With oil around $100 a barrel, drivers wince whenever they pull into the gas station and businesses watch their bottom lines shrink. "Watch out," say doomsayers, "it will only get worse as oil dries up." It's a plausible argument, especially considering the rate at which countries like China and India are now sucking up oil. Even more troubling, the world's largest oil fields sit in geopolitical hotspots like Iran and Iraq. Some believe their nations need to secure remaining supplies using military force, while others consider dwindling supplies a blessing that will help solve the problem of global warming. But wait--is it really the "end of oil"? Absolutely not, says geologist, economist, and industry-insider Robin Mills. According to Mills, many ideas about petroleum depletion and its consequences are not just grossly overstated but plain wrong. Calmly and persuasively, he argues:

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:
Drilling/production engineer - Environmental scientist - Chemical plant operator * Process engineer * Independent seller

This is the first book in the petroleum sector to shed light on the real obstacles to sustainable development and provides solutions to each problem encountered. Each solution is complete with an economic analysis that clarifies why petroleum operations can continue with even greater profit than before while ensuring that the negative environmental impact is diminished. The new screening tools and models proposed in this book will provide one with proper guidelines to achieve true sustainability in both technology development and management of the petroleum sector.

The International Petroleum Encyclopedia is a time-honored and concise source of information for the rapidly changing petroleum market. This read-only CD-ROM contains all the valuable information found in the printed book, including:

Bonus wall map. Map of the Western Hemisphere Arctic Region; showing activity, infrastructure, and exploration potential in Alaska, Northern Canada and Greenland.

Atlas country reports on 118 nations including new entries for Cambodia, Uganda and Nicaragua. The section also presents the latest information on the dynamic LNG sector, developments in the Caspian region and activity in the Gulf of Mexico.

Key Stats. This section covers the years most important energy trends, including future energy supply; reserves and production; drilling and exploration; investment and markets; trade and tankers; LNG industry outlook, liquefaction and receiving, carrier fleet, risks and opportunities; refining and products; gas processing and products; petrochemicals outlook.

Statistics from the Oil & Gas Journal and BP Statistical Review of World Energy 2006. Also includes statistics from the US Energy Information Administration. The data includes oil and natural gas production, consumption, imports/exports, and prices, as well as oil refineries, capacities, margins, and throughput.

Chronology of events. Includes information on the geopolitical events of the past year that impacted the energy industry.

Guest essay. Authored by a senior executive from Chevron Corporation, the second-largest integrated energy company in the United States, with business operations in approximately 180 countries, from Nigeria, Angola andVenezuela to Australia, Qatar, as well as the Gulf of Mexico.

Directory of national oil companies and energy ministries.

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.

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.

Oil is the most vital resource of our time. Because it is so important, misperceptions about the black gold abound. Leonardo Maugeri clears the cobwebs by describing the colorful history of oil, and explaining the fundamentals of oil production. He delivers a unique, fascinating, and controversial perspective on the industry--as only an insider could. The history of the oil market has been marked, since its inception, by a succession of booms and busts, each one leading to a similar psychological climax and flawed political decisions. In a single generation, we've experienced the energy crisis of 1973; the dramatic oil countershock of 1986; the oil collapse of 1998-99 that gave rise to the idea of oil as "just another commodity;" and the sharp price increases following hurricane Katrina's devastation in the Gulf of Mexico. Today, we are experiencing a global oil boom that, paradoxically, seems to herald a gloomy era of scarcity exacerbated by growing consumption and the threat from Islamic terrorism in the oil-rich Middle East. Maugeri argues that the pessimists are wrong. In the second part of his book, he debunks the main myths surrounding oil in our times, addressing whether we are indeed running out of oil, and the real impact of Islamic radicalism on oil-rich regions. By translating many of the technical concepts of oil productions into terms the average reader can easily grasp, Maugeri answers our questions. Ultimately, he concludes that the wolf is not at the door. We are facing neither a problem of oil scarcity, nor an upcoming oil blackmail by forces hostile to the West. Only bad political decisions driven by a distorted view of current problems (and who is to blame for them)can doom us to a gloomy oil future.

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 new title presents key information on the oil industry world-wide, and will be of interest to anyone involved in or studying the politics of oil production, processing and selling.

Oil has long been at the forefront of political agendas, and with increased tensions in the Middle East, there has never been a greater need for up-to-date, reliable information on this key industry.

Includes:

* essays covering the main themes

* an A-Z glossary listing important terms

* detailed maps

* a statistics section.

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.

"Ninety percent of the world's oil reserves are entrusted to state-owned companies. Originally created as political instruments, these so-called national oil companies (NOCs) face new demands amid today's dwindling oil reserves and simmering social pressures. Increasingly, state-owned oil firms-particularly in the Middle East-are having to balance the political demands of their governments with the need to be commercially competitive. In this ground-breaking new volume, Valerie Marcel draws on unprecedented access to the politicians, engineers; and businessmen directing five Middle Eastern state oil companies to shed light on one of the most secretive segments of the international oil industry. The author tells the stories of Saudi Aramco, Kuwait Petroleum Corp., the National Iranian Oil Co., Sonatrach of Algeria, and the Abu Dhabi National Oil Co.-oil titans which together produce one quarter of the world's oil and hold half of the world's known oil and gas reserves. Dr. Marcel explains the complex bond between each state and its oil company, tracing the relationship's evolution from the politically charged days of foreign concessions to today's world of profit-driven decisionmaking. Drawn from over 120 interviews with company executives, middle managers, and oil-ministry officials, the author identifies a number of surprising new trends in these companies' strategy, and she paints a picture of their nascent sense of corporate identity. The book provides rare, up-to-date insight into how state-owned companies are striking a balance between their national mission and their commercial needs. The book also provides an insider's guide to these companies' unique culture. Executives and researchers in the region-both inside and outside the oil industry-will find it a valuable tool for understanding business in the Middle East. "

Explosions in the process industries injure or kill hundreds, if not thousands, of workers every year. They occur in process plants, refineries, platforms, and pipelines all over the world. Millions of dollars are spent repairing damages, replacing equipment and rebuilding facilities in the wake of this destruction. This book explores different types of explosions that can occur in a facility and the necessary steps to guard against them. A clear set of preventative measures, rules and standards combine to make this book a convenient guide to real-world applications. Additional theoretical issues in the use of probabilistic equations and scenarios make this book an absolute necessity for process industry safety.

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.. .

This volume offers refineries a practical guide to implementing environmental management systems (EMS). The author, who has implemented hundreds of successful EMS programs throughout North America, Europe, Eastern Europe, Russia and the Middle East, provides a detailed explanation of what an EMS is and how it can benefit refinery operations in complying with environmental laws and improving the overall efficiency of their operations. The authors approach, which does not focus, like most programs, only on compliance, has been internationally recognized as an integrated model that captures improved compliance and financial savings by reducing operating costs through dedicated pollution prevention programs.

In this superb new volume, Edward Whitticks has charted the course for anyone working with contracts and dispute control in oil and gas, one of the most volatile industries in the world. His practical, straightforward approach will move you step by step through the process of contractual negotiations, bids and closeouts. For anyone working in the oil and gas industry today, finding your way through the maze of contract management seems more cutthroat and challenging than ever before. In "Construction Contracts," Edward Whitticks dispels the myth that there has to be a winner and a loser in contractual management and dispute control. As a desktop companion for project managers and engineers, contract administrators, cost scheduling engineers and others engaged in the field of refinery, pipeline and petrochemical construction, this book covers the entire contract process."

The first biography of Jackson Barnett, who gained unexpected wealth from oil found on his property. This book explores how control of his fortune was violently contested by his guardian, the state of Oklahoma, the Baptist Church, the Bureau of Indian Affairs, and an adventuress who kidnapped and married him. Coming into national prominence as a case of Bureau of Indian Affairs mismanagement of Indian property, the litigation over Barnett's wealth lasted two decades and stimulated Congress to make long-overdue reforms in its policies towards Indians. Highlighting the paradoxical role played by the federal government as both purported protector and pilferer of Indian money, and replete with many of the major agents in twentieth-century Native American history, this remarkable story is not only captivating in its own right but highly symbolic of America's diseased and corrupt national Indian policy.
The World's Richest Indian was the winner of the Sierra Prize of the Western Association of Women Historians.

The petroleum industry is among the most lucrative and most important in the world, and its impact within the realm of international politics is tremendous (although it can be overstated). Taking a well-balanced and objective approach to the complicated web of political and economic threads that make up the fabric of the oil industry, Falola and Genova introduce the most salient aspects in clear language, offering cogent and up-to-date information about the countries, companies, international organizations, and people who shape the contemporary history of the black gold. The relationship of international politics and the global oil industry affects everyone but is understood by few. Taking a well-balanced and objective approach to deconstructing this intricate web for those unfamiliar with the industry, Falola and Genova introduce the major players in the field, offering cogent and up-to-date information about the countries, companies, organizations, and people who shape the contemporary history of oil. They break down the essentials, describing the discovery process, the different types of oil, and the various processes by which oil gets to the market. Then they provide a brief history of the major oil-producing countries, followed by a discussion of OPEC and international efforts to control the price and supply of oil. After setting the stage, they introduce the most salient political issues that are influenced by oil, namely environmental protection, human rights, and economic development. Finally, a look at each of seven major oil exporters-Iraq, Mexico, Nigeria, Norway, Russia, Saudi Arabia, and Venezuela-demonstrates that the black gold can be both a blessing and a curse for the countries that produce it. Despite the need to learn how to exploit alternative energy sources before the oil runs out, we will continue to be dependent on oil for the foreseeable future. Today's oil demands are not only generated by such obvious activities as gassing up our cars or powering our aircraft, but also from the ubiquitous technological gadgets that have infiltrated our daily lives. From computer monitors to CDs, from cell phones to the petroleum-generated materials used in our shoes and sweaters, our reliance on oil continues to grow. Because price and supply are highly dependent on political events in distant countries, it is essential for American consumers to understand the intricacies of this complex subject. Falola and Genova demystify the industry and invite us to investigate more deeply this vital resource.

The petroleum industry is among the most lucrative and most important in the world, and its impact within the realm of international politics is tremendous (although it can be overstated). Taking a well-balanced and objective approach to the complicated web of political and economic threads that make up the fabric of the oil industry, Falola and Genova introduce the most salient aspects in clear language, offering cogent and up-to-date information about the countries, companies, international organizations, and people who shape the contemporary history of the black gold.

The relationship of international politics and the global oil industry affects everyone but is understood by few. Taking a well-balanced and objective approach to deconstructing this intricate web for those unfamiliar with the industry, Falola and Genova introduce the major players in the field, offering cogent and up-to-date information about the countries, companies, organizations, and people who shape the contemporary history of oil. They break down the essentials, describing the discovery process, the different types of oil, and the various processes by which oil gets to the market. Then they provide a brief history of the major oil-producing countries, followed by a discussion of OPEC and international efforts to control the price and supply of oil. After setting the stage, they introduce the most salient political issues that are influenced by oil, namely environmental protection, human rights, and economic development. Finally, a look at each of seven major oil exporters--Iraq, Mexico, Nigeria, Norway, Russia, Saudi Arabia, and Venezuela--demonstrates that the black gold can be both a blessing and a curse for the countries that produce it.

Despite the need to learn how to exploit alternative energy sources before the oil runs out, we will continue to be dependent on oil for the foreseeable future. Today's oil demands are not only generated by such obvious activities as gassing up our cars or powering our aircraft, but also from the ubiquitous technological gadgets that have infiltrated our daily lives. From computer monitors to CDs, from cell phones to the petroleum-generated materials used in our shoes and sweaters, our reliance on oil continues to grow. Because price and supply are highly dependent on political events in distant countries, it is essential for American consumers to understand the intricacies of this complex subject. Falola and Genova demystify the industry and invite us to investigate more deeply this vital resource.

Written by three of the world's most renowned petroleum and environmental engineers, Probability in Petroleum and Environmental Engineering is the first book to offer the practicing engineer and engineering student new cutting-edge techniques for prediction and forecasting in petroleum engineering and environmental management. In this book, the authors combine a rigorous, yet easy-to-understand approach to probability and how it is applied to petroleum and environmental engineering to solve multiple problems that the engineer or geologist faces every day.

"Paul Sabin has written a brilliant case study of how legal and political choices construct 'free markets'. He shows how battles over property rights, regulation, taxes, and highway and environmental policy shaped the oil market and with it the future of California's cities, roads, coastline and public finance. Clear-headed, meticulous, and filled with the drama of momentous conflicts between public and private interests, "Crude Politics" is legal-economic history at its best."--Robert W. Gordon, Chancellor Kent Professor of Law and Legal History, Yale University
"Paul Sabinis lucid analysis of how the oil industry and the auto industry shaped California's environment is a wonderful blending of political economy and environmental history. Sabin convincingly demonstrates how the market for oil, like all modern markets, was a political creation whose ramifying and surprising effects from freeways and pollution to state parks and public access to beaches are all too often unrecognized."--Richard White, Margaret Byrne Professor of American History, Stanford University
"To a much greater degree than most Americans usually appreciate, the central story of the past century was the story of oil. Paul Sabin's "Crude Politics" is a pioneering effort to trace for a single key state--California--the evolving web of relationships needed to sustain the production, distribution, and consumption of a critical resource on which virtually every aspect of modern life now depends. As we contemplate the waning future of that resource in the twenty-first century, we would do well to heed the insights about its twentieth-century past offered by this important book."--William Cronon, author of"Nature's Metropolis: Chicago and the Great West"
"Getting energy prices right is key to addressing our global climate crisis. With graceful prose and forceful argument, Paul Sabin shows how petroleum prices today are a product of more than a century of fierce political struggle over oil supply and demand. Anyone who wants to understand the political and economic factors that have created our present dependence on cheap oil should read this book."--James Gustave Speth, author of "Red Sky at Morning: America and the Crisis of the Global Environment"

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 book is the latest in a series of respected volumes that provides an up-to-date review of some of the major chemistry topics related to the oil and gas industry. Divided into four sections, it looks in turn at the latest developments in environmental issues, new technology, applications and flow assurance. This reflects the increasingly important role for chemical technologies in offshore, deep water and challenging environments, allied to developments of low environmental impact chemistry. Regulatory strategies are also discussed, from both the governmental and operational perspective. Overall, Chemistry in the Oil Industry VII presents the latest information on developments in the modern oil industry, which will have an impact on future cost-effectiveness and efficiency. It will be a valuable resource for professionals and consultants within the industry, as well as government agencies and laboratory staff.

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.

The Caspian Sea region is rich in oil and natural gas and can potentially become a major energy supplier. Despite the interest of the three Caspian countries of Azerbaijan, Kazakhstan, and Turkmenistan, their energy resources have remained mainly undeveloped a decade after their independence. The main factor that has prevented the full development of the Caspian energy resources has been the difficulty of selecting long-term safe, reliable, and economically viable export routes. The three landlocked Caspian countries have no choice but to depend on their neighbors to access international waters for their exports. For many reasons, including internal stability and extensive oil facilities and pipelines, Iran offers the most suitable routes to all three Caspian countries. However, despite the interest of the Caspian energy-exporters, in using this route, the U.S. policy of containment of Iran has prevented them from doing so. For political, economic, and security reasons, the existing in-use Georgian and Russian routes cannot and will not be a long-term solution for energy exports. The insistence of the American government on imposing the expensive and unreliable Turkish route on the reluctant Caspian energy-exporters and its categorical rejection of the Iranian route have created a major obstacle to the development of the Caspian energy industries.

As Peimani suggests, if this policy continues, many oil and gas exporters will opt for the Iranian route without regard to existing U.S. punitive legislation. The results could well be the isolation of the U.S. in the Caspian region and a gradual exclusion of American oil companies from the region. This overview will be of interest to scholars, researchers, and policymakers involved with economic and political issues of the region.

The Mexican expropriation of British and American properties in March 1938 marked the first time any oil-producing country successfully stood up to foreign companies who claimed to own oil properties in that country and who had the support of their respective governments. Totally reliant on overseas oil at a time when war seemed imminent, British officials responsible for policy toward Mexico immediately emphasized the importance of preventing other oil-exporting nations from following Mexico's lead. Washington also sought to make an example of Mexico--one that would guarantee respect for U.S. businesses operating abroad.

Although both Washington and London wanted to return to the pre-expropriation status quo, Washington was unwilling to work with London to achieve this goal, and Washington's attitude paralleled its reaction to British efforts to get U.S. support on certain defense issues during this critical period. The resulting Anglo-American strife over how to handle Mexico was also consistent with Anglo-American commercial competition and the oil rivalry in Mexico early in the century.