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The decline of the oil industry and its economic, social, and political consequences are thoroughly probed in a study of the profound changes in this industry.
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.
This incisive study examines the role of the Netherlands in the October War and the oil crisis of 1973. The authors contend that the actions of the Dutch government were hypocritical: the Dutch government faced a domestic crisis when an oil embargo was levied against them by Arab countries for selling arms to Israel; yet after oil began arriving again two months later, the Dutch rejected a proposal for a stricter interventionist energy policy within the European Union. A probing and thought-provoking study, The Netherlands and the Oil Crisis draws on previously unavailable archival sources to shed new light on a pivotal moment in contemporary Dutch history.
A groundbreaking new history of the United States, showing how Christian faith and the pursuit of petroleum fueled America's rise to global power and shaped today's political clashes Anointed with Oil places religion and oil at the center of American history. As prize-winning historian Darren Dochuk reveals, from the earliest discovery of oil in America during the Civil War, citizens saw oil as the nation's special blessing and its peculiar burden, the source of its prophetic mission in the world. Over the century that followed and down to the present day, the oil industry's leaders and its ordinary workers together fundamentally transformed American religion, business, and politics -- boosting America's ascent as the preeminent global power, giving shape to modern evangelical Christianity, fueling the rise of the Republican Right, and setting the terms for today's political and environmental debates. Ranging from the Civil War to the present, from West Texas to Saudi Arabia to the Alberta Tar Sands, and from oil-patch boomtowns to the White House, this is a sweeping, magisterial book that transforms how we understand our nation's history.
"In its heyday, the oil sands represented an industrial triumph and the culmination of a century of innovation, experiment, engineering, policy, and finance. Fort McMurray was a boomtown, the centre of a new gold rush, and the oil sands were reshaping the global energy, political, and financial landscapes. The future seemed limitless for the city and those who drew their wealth from the bitumen-rich wilderness. But in 2008, a new narrative for the oil sands emerged. As financial markets collapsed and the scientific reality of the Patch's effect on the environment became clear, the region turned into a boogeyman and a lightning rod for the global movement combatting climate change. Suddenly, the streets of Fort McMurray were the front line of a high-stakes collision between two conflicting worldviews--one of industrial triumph and another of environmental stewardship--each backed by major players on the world stage. The Patch is the seminal account of this ongoing conflict, showing just how far the oil sands reaches into all of our lives. From Fort Mac to the Bakken shale country of North Dakota, from Houston to London, from Saudi Arabia to the shores of Brazil, the whole world is connected in this enterprise. And it requires us to ask the question: In order to both fuel the world and to save it, what do we do about the Patch?"--
"This book is about the world's endowment of oil. It is a very important subject, considering that cheap oil-based energy has been the lifeblood of the world's economy over the best part of this century." -- P. 5.
“A book that should be read . . . Smith brings an alchemic talent to describing physical labor.” —The New York Times Book Review “Beautiful, funny, and harrowing.” – Sarah Smarsh, The Atlantic “Remarkable . . . this is the book that Hillbilly Elegy should have been.” —Kirkus Reviews A vivid window into the world of working class men set during the Bakken fracking boom in North Dakota Like thousands of restless men left unmoored in the wake of the 2008 economic crash, Michael Patrick Smith arrived in the fracking boomtown of Williston, North Dakota five years later homeless, unemployed, and desperate for a job. Renting a mattress on a dirty flophouse floor, he slept boot to beard with migrant men who came from all across America and as far away as Jamaica, Africa and the Philippines. They ate together, drank together, argued like crows and searched for jobs they couldn't get back home. Smith's goal was to find the hardest work he could do--to find out if he could do it. He hired on in the oil patch where he toiled fourteen hour shifts from summer's 100 degree dog days to deep into winter's bracing whiteouts, all the while wrestling with the demons of a turbulent past, his broken relationships with women, and the haunted memories of a family riven by violence. The Good Hand is a saga of fear, danger, exhaustion, suffering, loneliness, and grit that explores the struggles of America's marginalized boomtown workers—the rough-hewn, castoff, seemingly disposable men who do an indispensable job that few would exalt: oil field hands who, in the age of climate change, put the gas in our tanks and the food in our homes. Smith, who had pursued theater and played guitar in New York, observes this world with a critical eye; yet he comes to love his coworkers, forming close bonds with Huck, a goofy giant of a young man whose lead foot and quick fists get him into trouble with the law, and The Wildebeest, a foul-mouthed, dip-spitting truck driver who torments him but also trains him up, and helps Smith "make a hand." The Good Hand is ultimately a book about transformation--a classic American story of one man's attempt to burn himself clean through hard work, to reconcile himself to himself, to find community, and to become whole.
The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries, are discussed.
Rapidly rising carbon emissions from the intense development of Western Canada’s fossil fuels continue to aggravate the global climate emergency and destabilize democratic structures. The urgency of the situation demands not only scholarly understanding, but effective action. Regime of Obstruction aims to make visible the complex connections between corporate power and the extraction and use of carbon energy. Edited by William Carroll, this rigorous collection presents research findings from the first three years of the seven-year, SSHRC-funded partnership, the Corporate Mapping Project. Anchored in sociological and political theory, this comprehensive volume provides hard data and empirical research that traces the power and influence of the fossil fuel industry through economics, politics, media, and higher education. Contributors demonstrate how corporations secure popular consent, and coopt, disorganize, or marginalize dissenting perspectives to position the fossil fuel industry as a national public good. They also investigate the difficult position of Indigenous communities who, while suffering the worst environmental and health impacts from carbon extraction, must fight for their land or participate in fossil capitalism to secure income and jobs. The volume concludes with a look at emergent forms of activism and resistance, spurred by the fact that a just energy transition is still feasible. This book provides essential context to the climate crisis and will transform discussions of energy democracy. Contributions by Laurie Adkin, Angele Alook, Clifford Atleo, Emilia Belliveau-Thompson, John Bermingham, Paul Bowles, Gwendolyn Blue, Shannon Daub, Jessica Dempsey, Emily Eaton, Chuka Ejeckam, Simon Enoch, Nick Graham, Shane Gunster, Mark Hudson, Jouke Huizer, Ian Hussey, Emma Jackson, Michael Lang, James Lawson, Marc Lee, Fiona MacPhail, Alicia Massie, Kevin McCartney, Bob Neubauer, Eric Pineault, Lise Margaux Rajewicz, James Rowe, JP Sapinsky, Karena Shaw, and Zoe Yunker.
Blackouts, rising gas prices, changes to the Clean Air Act, proposals to open wilderness and protected offshore areas to gas drilling, and increasing dependence on natural gas for electricity generation. What do all these developments have in common, and why should we care? In this timely expose, author Julian Darley takes a hard-hitting look at natural gas as an energy source that rapidly went from nuisance to crutch. Darley outlines the implications of our increased dependence on this energy source and why it has the potential to cause serious environmental, political, and economic consequences. In High Noon for Natural Gas readers can expect to find a critical analysis of government policy on energy, as well as a meticulously researched warning about our next potentially catastrophic energy crisis. Did you know that: Natural Gas (NG) is the second most important energy source after oil; In the U.S. alone, NG is used to supply 20% of all electricity and 60% of all home heating; NG is absolutely critical to the manufacture of agricultural fertilizers; In the U.S. the NG supply is at critically low levels, and early in 2003 we came within days of blackouts and heating shutdowns; Matt Simmons, the world's foremost private energy banker, is now warning that economic growth in the U.S. is under threat due to the looming NG crisis?