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The dramatic story of the oil boom that transformed the history of a state, drawn from archives and first-person accounts. As the twentieth century began, oil in Texas was easy to find, but the quantities were too small to attract industrial capital and production. Then, on January 10, 1901, the Spindletop gusher blew in. Over the next fifty years, oil transformed Texas, creating a booming economy that built cities, attracted out-of-state workers and companies, funded schools and universities, and generated wealth that raised the overall standard of living, even for blue-collar workers. No other twentieth-century development had a more profound effect upon the state. This book chronicles the explosive growth of the Texas oil industry from the first commercial production at Corsicana in the 1890s through the vital role of Texas oil in World War II. Using both archival records and oral histories, they follow the wildcatters and the gushers as the oil industry spread into almost every region of the state. The authors trace the development of many branches of the petroleum industry: pipelines, refining, petrochemicals, and natural gas. They also explore how overproduction and volatile prices led to increasing regulation and gave broad regulatory powers to the Texas Railroad Commission.
Campbell's Atlas of Oil and Gas Depletion, Second Edition, is the product of a half-century of critical analysis and updating of data on the status of oil and gas depletion by country, region and the world as a whole. Separate analyses of conventional and non-conventional oil and gas, which are depleting at different rates and costs, show when these critical energy sources peak and decline. The Atlas also summarizes the history and political circumstances of each country to assess the impact on oil and gas production and reserves. It contrasts the First Half of the Oil Age, which saw the rapid expansion of the world economy, allowing the population to grow six-fold, with the Second Half, which will witness a general contraction as these easy, high-density energy supplies dwindle. The transition threatens to be a time of great economic, financial and political tensions. The Atlas, which has been compiled and updated by prominent geologist, former oil company executive, and oil analyst Colin Campbell since the 1960s, addresses the need for a reliable and comprehensive database on a subject essential to governments, industry, academia, and the population as a whole as we attempt to adapt to these critically changing circumstances.
A history of the mining industry, starting with its humble beginning when our early ancestors started digging underground to find the stones they needed for their tools. Ugo Bardi traces the links between mineral riches and empires, wars, and civilizations, and shows how mining in its various forms came to be one of the largest global industries. He also illustrates how the gigantic mining machine is now starting to show signs of difficulties.
In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.
Sustainable mobility is a highly complex problem as it is affected by the interactions between socio-economic, environmental, technological and political issues. Energy, Transport, & the Environment: Addressing the Sustainable Mobility Paradigm brings together leading figures from business, academia and governments to address the challenges and opportunities involved in working towards sustainable mobility. Key thinkers and decision makers approach topics and debates including: · energy security and resource scarcity · greenhouse gas and pollutant emissions · urban planning, transport systems and their management · governance and finance of transformation · the threats of terrorism and climate change to our transport systems. Introduced by a preface from U.S. Secretary Steven Chu and an outline by the editors, Dr Oliver Inderwildi and Sir David King, Energy, Transport, & the Environment is divided into six sections. These sections address and explore the challenges and opportunities for energy supply, road transport, urban mobility, aviation, sea and rail, as well as finance and economics in transport. Possible solutions, ranging from alternative fuels to advanced urban planning and policy levers, will be examined in order to deepen the understanding of currently proposed solutions within the political realities of the dominating economic areas. The result of this detailed investigation is an integrated view of sustainable transport for both people and freight, making Energy, Transport, & the Environment key reading for researchers, decision makers and policy experts across the public and private sectors.
A landmark book rolls out a bold, new, energy-based theory of human history based on a simple, yet powerful law: whoever controls the world's effective energy supplies during a given energy age will inevitably dominate the economic, political, and cultural history of that age. The innovative theory articulated in Sources of Power: How Energy Forges Human History parses history into four ages: the foraging, agriculture, coal, and oil ages, each defined by the dominant source of power. Manfred Weissenbacher tests this sweeping theory against the panorama of world history, combining formidable powers of synthesis with a specialist's deep understanding of energy systems and technologies. After proving the operation of his law through history and into the present, Weissenbacher applies it to global geopolitical trends. He assesses the prospects of the various candidate technologies to succeed oil and charts future scenarios based on the distribution of energy reserves. Finally, he forecasts the fates of the American and Chinese empires in the twilight of the oil age: the United States as a mature superpower forced to deploy military might to occupy oilfields in the Middle East; China as an emerging superpower forced to deploy economic might to muscle in on the development of Third World oilfields.