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.

Gathering the right kind and the right amount of information is crucial for any decision-making process. This book presents a unified framework for assessing the value of potential data gathering schemes by integrating spatial modelling and decision analysis, with a focus on the Earth sciences. The authors discuss the value of imperfect versus perfect information, and the value of total versus partial information, where only subsets of the data are acquired. Concepts are illustrated using a suite of quantitative tools from decision analysis, such as decision trees and influence diagrams, as well as models for continuous and discrete dependent spatial variables, including Bayesian networks, Markov random fields, Gaussian processes, and multiple-point geostatistics. Unique in scope, this book is of interest to students, researchers and industry professionals in the Earth and environmental sciences, who use applied statistics and decision analysis techniques, and particularly to those working in petroleum, mining, and environmental geoscience.

Drawing on their extensive knowledge of the oil industry, Roberto F. Aguilera and Marian Radetzki provide an in-depth examination of the price of the world's most important commodity. They argue that although oil has experienced an extraordinary price increase over the past few decades, we have now reached a turning point where scarcity, uncertain supply and high prices will be replaced by abundance, undisturbed availability and suppressed price levels. They look at the potential of new global oil revolutions to bring the upward price push to an end and examine the implications of this turnaround for the world economy, as well as for politics, diplomacy, military interventions and the efforts to stabilize climate. This book will appeal to a wide readership of both academics and professionals working in the energy industry, as well as to general readers interested in the ongoing debate about oil prices.

In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy.
The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials.
Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigate unnecessary price spikes and improve investor and government decision-making.
The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry.

This is the story behind the greatest oil discovery success of last century and the building of the Trans Alaska pipeline. This book details and celebrates a colossal oil exploration feat and a world-class engineering and construction project.

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 policy makers.

Through innovative and expansive research, Oil Revolution analyzes the tensions faced and networks created by anti-colonial oil elites during the age of decolonization following World War II. This new community of elites stretched across Iran, Iraq, Saudi Arabia, Venezuela, Algeria, and Libya. First through their western educations and then in the United Nations, the Arab League, and the Organization of Petroleum Exporting Countries, these elites transformed the global oil industry. Their transnational work began in the early 1950s and culminated in the 1973-4 energy crisis and in the 1974 declaration of a New International Economic Order in the United Nations. Christopher R. W. Dietrich examines how these elites brokered and balanced their ambitions via access to oil, the most important natural resource of the modern era.

As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how-even from the oil industry's first years-wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions-first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC-succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations-including mistakes to avoid-as we confront the unwelcome return of boom and bust oil prices.

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

In the past decade, the need for oil in Asia's new industrial powers, China and India, has grown dramatically. The need for oil in Asia's new industrial powers, China and India, has grown dramatically. The New Kings of Crude takes the reader from the dusty streets of an African capital to Asia's glistening corporate towers to provide a first look at how the world's rising economies established new international oil empires in Sudan, amid one of Africa's longest-running and deadliest civil wars. For over a decade, Sudan fuelled the international rise of Chinese and Indian national oil companies. But the political turmoil surrounding the historic division of Africa's largest country, with the birth of South Sudan, challenged Asia's oil giants to chart a new course. Luke Patey weaves together the stories of hardened oilmen, powerful politicians, rebel fighters, and human rights activists to show how the lure of oil brought China and India into Sudan - only later to ensnare both in the messy politics of a divided country. His book also introduces the reader to the Chinese and Indian oilmen and politicians who were willing to become entangled in an African civil war in the pursuit of the world's most coveted resource. It offers a portrait of the challenges China and India are increasingly facing as emerging powers in the world.

This book combines dramatic narrative, arresting analysis and original research. It assesses BP's comparative performance, and focuses on how BP responded to the rise of new competitors, the decline of Britain's imperial power, and the determination of nation states to assert national sovereignty over oil. Climaxing with the OPEC crisis that shook the world in the 1970s, the book will be of wide interest and relevance, especially for those interested in big business, globalization and nationalism, international affairs, OPEC, the Middle East, and oil.

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.

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

Irvine Anderson carefully reconstructs the years between 1933 and 1950 and provides a case study of the evolution of U.S. foreign oil policy and of the complex relationships between the U.S. government and the business world.

Originally published in 1987.

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 paperback editions preserve the original texts of these important books while presenting them in durable paperback 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.

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!

Formally, Plunkett's Energy Industry Almanac, this in-depth reference tool to the energy industry covers everything from major oil companies to independents, utilities, pipelines, coal, LNG, oil field services, refiners and more. It features our famous trends and technologies analysis, and includes statistical tables, a glossary and our unique profiles of The Energy 500 Firms. The energy industry is boiling over with changes. Deregulation, new opportunities in foreign fields and markets, as well as environmental challenges are rushing together head-on to shape the energy and utilities business of the future. Meanwhile China has become a major energy importer and Russia has become a major exporter. Renewable and alternative energy sources are developing quickly, including big investments in wind power and solar power. This exciting new reference book covers everything from major oil companies to electric and gas utilities, plus pipelines, regulatory issues, investments, finance, research and development, refiners, retailers, oil field services and engineering. Petroleum topics include upstream and downstream. Additional topics include coal, natural gas and LNG. Statistical tables cover everything from energy consumption, production and reserves to imports, exports and prices. Next, our unique profiles of the Energy 500 Firms are also included, with such vital details as executive contacts by title, revenues, profits, types of business, Internet addresses, growth plans and more. You'll find a complete overview, industry analysis and market research report in one superb, value-priced package.

Geopressure, or pore pressure in subsurface rock formations impacts hydrocarbon resource estimation, drilling, and drilling safety in operations. This book provides a comprehensive overview of geopressure analysis bringing together rock physics, seismic technology, quantitative basin modeling and geomechanics. It provides a fundamental physical and geological basis for understanding geopressure by explaining the coupled mechanical and thermal processes. It also brings together state-of-the-art tools and technologies for analysis and detection of geopressure, along with the associated uncertainty. Prediction and detection of shallow geohazards and gas hydrates is also discussed and field examples are used to illustrate how models can be practically applied. With supplementary MATLAB (R) codes and exercises available online, this is an ideal resource for students, researchers and industry professionals in geoscience and petroleum engineering looking to understand and analyse subsurface formation pressure.

What does the future hold for oil and gas, what can we learn from the past and what role does law have to play in this? Using a unique temporal lens, this Research Handbook examines core themes in oil and gas regulation from historical, contemporary and forward-looking perspectives. Structured in three distinct parts, this Research Handbook begins by detailing the past dominance of oil, charting the role and influence of legal instruments and regulatory regimes governing petroleum. Using a diverse range of case study perspectives over several jurisdictions, the Research Handbook then turns to oil and gas in the modern world, with critical discussion of current petroleum legal regimes. It concludes with a series of forward-looking chapters that consider the future challenges and opportunities for oil and gas, and how petroleum-dependent states can both regulate and facilitate the age of energy transition. Surveying the technological shifts of the oil and gas sector through time, this comprehensive Research Handbook will prove an invigorating read for scholars and students of energy and natural resource law disciplines. Its discussion of emerging technologies and community impact will prove particularly useful to regulators, policymakers, corporations and legal practitioners concerned with the future of energy.

During the 1970s, owing to their oil 'rents', Algeria, Iraq and Libya all seemed engaged in a swift modernization process. Oil was the godsend that would enable these states to catch up economically. Algeria was a Mediterranean dragon,A" Libya an emirateA" and Iraq the rising military powerA" of the Arab world. From a political perspective, progressive socialism suggested that profound changes were underway: women's liberation, urbanization, education for all, longer life expectancy and so on. A few decades later, the disillusion is a cruel one. The sense of wealth led these countries to undertake political, economic and military experiments that would lead to impasses with disastrous consequences that they are still trying to overcome. How did it all happen? Can these countries dispense with far-reaching reforms? Can the EU export its norms and values and protect its gas supply? The present work offers the first global approach to the subject.

From the famous oilpatch that spread from West Texas to New Mexico, Alaska, China, and other locales, Hubert H. Hays (1935-2005) drilled for oil. He drilled for fifty years-and he was good at it. He knew what negative 70 degrees does to casing and drill pipe. He knew what 500 degrees downhole does to affect drilling. He set records drilling gas wells and never had a blowout. Hays had a worldwide reputation that preceded him, and he probably drilled as many wells as any other man during his time. But alongside learning the ins and outs needed for such a successful five-decade career in oil, Hays came to know the eclectic cast of roughnecks that can make up a good crew. He heard about the colorful lives they led and the myriad paths oilmen take. Driller, compiled from notes and recordings by his wife Catherine and edited by Russ McAfee, tells the story of Hays's life in oil: the ups and downs, the wisdom and the difficulty of the center of our energy needs. Readers will come away with invaluable technical knowledge, colorful stories, and a clear-eyed sense of the real oilfield seen by the men who plumb the earth for energy.

Framed for a global audience, William Hughes' new book provides a fundamental basis for understanding legal problems commonly encountered when doing business in the international oil and gas industry. Hughes- a Harvard Law School graduate, practicing attorney, adjunct professor, and Fulbright scholar- devotes substantial attention to industry legal problems arising under non-U.S. legal systems, such as those in the European Union and Islamic law regimes. Including case studies and end-of-chapter questions and notes, Fundamentals of International Oil & Gas Law is an excellent desk reference, course textbook, or introductory guide.

In 2001, Kenneth Deffeyes made a grim prediction: world oil production would reach a peak within the next decade--and there was nothing anyone could do to stop it. Deffeyes's claim echoed the work of geophysicist M. King Hubbert, who in 1956 predicted that U.S. oil production would reach its highest level in the early 1970s. Though roundly criticized by oil experts and economists, Hubbert's prediction came true in 1970.

In this updated edition of "Hubbert's Peak," Deffeyes explains the crisis that few now deny we are headed toward. Using geology and economics, he shows how everything from the rising price of groceries to the subprime mortgage crisis has been exacerbated by the shrinking supply--and growing price--of oil. Although there is no easy solution to these problems, Deffeyes argues that the first step is understanding the trouble that we are in.

An inspirational memoir from a remarkable leader. Once a lacklustre organisation, BP became one of the world's biggest, most successful and most admired companies in the new millennium. John Browne, the company's CEO for 12 years, invented the oil 'supermajor' and led the way on issues such as climate change, human rights and transparency. In BEYOND BUSINESS, Browne brings to life what he learned about leadership in a tough industry. His story encompasses the insights gained as he transformed a national company, challenged an entire industry and prompted political and business leaders to change. He takes us across the world on adventures that include going toe-to-toe with both tyrants and elected leaders, and involve engineering feats which in many ways rival those of going to the moon. And he shares his views on the true purpose of business and the leadership needed to tackle the grand challenges of our era. It is also a story of failure and human frailty, as Browne reveals how his private and public lives collided at frightening speed in full view of the world, prompting his abrupt resignation as CEO of BP.

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.

Petrocinema presents a collection of essays concerning the close relationship between the oil industry and modern media—especially film. Since the early 1920s, oil extracting companies such as Standard Oil, Royal Dutch/Shell, ConocoPhillips, or Statoil have been producing and circulating moving images for various purposes including research and training, safety, process observation, or promotion. Such industrial and sponsored films include documentaries, educationals, and commercials that formed part of a larger cultural project to transform the image of oil exploitation, creating media interfaces that would allow corporations to coordinate their goals with broader cultural and societal concerns. Falling outside of the domain of conventional cinema, such films firmly belong to an emerging canon of sponsored and educational film and media that has developed over the past decade. Contributing to this burgeoning field of sponsored and educational film scholarship, chapters in this book bear on the intersecting cultural histories of oil extraction and media history by looking closely at moving image imaginaries of the oil industry, from the earliest origins or “spills” in the 20th century to today’s post industrial “petromelancholia.”