After a century of exponential growth, the international oil industry suddenly slowed down in the 1970s, faltered during the 1980s, and by 1991 was just about back to its 1979 level. That break in trend of its dominance in world energy became clear in 'the OPEC decade' from 1973 onwards, gaining a surge of riches for oil-exporting countries. This book, which was originally published in 1993, is a descriptive analysis of influences in the world oil trade. It is concerned with a central unchanged paradox of the industry - its preoccupation with maximising the production of high-cost rather than low-cost oil. It follows the rise and decline of OPEC monopoly power in the crude market, and shows how growth in the international oil business has almost ceased since the late seventies, exploring the reasons behind this slowdown. The author has had twenty-five years of practical experience in petroleum economics.
After a century of exponential growth, the international oil industry suddenly slowed down in the 1970s, faltered during the 1980s, and by 1991 was just about back to its 1979 level. That break in trend of its dominance in world energy became clear in 'the OPEC decade' from 1973 onwards, gaining a surge of riches for oil-exporting countries. This book, which was originally published in 1993, is a descriptive analysis of influences in the world oil trade. It is concerned with a central unchanged paradox of the industry - its preoccupation with maximising the production of high-cost rather than low-cost oil. It follows the rise and decline of OPEC monopoly power in the crude market, and shows how growth in the international oil business has almost ceased since the late seventies, exploring the reasons behind this slowdown. The author has had twenty-five years of practical experience in petroleum economics.
The impact and importance of nanotechnology continues to grow, and nanomedicine and biotechnology have become areas of increased development. Biomedical engineers who work with biological processes an
The extensive global prospects of bronchoscopy are described in this detailed book. Bronchoscopy has become a vital part of contemporary medicine. Current developments in technology have facilitated t
Prospects for Peacemaking provides a genuinely fresh look at embedded assumptions about national security. It clears the way for a security policy based less on outmoded premises and more on a purpose
Is citizenship in decline due to globalisation and an erosion of civic participation and democratic representation? Or is it merely transformed and extended to new levels and larger scales? Should we
Globalization: Prospects and Problems, by JoAnn Chirico, provides a comprehensive and enlightening overview of globalization issues and topics. Emphasizing the theory and methods that social scientist
Natural theology, which suffered significantly in the eighteenth century as a result of the criticisms of David Hume and Immanuel Kant, appeared to be a terminal patient in the mid-twentieth century i
The world’s fresh water supplies are dwindling rapidly—even wastewater is now considered an asset. By 2025, most of the world's population will be facing serious water stresses and shortages. Aquanano
Microfinance is defined as the financial services offered to the poor for the purpose of promoting small-scale enterprises, and as such it is one of the most important topics in development studies an
"Prospects for Immortality: A Sensible Search for Life After Death" theorizes how matters concerning the birth of the universe, its ultimate fate, and the creation, evolution, and final destiny of lif
The last two decades have seen a wave of exciting new developments in the theory of algorithmic randomness and its applications to other areas of mathematics. This volume surveys much of the recent work that has not been included in published volumes until now. It contains a range of articles on algorithmic randomness and its interactions with closely related topics such as computability theory and computational complexity, as well as wider applications in areas of mathematics including analysis, probability, and ergodic theory. In addition to being an indispensable reference for researchers in algorithmic randomness, the unified view of the theory presented here makes this an excellent entry point for graduate students and other newcomers to the field.
