A legend among oilmen, Tom Slick was an independent operator in the truest sense. His office was his buggy during his early days of wildcatting the Mid-Continent oil field around 1910. And even after great success brought him to posher surroundings in an Oklahoma City office suite, his style remained hands-on. His impromptu deals were often brokered on street corners and over the telephone in his typical laconic style. Well into the 1920s he was the last of a breed who had no stock holders or board members to answer to, and instead "worked out of his hip pocket." Slick's extraordinary rise paralleled that of the modern petroleum industry. He began his career in the oil fields of western Pennsylvania, the birthplace of the American oil business. Before 1910, he headed west, traveling with his father and brother to the fields of Kansas to work as contract drillers. Slick met with failure in these early years, as he moved on to Oklahoma in an attempt to locate oil. In 1912 he received the financial backing to drill one more well, which turned out to be the discovery well for the vast Cushing Field. This amazing success was followed by more discoveries of fields - a frenzy of acquiring, drilling, then selling that in 1929 culminated with Slick's sale of his Oklahoma holdings in the Prairie Oil and Gas Company - up until that time, the largest sale of oil properties by an individual. In this first biography of Tom Slick, Ray Miles fleshes out the man who, despite his legendary drive - and the high-profile nature of the oil business - was exceedingly private and withdrawn. Miles relies on newspaper accounts, court and business records, correspondence, and personal interviews with family, friends, and associates to render a portrait of one of the most successful and colorful, yet elusive, businessmen of his day.

This text analyses the causes and far-reaching consequences of Iran's oil nationalization during the 1950s, focusing on the extensive and misguided involvement of the United States and Great Britain.

"In the United States, proposals for gasoline tax hikes have consistently met with broad-based congressional opposition. Although such taxes are a common and effective method of conserving energy in other industrialized nations, U.S. policy has traditionally relied on regulatory programs rather than fuel taxes to promote energy efficiency in automotive transportation. This book examines both the political causes and the economic effects of this idiosyncratic policy preference. Moderating the consumption and importation of oil has been an explicit goal of the United States over the past twenty years. Pietro S. Nivola and Robert W. Crandall argue that a higher levy on gasoline would be a more efficient way of achieving this goal than current automotive fuel economy standards. In fact, they find that an additional excise of less than twenty-five cents per gallon over the past dozen years would have conserved more oil than has the existing policy of administering gas mileage requirements for new passenger vehicles. And such a tax, they maintain, would not be as detrimental to the economy as opponents fear, nor as regressive as they claim. Why, then, is there such a strong national resistance to a fuel tax in the United States? And why is there less resistance in other countries? The authors examine the development of motor-fuel excises in Great Britain, France, Germany, Japan, and Canada, and explain the historical and political factors that have led to different national policy orientations. Turning their attention back to the United States, Nivola and Crandall show how regulatory measures have fallen short of their goal and why political barriers to bolder taxation of gasoline remain formidable. They conclude by offering suggestions for new directions in U.S. energy policy at the federal, state, and local level. "

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 practical examples and step-by-step calculations in the book, partnered with illustrations and diagrams, make the text easy to read and understand. Johnston does an excellent job clarifying international oilfield taxation and regulation in the same way he explained oilfield accounting in his other PennWell title, Oil Company Financial Analysis in Nontechnical Language. Covers everything from historical development of contracts to terminology of accounting and negotiations, to threshold field size analysis, to arithmetic behind contract terms, and much more.

In the last quarter of the twentieth century the United States is both more involved in the global political economy and less able to shape its course. In this lucid and theoretically sophiticated book, Ikenberry focuses on the oil price shocks of 1973-74 and 1979, which placed extraordinary new burdens on governments worldwide and partiuclarly on that of the United States.

The Polar North is known to be home to large gas and oil reserves and its positionholds signifi cant trading and military advantages, yet the maritime boundaries of the region remain ill-defined. In the twenty-first century the Arctic is undergoing profound change. As the sea ice melts, a result of accelerating climate change, global governance has become vital. In this first of three volumes, the latest research and analysis from the Fridtjof Nansen Institute, the world's leading Arctic research body, is brought together. Arctic Governance: Law and Politics investigates the legal and political order of the Polar North, focusing on governance structures and the Law of the Sea. Are the current mechanisms at work effective? Are the Arctic states' interests really clashing, or is the atmosphere of a more cooperative nature? Skilfully delineating policy in the region and analysing the consequences of treaty agreements, Arctic Governance's uncovering of a rather orderly 'Arctic race' will become an indispensable contribution to contemporary International Relations concerning the Polar North.

Seismic data must be interpreted using digital signal processing techniques in order to create accurate representations of petroleum reservoirs and the interior structure of the Earth. This book provides an advanced overview of digital signal processing (DSP) and its applications to exploration seismology using real-world examples. The book begins by introducing seismic theory, describing how to identify seismic events in terms of signals and noise, and how to convert seismic data into the language of DSP. Deterministic DSP is then covered, together with non-conventional sampling techniques. The final part covers statistical seismic signal processing via Wiener optimum filtering, deconvolution, linear-prediction filtering and seismic wavelet processing. With over sixty end-of-chapter exercises, seismic data sets and data processing MATLAB codes included, this is an ideal resource for electrical engineering students unfamiliar with seismic data, and for Earth Scientists and petroleum professionals interested in DSP techniques.

"Oil," writes Ruth Sheldon Knowles, "is the most hazardous, expensive, heartbreaking gambling game in the world." And, as this book dramatically proves, the men who have been the gamblers of the American oil business have been some of the most colorful and fantastic personalities in our history.

"The Greatest Gamblers "is the story of our remarkable oilmen and the vast industry they have created-from its simple beginnings in 1859 at Titusville, Pennsylvania, to the big-business oil operations of today. Here are the wildcatters, the prospectors, the scientists, the hunch players (Mrs. Knowles points out that independent oilmen have discovered more than three-fourths of America's oil fields). Here you will meet "unlucky" Dad Joiner, whose fortunes changed only in his seventies when a worthless ten-acre tract of Texas wasteland proved the key to one of America's two biggest oil fields; and H. 1. Hunt, who parlayed an oil lease he won at a poker game into an oil business that made him one of the richest men in the United States.

Harry Sinclair ... Tom Slick ... Mike Benedum ... Everette DeGolyer ... Charles Canfield ... Edward Doheny -- the pages of this book are crowded with the stories of such men, their tough boom towns, their dogged persistence and wild successes, and the brutal competition they faced.

But "The Greatest Gambler "is also the story of a prospectors' rush that has become an organized industry. An absorbing portion of the book tells how the industry has found new uses for petroleum and its by products, and how this sometimes involved as much heartbreak as prospecting. There were the ships that exploded when oilmen first tried to market petroleum as marine fuel, the locomotive roundhouse that blew up when they first tried to convert railroads to oil. Mrs. Knowles discusses knowledgeably the present predicament of the petroleum industry and what is necessary to find and develop America's remaining great oil and gas resources. "The Greatest Gamblers "is a lively and authoritative account of what is probably the most fascinating and adventurous business of all.

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.

In January 1969, the blowout on an offshore oil platform off the coast of Santa Barbara, California, and the resulting oil spill proved to be a transformative event in pollution control and the nascent environmental activism movement. It accelerated the advancement of federal government policies and would change the way the federal government managed environmental pollution. Over the next three years, Congress worked to pass laws such as the National Environmental Policy Act and the Clean Water Act, and revolutionized the way that the United States dealt with environmental pollution. At the same time, scientists developed methods to detect chemical pollution that had been discharged into rivers and streams by industrial facilities. Slick Policy presents an original and in-depth history of the 1969 Santa Barbara spill. Teresa Sabol Spezio provides a background of water pollution control, government oversight of federally-funded projects, and chemical detection methods in place prior to the spill. She then shows how scientists and politicians used public outrage over the spill to implement wide-ranging changes to federal environmental and science policy, and demonstrates the advancements to offshore oil drilling, pollution technology, and water protection law that resulted from these actions.

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.

The Organization of the Petroleum Exporting Countries (OPEC) is one of the most recognizable acronyms among international organizations. It is mainly associated with the 'oil shock' of 1973 when prices of petroleum quadrupled and industrialized countries and consumers were forced to face the limits of their development model. This is the first history of OPEC and of its members written by a professional historian. It carries the reader from the formation of the first petrostate in the world, Venezuela in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s. Formed in 1960, OPEC was the first international organization of the Global South. It was perceived as acting as the economic 'spearhead' of the Global South and acquired a role that went far beyond the realm of oil politics. Petrostates such as Venezuela, Nigeria, Algeria, Saudi Arabia, Iraq, and Iran were (and continue to be) key regional actors, and their enduring cooperation, defying wide political and cultural differences and even wars, speaks to the centrality of natural resources in the history of the twentieth century, and to the underlying conflict between producers and consumers of these natural resources.

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.

Beneath Venezuelan soil lies an ocean of crude-the world's largest reserves-an oil patch that shaped the nature of the global energy business. Unfortunately, a dysfunctional anti-American, leftist government controls this vast resource and has used its wealth to foster voter support, ultimately wreaking economic havoc. Crude Nation reveals the ways in which this mismanagement has led to Venezuela's economic ruin and turned the country into a cautionary tale for the world. Raul Gallegos, a former Caracas-based oil correspondent, paints a picture both vivid and analytical of the country's economic decline, the government's foolhardy economic policies, and the wrecked lives of Venezuelans. Without transparency, the Venezuelan government uses oil money to subsidize life for its citizens in myriad unsustainable ways, while regulating nearly every aspect of day-to-day existence in Venezuela. This has created a paradox in which citizens can fill up the tanks of their SUVs for less than one American dollar while simultaneously enduring nationwide shortages of staples such as milk, sugar, and toilet paper. Gallegos's insightful analysis shows how mismanagement has ruined Venezuela again and again over the past century and lays out how Venezuelans can begin to fix their country, a nation that can play an important role in the global energy industry.

In Chapter One, L. Khotseng and G. Vaivars provide an overview of the recent advances in electrocatalysts for direct methanol fuel cells for both anode and cathode catalysts in order to present direct methanol fuel cells as an alternative power source for portable devices. In Chapter Two, Nobuyoshi Nakagawa, Mohammad Ali Abdelkareem, Takuya Tsujiguchi, and Mohd Shahbudin Masdar propose a fuel supply layer using a porous carbon plate (PCP) for DMFCs allowing for the use of high methanol concentrations. The proposed layer is comprised of a thin PCP layer, as well as a gap layer that has a mechanism to supply the methanol as a vapor. Next, Chapter Three by D.S. Falcao, J. P. Pereira, and A.M.F.R. Pinto review the multiphase flow in fuel cells modelling approaches while also reviewing the flow visualisation techniques for flow analysis in fuel cells. Chapter Four by B.A. Braz, V.B. Oliveira, and A.M.F.R. Pinto closes the book by discussing the key work that has been done to improve the passive DMFC performance and providing a review on the most recent developments in passive DMFCs.

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.

This encyclopedia presents important research on Cuba. Some of the topics discussed herein include Cuba's policies and relations with the United States; Cuba broadcasting; human rights; offshore oil development; legislative restrictions limiting the normalization of relations; and the reengagement of detainees formerly held at Guantanamo Bay, Cuba.

After discussing the basic methodology of life-cycle assessments and examining the choice of boundaries, design features, and input assumptions, this book compares several of the publicly available assessments of life-cycle emissions data for Canadian oil sands crudes against each other and against those of other global reference crudes. As congressional concern over the environmental impacts of Canadian oil sands production may encompass both a broad understanding of the global resource as well as a specific assessment of the proposed Keystone XL pipeline, the book surveys both the general scientific literature as well as the individual findings of the State Department's Keystone XL Project Environmental Impact Statement. As life-cycle assessments have become an influential, albeit developing, methodology for collecting, analysing, and comparing GHG emissions, this book concludes with a discussion of some tools for policy-makers who are interested in using these assessments to investigate the potential impacts of U.S. energy policy choices on the environment.

High oil prices affect nearly every household and business in the United States. During the course of 2008, oil prices doubled to over $145 per barrel and then fell by 80%. In early 2011, there was a run-up of about 20%, sending gasoline prices to near 2008 highs. This book provides background on financial speculation in oil, the workings of oil derivatives markets, and the different types of firms that trade in those markets. Also discussed are the concepts of manipulation and excessive speculation, and the fundamental factors that affect oil prices.

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.

While billions have been provided to rebuild Iraq's oil and electricity sectors, Iraq's future needs are significant and sources of funding uncertain. For fiscal years 2003 through 2006, the United States made available about $7.4 billion and spent about $5.1 billion to rebuild the oil and electricity sectors. The United States spent an additional $3.8 billion in Iraqi funds on the two sectors, primarily on oil and electricity sector contracts administered by U.S. agencies. However, according to various estimates and officials, Iraq will need billions of additional dollars to rebuild, maintain, and secure Iraq's oil and electricity sectors. The Ministry of Electricity estimates that about $27 billion will be needed to meet the sector's future rebuilding requirements; a comparable estimate has not been developed by the Ministry of Oil. Since the majority (about 70 percent) of U.S. funds has been spent, the Iraqi government and the international donor community represent important sources of potential funding. However, prospects of such funding are uncertain. First, the Oil and Electricity Ministries have encountered difficulties spending capital improvement budgets because of weaknesses in budgeting, procurement, and financial management. As of November 2006, the Ministry of Oil had spent less than 3 percent of its $3.5 billion 2006 capital budget to improve Iraq's oil facilities. Second, Iraq has not made full use of potential international contributions and it is unclear what additional financial commitments, if any, will be provided to Iraq's oil and electricity sectors as part of a new international compact (agreement), according to U.S. officials. As of March 2007, donors had committed $580 million in grants for the electricity sector and had offered loans for oil and electricity projects; however, Iraq has not accessed these loans in part due to concerns about its high debt burden.

The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. Dealing with world oil production peaking will be extremely complex, involve literally trillions of dollars and require many years of intense effort. To explore these complexities, three alternative mitigation scenarios are analysed: scenario I assumes that action is not initiated until peaking occurs; scenario II assumes that action is initiated 10 years before peaking; scenario III assumes action is initiated 20 years before peaking. For this analysis estimates of the possible contributions of each mitigation option were developed, based on an assumed crash program rate of implementation.