News Shocks in Open Economies
News Shocks in Open Economies

Author: Mr.Rabah Arezki

Publisher: International Monetary Fund

Published: 2015-09-29

Total Pages: 54

ISBN-13: 1513590766

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This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.

The Oil Curse
The Oil Curse

Author: Michael L. Ross

Publisher: Princeton University Press

Published: 2013-09-08

Total Pages: 314

ISBN-13: 0691159637

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Explaining—and solving—the oil curse in the developing world Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats—and twice as likely to descend into civil war—than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.

Oil Spaces
Oil Spaces

Author: Carola Hein

Publisher: Routledge

Published: 2021-08-23

Total Pages: 378

ISBN-13: 1000449491

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Oil Spaces traces petroleum’s impact through a range of territories from across the world, showing how industrially drilled petroleum and its refined products have played a major role in transforming the built environment in ways that are often not visible or recognized. Over the past century and a half, industrially drilled petroleum has powered factories, built cities, and sustained nation-states. It has fueled ways of life and visions of progress, modernity, and disaster. In detailed international case studies, the contributors consider petroleum’s role in the built environment and the imagination. They study how petroleum and its infrastructure have served as a source of military conflict and political and economic power, inspiring efforts to create territories and reshape geographies and national boundaries. The authors trace ruptures and continuities between colonial and postcolonial frameworks, in locations as diverse as Sumatra, northeast China, Brazil, Nigeria, Tanzania, and Kuwait as well as heritage sites including former power stations in Italy and the port of Dunkirk, once a prime gateway through which petroleum entered Europe. By revealing petroleum’s role in organizing and imagining space globally, this book takes up a key task in imagining the possibilities of a post-oil future. It will be invaluable reading to scholars and students of architectural and urban history, planning, and geography of sustainable urban environments.

Oil Spills and Gas Leaks: Environmental Response, Prevention and Cost Recovery
Oil Spills and Gas Leaks: Environmental Response, Prevention and Cost Recovery

Author: Stephen M. Testa

Publisher: McGraw Hill Professional

Published: 2013-02-01

Total Pages: 593

ISBN-13: 0071772901

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The definitive guide to petroleum hydrocarbon fuel spill and leak causes, prevention, response, and cost recovery Oil Spills and Gas Leaks highlights the complex nature of petroleum hydrocarbon fuel extraction methods, the unintended consequences when disasters occur, spill behavior, and environmental impact mitigation. This practical resource discusses engineering techniques; long-term biological and environmental effects; dealing with insurance claims, litigation, and legislation in overlapping jurisdictions; and much more. Featuring global case studies and best practices, this timely volume provides an in-depth understanding of how oil spills and gas leaks occur and describes the most effective environmental assessment, remediation, and restoration options available to respond to these industrial accidents. Coverage includes: The role of petroleum hydrocarbon fuels in society Geology and geochemistry of oil and gas deposits Oil and gas well drilling and production issues Hydraulic fracturing for shale gas and oil Behavior of oil spills in various environments Behavior of gas leaks in various environments Assessment of spills and leaks Toxicity issues and exposure pathways Subsurface investigations Sampling strategies and remedial approaches Sampling methods on land and offshore Prevention, oversight, and mitigation Remediation of oil spills Case histories and cost recovery Oil spills and wildlife Oil spills and safety issues Conclusions and recommendations

Journal
Journal

Author: Institute of Petroleum (Great Britain)

Publisher:

Published: 1924

Total Pages: 1700

ISBN-13:

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Digital Oil
Digital Oil

Author: Eric Monteiro

Publisher: MIT Press

Published: 2022-11-08

Total Pages: 229

ISBN-13: 0262372290

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How is digitalization of the offshore oil industry fundamentally changing how we understand work and ways of knowing? Digitalization sits at the forefront of public and academic conversation today, calling into question how we work and how we know. In Digital Oil, Eric Monteiro uses the Norwegian offshore oil and gas industry as a lens to investigate the effects of digitalization on embodied labor, and in doing so shows how our use of new digital technology transforms work and knowing. For years, roughnecks have performed the dangerous and unwieldy work of extracting the oil that lies three miles below the seabed along the Norwegian Continental Shelf. Today, the Norwegian oil industry is largely digital, operated by sensors and driven by data. Digital representations of physical processes inform work practices and decision-making with remotely operated, unmanned deep-sea facilities. Drawing on two decades of in-depth interviews, observations, news clips, and studies of this industry, Eric Monteiro dismantles the divide between the virtual and the physical in Digital Oil. What is gained or lost when objects and processes become algorithmic phenomena with the digital inferred from the physical? How can data-driven work practices and operational decision-making approximate qualitative interpretation, professional judgement, and evaluation? How are emergent digital platforms and infrastructures, as machineries of knowing, enabling digitalization? In answering these questions Monteiro offers a novel analysis of digitalization as an effort to press the limits of quantification of the qualitative.

The Dilbit Disaster
The Dilbit Disaster

Author: Elizabeth McGowan

Publisher:

Published: 2016-10-19

Total Pages:

ISBN-13: 9781539009597

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InsideClimate News won the 2013 Pulitzer Prize in national reporting for this four-part narrative and six follow-up reports into an oil spill most Americans have never heard of. More than 1 million gallons of oil spilled into the Kalamazoo River in July 2010, triggering the most expensive cleanup in U.S. history -- more than 3/4 of a billion dollars -- and after almost two years the cleanup still isn't finished. Why not? Because the underground pipeline that ruptured was carrying diluted bitumen, or dilbit, the dirtiest, stickiest oil used today. It's the same kind of oil that the controversial Keystone XL pipeline could someday carry across the nation's largest drinking water aquifer. Written as a narrative, this page-turner takes an inside look at what happened to two families, a community, unprepared agencies and an inept company during an environmental disaster involving a new kind of oil few people know much about.

Exxon
Exxon

Author: Neela Banerjee

Publisher: Createspace Independent Publishing Platform

Published: 2015

Total Pages: 0

ISBN-13: 9781518718670

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Relying on primary sources dating back to the 1970s, describes how Exxon conducted cutting-edge climate research and then, without revealing what it had learned, worked at the forefront of climate-change denial, manufacturing doubt about the scientific consensus that its own research had confirmed.--Adapted from publisher's description.

Oil Wealth and Insurgency in Nigeria
Oil Wealth and Insurgency in Nigeria

Author: Omolade Adunbi

Publisher: Indiana University Press

Published: 2015-07-29

Total Pages: 322

ISBN-13: 0253015782

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Omolade Adunbi investigates the myths behind competing claims to oil wealth in Nigeria's Niger Delta. Looking at ownership of natural resources, oil extraction practices, government control over oil resources, and discourse about oil, Adunbi shows how symbolic claims have created an "oil citizenship." He explores the ways NGOs, militant groups, and community organizers invoke an ancestral promise to defend land disputes, justify disruptive actions, or organize against oil corporations. Policies to control the abundant resources have increased contestations over wealth, transformed the relationship of people to their environment, and produced unique forms of power, governance, and belonging.