Vilnius towards Russia can have a direct impact on EU-Russian and NATO-Russian relations. The Baltic states share similar histories and resources, and face the same geopolitical challenges. All are dependent on Russia for energy yet, as this fascinating study reveals, they have pursued very different foreign policies towards their powerful neighbour. In The Politics of Energy and Memory between the Baltic States and Russia Agnia Grigas provides an unprecedented analysis of contemporary Baltic-Russian relations and identifies the causal factors that drive the foreign policies of the Baltic states in such divergent routes. Supported by case studies on the oil and gas sectors as well as the tug of history, this book is an invaluable resource for scholars and policy makers.

Economists have proposed a large variety of models of the oil market and this survey integrates them in a coherent framework.

Oil pulses through our daily lives. It is the plastic we touch, the food we eat, and the way we move. Oil politics in the twentieth century was about the management of abundance, state power, and market growth. The legacy of this age of plenty includes declining conventional oil reserves, volatile prices, climate change, and enduring poverty in many oil-rich countries. The politics of oil are now at a turning point, and its future will not be like its past. In this in-depth primer to one of the world s most significant industries, authors Gavin Bridge and Philippe Le Billon take a fresh look at the contemporary political economy of oil. Going beyond simple assertions of peak oil and an oil curse, they point to an industry reordered by global shifts in demand toward Asia, growing reliance on unconventional reserves, international commitments to reduce carbon emissions, a growing campaign for fossil fuel divestment, and violent political struggles in many producer states. As a new geopolitics of oil emerges, the need for effective global oil governance becomes imperative. Highlighting the growing influence of civil society and attentive to the efforts of firms and states to craft new institutions, this fully updated second edition identifies the challenges and opportunities to curtail price volatility, curb demand and the growth of dirty oil, decarbonize energy systems, and improve governance in oil-producing countries.

The oil industry is the world's largest commercial enterprise. Its extent is global; international issues are consistently influenced by considerations of oil production and consumption, while the international communications networks of the larger oil companies rival those of many nations. In this, the eighth edition of Oil and World Power, published in 1986, Peter Odell explains the complexities of this gigantic empire and its influence on the world. The far-reaching chapters discuss the U.S.A, the Soviet Union, O.P.E.C., Japan and the oil-consuming countries of the developing world. Evaluating the changing patterns of oil supply and the dramatic fall in oil prices in 1986, Odell proposes a number of forward-thinking conclusions surrounding the relationship between oil in global politics and economic development. This is an exceptionally interesting and relevant work, of great value to those with an interest in the oil industry, global power and international economic development.

Singapore might not have survived the 1960s and prospered thereafter had it not built its economy on the foundations of oil refining, trading and support for oil and gas exploration and production. Cheap oil, sound policies and strong government combined to produce the Singapore economic miracle in its first 50 years of self-rule/independence. With the end of cheap oil, how will Singapore fare and what is the relevance of its model of development for other countries? Singapore's successful launch coincided with a golden period of cheap energy, and a pro-globalization and free trade environment. These three elements are now under threat from rising energy prices and the global financial crisis which started in 2007 that will leave a lasting impact on the world's political and economic landscape. If the Singapore model is reaching or has reached its peak, what could take its place? This book poses questions for not just for Singapore planners, but also for anyone interested in modern economics and trade beyond the current era. The book also looks into the numerous subsectors within Singapore's broad energy sector and examines the energy sector's links with the other pillars of its economy: trade, financial, offshore/marine operations, manufacturing and transportation. It considers possible threats and challenges: Singapore's rising energy intensity, its vulnerability to energy supply cut-offs, the likely impact of peak oil, terrorism and environmental / climate issues. It also looks at China's growing investment and role in Singapore's oil and gas industry. The book is a must-read for an excellent insight into Singapore's energy economy, filled with data, information, interviews and analyses previously not available to the public.

Nigeria, Africa's most populous and biggest democracy, celebrates her fiftieth year as an independent nation in October 2010. As the cliche states, 'As Nigeria goes, so goes Africa'. This book frames the socio-historical and political trajectory of Nigeria while examining the many dimensions of the critical choices that she has made as an independent nation. How does the social composition of interest and power illuminate the actualities and narratives of the Nigerian crisis? How have the choices made by Nigerian leaders structured, and/or have been structured by, the character of the Nigerian state and state-society relations? In what ways is Nigeria's mono-product, debt-ridden, dependent economy fed by 'the politics of plunder'? And what are the implications of these questions for the structural relationships of production, reproduction and consumption? This book confronts these questions by making state-centric approaches to understanding African countries speak to relevant social theories that pluralize and complicate our understanding of the specific challenges of a prototypical postcolonial state. This book was published as a special issue of the Journal of Contemporary African Studies.

First published in 1969. Routledge is an imprint of Taylor & Francis, an informa company.

These days, one would have a difficult time picking up a newspaper, or watching a newscast that did not have a lead story dealing with some aspect of oil. From instability in the Middle East, to stock market crashes and concerns over the health of the world economy, to wars that seem to break out unexpectedly around the world, to discussions of global warming, and even speculation over the fate of mankind, oil is usually lurking somewhere in the background.

To many, oil markets and their linkages to a whole spectrum of events remain something of a mystery. Unfortunately, most of the easily obtained information on oil is deeply flawed. Whole web-conspiracy sites depict ruthless insiders and reckless dictators manipulating energy markets at will. The 30 essays in this volume, written by the leading experts in the field, attempt to set the record straight. While their assessments may lack the sensationalism of many popular pundits, serious readers will find their insights invaluable in the years to come in providing a framework for understanding many of the events of the day.

The volume is divided into sections. Part I provides a broad overview of the political dimensions underlying the supply of oil. Some of the key questions addressed include: is the world running out of oil? And if so, is the cause physical scarcity or political/policy failure? Why are many of the oil-producing countries in the developing world so unstable? Can oil markets be made to provide more stability to the world system? Part II examines some of the political responses to oil-related developments. Here, the key questions concern the role of the political process in the development of alternative sources of energy. The various means through which countries approach their energy security is assessed, as is the problem of climate change. The section ends with the provocative question: do governments really need to go to war for oil?

Oil production, energy markets, and the political environment produce distinct regional patterns. Part III examines oil and political power in Africa, Latin America, the Middle East and South-East Asia. Part IV expands some of the main regional themes through a series of case studies on specific countries: Iraq, Iran, Saudi Arabia, Egypt, Russia and Brazil. A final section looks to the future: will the oil curse continue for many countries? How will the growth and expansion of China affect oil prices and availabilities? Will oil-based sovereign wealth funds contribute to global stability or will they create increased political tensions between consuming and producing countries? Will volatile oil markets undermine the US dollar as well as the global financial system? Perhaps appropriately, the volume ends with an assessment of the future of oil in a carbon constrained world.

All in all, the essays in this volume cover the whole spectrum of the politics of oil. They will help shed light on this vital, yet still often misunderstood topic. The book does not represent any particular political or ideological position. Instead, each author has sought to objectively seek a deeper understanding as to the complexity and subtlety of forces that have all too often eluded policymakers around the world.

Since the beginnings of the oil industry, production activity has been governed by the 'law of capture, ' dictating that one owns the oil recovered from one's property even if it has migrated from under neighboring land. This 'finders keepers' principle has been excoriated by foreign critics as a 'law of the jungle' and identified by American commentators as the root cause of the enormous waste of oil and gas resulting from US production methods in the first half of the twentieth century. Yet while in almost every other country the law of capture is today of marginal significance, it continues in full vigour in the United States, with potentially wasteful results.

In this richly documented account, Terence Daintith adopts a historical and comparative perspective to show how legal rules, technical knowledge (or the lack of it) and political ideas combined to shape attitudes and behavior in the business of oil production, leading to the original adoption of the law of capture, its consolidation in the United States, and its marginalization elsewhere.

Many leading experts contribute to this follow-up to An Introduction to Reservoir Simulation using MATLAB/GNU Octave: User Guide for the MATLAB Reservoir Simulation Toolbox (MRST). It introduces more advanced functionality that has been recently added to the open-source MRST software. It is however a self-contained introduction to a variety of modern numerical methods for simulating multiphase flow in porous media, with applications to geothermal energy, chemical enhanced oil recovery (EOR), flow in fractured and unconventional reservoirs, and in the unsaturated zone. The reader will learn how to implement new models and algorithms in a robust, efficient manner. A large number of numerical examples are included, all fully equipped with code and data so that the reader can reproduce the results and use them as a starting point for their own work. Like the original textbook, this book will prove invaluable for researchers, professionals and advanced students using reservoir simulation methods. This title is available as Open Access on Cambridge Core.

The Routledge Handbook of the Extractive Industries and Sustainable Development provides a cutting-edge, comprehensive overview of current trends, challenges and opportunities for metal and mineral production and use, in the context of climate change and the United Nations Sustainable Development Agenda 2030. Minerals and metals are used throughout the world in manufacturing, construction, infrastructure, production of electronics and consumer goods. Alongside this widespread use, extraction and processing of mineral resources take place in almost every nation at varying scales, both in developing countries and major developed nations. The chapters in this interdisciplinary handbook examine the international governance mechanisms regulating social, environmental and economic implications of mineral resource extraction and use. The original contributions, from a range of scholars, examine the relevance of the mining industry to the United Nations Sustainable Development Goals (SDGs), reviewing important themes such as local communities Indigenous peoples, gender equality and fair trade, showing how mining can influence global sustainable development. The chapters are organised into three sections: Global Trends in Mineral Resources Consumption and Production; Technology, Minerals and Sustainable Development; and Management of Social, Environmental and Economic Issues in the Mining Industry. This handbook will serve as an important resource for students and researchers of geology, geography, earth science, environmental studies, engineering, international development, sustainable development and business management, among others. It will also be of interest to professionals in governmental, international and non-governmental organisations that are working on issues of resource governance, environmental protection and social justice.

What lies beneath the ground? Our poor eyesight cannot penetrate even an inch into the soil, so for centuries, fortune-seekers have tried every way imaginable to see below the surface. Whether searching for mineral veins, groundwater, or buried treasure, people have looked for ways to avoid the plodding and backbreaking process of digging. They have followed dreams, seers, dowsing rods, and advice from the spirit world. When petroleum became an item of commerce, oil-hunters took to all these methods. Many built homemade inventions called doodlebugs, which they said could detect underground oil. It took a while, but science finally came up with its own toolbox of oil-finding methods in the early twentieth century. Finding oil is still expensive and risky, however. The old ways? They are mostly gone, but a few oil-dowsers still stride across fields with rod or pendulum, and no doubt people still consult dreams and psychics. And don’t pretend that you yourself haven’t wondered if that dowser might be onto something, or if that famous psychic can really tell where there is oil, or if that inventor stumbled onto a better way to detect underground oil. Of course you have. History is written by the victors, and scientists won over the oil industry—rightly so. But their accounts give short shrift to the rich history of less traditional ways to find oil. Although ignored, the records of nonscientific methods and their contributions to the oil business are well worthy of study. Lacking in science, they are rich in humanity. Return with us now to those thrilling days of yesteryear . . . wait, scratch that . . . these things are still going on. Join us in a visit to a place where dreams, seers, and spooks are taken seriously, where forked twigs dip toward oil pools and homemade oil-finding gizmos blink or beep with the promise of riches tucked just below the surface of the known world.

The effort to address climate change cuts across a wide range of non-environmental actors and policy areas, including international economic institutions such as the Group of Twenty (G20), International Monetary Fund (IMF), and the Organisation for Economic Co-operation and Development (OECD). These institutions do not tend to address climate change so much as an environmental issue, but as an economic one, a dynamic referred to as 'economisation'. Such economisation can have profound consequences for how environmental problems are addressed. This book explores how the G20, IMF, and OECD have addressed climate finance and fossil fuel subsidies, what factors have shaped their specific approaches, and the consequences of this economisation of climate change. Focusing on the international level, it is a valuable resource for graduate students, researchers, and policymakers in the fields of politics, political economy and environmental policy. This title is also available as Open Access.

This book reviews and examines the relevant portions of all international treaties, cases and the national law and practice of states, in relation to international aspects of offshore oil rigs. By doing so, it offers an understanding of the legal regime surrounding oil rigs and formulates an international law framework. It investigates the issues under consideration by analyzing provisions of international law pertaining to all aspects of oil rigs, as well as international treaties and their travaux preparatoires. It also examines the national legislation of major offshore oil and gas producers and defines a framework of customary international entities such as the OSPAR and the petroleum industries of certain major offshore oil producers. Based upon the book's findings, it is clear that in spite of their increasing importance, offshore oil installations are subject to fragmentary and vague legal rules under international law.

Oil is the lifeblood of the modern world. Without it, there would be no planes, no plastic, no exotic produce, and a global political landscape few would recognise. Humanity's dependence upon oil looks set to continue for decades to come, but what is it? Fully updated and packed with fascinating facts to fuel dinner party debate, Professor Vaclav Smil's Oil: A Beginner's Guide explains all matters related to the `black stuff', from its discovery in the earth right through to the controversy that surrounds it today.

The Gulf of Mexico Basin is one of the most prolific hydrocarbon-producing basins in the world, with an estimated endowment of 200 billion barrels of oil equivalent. This book provides a comprehensive overview of the basin, spanning the US, Mexico and Cuba. Topics covered include conventional and unconventional reservoirs, source rocks and associated tectonics, basin evolution from the Mesozoic to Cenozoic Era, and different regions of the basin from mature onshore fields to deep-water subsalt plays. Cores, well logs and seismic lines are all discussed providing local, regional and basin-scale insights. The scientific implications of seminal events in the basin's history are also covered, including sedimentary effects of the Chicxulub Impact. Containing over 200 color illustrations and 50 stratigraphic cross-sections and paleogeographic maps, this is an invaluable resource for petroleum industry professionals, as well as graduate students and researchers interested in basin analysis, sedimentology, stratigraphy, tectonics and petroleum geology.

'Dripping with delicious detail' - Aditya Chakrabortty Taking the reader on a journey through North East Scotland, Merseyside, South Wales, the Thames Estuary and London, this is the story of Britain's oil-soaked past, present and future. Travelling the country, the authors discover how the financial power and political muscle of an industry built the culture of a nation from pop music to kitchen appliances, and how companies constructed an empire, extracting the wealth of the world from Iran to Nigeria and Alaska. Today, the tide seems to be going out - Britain's refineries have been quietly closed, the North Sea oilfields are declining and wind farms are being built in their place. As the country painfully shifts into its new post-industrial role in the shadow of Covid, Brexit and the climate crisis, many believe the age of oil to be over. But is it? Speaking to oil company executives and traders, as well as refinery workers, filmmakers and musicians, activists and politicians, the authors put real people at the heart of a compelling story.

This is an appraisal of current offshore industrial relations, and safety regulations instituted after the 1988 Alpha disaster in the North Sea. This text discusses the oil industry's attempts to contain subsequent, unwelcome regulatory interference, and examines the fraught history of trade unionism in the offshore industry, the conflict over health and safety, and the sometimes brutal struggle over union rights as the workforce attempted to achieve a collective voice in the reshaping of the safety and production environment. The authors conclude that, as yet, offshore safety has been little, or not at all, improved.

An invaluable reference for graduate students and academic researchers, this book introduces the basic terminology, methods and theory of the physics of flow in porous media. Geometric concepts, such as percolation and fractals, are explained and simple simulations are created, providing readers with both the knowledge and the analytical tools to deal with real experiments. It covers the basic hydrodynamics of porous media and how complexity emerges from it, as well as establishing key connections between hydrodynamics and statistical physics. Covering current concepts and their uses, this book is of interest to applied physicists and computational/theoretical Earth scientists and engineers seeking a rigorous theoretical treatment of this topic. Physics of Flow in Porous Media fills a gap in the literature by providing a physics-based approach to a field that is mostly dominated by engineering approaches.

The most utilized technique for exploring the Earth's subsurface for petroleum is reflection seismology. However, a sole focus on reflection seismology often misses opportunities to integrate other geophysical techniques such as gravity, magnetic, resistivity, and other seismicity techniques, which have tended to be used in isolation and by specialist teams. There is now growing appreciation that these technologies used in combination with reflection seismology can produce more accurate images of the subsurface. This book describes how these different field techniques can be used individually and in combination with each other and with seismic reflection data. World leading experts present chapters covering different techniques and describe when, where, and how to apply them to improve petroleum exploration and production. It also explores the use of such techniques in monitoring CO2 storage reservoirs. Including case studies throughout, it will be an invaluable resource for petroleum industry professionals, advanced students, and researchers.

Leveraging Synergies Between Refining and Petrochemical Processes provides a detailed description of the interfaces and connections between crude oil refining and petrochemicals. It offers a view of global and regional markets and economic opportunities for synergies between these sectors. Features: Shows a global and regional market outlook for crude oil refining and petrochemical sectors Explores economic and market opportunities for taking advantage of the synergies between both sectors Analyzes the technical challenges and opportunities that come with these synergies Gives an outlook and prediction of what companies will be able to achieve in the mid-term future Provides introductory and explanatory material as well as in-depth insight into future technology and market developments This book serves as a reference for professionals in chemical engineering, oil and gas engineering, and industrial chemistry. It aims to help engineers and industry professionals understand the challenges and the potential benefits of developing expansion or optimization projects that may bridge the gap between refining and petrochemicals.

Building on original research into the petroleum industry and on the theory of crimes of globalization, this book introduces the concept of Market Criminology: the criminology of preventable market-generated harms and the criminogenic effects of market rationality in variegated forms of capitalism. Ifeanyi Ezeonu explores the ascendance of the fundamentalist form of market economy in Nigeria; the complicity of the state political and security apparatuses in the corporate expropriation of the country's petroleum resource wealth; the deleterious effects of this neoliberal architecture on the local population, as well as community resistance strategies over the years. This book offers a major contribution to research on state-corporate crime and the crimes of the powerful. Key reading for scholars and students in the areas of criminology, international political economy and sociology, this book will also be rich resource for researchers and non-governmental agencies working in the areas of environmental protection, human rights and sustainable development in the Global South, especially the Sub-Saharan Africa.

For over eighty years the Arab region has derived massive wealth from its natural resources, yet the region's economies remain little diversified, while the oil market is experiencing major structural shifts with the advent of shale gas. Moreover, the resource itself is eventually exhaustible. Under these conditions economic prosperity cannot be sustainable. The critical question is how can the countries of this region escape the 'oil curse'? In this volume, leading economists argue that the curse is not a predestined outcome but a result of weak institutions and bad governance. A variety of analytical perspectives and examination of various international case studies leads to the conclusion that natural resources can only spur economic development when combined with sound political institutions and effective economic governance. This volume, with its unique focus on the Arab region, will be an important reference for researchers and policymakers alike.

The remarkable story of one man's journey to leadership of the world's largest energy company, The Caravan Goes On is the first published inside account of the workings of the corporation by a CEO and represents a significant addition to the literature on the turbulent development of the world's oil industry. Frank Jungers, former President, Chairman and CEO of the petroleum giant Aramco, tells the inside story of his three decades in Saudi Arabia (1947-1978) with the world's largest oil producing company. A North Dakota farm boy Jungers rose to the top of one of the most important hydrocarbon enterprises ever, a company that eventually found itself responsible for nearly one-quarter of the world's oil resources. He writes of his face-to-face encounters with King Faisal and other Saudi leaders, and his role in steering the company through major international crises that included the 1973 Arab-Israeli war, the dramatic oil price increases of the 1970s, the Arab oil embargo and the OPEC hostage incident of 1975. Central to Jungers' story is his role in helping to develop Aramco's Saudi workforce in preparation for the eventual transfer of company ownership from four American oil majors to the Government of Saudi Arabia. He explains the unique nature of the ownership transfer, which was remarkably different from the bitter nationalization process seen in Iraq, Libya, Iran and Venezuela. Jungers describes how Aramco and the Kingdom of Saudi Arabia in an important sense grew up together, and he highlights the crucial role played by Aramco in the development of the young nation's infrastructure and economy. The Caravan Goes On describes the origins of the petroleum industry in Saudi Arabia, with the granting of a concession in 1933 to a subsidiary of Standard Oil of California, the first of Aramco's four oil-company parents. Jungers talks of his own origins as the son of farmer in North Dakota, the family's migration westward due to drought and depression, and his engineering studies at the University of Washington. Jungers began his career in Saudi Arabia working at Ras Tanura, site of Aramco's first oil refinery and oil tanker terminal. He describes how Aramco built its initial workforce, consisting of Americans, Italians, Saudis and other nationalities; he explains how it soon became clear that the future of the Saudi oil industry belonged not with foreign oil interest but to the people of Saudi Arabia; and he relates how he and others worked to give Saudis the training and incentives needed to take over and successfully operate what would become the world's premier oil producing and exporting company. At the same time, Aramco, with its technological expertise and its access to international specialists, began playing a central role in the development of the Kingdom of Saudi Arabia. The company, with support and encouragement of the Saudi Kings, took a lead role in building healthcare, agriculture, the railroads, the electric grid and other sectors of the Saudi economy. The story of the "King Faisal Era" (including the monarch's role in the oil price issue, the Arab oil embargo and his closed-door meetings with the King and his key advisers, including Oil Minister Shaikh Ahmed Zaki Yamani) are vividly described, as well as the shock of King Faisal's tragic death and the tense moments of the OPEC hostage incident that began in Vienna and ended in North Africa. Jungers speaks of his involvement in launching Saudi Arabia's Master Gas System, now a central part of the national economy and his pivotal role in the consolidation of Saudi Arabia's electrical power grid in the Eastern Province. When he returned to Saudi Arabia in 2008 to attend the celebrations of the company's 75th anniversary he fully realized the success of the Aramco venture - how it had indeed prepared large numbers of Saudis for the responsibilities of leading their country's oil industry into a new and exciting economic era. This personal, colorful and up-close view is required reading for oil-industry watchers as well as those interested in big business, geopolitics, America's role in the Middle East and the extraordinary transformation and emergence of modern Saudi Arabia since oil was discovered in its Eastern Province.