The petroleum industry is unique: it is an industry without which modern civilization would collapse. Despite the advances in alternative energy, petroleum’s role is still central. Petroleum still drives economics, geopolitics, and sometimes war. The history of petroleum is, to some measure, the history of the modern world. This book represents a concise but complete one-volume reference on the history of the petroleum industry from pre-modern times to the present day, covering all aspects of business, technology, and geopolitics. The book also presents an analysis of the future of petroleum, and a highly useful set of statistical graphs. Anyone interested in the history, status, and outlook for petroleum will find this book a uniquely valuable first place to look. This new second edition incorporates all the revolutionary changes in the petroleum landscape since the first edition was published, including the boom in extraction of oil and gas from shale formations using techniques such as fracking and horizontal drilling. This second edition of Historical Dictionary of the Petroleum Industry contains a chronology, an introduction, appendixes, and an extensive bibliography. The dictionary section has over 500 cross-referenced entries on companies, people, events, technologies, countries, provinces, cities, and regions related to the history of the world’s petroleum industry. This book is an excellent resource for students, researchers, and anyone wanting to know more about the petroleum industry.

Ownership and Control of Oil examines government decisions about how much control to exert over the petroleum industry, focusing on the role of National Oil Companies in the production of crude oil since the nationalizations in the 1970s. What are the motives for which some producing states opt for less and NOT more control of their oil production sector? When can International Oil Companies enter the upstream industry of producing states and under what conditions? The diversity of policy choices across producers provides the stage for this investigation: different theoretical explanations are confronted, with the empirical evidence, with the aim of finally proposing an interdisciplinary framework of analysis to explain who controls oil production around the world. This book is intended for both specialists and general readers who have an interest in the issue of government control of the petroleum industry. Due to its multidisciplinary approach, the book is aimed at a large academic public composed of scholars of Political Science, International Political Economy, Comparative Politics, and Middle East Area Studies. Moreover, this book should be relevant to international consultants, industry professionals and decision-makers in countries assessing their experience with existing control structures as well as the many countries in the process of joining the ‘petroleum club’ of oil producing nations.

Reviews economic impact of Federal regulations on the petroleum industry. Focuses on crude oil supplies, domestic competition, restrictions on less expensive foreign crude oil imports, the need to maintain higher domestic prices as development incentive and regional allocation inequities, especially in the Northeast.

Witnesses: Sen. Evan Bayh, Jeff Bingaman, Conrad Burns, Kent Conrad, Pete Domenici, Byron Dorgan, Peter Fitzgerald, Kay Bailey Hutchison, Tim Johnson, Mary Landrieu, Blanche Lincoln, Trent Lott, Frank Murkowski, Don Pickles, and Craig Thomas; Danny Biggs, Nat. Stripper Well Assoc.; Jonathan Cuneo, Amer. Antitrust Inst.; Gary Fonay, Lynx Petrol., Hobbs, NM; Dewey Bartlett, Jr., Keener Oil and Gas Co.; Jay Hakes, Energy Info. Admin., DoE; Steve Layton, Indep. Petrol. Assoc. of Amer.; John Lichtblau, Petrol. Ind. Res. Fdn.; Robert Palmer, Rowan Co., Inc.; L. R. Raymond, Exxon Corp.; and Ed Schafer, Gov., N.D, and Interstate Oil and Gas Compact Comm.