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This book traces the design and evolution of oil lighting, examining in detail the varieties and design features of many of the lamps which were made particularly in the Victorian period. A great many of these lamps still survive today, either converted to electricity or in their original form in antique shops. Whether a collector or antique dealer, this fascinating book is certain to fill gaps in the reader's knowledge of oil lighting.
This is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today—the biggest commodity market in the world. It is mature and complex, but far from perfect. Throughout most of its 150-year history, the oil market has been monopolised by companies and governments. For only a fraction of that, oil traded in a relatively free market. As a result, we had to live with ‘big oil’, economic shocks, high oil prices, instability and wars. Using a simple concept of market power, this book will explain the meaning of ‘oil price’ and how it is established while offering a valuable lesson for other commodities. Market power is the key to understanding the ‘price of oil’. This book uses a simple concept of price-makers and price-takers to examine the evolution of oil markets, their structure, and prices. The early decades of the oil industry were competitive with low barriers to entry. Barely 25 years later, the Standard Oil company created a refining monopoly, buying oil at its own ‘posted’ price. In the following century, the cartel of major oil companies, helped by their governments, did the same at the international level. OPEC helped producing governments regain control of their own resources, but the organisation was never able to retain a similar level of control. After 1986 price collapse, OPEC abdicated the price-making function in favour of the market. While it never gave up attempts to influence prices, OPEC had to link their official prices to one of the global oil benchmarks. Modern international oil markets function because of oil benchmarks such as Brent, WTI and Dubai. This book showcases: • How oil traders played a prominent role in development of the industry • How policies of consuming nations helped oil cartels • Why and how the US price of oil was negative • How AI has changed the way markets operate and the way in which the markets are likely to change in future This book explores how oil markets grew, functioned, and have occasionally failed to do their job. The ecosystem of derivatives or ‘paper barrels’ trading in far greater volume than physical oil plays a very important role in mitigating risk. With this core tenant, setting the ‘price of oil’ is explained in detail.
You hold in your hands the most original guide to understanding the oil and gas world – from exploration and production to the related economics and geopolitics. Tim Daley has spent years travelling the world and living as an expatriate in a quest to secure resources and meet humanity’s energy demands. After several decades in the hydrocarbon business, he was keen to write a book about his experiences in an easily accessible language, enabling everyone to grasp the technicalities involved in evaluating the resources that lie beneath our feet. If you want to learn how hydrocarbons are discovered and produced, Tim’s explanations have the added colour of vivid descriptions of the sites discussed and allow you to meet some of the most important characters in the industry, and to gain new insights into this global industry. In addition, the depictions of key events and locations add an element of national politics and travelogue feel. This book is intended for all members of the general public interested in how hydrocarbon resources are discovered, providing a concise account of how oil geologists view the subsurface, and illustrated by the author’s personal experiences in countries around the world. The book will also be of interest to ex-oil industry workers, allow geologists to compare the author’s experiences to their own, and provide non-geologists essential insights into how the oil is won. Written in an informal style, it makes for a relaxing yet informative reading experience.
Oil has made fortunes, caused wars, and shaped nations. Accordingly, no one questions the idea that the quest for oil is a quest for power. The question we should ask, Finding Oil suggests, is what kind of power prospectors have wanted. This book revises oil?s early history by exploring the incredibly varied stories of the men who pitted themselves against nature to unleash the power of oil. Brian Frehner shows how, despite the towering presence of a figure like John D. Rockefeller as a quintessential ?oil man,? prospectors were a diverse lot who saw themselves, their interests, and their relationships with nature in profoundly different ways. He traces their various pursuits of power from 1859 to 1920 as a struggle for cultural, intellectual, and professional authority, over both nature and their peers. Here we see how some saw power as the work they did exploring and drilling into landscapes, while others saw it in the intellectual work of explaining how and where oil accumulated. Charting the intersection of human and natural history, their story traces the ever-evolving relationship between science and industry and reveals the unsuspected role geology played in shaping our understanding of the history of oil.
Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).
Oil palms are ubiquitous—grown in nearly every tropical country, they supply the world with more edible fat than any other plant and play a role in scores of packaged products, from lipstick and soap to margarine and cookies. And as Jonathan E. Robins shows, sweeping social transformations carried the plant around the planet. First brought to the global stage in the holds of slave ships, palm oil became a quintessential commodity in the Industrial Revolution. Imperialists hungry for cheap fat subjugated Africa's oil palm landscapes and the people who worked them. In the twentieth century, the World Bank promulgated oil palm agriculture as a panacea to rural development in Southeast Asia and across the tropics. As plantation companies tore into rainforests, evicting farmers in the name of progress, the oil palm continued its rise to dominance, sparking new controversies over trade, land and labor rights, human health, and the environment. By telling the story of the oil palm across multiple centuries and continents, Robins demonstrates how the fruits of an African palm tree became a key commodity in the story of global capitalism, beginning in the eras of slavery and imperialism, persisting through decolonization, and stretching to the present day.
A survey of the outlook for domestic oil and gas availability over the 15-year period between 1965 and 1980.