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Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
Irene L. Gendzier presents incontrovertible evidence that oil politics played a significant role in the founding of Israel, the policy then adopted by the United States toward Palestinians, and subsequent U.S. involvement in the region. Consulting declassified U.S. government sources, as well as papers in the H.S. Truman Library, she uncovers little-known features of U.S. involvement in the region, including significant exchanges in the winter and spring of 1948 between the director of the Oil and Gas Division of the Interior Department and the representative of the Jewish Agency in the United States, months before Israel's independence and recognition by President Truman. Gendzier also shows that U.S. consuls and representatives abroad informed State Department officials, including the Secretary of State and the President, of the deleterious consequences of partition in Palestine. Yet the attempt to reconsider partition and replace it with a UN trusteeship for Palestine failed, jettisoned by Israel's declaration of independence. The results altered the regional balance of power and Washington's calculations of policy toward the new state. Prior to that, Gendzier reveals the U.S. endorsed the repatriation of Palestinian refugees in accord with UNGA Res 194 of Dec. 11, 1948, in addition to the resolution of territorial claims, the definition of boundaries, and the internationalization of Jerusalem. But U.S. interests in the Middle East, notably the protection of American oil interests, led U.S. officials to rethink Israel's military potential as a strategic ally. Washington then deferred to Israel with respect to the repatriation of Palestinian refugees, the question of boundaries, and the fate of Jerusalem-issues that U.S. officials have come to realize are central to the 1948 conflict and its aftermath.
This work asks why in recent years the social and economic upheavals in Kuwait and Qatar have been accompanied by a remarkable political continuity. Professor Crystal investigates this apparent anomaly by examining the impact of oil on the formation and destruction of political coalitions and state institutions. Partly based on a year's fieldwork in the Gulf, and making full use of Arabic and Gulf sources, Oil and Politics in the Gulf aims to go beyond previously published accounts of the region in its analysis of the effects of oil on domestic politics.
Over the past 10 years, surging crude oil and petroleum product prices have increased oil and gas industry revenues and generated record profits, particularly for the top five major integrated companies (also known as the "super-majors"): Exxon-Mobil, Royal Dutch Shell, BP, Chevron, and Conoco/Phillips. These companies, which reported a predominant share of those profits, generated more than $100 billion in profits on nearly $1.5 trillion of revenues in 2007. From 2003 to 2007, revenues increased by 51%; net income (profits) increased by 85%. Being largely price-driven, with no increase in output, and with little new production resulting from increased oil industry investment, many believe that a portion of the increased oil industry income over this period represents a windfall and unearned gain, i.e., income not earned by any additional effort on the part of the firms, but due primarily to record crude oil prices, which are set in the world oil marketplace. Numerous bills have been introduced in the Congress over this period to impose a windfall profits tax (WPT) on oil. This book discusses these options.
Irene L. Gendzier presents incontrovertible evidence that oil politics played a significant role in the founding of Israel, the policy then adopted by the United States toward Palestinians, and subsequent U.S. involvement in the region. Consulting declassified U.S. government sources, as well as papers in the H.S. Truman Library, she uncovers little-known features of U.S. involvement in the region, including significant exchanges in the winter and spring of 1948 between the director of the Oil and Gas Division of the Interior Department and the representative of the Jewish Agency in the United States, months before Israel's independence and recognition by President Truman. Gendzier also shows that U.S. consuls and representatives abroad informed State Department officials, including the Secretary of State and the President, of the deleterious consequences of partition in Palestine. Yet the attempt to reconsider partition and replace it with a UN trusteeship for Palestine failed, jettisoned by Israel's declaration of independence. The results altered the regional balance of power and Washington's calculations of policy toward the new state. Prior to that, Gendzier reveals the U.S. endorsed the repatriation of Palestinian refugees in accord with UNGA Res 194 of Dec. 11, 1948, in addition to the resolution of territorial claims, the definition of boundaries, and the internationalization of Jerusalem. But U.S. interests in the Middle East, notably the protection of American oil interests, led U.S. officials to rethink Israel's military potential as a strategic ally. Washington then deferred to Israel with respect to the repatriation of Palestinian refugees, the question of boundaries, and the fate of Jerusalem-issues that U.S. officials have come to realize are central to the 1948 conflict and its aftermath.
Many on-site power plants either fail outright or perform far below expectations- all because of poor planning and evaluation of the power plants from the beginning. This book is intended to help those interested in cogeneration power plants by laying out a thorough and proven planning methodology for new facilities, as well as an evaluation methodology for existing facilities. There are many good reasons to want your own power plant including: improved power quality, increased reliability, and savings on energy expenses- buying power wholesale, rather than at retail prices. Although the economics are certainly important, there are a wide range of other advantages to consider, the relative value of which will vary depending on your unique circumstances.
Geosequestration involves the deep geological storage of carbon dioxide from major industrial sources, providing a potential solution for reducing the rate of increase of atmospheric concentrations of carbon dioxide and mitigating climate change. This volume provides an overview of the major geophysical techniques and analysis methods for monitoring the movement and predictability of carbon dioxide plumes underground. Comprising chapters from eminent researchers, the book is illustrated with practical examples and case studies of active projects and government initiatives, and discusses their successes and remaining challenges. A key case study from Norway demonstrates how governments and other stake-holders could estimate storage capacity and design storage projects that meet the requirements of regulatory authorities. Presenting reasons for embracing geosequestration, technical best practice for carbon management, and outlooks for the future, this volume provides a key reference for academic researchers, industry practitioners and graduate students looking to gain insight into subsurface carbon management.
A glut of oil, dropping prices, the threat of insolvency, a divided membership -- these developments in the early weeks of 1985 underline the cogency of Mohammed Ahrari's historical study of the OPEC oil cartel and his argument that economic forces, not politics, determine OPEC's action in the world arena. The impetus for the formation of OPEC in 1960 was the desire of the oil-producing states for greater income from their most valuable resource. The international oil corporations had secured lucrative concessions early in this century, and in the 1960s they still dictated both the terms of production and the prices paid the oil states. In the buyers' market of the 1960s, the organization found itself with little economic clout. But in the early 1970s, OPEC members succeeded not only in manipulating the price of crude oil but in reducing the status of the oil corporations to that of mere managers of upstream operations. In addition, they accumulated enormous numbers of petrodollars by exploiting increasingly tight markets in the aftermath of the oil embargo of 1973 and the Iranian revolution in 1979. The effects of OPEC policies on the consuming countries have been skyrocketing inflation and sustained recession, with profound political repercussions. But the OPEC members have found their apparent power an uncertain blessing, as Mr. Ahrari demonstrates. Their failure to develop pricing formulas sensitive to fluctuations in the international oil market have made them highly vulnerable. In addition, the political tensions emanating from the Iran-Iraq war and from the specter of repetition of Iranian-style revolution elsewhere in the Persian Gulf have made OPEC's continued viability highly uncertain.
Billions of dollars stolen from citizens are circling the globe, enriching powerful individuals, altering political outcomes, and disadvantaging everyday people. News headlines provide glimpses of how this corruption works and why it matters: President Trump's businesses struck deals with oligarchs and sold property to secretive shell companies; the Panama Papers leak triggered investigations in 79 countries; and, corruption scandals toppled heads of state in Brazil, South Africa, and South Korea. But how do these pieces fit together? And if the corruption is so vast and so tied up with powerful interests, how do we begin to fight back? To find answers, Crude Intentions examines the corruption crisis that erupted during the recent oil boom. From 2008 to 2014, oil prices shot through the roof. Motivated by more than nine trillion dollars in new oil money, corruption followed apace. Examining the oil boom is like placing a drop of dye in the circulatory system of global corruption, and watching as it reveals the system's channels and pathways. Company bosses signed off on risky schemes to snap up choice oil blocks. Politicians in Brazil and Nigeria stole billions to build up their election war chests. Kleptocrats in Angola, Azerbaijan, and Russia seized upon the oil wealth to cement their hold on power. And an army of bankers, accountants, and lawyers lined up to help these corrupt actors stash their loot in the global system of shell companies and tax havens that serves today's super-rich. The money then bought yachts, mansions, and even a few foreign politicians. Drawing on information exposed by intrepid journalists, prosecutors, and whistle blowers, Crude Intentions tells jaw-dropping stories of corruption and asks what we can learn from them. The cases reveal common tactics, but also vulnerabilities in this web of fraud. These are the starting points for building a smarter fight against corruption, in the oil sector and well beyond.
The Global Oil & Gas Industry: Stories from the Field relates specific examples of challenges in decision making, changing business practices, and the difficulties in executing complex projects across the global industry. From contentious border disputes over mineral rights to the emergence of industry disrupters shaking the status quo, each story presents contemporary issues to distill lessons that are transferrable to management challenges both inside and outside of the global oil and gas industry. Bestselling PennWell authors Andrew Inkpen and Michael Moffett join with industry expert Kannan Ramaswamy to provide a narrative of 18 stories, each highlighting a different aspect of the industry. This collection provides an enriching, thought-provoking look into a business that many believe to be globally mature, but as these stories intimate, are increasingly local, emerging, and evolving with the global economy. Features and Benefits: Examples of the complex business situations in oil and gas and how excellent (and sometimes less-than-excellent) leaders navigate these difficult circumstances. Insights into the decision making of oil and gas companies from around the world Different themes that span the entire industry value chain: upstream, midstream, and downstream Timeless truths for the hydrocarbon sector and for many other businesses
Oil is one of the world’s most important commodities, but few people know how its extraction affects the residents of petroleum-producing regions. In the 1960s, the Texaco corporation discovered crude in the territory of Ecuador’s indigenous Cofán nation. Within a decade, Ecuador had become a member of OPEC, and the Cofán watched as their forests fell, their rivers ran black, and their bodies succumbed to new illnesses. In 1993, they became plaintiffs in a multibillion-dollar lawsuit that aims to compensate them for the losses they have suffered. Yet even in the midst of a tragic toxic disaster, the Cofán have refused to be destroyed. While seeking reparations for oil’s assault on their lives, they remain committed to the survival of their language, culture, and rainforest homeland. Life in Oil presents the compelling, nuanced story of how the Cofán manage to endure at the center of Ecuadorian petroleum extraction. Michael L. Cepek has lived and worked with Cofán people for more than twenty years. In this highly accessible book, he goes well beyond popular and academic accounts of their suffering to share the largely unknown stories that Cofán people themselves create—the ones they tell in their own language, in their own communities, and to one another and the few outsiders they know and trust. Their words reveal that life in oil is a form of slow, confusing violence for some of the earth’s most marginalized, yet resilient, inhabitants.
Exploiting Seismic Waveforms introduces a range of recent developments in seismology including the application of correlation techniques, understanding of multi-scale heterogeneity and the extraction of structure and source information by seismic waveform inversion. It provides a full treatment of correlation methods for seismic noise and event signals, and develops inverse methods for both sources and structure. Higher frequency components of seismograms are frequently neglected, or removed by filtering, but they contain information about seismic structure on scales that cannot be revealed by seismic tomography. Sufficient computational resources are now available for waveform inversion for 3-D structure to be a practical procedure and this book describes suitable algorithms and examples reflecting current best practice. Intended for students and researchers in seismology, this book provides a physical understanding of seismic waveforms and the way that different aspects of the seismic wavefield are revealed by the way that seismic data are handled.
The availability of low-cost energy from fossil fuels - in particular oil - has been the driving force behind postwar global economic growth, such that the petroleum industry has some of the world's largest companies. This book examines the economics of the oil and gas industry, from exploration, development and production, to transportation, refining and marketing. At each stage of the value chain, the key economic costs and considerations are presented in order to provide the reader with a comprehensive understanding of the workings of the industry. The book examines some of the unique economic challenges the industry faces, including negotiating international contracts with host countries (to gain access to hydrocarbons), managing the risks of recovery, implementing cross-border pipelines, dealing with huge variations in the taxation of refined products, and reacting to the effect of price control and subsidization in the OPEC nations which can create massive volatility in pricing. The search for low-carbon fuels, the impact of shale gas, the prospect of finite reserves, and the global political realities of the competing demands of oil-importing and oil-exporting countries are shown to make the sector high risk, but the economic rewards can be huge.
Anointed with Oil is a groundbreaking new history of the United States that places the relationship between religious faith and oil together at the center of America's rise to global power in the nineteenth and twentieth centuries. As prize-winning historian Darren Dochuk reveals, from the earliest discovery of oil in America during the Civil War, Americans saw oil as the nation's special blessing and its peculiar burden, the source of its prophetic mission in the world. Over the century that followed and down to the present day, the oil industry's leaders and its ordinary workers together fundamentally transformed American religion, business, and politics--boosting America's ascent as the preeminent global power, giving shape to modern evangelical Christianity, fueling the rise of the Republican Right, and setting the terms for today's political and environmental uncertainties. Through extensive research in corporate, political, and community archives in the US and around the world, Dochuk brings to life a vast cast of characters: oil hunters, executives, powerbrokers, politicians, muckrakers, preachers, and ordinary oil patch residents. He profiles the generations of geologists and wildcat drillers who understood petroleum as a blessing from God, and the oil executives who developed an ideology of high-risk, high-reward entrepreneurialism by fusing notions of earthly dominion with trust in the supernatural. He examines how many oil workers and their families weathered the boom-bust economies of extraction zones like the Southwest by drawing closer to Christ. And he recounts how, after making their fortunes in "big oil," families such as the Rockefellers constructed enormous philanthropies and sought to uplift America and the world according to Judeo-Christian values and a vision of well-ordered markets--even as other independent tycoons who embraced a more fervent "wildcat religion" and enthusiasm for laissez-faire capitalism eventually dethroned these centrists and helped to usher conservatives like Ronald Reagan and George Bush to victory. Ranging from the Civil War to the present, from West Texas to Saudi Arabia to the Alberta Tar Sands, and from oil patch boomtowns to the White House, Anointed with Oil a sweeping, magisterial book that transforms how we understand modern America.
In "Petrolia," Brian Black offers a geographical and social history of a region that was not only the site of America's first oil boom but was also the world's largest oil producer between 1859 and 1873. Against the background of the growing demand for petroleum throughout and immediately following the Civil War, Black describes Oil Creek Valley's descent into environmental hell. Known as "Petrolia," the region charged the popular imagination with its nearly overnight transition from agriculture to industry. But so unrestrained were these early efforts at oil drilling, Black writes, that "the landscape came to be viewed only as an instrument out of which one could extract crude." In a very short time, Petrolia was a ruined place--environmentally, economically, and to some extent even culturally. Black gives historical detail and analysis to account for this transformation.
Ecuador is the third-largest foreign supplier of crude oil to the western United States. As the source of this oil, the Ecuadorian Amazon has borne the far-reaching social and environmental consequences of a growing U.S. demand for petroleum and the dynamics of economic globalization it necessitates. Crude Chronicles traces the emergence during the 1990s of a highly organized indigenous movement and its struggles against a U.S. oil company and Ecuadorian neoliberal policies. Against the backdrop of mounting government attempts to privatize and liberalize the national economy, Suzana Sawyer shows how neoliberal reforms in Ecuador led to a crisis of governance, accountability, and representation that spurred one of twentieth-century Latin America's strongest indigenous movements.Through her rich ethnography of indigenous marches, demonstrations, occupations, and negotiations, Sawyer tracks the growing sophistication of indigenous politics as Indians subverted, re-deployed, and, at times, capitulated to the dictates and desires of a transnational neoliberal logic. At the same time, she follows the multiple maneuvers and discourses that the multinational corporation and the Ecuadorian state used to circumscribe and contain indigenous opposition. Ultimately, Sawyer reveals that indigenous struggles over land and oil operations in Ecuador were as much about reconfiguring national and transnational inequality-that is, rupturing the silence around racial injustice, exacting spaces of accountability, and rewriting narratives of national belonging-as they were about the material use and extraction of rain-forest resources.
In August of 1942, Great Britain faced a desperate situation. German bombers hammered the nation's industrial cities and towns daily, and the toll in loss of life and resources rose steadily. Guy H. Woodward and Grace Steele Woodward tell for the first time the story of how the British, with the aid of forty-four oilfield roughnecks from the United States, developed vital shallow pools of oil in Britain's famed Sherwood Forest. THE SECRET OF SHERWOOD FOREST is based on thousands of reports, letters, and documents released to the authors in 1968. Guy H. Woodward was a lawyer, former general counsel for the Mid-Continent Oil and Gas Association in Washington, and former chair of the American Petroleum Institute's production section. Grace Steele Woodward was the author of numberous books, including THE CHEROKEES and POCAHONTAS also published by the University of Oklahoma Press.
This volume describes how controlled-source electromagnetic (CSEM) methods are used to determine the electrical conductivity and hydrocarbon content of the upper few kilometres of the Earth, on land and at sea. The authors show how the signal-to-noise ratio of the measured data may be maximised via suitable choice of acquisition and processing parameters and selection of subsequent data analysis procedures. Complete impulse responses for every electric and magnetic source and receiver configuration are derived, providing a guide to the expected response for real data. 1-D, 2-D and 3-D modelling and inversion procedures for recovery of Earth conductivity are presented, emphasising the importance of updating model parameters using complementary geophysical data and rock physics relations. Requiring no specialist prior knowledge of electromagnetic theory, and providing a step-by-step guide through the necessary mathematics, this book provides an accessible introduction for advanced students, researchers and industry practitioners in exploration geoscience and petroleum engineering.
In this book, Alan Taylor reveals that the history of Dorset's oil starts in the 1850s with attempts to extract oil and gas from mined oil shale at Kimmeridge. By the early twentieth century exploration geologists had realised the significance of oil seeps and other geological features found along the Dorset coast. It seemed that oil might lie in the rock strata at specific locations deep under the Dorset countryside. The author explains how exploration drilling, during a period of eighty years, led to the discovery of four producing oil fields by BP and others. The unfolding of the development of each field in such an environmentally sensitive area is described. One oilfield, Wytch Farm, has turned out to be the largest producing onshore oilfield in Western Europe. Access to databases held by HM Government's Oil and Gas Authority has enabled the author to produce a set of unique maps and diagrams to illustrate the historical development of Dorset's oil. Packed with interesting facts and stories, this is an essential book for those interested in Dorset's industrial history.
The Licit Life of Capitalism is both an account of a specific capitalist project-U.S. oil companies working off the shores of Equatorial Guinea-and a sweeping theorization of more general forms and processes that facilitate diverse capitalist projects around the world. Hannah Appel draws on extensive fieldwork with managers and rig workers, lawyers and bureaucrats, the expat wives of American oil executives and the Equatoguinean women who work in their homes, to turn conventional critiques of capitalism on their head, arguing that market practices do not merely exacerbate inequality; they are made by it. People and places differentially valued by gender, race, and colonial histories are the terrain on which the rules of capitalist economy are built. Appel shows how the corporate form and the contract, offshore rigs and economic theory are the assemblages of liberalism and race, expertise and gender, technology and domesticity that enable the licit life of capitalism-practices that are legally sanctioned, widely replicated, and ordinary, at the same time as they are messy, contested, and, arguably, indefensible.
Oil is the world's single most important commodity and its political effects are pervasive. Jeff D. Colgan extends the idea of the resource curse into the realm of international relations, exploring how countries form their foreign policy preferences and intentions. Why are some but not all oil-exporting 'petrostates' aggressive? To answer this question, a theory of aggressive foreign policy preferences is developed and then tested, using both quantitative and qualitative methods. Petro-Aggression shows that oil creates incentives that increase a petrostate's aggression, but also incentives for the opposite. The net effect depends critically on its domestic politics, especially the preferences of its leader. Revolutionary leaders are especially significant. Using case studies including Iraq, Iran, Libya, Saudi Arabia and Venezuela, this book offers new insight into why oil politics has a central role in global peace and conflict.
At the beginning of the twentieth century, the Austrian Empire ranked third among the world's oil-producing states (surpassed only by the United States and Russia), and accounted for five percent of global oil production. By 1918, the Central Powers did not have enough oil to maintain a modern military. How and why did the promise of oil fail Galicia (the province producing the oil) and the Empire? In a brilliantly conceived work, Alison Frank traces the interaction of technology, nationalist rhetoric, social tensions, provincial politics, and entrepreneurial vision in shaping the Galician oil industry. She portrays this often overlooked oil boom's transformation of the environment, and its reorientation of religious and social divisions that had defined a previously agrarian population, as surprising alliances among traditional foes sprang up among workers and entrepreneurs, at the workplace, and in the pubs and brothels of new oiltowns. Frank sets this complex story in a context of international finance, technological exchange, and Habsburg history as a sobering counterpoint to traditional modernization narratives. As the oil ran out, the economy, the population, and the environment returned largely to their former state, reminding us that there is nothing ineluctable about the consequences of industrial development.
Though oil prices have been on a downward trajectory in recent months, that doesn't obscure the fact that fossil fuels are finite, and we will eventually have to grapple with the end of their dominance. At the same time, however, skepticism about the alternatives remains: we've never quite achieved the promised 'too cheap to meter' power of the future, be it nuclear, solar, or wind. And hydrogen and bio-based fuels are thus far a disappointment. So what does the future of energy look like? The Tesla Revolution has the answers. In clear, unsensational style, Willem Middelkoop and Rembrandt Koppelaar offer a layman's tour of the energy landscape, now and to come. They show how rapid technological advances in batteries and solar technologies are already driving large-scale transformations in power supply, while economic and geopolitical changes, combined with a growing political awareness that there are alternatives to fossil fuels will combine in the coming years to bring an energy revolution ever closer. Within in our lifetimes, the authors argue, we will see changes that will reshape economics, the balance of political power, and even the most mundane aspects of our daily lives. Determinedly forward-looking and optimistic, though never straying from hard facts, The Tesla Revolution paints a striking picture of our global energy future.
Oil, Democracy, and Development in Africa presents an optimistic analysis of the continent s oil-producing states. With attention to the complex histories, the interactions of key industry actors and policy makers, and the goals of diverse groups in society, this contribution fills a gap in the literature on resource-abundant countries. John R. Heilbrunn presents a positive assessment of circumstances in contemporary African oil exporters. The book demonstrates that even those leaders who are among the least accountable use oil revenues to improve their citizens living standards, if only a little bit. As a consequence, African oil producers are growing economically and their people are living under increasingly democratic polities. Heilbrunn thus calls for a long-overdue reassessment of the impact of hydrocarbons on developing economies."
Bestselling author Bethany McLean reveals the true story of fracking's impact -- on Wall Street, the economy and geopolitics. The technology of fracking in shale rock -- particularly in the Permian Basin in Texas -- has transformed America into the world's top producer of both oil and natural gas. The U.S. is expected to be "energy independent" and a "net exporter" in less than a decade, a move that will upend global politics, destabilize Saudi Arabia, crush Russia's chokehold over Europe, and finally bolster American power again. Or will it? Investigative journalist Bethany McLean digs deep into the cycles of boom and bust that have plagued the American oil industry for the past decade, from the financial wizardry and mysterious death of fracking pioneer Aubrey McClendon, to the investors who are questioning the very economics of shale itself. McLean finds that fracking is a business built on attracting ever-more gigantic amounts of capital investment, while promises of huge returns have yet to bear out. Saudi America tells a remarkable story that will persuade you to think about the power of oil in a new way.
Oil was a basic source of conflict between the United States and Japan. This book examines the role played by the Standard-Vacuum Oil Company in the crisis that led to Pearl Harbor. "Stanvac" was the largest American supplier of oil to Japan and represented the single largest American direct investment in Asia before the war. In the context of Stanvac's relations with various governments, the author examines the ways in which United States petroleum policy was formulated and the arrangements by which Japan sought to increase its oil reserves. He provides new insight into the impact of the financial freeze of July 1941, the origins of the Pacific War, and the complexities of oil diplomacy. Originally published in 1975. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. |
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