Were oil supplies everlasting and the demand for oil strong and continuous, economic diversification in the Gulf would be pointless. However oil reserves are finite and non-renewable and the world demand for oil from the Gulf region is simply not stable. Collectively the countries of the Gulf face the striking prospect that unless priorities and plans are set with care the gestation period of their economic development may be longer than the expected life of their hydrocarbon resources. This book examines just that threat. It considers the opportunities available to the Gulf states for accumulating sufficient productive capital in the non-oil sectors of their economy to offset the drawing down of oil reserves. The book pays particular attention to the possibilities of development through cooperation not only within the Gulf Cooperation Council but also within the larger Arab region and the Third World as a whole. It concludes with a critical review of the main challenges that these economies are facing and are likely to face in the near future with special emphasis on their major problems and failures. First published in 1984.

Until 1973 few people, either in the advanced, industrial countries or in the developing countries of the Third World, thought seriously on the issues and complexities involved in the production and marketing of the oil on which they relied. It was only with the sudden steep increases in oil prices that the oil industry became a matter of general discussion, and the Organisation of Petroleum Exporting Countries (OPEC) became a front page topic for analysis and comment. However, real understanding of the organisation and its policies did not accompany this rush of interest and much confusion has followed. In particular, the Arab exporters have received the weight of the criticism although they have only a share in the market and not a monopoly. This book attempts to instil a greater mutual understanding between oil exporters and importers, although it is not a wholesale endorsement of Arab policies, by outlining the major policy areas in this field. It looks at new policy options and their implications in exploration, marketing and pricing and at downstream operations such as the petrochemical and gas industries. In conclusion, this study identifies the wide-ranging opportunities that the new oil policies have opened up for the Arab countries, in the national, regional and international context, and assesses and clarifies the responsibilities which accompany this success. First published in 1983.

This book examines the development of the Russian economy from tsarist times to the present through the lens of the oil industry. It considers the role of the state, business-state relations, foreign participation, enterprise performance and technology. Besides providing much rich detail on the changing nature of the oil industry, the book also puts forward important conclusions, including the fact that in the late nineteenth century private enterprise rather than the state was the principal driver of economic development, and that after the collapse of the Soviet Union incumbent managers were more effective in running their companies than financier entrants, whose main concern was short-term gain.

Originally published in 1985 by a group of international experts and oil industry officials, this book surveys the dramatic changes which took place in the oil industry in the second half of the twentieth century. It discusses the role of OPEC and the long term impact its decisions had for both producers and oil consumers and examines possible future trends in the oil industry structure and stability, together with the possible consequences for North Sea oil and gas development.

This book, first published in 1987 and by one of Saudi Arabia's most distinguished academics, reviews the experience of the Arab oil producers in social, economic and political development in the key period of the Seventies and Eighties. It is broadly pessimistic about the prospects for future development and sceptical about past achievements. It argues that the 'petro-bureaucracy' in the Arabian Peninsula has failed to establish the basic principles of effective development because it has been mesmerised by the vast oil revenues it has attempted to administer. The book suggests that in many respects the oil revenues have obstructed serious development because they have made the Arabian economies totally dependent on one expendable resource and this has made them too vulnerable to external pressures and interests. Furthermore, the oil revenues have encouraged fantasy and wishful thinking which have skewed the development process and stimulated pseudo-development. The book makes clear that until the petro-bureaucracy adopts a realistic approach to development there can be no prospect of real development in the Arabian Peninsula.

Economically and politically, North Sea oil very quickly became of vital importance to Britain. But very little serious attention was paid to the problems of the men working out on the rigs, and certainly none to their legal problems: they had been working in a kind of legal 'no man's land'. This informative and critical book, first published in 1977, represents a new and exciting approach to labour law looks closely at the way in which the law applies to workers out on the rigs and at the way it regulates the various aspects of their employment. More than that, it looks at the context in which the law is applied, a dynamic industry operating within severe physical, economic and political constraints, showing not only how the law came to be shaped, but also how its provisions are but one example of the employment process and which mirror changing moods and standards.

When oil and gas exploration was expanding across Aotearoa New Zealand, Patricia Widener was there interviewing affected residents and environmental and climate activists, and attending community meetings and anti-drilling rallies. Exploration was occurring on an unprecedented scale when oil disasters dwelled in recent memory, socioecological worries were high, campaigns for climate action were becoming global, and transitioning toward a low carbon society seemed possible. Yet unlike other communities who have experienced either an oil spill, or hydraulic fracturing, or offshore exploration, or climate fears, or disputes over unresolved Indigenous claims, New Zealanders were facing each one almost simultaneously. Collectively, these grievances created the foundation for an organized civil society to construct and then magnify a comprehensive critical oil narrative--in dialogue, practice, and aspiration. Community advocates and socioecological activists mobilized for their health and well-being, for their neighborhoods and beaches, for Planet Earth and Planet Ocean, and for terrestrial and aquatic species and ecosystems. They rallied against toxic, climate-altering pollution; the extraction of fossil fuels; a myriad of historic and contemporary inequities; and for local, just, and sustainable communities, ecologies, economies, and/or energy sources. In this allied ethnography, quotes are used extensively to convey the tenor of some of the country’s most passionate and committed people. By analyzing the intersections of a social movement and the political economy of oil, Widener reveals a nuanced story of oil resistance and promotion at a time when many anti-drilling activists believed themselves to be on the front lines of the industry’s inevitable decline.

Originally published in 1984, this study focuses on petroleum agreements between non-OPEC LDCs with oil-importing LDCs and how issues such as high oil prices affect each country. The information presented in this study was drawn from interviews with petroleum officials in petroleum companies, petroleum ministries and unpublished documents such as contracts and focussing on case studies of countries such as Peru, Guatemala and Malaysia. This title will be of interest to students of environmental studies and economics.

The past decade has been one of the most volatile periods in global petroleum markets in living memory, and future oil supply security and price levels remain highly uncertain. This poses many questions for the professional activities of planners and urbanists because contemporary cities are highly dependent on petroleum as a transport fuel. How will oil dependent cities respond, and adapt to, the changing pattern of petroleum supplies? What key strategies should planners and policy makers implement in petroleum vulnerable cities to address the challenges of moving beyond oil? How might a shift away from petroleum provide opportunities to improve or remake cities for the economic, social and environmental imperatives of twenty-first-century sustainability? Such questions are the focus of contributors to this book with perspectives ranging across the planning challenge: overarching petroleum futures, governance, transition and climate change questions, the role of various urban transport nodes and household responses, ways of measuring oil vulnerability, and the effects on telecommunications, ports and other urban infrastructure. This comprehensive volume - with contributions from and focusing on cities in Australia, the UK, the US, France, Germany, the Netherlands and South Korea - provides key insights to enable cities to plan for the age beyond petroleum.

This book deals with the two aspects of the oil industry, the Arab oil industry as a unit, and its future.

Any discussion of the various facets of petroleum policy in the United States rests to a greater or less extent on the issue of sensitivity of petroleum exploration, and hence of new petroleum discoveries to economic incentives. Indeed, a principle argument in favour of having a special petroleum policy at all is that domestic petroleum exploration is so sensitive to economic considerations that in the absence of special incentives exploration expenditures would sharply decrease, as would the amount of petroleum discovered; consequently, the nation's known oil resources would be reduced to an extent dangerous in the event of an international crisis. This study attempts to answer the question: how sensitive are new petroleum discoveries to economic incentives? This book will be of interest to students of environmental studies.

Methods of Estimating Reserves of Crude Oil, Natural Gas, and Natural Gas Liquids, first published in 1965, aims to throw new light on a field of knowledge vital to consideration of problems of public policy regarding future sources of energy. This book will be of interest to students of environmental studies.

The impact of North Sea oil and gas on the British economy is examined thoroughly in this book. It explores why the early years of the 1980s, when oil production had risen to the level of self-sufficiency and beyond were years of recession and unemployment. The book compares the record of British government policy with that of Norway, the Netherlands, Venezuela, Australia and Japan. Issues such as long - term energy policy are also examined.

This volume, originally published in 1982, brings together economists, political scientists and industry experts to explain OPEC's past achievements and future (in the early 1980s) prospects. The book opens with a clear, concise amd easy to follow treatment of the economics of exhaustible resources under monopoly and competition, the framework frequently used to examine pricing issues. The role of wealth maximisation, wealth satisficing and political factors as OPEC objectives are discussed and implications for world oil prices assessed. The stability of OPEC and the limitations of its pricing policy are examined and OPEC oil pricing and importers' policies analysed.

This book, originally published in 1996, traces the development of US government policy toward the oil industry during the 1920s and 1930s when the domestic syustem of production control was established. It then charts the deveopment and collapse of oil import controls, and the wild scramble for economic rents generated by Government regulation. It discusses the two oil crises and the 'phantom' Gulf War crisis, and the importance of public opinion in shaping the policy agenda. It also provides an in-depth study of Congressional oil votes from the 1950s to the 1980s and the formation of oil policy, beginning with theories of economic regulation, the role of interest groups in developing the policy agenda and the role of money in politics.

First published in 1993, this book traces and analyses the changing policies of American offshore oil companies concerning the exploration and development of the Outer Continental Shelf in the period from 1970 to 1976 - covering environmental legislation, the oil embargo, presidential initiatives, and proposed international laws. Where previous studies concerning the Outer Continental Shelf had only examined broad policy issues on an international level, this study focuses on those American offshore companies who were major actors in ocean affairs, especially in the exploration and development of the region.

The demand for oil and gas has brought exploration and production to unprecedented depths of the world's oceans. Currently, over 50% of the oil from the Gulf of Mexico now comes from waters in excess of 1,500 meters (one mile) deep, where no oil was produced just 20 years ago. The Deepwater Horizon oil spill blowout did much to change the perception of oil spills as coming just from tanker accidents, train derailments, and pipeline ruptures. In fact, beginning with the Ixtoc 1 spill off Campeche, Mexico in 1979-1980, there have been a series of large spill events originating at the sea bottom and creating a myriad of new environmental and well control challenges. This volume explores the physics, chemistry, sub-surface oil deposition and environmental impacts of deep oil spills. Key lessons learned from the responses to previous deep spills, as well as unresolved scientific questions for additional research are highlighted, all of which are appropriate for governmental regulators, politicians, industry decision-makers, first responders, researchers and students wanting an incisive overview of issues surrounding deep-water oil and gas production.

The issue of security in the Gulf has an importance which goes far beyond the regional location of the area. It is enough to note that instability in the area may result in the interruption of oil supplies to the rest of the world. This book, first published in 1981, considers some of the challenges facing the region following recent developments such as the fall of the Shah and the proclamation of the Islamic Republic in Iran, the Soviet presence in Afghanistan, the formation of an American task force to intervene in the area, the failure of the Camp David agreement and the Iran-Iraq war.

Nigeria has for long been regarded as the poster child for the ‘curse’ of oil wealth. Due to what is regarded as an African political culture of neopatrimonialism, irreconcilable ethno-religious divisions and predatory subversion of institutions, Nigeria is seen incapable of overcoming the economic deterioration of this ‘resource curse’. Yet, Nigeria achieved strong economic growth for over a decade in the twenty first century driven largely by policy reforms in non-oil sectors. The book argues that Nigeria’s major development challenge is not an ‘oil curse’, but one of achieving economic diversification beyond oil, subsistence agriculture, informal activities and across its subnational entities. Through analysis drawing on economic data, policy documents and interviews, the book argues that Nigeria’s challenge of economic diversification is situated within a political setting of an unstable distribution of power among individual, group and institutional actors. Nigeria’s ruling elites have lurched from one political crisis to another throughout the country’s history and especially in the last two decades of democratic rule. A perpetual state of crisis management orients economic policy to be episodic rather than the systematic and long-term focus necessary to drive the economic transformation Nigeria aspires for. Since the turn of the century, policymaking by successive Nigerian governments despite superficial partisan differences has been oriented towards short-term crisis management of macroeconomic stabilization, restoring growth and selective public sector reforms. To diversify Nigeria’s economy, successive governments must reorient towards a consistent focus on: pro-productivity and pro-poor policies, alongside comprehensive civil service and security sector overhaul. These policy priorities, Nigeria’s ruling elites are belatedly acknowledging, are crucial to achieving economic transformation. However, this policy shift requires tackling the roots of perpetual political crisis, especially stabilizing the balance of power towards equity and inclusion.

As the price of oil fell in the eighties the pressures on the Arab Gulf States to speed up the diversification of their economies into non-oil sectors increased. This book, first published in 1984, examines this problem and many other issues connected with the impact of oil revenues on development in the Gulf States. It considers changing oil production policies and developments in other sectors of the economy including agriculture, industry and banking. It explores population problems, moves towards Gulf economic coordination and the impact of oil on society, culture and education. This book provides an assessment of just how much the region depends on oil for its economic prosperity and development and some indication of the enormous problems that would face the region should the demand for oil decease still further.

Ths book examines the efforts made by the British government of the period to lessen its dependence on American oil supplies, the emergence of Venezuela as the largest single British oil supplier in the early 1930s, and the changing structure of the oil industry both in the US and Europe. It draws almost entirely on primary sources.

This book, first published in 1987 and by one of Saudi Arabia's most distinguished academics, reviews the experience of the Arab oil producers in social, economic and political development in the key period of the Seventies and Eighties. It is broadly pessimistic about the prospects for future development and sceptical about past achievements. It argues that the 'petro-bureaucracy' in the Arabian Peninsula has failed to establish the basic principles of effective development because it has been mesmerised by the vast oil revenues it has attempted to administer. The book suggests that in many respects the oil revenues have obstructed serious development because they have made the Arabian economies totally dependent on one expendable resource and this has made them too vulnerable to external pressures and interests. Furthermore, the oil revenues have encouraged fantasy and wishful thinking which have skewed the development process and stimulated pseudo-development. The book makes clear that until the petro-bureaucracy adopts a realistic approach to development there can be no prospect of real development in the Arabian Peninsula.

First Published in 1975. Routledge is an imprint of Taylor & Francis, an informa company.

Despite the growing demand for design strategies to reduce our petroleum use, no one has yet brought together the lessons of the world's leading post-petroleum designers into a single resource. Post-Petroleum Design brings them together for the first time. Readers will be introduced to the most current, innovative, plastic-and petroleum-free products and projects in industrial design, architecture, transportation, electronics, apparel and more. Post-Petroleum Design explores firsthand the client and consumer motivations behind the demand, and shares the case studies, principles, best practices, risks and opportunities of the world's leading post-petroleum design experts who are already meeting that demand. It introduces 40 inspiring individuals from across the globe; people like Eben Bayer, the American innovator whose company, Ecovative, is growing houses from mushrooms; Mohammed Bah Abba, whose Zeer Pot is helping families keep produce fresh in the sweltering Nigerian summer without electricity; and the engineers at Mercedes-Benz Advanced Design Studios whose Biome car evolves from genetically engineered DNA. Post-Petroleum Design gives design professionals the information they need to research, evaluate, and select materials, technologies and design strategies that meet the growing demand for sustainable design, plastic-free materials and process energy conservation. Designer profiles, studies, statistics and many colour illustrations all highlight the work-some of the best design work to be found anywhere, and showcased here for the first time.

The petroleum industry is arguably the most influential and important industry in the world. This book offers a comprehensive introduction to the economics of oil and natural gas extraction and production along with a detailed discussion of pricing, taxing, and markets of these most valuable commodities.

The optimization of the time profile of revenues from individual fields is discussed along with the development of oil pricing, tax systems, and oil and natural gas regulation. This book will be of great value to petroleum engineers, students in business and economics, policy makers, and anyone else interested in the future of petroleum production.