This Open Access Brief presents the KAPSARC Global Energy Macroeconometric Model (KGEMM). KGEMM is a policy analysis tool for examining the impacts of domestic policy measures and global economic and energy shocks on the Kingdom of Saudi Arabia. The model has eight blocks (real sector, fiscal, monetary, external sector, price, labor and wages, energy, population, and age cohorts) that interact with each other to represent the Kingdom's macroeconomy and energy linkages. It captures New Keynesian demand-side features anchored to medium-run equilibrium and long-run aggregate supply. It applies a cointegration and equilibrium correction modeling (ECM) methodology to time series data to estimate the model's behavioral equations in the framework of Autometrics, a general-to-specific econometric modeling strategy. Hence, the model combines 'theory-driven' approach with 'data-driven' approach. The Brief begins with an introduction to the theoretical framework of the model and the KGEMM methodology and then walks the reader through the structure of the model and its behavioral equations. The book closes with simulations showing the application of the model. Providing a detailed introduction to a cutting-edge, robust predictive model, this Brief will be of great use to researchers and policymakers interested in macroeconomics, energy economics, econometrics, and more specifically, the economy of Saudi Arabia.

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.

In 1956, geophysicist and Shell Oil researcher Marion King Hubbert forecast that American oil production would peak surprisingly soon and decline steadily thereafter. Hubbert's prediction outraged the architects of the US oil industry at the time but it was largely correct. Amid a twenty-first century shale boom, Hubbert's logic remains a source of debate. Richly researched, The Oracle of Oil rescues the history of a man who shocked the scientific community with his brilliance, eccentricity and controversy. Mason Inman shows Hubbert was a man of his era: a time of great intellectual ferment and discovery tinged by dark undercurrents of intellectual witch hunts. A portrait of a man whose prescient ideas about sustainability still resonate today, The Oracle of Oil looks to the past to find a guiding philosophy for our energy future.

The story of the petrochemical industry in the Arabian Gulf region is one of heroic endeavor. It exemplifies a much broader narrative of change as, within a few decades, we see groups of ancient tribes and families transformed into modern states playing important global roles. On visiting Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, or the United Arab Emirates (UAE), it is hard to believe that a mere half-century ago they were undeveloped backwaters.The cities of those countries are today centers of international commerce and industry, crisscrossed by expressways; their skylines include the most modern architecture; they offer all the conveniences of contemporary life, including well-equipped and professionally staffed hospitals, airports, schools, banks, and telecommunication systems. Yet a few decades ago, many were small, obscure trading towns and fishing villages, isolated from each other and from the world beyond.The lifestyles and standards of living that citizens of the Gulf Cooperation Council (GCC) countries take for granted could hardly have been imagined by their grandparents.Paucity has given way to prosperity, once-rampant illiteracy has virtually disappeared, and what had been mainly a rural population is now largely urban. Moreover, the population of the GCC countries has skyrocketed, augmented by the influx of foreigners seeking employment in the industrial and service sectors. The dramatic transformation of the GCC countries is rooted in the fabulous hydrocarbon riches that lie beneath their ground. However, it would be a mistake to think that success of these states is solely the result of rich reserves of oil and gas. Other countries have oil riches and yet have failed to develop at the scale of those of the GCC or to improve the lives of their citizens in similar fashion.As we look at the petrochemical industry in the GCC region, we can see several key factors that underlie its success. First among these is the far-sightedness of GCC leaders, who neither played it safe by investing government oil revenues overseas, as some consultants had advised, nor squandered this revenue through profligate spending.Instead, at a critical point, they courageously invested billions of dollars to create modern infrastructure, to finance the launch of petrochemical ventures, and to send thousands of their citizens for overseas education. The latter investment was especially important as it created a technocrat class that could lead and develop industrial ventures. In subsequent years, investments in infrastructure, new enterprises, and overseas scholarships have continued, coupled with the development of world-class institutions of higher learning in the GCC countries. Another factor has been the readiness of GCC nationals employed in petrochemical enterprises to view their employment as something of a patriotic mission. Especially in the early years of the industry, this sense of mission encouraged many to forgo high salaries and perks and to work tirelessly to create world-class domestic chemical companies. Also important has been the willingness of international oil companies operating in the Arabian Gulf region-Exxon, Mobil, Total, Shell, and others-to participate in petrochemical joint ventures with GCC governments.This brought much-needed technology and marketing know-how to GCC petrochemical enterprises and set the stage for other Western partners to join.

Conflict over the extraction of coal and gas resources has rapidly escalated in communities throughout the world. Using an environmental justice lens, this multidisciplinary book explores cases of land use conflict through the lived experiences of communities grappling with such disputes. Drawing on theories of justice and fairness in environmental decision making, it demonstrates how such land use conflicts concerning resource use can become entrenched social problems, resistant to policy and legal intervention. The author presents three case studies from New South Wales in Australia and Pennsylvania in the US of conflict concerning coal, coal gas and shale gas development. It shows how conflict has escalated in each case, exploring access to justice in land use decision making processes from the perspective of the communities at the heart of these disputes. Weaknesses in contemporary policy and regulatory frameworks, including ineffective opportunities for public participation and a lack of community recognition in land use decision making processes, are explored. The book concludes with an examination of possible procedural and institutional reforms to improve access to environmental justice and better manage cases of land use conflict. Overall, the volume links the philosophies of environmental justice with rich case study findings, offering readers further insight into both the theory and practice of land use decision making.

Process industries have a particularly urgent need for collaborative equipment management systems, but until now have lacked for programs directed toward their specific needs. TPM in Process lndustries brings together top consultants from the Japan Institute of Plant Maintenance to modify the original "TPM Development Program." In this volume, they demonstrate how to analyze process environments and equipment issues including process loss structure and calculation, autonomous maintenance, equipment and process improvement, and quality maintenance. For all organizations managing large equipment, facing low operator/machine ratios, or implementing extensive improvement, this text is an invaluable resource.

This book highlights the continuing impunity enjoyed by corporations for large scale crimes, and in particular the crime of toxic waste dumping in Ivory Coast in 2006. It provides an account of the crime, and outlines contributory reasons for the impunity both under the law and from a criminological point of view. Furthermore, the book reveals the retrogressive role of civil society organisations (CSOs) in Ivory coast, contrary to the societal expectations made of 'non-governmental' organisations (NGOs) and CSOs. This book reveals that in the case of this particular example of state-corporate crime, civil society as an agency of censure and sanction actually played a distinctly retrogressive role. Here, in fact, state and state-corporate crime facilitates corruption within the civil society sphere through a process referred to in the book as the 'commodification of victimhood' and, as a result, ensures that impunity is virtually guaranteed for the corporation and the Ivorian government. This book also examines the failure of international and domestic legal measures to sanction the perpetrators alongside civil society's shortcomings and ultimately advocates a more cautionary approach to civil society's potential to label, censure and sanction large-scale state-corporate crime. This book will help readers understand the difficulties in sanctioning such crime as well as promoting the theoretical framework of state crime, the understanding of which could lead to the alleviation of human suffering at the hands of criminal states and corporations.

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.

The precipitation and deposition of solids are a major challenge in the production of oil and gas. Flow assurance solids are formed because of unavoidable changes in temperature, pressure and composition of the oil-gas-water flowstream, from reservoir conditions to processing conditions. The advent of subsea production and the increased exploitation of heavy crudes have made flow assurance issues dominant in ensuring efficient and safe exploitation of hydrocarbon assets. Five troublesome flow assurance solids are described in the book: asphaltene, paraffin wax, natural gas hydrate, naphthenate and inorganic scale. These big-five solids are presented in stand-alone chapters. Each chapter is designed to be readable without clutter. Derivations of equations and descriptions of supporting details are given in several appendices. The book is intended for professional engineers and natural scientist working in E&P companies, engineering companies, service companies and specialized companies. An understanding of the big-five solids is required throughout the lifetime of oil and gas assets, from early development to abandonment. The technical, safety and environmental risks associated with deposition problems in near-wellbore formations, production tubing, wellhead equipment, flowlines and processing facilities, are relevant for decisions in the oil and gas industry and in outside regulatory and financial entities.

At its founding in 1932, the Kingdom of Saudi Arabia was characterized by tribal warfare, political instability, chronic financial shortages and economic crises. As a desert chieftain, Abd al-Aziz Ibn Saud, the ruler and king until 1953, had the skills, the cunning and the power to control the tribes and bring peace to this realm. But financial and economic matters were not his forte and these he left mostly to a single individual, Abdullah al-Sulayman al-Hamdan. He was entrusted with nearly all of the country's early financial dealings and administrative development. The Ministry of Finance, which he headed from its inception, served as nearly the sole government agency dealing with a wide variety of matters, many of which had only a peripheral connection to finance or the economy. This book examines the role of the Ministry of Finance and its minister, Abdullah al-Sulayman, in holding the country together financially and administratively until the promise of substantial oil income was realized a few years after the end of World War II. It will be essential reading for anyone interested in Gulf History and the Economic History of the Middle East.

The North Sea oil industry plays a vital role in the UK economy. Oil was first pumped ashore thirty years ago and based on current estimates there are still thirty further years of oil reserves to be claimed from the sea. This exhibition aims to capture the vibrant community of people working throughout the sector. Scottish portrait painter Fionna Carlisle will create 24 new portraits representing a cross section of the people working in the oil industry, from employees of major international corporations to the self-employed. There are portraits of geologists, rig-builders, economists, helicopter pilots, the technical and service staff on the rigs themselves, and many others - all of whom have been chosen to represent the many aspects of this vital industry.

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.

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.

In Energy without Conscience David McDermott Hughes investigates why climate change has yet to be seen as a moral issue. He examines the forces that render the use of fossil fuels ordinary and therefore exempt from ethical evaluation. Hughes centers his analysis on Trinidad and Tobago, which is the world's oldest petro-state, having drilled the first continuously producing oil well in 1866. Marrying historical research with interviews with Trinidadian petroleum scientists, policymakers, technicians, and managers, he draws parallels between Trinidad's eighteenth- and nineteenth-century slave labor energy economy and its contemporary oil industry. Hughes shows how both forms of energy rely upon a complicity that absolves producers and consumers from acknowledging the immoral nature of each. He passionately argues that like slavery, producing oil is a moral choice and that oil is at its most dangerous when it is accepted as an ordinary part of everyday life. Only by rejecting arguments that oil is economically, politically, and technologically necessary, and by acknowledging our complicity in an immoral system, can we stem the damage being done to the planet.

There are few areas of economic policy-making in which the returns to good decisions are so high?and the punishment of bad decisions so cruel?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.

A sound knowledge of different facets of petro-Economics is a economics is a sine quo non particularly for the petro-chemical sectors dealing with exploration, development, production, refining, transportation. Storage and marketing of oil, natural gas and a wide range of petro- products. Evolution and application of the concept of petro-economics, following the first-ever major ' oil shock' in the early 1970s has gained strategic significance and tremendous momentum from the first decade of the 21st century on the following ground: (i) Emerging need for integration of national energy security with global energy security environment; (ii) Growing concern for safeguarding dwindling strategic oil and natural gas reserves to cater to the growing economy in the developing world (particularly the BRIC nations) with much greater projected future demand for oil and natural gas; (iii) segmentation of the global oil and natural gas market on a geo-political basis, compounded by the overwhelming ramifications of regional economic unions; (iv) price structuring, rationalization/ parity, and attendant accounting problems of oil and natural gas in terms of upstream, midstream, downstream, marketing/ retailing activities associated with crudes, refined oil and natural gas (including LNG, CNG) products.

'One of the world's most prominent radical scientists.' The Guardian This book is classic of the environmental movement. In it, Vandana Shiva envisions a world beyond our current dependence on fossil fuels and globalization, and makes the compelling case that food crises, oil dependency and climate change are all inherently interlinked. Any attempt to solve one without addressing the others is therefore doomed to failure. Condemning industrial agriculture and biofuels as recipes for ecological and economic disaster, Shiva instead champions small independent farmers. What is needed most, in a time of hunger and changing climates, are sustainable, biologically diverse farms that are better able to resist disease, drought and flooding. Calling for a return to local economies and small-scale agriculture, Shiva argues that humanity’s choice is a stark one: we can either continue to pursue a market-centred approach, which will ultimately make our planet unliveable, or we can instead strive for a people-centred, oil-free future, one which offers a decent living for all. This edition features a new introduction by the author, in which she outlines recent developments in ecology and environmentalism, and offers new prescriptions for the environmental movement.

The United States is highly dependent on foreign oil. Well over half of the oil and petroleum products consumed in America--approximately 12 million barrels per day, or more than 600 gallons for every man, woman, and child each year--now come from abroad. And the U.S. government projects that the level of imports will only continue to rise, reaching between 16 and 21 million barrels per day by 2025.
What precisely are the costs of U.S. foreign oil dependence? Unfortunately, no one has yet offered a satisfactory answer to this vital question. As a result, the costs to the United States of its dependence on oil from abroad have gone largely unrecognized and, in fact, are much greater than most people realize. Some costs, like the annual bill for oil imports--and, by reflection, the price that motorists pay at the pump or the size of homeowners' heating oil bills--are obvious and quantifiable. A number of others, however, are not so apparent or easy to measure. For example, it is difficult to put a price tag on the costs of coddling oil-rich authoritarian regimes at the expense of promoting representative government, human rights, and other important values.
This book seeks to remedy this oversight by providing the first comprehensive analysis of the costs--both economic and policy-related--of U.S. foreign oil dependence and how they might be reduced. It shows that since the 1970s, the economic costs alone have run into the trillions of dollars. Successive administrations have tended to neglect the opportunities at home to reduce these costs by limiting demand. Instead, they have emphasized foreign and military policies that have proven both highly expensive and largelyunsuccessful.
One positive conclusion the author draws is that the opportunities for reducing oil consumption remain largely unexploited and the costs of U.S. foreign oil dependence can still be substantially reduced at relatively little expense. At least as important, however, will be rethinking and revising the expensive foreign, security, and military policies and commitments that have developed around U.S. foreign oil dependence over the past three decades.

America's Kingdom debunks the many myths that now surround the United States's "special relationship" with Saudi Arabia, or what is less reverently known as "the deal": oil for security. Taking aim at the long-held belief that the Arabian American Oil Company, ARAMCO, made miracles happen in the desert, Robert Vitalis shows that nothing could be further from the truth. What is true is that oil led the U.S. government to follow the company to the kingdom. Eisenhower agreed to train Ibn Sa'ud's army, Kennedy sent jets to defend the kingdom, and Lyndon Johnson sold it missiles. Oil and ARAMCO quickly became America's largest single overseas private enterprise. Beginning with the establishment of a Jim Crow system in the Dhahran oil camps in the 1930s, the book goes on to examine the period of unrest in the 1950s and 1960s when workers challenged the racial hierarchy of the ARAMCO camps while a small cadre of progressive Saudis challenged the hierarchy of the international oil market. The defeat of these groups led to the consolidation of America's Kingdom under the House of Fahd, the royal faction that still rules today. This is a gripping story that covers more than seventy years, three continents, and an engrossing cast of characters. Informed by first hand accounts from ARAMCO employees and top U.S. government officials, this book offers the true story of the events on the Saudi oil fields. After America's Kingdom, mythmakers will have to work harder on their tales about ARAMCO being magical, honorable, selfless, and enlightened.

ATTEMPTING 300KPH on an untested experimental motorcycle could be considered a perfect way to kill yourself, but Paul Carter is still, well, PAUL CARTER and danger at high speed is his second name. Whether discovering that being dyslexic means delivering your lines to camera back to front in the midst of filming a TV series, or starting a new business and travelling the world, or dealing with life's more sober moments like the birth of a son or the loss of a father, Paul Carter is still the funniest man in the bar and the nicest 'alpha male' you'll ever meet as he risks all for the sake of a cracking yarn. SO STRAP YOURSELF IN and HOLD ON TIGHT for his FOURTH BOOK - we just have to hope that he won't be institutionalised before completing his fifth!

This companion volume to the author's Geological Evolution of South East Asia (1989) is the first and only book to give an analysis of the oil, gas, and mineral deposits of Southeast Asia, including its economic geology. The stratigraphy, structure, hydrocarbon and coal deposits of the major Tertiary basins are described, and regional similarities and differences are analyzed. Among the areas featured are the copper and gold-silver deposits of the Philippines and Indonesia; the Sundaland peninsular core, considered the foremost source of tungsten and tin; and the declining tin mines of Malaysia and Thailand. This comprehensive survey will interest both the economic geologist and researcher of oil and mineral deposits.

Oil, an integral part of the contemporary global economy, is considered a driving force behind the 2003 invasion of Iraq. Hydrocarbon reserves in Iraq have a significant role to play in global supply, with oil revenue accounting for more than 90% of Iraqi government income. This book provides a comprehensive insight into the key foundations of Iraq's oil industry and assists in the development of a core area of domestic law to promote economic recovery following years of instability. It addresses the development of oil legislation and the formation of contracts since the US and allied occupation of Iraq in 2003. Legislation is assessed against the framework of the constitution along with the different types of oil agreements and their terms. The book looks at three main aspects of oil legislation, beginning with the validity and interpretation of the constitution as any subsequent legislation governing oil policy will be based upon this. The work then discusses whether the draft oil and gas law of 2007 and any subsequent oil legislation, including the law implemented by the Kurdish Regional Government in 2007, is valid. Finally, the book analyses the legitimacy of oil agreements entered into by the central and regional governments and whether these contain terms beneficial to the state and contracting party. Providing an in-depth analysis of the origins and development of the legal framework of the oil industry in Iraq, the book acts as both a reference source and a springboard for future research across a range of legal, economic and policy perspectives. It will appeal to practitioners and academics working in energy law and international investment law, as well as policy-makers, legal advisors and those working in governments and energy companies.

China has developed sophisticated hedging strategies to insure against risks in the international petroleum market. It has managed a growing net oil import gap and supply disruptions by maintaining a favorable energy mix, pursuing overseas equity oil production, building a state-owned tanker fleet and strategic petroleum reserve, establishing cross-border pipelines, and diversifying its energy resources and routes.

Though it cannot be "secured," China's energy security can be "insured" by marrying government concern with commercial initiatives. This book comprehensively analyzes China's domestic, global, maritime, and continental petroleum strategies and policies, establishing a new theoretical framework that captures the interrelationship between security and profit. Arguing that hedging is central to China's energy-security policy, this volume links government concerns about security of supply to energy companies' search for profits, and by drawing important distinctions between threats and risks, peacetime and wartime contingencies, and pipeline and seaborne energy-supply routes, the study shifts scholarly focus away from securing and toward insuring an adequate oil supply and from controlling toward managing any disruptions to the sea lines of communication. The book is the most detailed and accurate look to date at how China has hedged its energy bets and how its behavior fits a hedging pattern.