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Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
The recent escalation in the violent conflict in the Niger Delta has brought the region to the forefront of international energy and security concerns. This book analyses the causes, dynamics and politics underpinning oil-related violence in the Niger Delta region of Nigeria. It focuses on the drivers of the conflict, as well as the ways the crises spawned by the political economy of oil and contradictions within Nigeria's ethnic politics have contributed to the morphing of initially poorly coordinated, largely non-violent protests into a pan-Delta insurgency. Approaching the issue from a number of perspectives, the book offers the most up-to-date and comprehensive analysis available of the varied dimensions of the conflict. Combining empirically-based and analytic chapters, it attempts to explain the causes of the escalation in violence, the various actors, levels and dynamics involved, and the policy challenges faced with regard to conflict management/resolution and the options for peace. It also examines the role of oil as a commodity of global strategic significance, addressing the relationship between oil, energy security and development in the Niger Delta.
The Organisation of Petroleum Exporting Countries, commonly known as OPEC, has been a notoriously opaque and mysterious organization. In this book, Fadil J. Chalabi, an insider who spent many years at the heart of the organization as Iraq's permanent undersecretary for oil, invites us to discover the intrigue and arguments that have shaped OPEC policy since its inception in 1960. The author interweaves his analysis with first-hand experiences that give authenticity to momentous events, including the infamous 1975 Vienna hostage-taking when Carlos the Jackal kidnapped a number of OPEC ministers, including the author. From the time of Egypt under Nasser, Gaddafi's Libya, Saddam's Iraq and Khomeini's Iranian revolution, Chalabi uses his unique position and his unparallelled insider knowledge to illuminate an organization that has, at times, been accused of fomenting economic turmoil, political unrest and even military action. Benefiting from the perspective of an insider who understands the inner workings of OPEC and its dramatic impact on world politics and economics, this book is an essential read for those who wish to look beyond the myths of this highly influential and at times controversial organization.
The recent escalation in the violent conflict in the Niger Delta has brought the region to the forefront of international energy and security concerns. This book analyses the causes, dynamics and politics underpinning oil-related violence in the Niger Delta region of Nigeria. It focuses on the drivers of the conflict, as well as the ways the crises spawned by the political economy of oil and contradictions within Nigeria's ethnic politics have contributed to the morphing of initially poorly coordinated, largely non-violent protests into a pan-Delta insurgency. Approaching the issue from a number of perspectives, the book offers the most up-to-date and comprehensive analysis available of the varied dimensions of the conflict. Combining empirically-based and analytic chapters, it attempts to explain the causes of the escalation in violence, the various actors, levels and dynamics involved, and the policy challenges faced with regard to conflict management/resolution and the options for peace. It also examines the role of oil as a commodity of global strategic significance, addressing the relationship between oil, energy security and development in the Niger Delta.
"The real story of global oil over the past twenty-five years is not about the spillover effects of Palestinians fighting Israelis, or terrorist attacks on U.S. forces in Saudi Arabia and Yemen, or Iraq's stormy relationship with Kuwait. It is not even about periodic small- and large-scale U.S. attacks on Iraq. Rather, the real story is about longer-term developments that have changed the international relations of the Middle East, politics at the global level, and world oil markets. These developments have increased oil stability." from the Introduction Thirty years after OAPEC shattered world markets for oil, the Western world remains profoundly dependent on foreign, particularly Middle Eastern, sources of petroleum. U.S. political rhetoric is suffused with claims about the vulnerability caused by this dependence. Hence, many political analysts assume that a search for stability of petroleum supplies is an important element of contemporary American foreign policy. Steve A. Yetiv argues that common assumptions about oil markets are wrong. Although prices remain volatile, Yetiv's account portrays a world market in petroleum products far more benign and predictable than the one to which we are accustomed. In Crude Awakenings, he identifies and analyzes real and potential threats to the global energy supply, including wars, revolutions, coups, dangerous alliances, oil embargoes, Islamic radicalism, and transnational terrorism. However, he also shows how some of these threats have been mitigated and how global oil security has been reinforced."
Out of sight, out of mind. That's the general public's reaction to the crucial movement of oil around the world's oceans. Yet this vital supply chain that allows the world to function is constantly under enormous, largely unreported pressure. The uninterrupted flow of oil is essential to globalization and increasingly so as manufacturing and markets move Eastwards to Asia. However, it is threatened by conflicts between nation states, pirates and global warming. All too often the movement of oil by ocean is something taken for granted by the majority of the world yet it is fraught with difficulty, and could haemorrhage global growth if issues covered in this book are not resolved or allowed to escalate. From reporting onboard giant tankers to looking at the geopolitical shift in oil consumption, "Oil on Water" is holistic, all encompassing and engrossing look at the way oil is moved and consumed mixing reportage, examples and hard-hitting facts.
'The Squeeze' is an invaluable account of the modern oil industry and vital to understanding the awful truth about the current disaster in the Gulf of Mexico. With unprecedented access to their engineers and executives in London and Houston, Tom Bower tells the inside story of BP's history of alleged negligence. Over the last 20 years, oil prices have soared from $7 a barrel to $147 and down to $37. Amid economic boom and bust, speculators, traders, politicians and monarchs have plotted to earn fortunes from oil, and prayed for salvation from unpredictable natural and man-made disasters. Behind the headlines are the crushing rivalries between men and women exploring for oil five miles beneath the sea, battling for control of the world's biggest corporations and gambling billions of dollars twenty-four hours every day on oil prices. Success or failure for all those extraordinary personalities depends on squeezing their rivals and squeezing the crude out of the rocks. Overweening vanity and greed absorb those titans whose ambitions are forging the world's quest for oil. Exploiting unprecedented close access to the lives of irrepressible traders in New York, oil-oligarchs in Moscow, corporate chieftains in Dallas and London and wily politicians floating in jets across the globe, Tom Bower presents the untold story of the most important quandary of our times: why, if there is plentiful oil in the earth, does mankind face a dire shortage threatening our lives? Self-interest is propelling the squeeze and there seems to be no salvation.
The world as we have known it for the past century would have been very different without petroleum. Petroleum, particularly in the form of crude oil and its refined products, has been central to all aspects of modern industrial society and has been a major strategic geopolitical objective for nations. The 20th century was the age of oil, and at least part of the 21st century will be as well. Petroleum is used as an energy source and as a raw material for the production of an immense variety of chemicals and synthetic materials. Almost all the world's food relies on petroleum for fertilizer, pesticides, cultivation, or transport. Petroleum has been particularly dominant as a source of transportation fuels, an application for which cost-effective substitutes will be especially difficult to find. The A to Z of the Petroleum Industry presents a concise but complete one-volume reference on the history of the petroleum industry from pre-modern times to the present day. This is done through a chronology, an introductory essay, and over 400 cross-referenced dictionary entries on companies, people, places, events, technologies, and phenomena related to the history of the world's petroleum industry. Anyone interested in the history, status, and outlook for the petroleum industry will find this book a uniquely valuable source.
The price and availability of oil and natural gas affects every American. That's why it is important that the Energy Committee's first hearing of the 110th Congress focused on the global oil situation and its implications for U.S. economic and national security interests. As a nation, we now depend on oil imports to meet sixty percent of our oil needs. Even modest disruptions in the world supply can result in price spikes at the pump, as we have seen in recent years. First, there is little surplus production capacity relative to global demand. Much of the current production is controlled by national oil companies that are often making political rather than economic decisions, and are not making the investments needed to maintain and expand production capacity. This book examines the geopolitical factors surrounding the acquisition of oil supplies.
The GCC petrochemicals industry is going through a period of unprecedented expansion. The global petrochemical producers and technology providers alike are investing billions of dollars in GCC petrochemicals projects. The strategies for GCC petrochemical investment suggested in this book take into account the entire value chain and discuss the appropriate actions at each point in a integrated manner. It is important for investment planners to understand these issues, in order to develop or modify their strategies that ensure expeditious development for robust petrochemical projects in this region.
Oil leaks from aboveground tanks have contaminated soil and water, threatening human health and wildlife. To prevent damage from oil spills, the Environmental Protection Agency (EPA) issued the Spill Prevention, Control, and Countermeasure (SPCC) rule in 1973. EPA's 10 regions inspect oil storage facilities to ensure compliance with the rule. EPA estimates that about 571,000 facilities are subject to this rule. Some states also regulate oil storage tanks. GAO determined (1) how EPA regions implement the SPCC program, (2) the data EPA has to implement and evaluate the program, and (3) whether some states' tank programs suggest ways for EPA to improve its program. GAO surveyed all 10 EPA regions and interviewed officials in EPA and six states selected on the basis of experts' recommendations, among other criteria.
Refine your path to career success Get started in a career that has a promising future and is financially rewarding. "Opportunities in Petroleum Careers" provides you with a complete overview of the job possibilities, salary figures, and experience required to enter the petroleum industry. This career-boosting book will help you: Determine the specialty that's right for you, from scientific research to oil refining to petroleum sales Acquire in-depth knowledge of the petroleum industry Find out what kind of salary you can expect Understand the daily routine of your chosen field Focus your job search using industry resources ENJOY A GREAT CAREER AS A:
Alberta's oil sands represent a vast and untapped oil reserve that could reasonably supply all of Canada's energy needs for the next 475 years. With an estimated 300 billion barrels of recoverable oil at stake, the quest to develop this natural resource has been undertaken by many powerful actors, both nationally and internationally. Using research that integrates the economic, political, scientific, and business factors that have been influential in discovering and developing the sands, this book provides a comprehensive history of the oil sands project and a window on the nature of the complex relationships between industry, government, and transnational players. This book is the first comprehensive volume to examine the origins and development of the oil sands industry over the last century.
Born on a farm near Anahuac, Texas, in 1875 and possessed of only a fourth-grade education, Ross Sterling was one of the most successful Texans of his generation. Driven by a relentless work ethic, he become a wealthy oilman, banker, newspaper publisher, and, from 1931 to 1933, one-term governor of Texas. Sterling was the principal founder of the Humble Oil and Refining Company, which eventually became the largest division of the ExxonMobil Corporation, as well as the owner of the Houston Post. Eager to "preserve a narrative record of his life and deeds," Ross Sterling hired Ed Kilman, an old friend and editorial page editor of the Houston Post, to write his biography. Though the book was nearly finished before Sterling's death in 1949, it never found a publisher due to Kilman's florid writing style and overly hagiographic portrayal of Sterling. In this volume, by contrast, editor Don Carleton uses the original oral history dictated by Ross Sterling to Ed Kilman to present the former governor's life story in his own words. Sterling vividly describes his formative years, early business ventures, and active role in developing the Texas oil industry. He also recalls his political career, from his appointment to the Texas Highway Commission to his term as governor, ending with his controversial defeat for reelection by "Ma" Ferguson. Sterling's reminiscences constitute an important primary source not only on the life of a Texan who deserves to be more widely remembered, but also on the history of Houston and the growth of the American oil industry.
In 2006, world oil consumption will exceed one. thousand barrels per second. The news marks an. important change that will have a far-reaching. impact on world economies, investments, and business. profitability.. In "A Thousand Barrels a Second," Chief Energy. Economist of ARC Financial Peter Tertzakian. delivers a provocative look at the future of oil and. offers fresh insight into what it will take. to rebalance our energy needs and seize new. opportunities.. Tertzakian provides a unique analysis of shifts in. energy trends, describing how past critical junctures. -what he calls energy break points-developed, . evolved, and shaped nations; changed consumer. behavior; and launched or ruined businesses.. With the world already consuming 85 million. barrels of oil a day, Tertzakian answers the top. questions that business leaders, policy makers, . investors, and concerned citizens are asking him. as we approach the coming break point: . . Are today's high oil and gas prices. part of a routine business cycle, or are. there more profound forces at play?. Have we entered a new multi-polar. world where energy is the primary. source of geopolitical tension?. Are hybrid vehicles our only solution. against high gasoline prices?. Is China's growing thirst for energy. sustainable?. What sort of global landscape will. emerge from the turmoil?. Which government policies work and. which do not?. Will nuclear power and coal save the. day-again?. . Tertzakian also offers a realistic, informed look. into the volatile future of our energy supply chains. and how our consumption patterns may evolve, . revealing how governments, businesses, and even. individuals can meet the coming challengeswith. better solutions and innovations.. Serving as a sobering yet hopeful wake-up call, . this book shows how the lessons of history will. help us find our way toward a better, more. secure energy future.. .
In the wake of World War I, British attempts to exclude American oil companies from Iraq and Persia caused serious strains in Anglo-American relations. In May 1921 an 'oil entente' was reached that granted American oil companies an 'open door' and 'equal opportunity' in Iraq, and in return America acknowledged British domination of Persia and monopoly of its oil. This entente was soon tested when Persians gave an oil concession to the Sinclair Oil Company of New York and tried to rid themselves of the recently installed Pahlavi dictatorship. It was in the midst of this unrest, in May of 1924, that American Vice-Consul Robert Imbrie arrived in Tehran. Almost immediately after his arrival, Imbrie began sending reports to Washington that were highly critical of the British policies in Persia. On July 18, 1924, Imbrie was brutally murdered in Tehran, supposedly by a mob of religious fanatics. To save face and avoid international complications, the U.S. government accepted the Persian government's version of the killing. In this detailed examination of Anglo-American, American-Persian, and Anglo-Persian relations, author Mohammad Gholi Majd argues that Imbrie was in fact the victim of a conspiracy. Using records of the U.S. Department of State, this text examines how the murder enabled Britain to maintain its monopoly of Persian oil and further consolidate the Pahlavi dictatorship. The killing of Imbrie ultimately facilitated the consummation of the Anglo-American oil entente.
To help prevent a repetition of the economic dislocation caused by the 1973-74 Arab oil embargo, Congress authorised the Strategic Petroleum Reserve (SPR) in the Energy Policy and Conservation Act (EPCA, P.L. 94-163). Physically, the SPR comprises five underground storage facilities, hollowed out from naturally occurring salt domes, located in Texas and Louisiana. Oil stored at one of the sites, Weeks Island, was transferred after problems with the structural integrity of the cavern were discovered in the mid-1990s. Hurricane Katrina made landfall early in the morning of August 29, 2005 inflicting severe damage and shutting down oil and gas production and refining activities in the Gulf of Mexico. Damage assessments continue. By September 2, three requests for loans totalling 8.5 million barrels had been approved; a few others are pending. The Administration also announced it was making 30 million barrels available. However, as a policy tool to respond to the crisis, the SPR has limitations because a barrel of crude contributes to product supply only if there is refining capacity to turn the crude into gasoline or diesel fuel. Consequently, recovery from the hurricane's effects will depend upon resumption of production and refining operations in the Gulf, and the ability to transport petroleum products. On August 8, 2005, the President signed the Energy Policy Act of 2005 (H.R. 6). The bill as enacted permanently authorises the SPR and requires, "as expeditiously as practicable," expansion of the SPR to its authorised maximum of 1 billion barrels. The Secretary is required to develop procedures for achieving the fill objective without "incurring excessive cost," or placing upward pressure on prices. Any fill policy is also to take into consideration minimising income foregone to the Treasury by filling the SPR with additional royalty-in-kind (RIK) oil.
Public and private institutions in the United States have long been home to a variety of art works, antiquities, and ethnological materials. For years, these collections have been seen as important archives that allow present and future generations to enjoy, appreciate, and value the art of all cultures. In the past decade, however, questions have been raised as to exactly what constitutes legal and ethical ownership of art and other cultural property. Some observers believe that art and ethnological materials should remain in source countries, and have lobbied for an end to art trading. Recent changes to U.S. law may curtail both private and public collecting. Contributors to "Who Owns the Past?" include legal scholars, museum professionals, anthropologists, archaeologists, and collectors. In clear, nontechnical language, they provide a comprehensive overview of the development of cultural property law and practices, as well as recent case law affecting the ability of museums and private collectors to own art from other countries. Topics covered include rights to property, ethical ownership, the public responsibilities of museums, threats to art from war and development, and international cooperation to preserve collections in the developing world. Engaging all perspectives on this debate, "Who Owns the Past?" challenges all who care about the arts to work together toward policies that consider traditional American interests in securing cultural resources, and respect international concerns over loss of heritage.
Oil and Terrorism in the New Gulf examines the national security implications of U.S. energy security policies in the Middle East, and the emerging U.S. involvement in oil exploration and extraction in West Africa. Similar political, social, and economic challenges--poverty, corruption, lack of infrastructure, and weak governments--are seen in the oil-producing states of both the Middle East and Africa. Drawing comparisons between these two regions allows Forest and Sousa to formulate policy recommendations for how to handle foreign policy toward Africa in the future based on lessons learned from past interaction with the Middle East. Oil and Terrorism in the New Gulf promises to inform a lively debate over the future of U.S. foreign policies toward Africa and is a valuable resource for policymakers and the academic community that should be approached in a coherent, integrated fashion to ensure the success of the United State's energy and national security agendas.
This volume reports the results of discussions with representatives of refining firms, technologies and services providers, research institutions and other organizations on current and future trends in the US refining industry.
Comparative analyses of social actors and policy outcomes in Bahia and Texas show the similarities and differences in the actors and the policies adopted in each case. As a result of historical and structural developments in Bahia and Texas, Cetrel operates under pollution-control standards and technologies for protecting the environment and workers that are similar to those of the GCA. This convergent trend is characterized as dependent convergence between developing and developed countries. The author makes recommendations for stronger international solidarity among progressive forces in developed and developing countries to promote preventive alternatives to pollution control.
This timely study is the first to examine the relationship between competition for energy resources and the propensity for conflict in the Caspian region. Taking the discussion well beyond issues of pipeline politics and the significance of Caspian oil and gas to the global market, the book offers significant new findings concerning the impact of energy wealth on the political life and economies of Azerbaijan, Kazakhstan, and Turkmenistan. The contributors, a leading group of scholars and policymakers, explore the differing interests of ruling elites, the political opposition, and minority ethnic and religious groups region-wide. Placing Caspian development in the broader international relations context, the book assesses the ways in which Russia, China, Iran, and Turkey are fighting to protect their interests in the newly independent states and how competition for production contracts and pipeline routes influences regional security. Specific chapters also link regional issues to central questions of international politics and to theoretical debates over the role of energy wealth in political and economic development worldwide. Woven throughout the implications for U.S. policy, giving the book wide appeal to policymakers, corporate executives, energy analysts, and scholars alike.
Traditional accounts of John D. Rockefeller and the Standard Oil Company, as well as more recent best-selling books on the subject, still accept without question charges of unethical and anti-competitive behaviour by the American oil industry. In this synthesis of cultural, business, gender and intellectual history, Roger and Diana Davids Olien explore how this negative image of the petroleum industry was created -and how this image in turn helped shape policy toward the industry in ways that were sometimes at odds with both the goals or reformers and the public interest. By turning a critical eye on sources that have often been accepted at face value and examining the self-interests of oil industry critics, the authors seek to produce a more balanced, complex picture of the industry. Their case study of the impact of technology offers an example of how business must be understood through its cultural context and offers an approach to understanding problems of regulation and reform.
One of the dominant export-oriented industries in Russia, oil is a major source of tax revenue and wealth. The privatization of these vast assets has made the industry a site not only for conflict between power holders but also a strategic target for international corporations and Western governments. In this thoughtful analysis, a group of international specialists explores the political and economic issues and controversies surrounding the oil industry's move to capitalism. The authors examine the spread of crime and corruption, the role of Russian and Western financial institutions, regional tensions, and the international dimension. As a paradigm for the Russian economy as a whole, the case of oil industry provides invaluable insights for understanding the political and economic problems confronting Russia today.
Growing Up in the Oil Patch chronicles the adventures and achievements of some of the most colourful, ambitious people of their time: statesmen, scoundrels, visionaries and developers. Participants all in the growing oil patch The author presents a highly readable, informative and entertaining account of the early years in the development of Canada's gas and oil industry. Based upon five years of research, interviews, and his fortuitous discovery of a rare, historically important scribbler, John Schmidt traces the paths of two enterprising American-born drillers, "Frosty" Martin and "Tiny" Phillips, whose drive and ingenuity were encouraged by British and Canadian promoters and financiers. Their entrepreneurial spirit took them initially to Leamington, Ontario, and ultimately into the heart of the oil patch in Western Canada.
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. |
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