The global crude oil market is critically important in many respects. It is the fuel that drives the global economy and, as such, is the focus of climate policies. Moreover, crude oil is the basis of a tradable financial asset. It is therefore connected to several outstanding macroeconomic developments of recent years, including financial market fluctuations, the financial crisis and the exceptional conduct of monetary policy. This book investigates the impacts of monetary policy and the financial system on the global crude oil market. Furthermore, it outlines how monetary policy may also be used to guarantee stability and to contribute to ecological sustainability. This unique and innovative book will appeal to students and economists interested in macroeconomics, the environment, energy and monetary policy. It will also be essential reading for policy makers and those interested in economic policy that will benefit both society and the environment.

This book provides an overview of crude oil refining processes and presents a deep analysis of the current context and challenges imposed on players in the downstream industry. Crude Oil Refining: A Simplified Approach covers traditional processes of the refining industry, the impact of current trends, and technological routes available to help these players survive in a highly competitive environment. FEATURES Offers a simplified approach to crude oil refining processes Discusses economic information related to the downstream business, including refining margins and profitability Introduces newer trends in the industry, such as petrochemical integration, crude-to-chemicals refineries, and renewables coprocessing in crude oil refineries Presents the challenges related to these new trends and offers technological solutions to overcome them for profitable and sustainable operations Describes how the use of biofuels can minimize the environmental impact of transportation fuel in nations of high demand like Brazil Offering a contemporary view of current challenges and opportunities in the downstream oil and gas business, this practical book is aimed at readers working in the fields of petroleum and chemical engineering.

This book is the latest in a series of respected volumes that provides an up-to-date review of some of the major chemistry topics related to the oil and gas industry. Divided into four sections, it looks in turn at the latest developments in environmental issues, new technology, applications and flow assurance. This reflects the increasingly important role for chemical technologies in offshore, deep water and challenging environments, allied to developments of low environmental impact chemistry. Regulatory strategies are also discussed, from both the governmental and operational perspective. Overall, Chemistry in the Oil Industry VII presents the latest information on developments in the modern oil industry, which will have an impact on future cost-effectiveness and efficiency. It will be a valuable resource for professionals and consultants within the industry, as well as government agencies and laboratory staff.

Are oil-rich countries prone to war? And, if so, why? There is a widely held belief that contemporary wars are motivated by the desire of great powers like the United States or Russia to control precious oil resources and to ensure energy security. This book argues that the main reason why oil-rich countries are prone to war is because of the character of their society and economy. Sectarian groups compete for access to oil resources and finance their military adventures through smuggling oil, kidnapping oil executives, or blowing up pipelines. Outside intervention only makes things worse. The use of conventional military force as in Iraq can bring neither stability nor security of supply. This book examines the relationship between oil and war in six different regions: Angola, Azerbaijan, Colombia, Indonesia, Nigeria and Russia. Each country has substantial oil reserves, and has a long history of conflict. The contributors assess what part oil plays in causing, aggravating or mitigating war in each region and how this relation has altered with the changing nature of war. It offers a novel conceptual approach bringing together Kaldor's work on 'new wars' and Karl's work on the petro-state.

This timely study is the first to examine the relationship between competition for energy resources and the propensity for conflict in the Caspian region. Taking the discussion well beyond issues of pipeline politics and the significance of Caspian oil and gas to the global market, the book offers significant new findings concerning the impact of energy wealth on the political life and economies of Azerbaijan, Kazakhstan, and Turkmenistan. The contributors, a leading group of scholars and policymakers, explore the differing interests of ruling elites, the political opposition, and minority ethnic and religious groups region-wide. Placing Caspian development in the broader international relations context, the book assesses the ways in which Russia, China, Iran, and Turkey are fighting to protect their interests in the newly independent states and how competition for production contracts and pipeline routes influences regional security. Specific chapters also link regional issues to central questions of international politics and to theoretical debates over the role of energy wealth in political and economic development worldwide. Woven throughout the implications for U.S. policy, giving the book wide appeal to policymakers, corporate executives, energy analysts, and scholars alike.

Any understanding of the complex politics of the post-Soviet Caucasus presupposes an understanding of the relationship between the transportation of Azerbaijan's oil, inter-state relations and ethnic conflicts. Energy and Security in the Caucasus is a contribution to the debate revolving around the geo-politics of the Caucasus.

Fuel Taxes and the Poor challenges the conventional wisdom that gasoline taxation, an important and much-debated instrument of climate policy, has a disproportionately detrimental effect on poor people. Increased fuel taxes carry the potential to mitigate carbon emissions, reduce congestion, and improve local urban environment. As such, higher gasoline taxes could prove to be a fundamental part of any climate action plan. However, they have been resisted by powerful lobbies that have persuaded people that increased fuel taxation would be regressive. Reporting on examples of over two dozen countries, this book sets out to empirically investigate this claim. The authors conclude that while there may be some slight regressivity in some high-income countries, as a general rule, fuel taxation is a progressive policy particularly in low income countries. Rich countries can correct for regressivity by cutting back on other taxes that adversely affect poor people, or by spending more money on services for the poor. Meanwhile, in low-income countries, poor people spend a very small share of their money on fuel for transport. Some costs from fuel taxes may be passed on to poor people through more expensive public transportation and food transport. Nevertheless, in general the authors find that gasoline taxes become more progressive as the income of the country in question decreases. This book provides strong arguments for the proponents of environmental taxation. It has immediate policy implications at the intersection of multiple subject areas, including transportation, environmental regulation, development studies, and climate change. Published with Environment for Development initiative.

In Kazakhstan, the oil industry plays a crucial role in its economic and political life due to the country's considerable oil revenues and accompanying conflicting interests. As an arena of political struggle, this industry provides a good test case for uncovering regime maintenance techniques. This book examines the ways in which the post-Soviet Kazakh regime has managed to sustain itself in power, and the regime maintenance techniques it has used in the process of establishing and upholding its position. It scrutinizes the tools that the Kazakh regime employed in order to bring the country's oil industry under its control and, while doing so, shifts the emphasis from the prevalent zhuz-horde, tribe, and clan-based approaches to Kazakh politics towards corporatism and patron-client mechanisms of control. Based on extensive field work in Kazakhstan and in-depth interviews with high ranking representatives of companies working in Kazakhstan's oil and gas industry, both local and foreign, the National Oil Company and its subsidiaries, government agencies, foreign diplomats, journalists and representatives of oppositional parties and NGOs, this book provides a comprehensive study of the issues of politics of oil and state-business relationships in Kazakhstan.

From Oil to Gas and Beyond chronicles the history of the petroleum industry in Trinidad and Tobago and appraises major policy decisions impacting its economy. The book details the macroeconomic, commercial, and technical challenges faced by Trinidad and Tobago in the monetization of its oil and gas resources over the past one hundred years. The contributors cover several topics including local content, national participation, sustainability, communication, leadership, energy diplomacy, environmental law and macroeconomic policy.

Gulf Oil Collectibles by Charles Whitworth covers over one hundred different categories of Gulf collectibles, containing over 500 different pictures in full color of everything from cans, signs, promotional items, and clothing, to toys and many other Gulf related items. If it's Gulf, its probably covered in this book. The values here have been established based on the author's years of collecting Gulf Oil memorabilia.

China's rapid economic growth has led to a huge increase in its domestic energy needs. This book provides a critical overview of how China's growing need for oil imports is shaping its international economic and diplomatic strategy and how this affects global political relations and behaviour.

Part One is focused on the domestic drivers of energy policy: it provides a systematic account of recent trends in China's energy sector and assesses the context and processes of energy policy making, and concludes by showing how and why China's oil industry has spread across the world in the last fifteen years. Part Two analyses the political and foreign policy implications of this energy-driven expansion and the challenges this potentially poses for China's integration into the international system. It examines a number of factors linked to this integration in the energy field, including the unpredictabilities of internal policymaking; China's determination to promote its own critical national interests, and the general ambition of the Chinese leadership to integrate with the international system on its own terms and at its own speed.

The highly topical book draws together the various dimensions of China's international energy strategy, and provides insights into the impact of this on China's growing international presence in various parts of the world.

This book analyzes the expanding oil and gas activities in the Arctic from the perspective of Sustainable Development (SD) and Corporate Social Responsibility (CSR). The focus is on the territories of the Arctic rim where the current and future oil and gas activities in the Arctic are and will be located. The book raises a number of questions including how sustainable development has been framed in the Arctic and the interaction between indigenous peoples, governments and oil and gas companies.

The book is divided into three parts. In the first part of the book, oil and gas are approached through the concepts of sustainable development (SD) and Corporate Social Responsibility (CSR) together with the challenge of climate change. The second part consists of case studies from Alaska, Canada, Norway and Russia where the discourses on oil and gas in the Arctic are explored and the final part of the book draws together the material from the country studies in a comparative manner.

The author develops an economic framework for analyzing state regulation of oil and gas and concludes that existing regulations fall short of assuring optimum well spacing, production rates, use of associated gas, and exploration. Originally published in 1971.

This book traces the history and implementation of regulation programs for state crude oil production. Originally published in 1967

First Published in 2011. Routledge is an imprint of Taylor & Francis, an informa company.

As global consumption of fossil fuels such as oil increases, previously abundant sources have become depleted or plagued with obstructions. Asphaltene deposition is one of such obstructions which can significantly decrease the rate of oil production. This book offers concise yet thorough coverage of the complex problem of asphaltene precipitation and deposition in oil production. It covers fundamentals of chemistry, stabilization theories and mechanistic approaches of asphaltene behavior at high temperature and pressure. Asphaltene Deposition: Fundamentals, Prediction, Prevention, and Remediation explains techniques for experimental determination of asphaltene precipitation and deposition and different modeling tools available to forecast the occurrence and magnitude of asphaltene deposition in a given oil field. It discusses strategies for mitigation of asphaltene deposition using chemical inhibition and corresponding challenges, best practices for asphaltene remediation, current research, and case studies.

National oil companies (NOCs) play an important role in the world economy. They produce most of the world's oil and bankroll governments across the globe. Although NOCs superficially resemble private-sector companies, they often behave in very different ways. Oil and Governance explains the variation in performance and strategy for NOCs and provides fresh insights into the future of the oil industry as well as the politics of the oil-rich countries where NOCs dominate. It comprises fifteen case studies, each following a common research design, of NOCs based in the Middle East, Africa, Asia, Latin America and Europe. The book also includes cross-cutting pieces on the industrial structure of the oil industry and the politics and administration of NOCs. This book is the largest and most systematic analysis of NOCs to date and is suitable for audiences from industry and academia, as well as policymakers.

The petroleum industry is among the most lucrative and most important in the world, and its impact within the realm of international politics is tremendous (although it can be overstated). Taking a well-balanced and objective approach to the complicated web of political and economic threads that make up the fabric of the oil industry, Falola and Genova introduce the most salient aspects in clear language, offering cogent and up-to-date information about the countries, companies, international organizations, and people who shape the contemporary history of the black gold. The relationship of international politics and the global oil industry affects everyone but is understood by few. Taking a well-balanced and objective approach to deconstructing this intricate web for those unfamiliar with the industry, Falola and Genova introduce the major players in the field, offering cogent and up-to-date information about the countries, companies, organizations, and people who shape the contemporary history of oil. They break down the essentials, describing the discovery process, the different types of oil, and the various processes by which oil gets to the market. Then they provide a brief history of the major oil-producing countries, followed by a discussion of OPEC and international efforts to control the price and supply of oil. After setting the stage, they introduce the most salient political issues that are influenced by oil, namely environmental protection, human rights, and economic development. Finally, a look at each of seven major oil exporters-Iraq, Mexico, Nigeria, Norway, Russia, Saudi Arabia, and Venezuela-demonstrates that the black gold can be both a blessing and a curse for the countries that produce it. Despite the need to learn how to exploit alternative energy sources before the oil runs out, we will continue to be dependent on oil for the foreseeable future. Today's oil demands are not only generated by such obvious activities as gassing up our cars or powering our aircraft, but also from the ubiquitous technological gadgets that have infiltrated our daily lives. From computer monitors to CDs, from cell phones to the petroleum-generated materials used in our shoes and sweaters, our reliance on oil continues to grow. Because price and supply are highly dependent on political events in distant countries, it is essential for American consumers to understand the intricacies of this complex subject. Falola and Genova demystify the industry and invite us to investigate more deeply this vital resource.

There are few areas of economic policy-making in which the returns to good decisions are so higha "and the punishment of bad decisions so cruela "as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust prosperity; but they have left others riddled with corruption and persistent poverty, with little of lasting value to show for squandered wealth. And amongst the most important of these decisions are those relating to the tax treatment of oil, gas and minerals.

This book will be of interest to Economics postgraduates and researchers working on resource issues, as well as professionals working on taxation of oil, gas and minerals/mining.

In Kazakhstan, the oil industry plays a crucial role in its economic and political life due to the country's considerable oil revenues and accompanying conflicting interests. As an arena of political struggle, this industry provides a good test case for uncovering regime maintenance techniques. This book examines the ways in which the post-Soviet Kazakh regime has managed to sustain itself in power, and the regime maintenance techniques it has used in the process of establishing and upholding its position. It scrutinizes the tools that the Kazakh regime employed in order to bring the country's oil industry under its control and, while doing so, shifts the emphasis from the prevalent zhuz-horde, tribe, and clan-based approaches to Kazakh politics towards corporatism and patron-client mechanisms of control.

Based on extensive field work in Kazakhstan and in-depth interviews with high ranking representatives of companies working in Kazakhstan's oil and gas industry, both local and foreign, the National Oil Company and its subsidiaries, government agencies, foreign diplomats, journalists and representatives of oppositional parties and NGOs, this book provides a comprehensive study of the issues of politics of oil and state-business relationships in Kazakhstan.

An impending energy crisis is looming globally, which has led to the use of effluents from paper mills for enhanced oil recovery (EOR), CO2 flooding and wastewater treatment by biosurfactants, and the current market demand for cost-competitive and environment-friendly alternatives to synthetic chemicals. This up-to-date book on petroleum technology provides a comprehensive review of the background and recent advances in the field of petroleum technology and highlights various facets of the fascinating world of upstream, midstream and downstream petroleum technologies. It comprises 25 chapters, each representing the progress, prospects and challenges in petroleum research, and focuses on the tremendous progress made by the scientific community in this research field. The book covers in detail EOR processes, reservoir engineering, production operation and optimisation, pipeline transportation and storage, CO2 capture and sequestration, wastewater management and innovative treatment, refining technologies, environmental chemistry, and biochemistry and biotechnology for the petroleum industry.

Inspired by the fortunes and misfortunes of the Getty family, whose most extraordinary and troubled episode - the kidnap and ransom of grandson Paul Getty - is now a major motion picture, directed by Ridley Scott, from a screenplay written by David Scarpa and starring Michelle Williams, Christopher Plummer and Mark Wahlberg.

Corporate Social Responsibility (CSR) has emerged as an important approach for addressing the social and environmental impact of company activities. Yet companies are increasingly expected to go beyond this. They are now often expected to assist in addressing many of the world's most pressing problems, including climate change, poverty and HIV/AIDS. With increasing expectations placed on business, this book asks if CSR is capable of delivering on these larger expectations. It does so by investigating an industry that has been at the centre of the CSR development - the oil and gas sector. Looking at companies from developed countries such as Exxon and Shell, as well as companies from emerging economies such as Brazil's Petrobras and China's CNOOC, the book investigates the potential of CSR for addressing three important challenges in the business-society relationship: the environment, development and governance.

This book analyzes the expanding oil and gas activities in the Arctic from the perspective of Sustainable Development (SD) and Corporate Social Responsibility (CSR). The focus is on the territories of the Arctic rim where the current and future oil and gas activities in the Arctic are and will be located. The book raises a number of questions including how sustainable development has been framed in the Arctic and the interaction between indigenous peoples, governments and oil and gas companies. The book is divided into three parts. In the first part of the book, oil and gas are approached through the concepts of sustainable development (SD) and Corporate Social Responsibility (CSR) together with the challenge of climate change. The second part consists of case studies from Alaska, Canada, Norway and Russia where the discourses on oil and gas in the Arctic are explored and the final part of the book draws together the material from the country studies in a comparative manner.

What is the future of the oil and gas sector in Lebanon? Following the recent discovery of these valuable resources in the southern Mediterranean, including in the Cypriot and Israeli offshore reserves, the possibility of Lebanon also becoming a petroleum-producing country has been raised. This collection of essays addresses the major challenges and opportunities that accompany the country's hope to join the petroleum club. Covering the key policy issues - from Lebanon's susceptibility to the oil curse, to the environmental risks of production - this book brings together expert analysis to offer answers at the institutional level. Of central importance, the contributors argue, is that for Lebanon to benefit from the discovery of petroleum, it must first reform its institutions with the full support of the voting public and civil society. Combining rigorous quantitative and qualitative research, the Lebanese Center for Policy Studies has produced here an essential book that puts petroleum in Lebanon, and the important questions that come with it, within a global perspective.