What You Will Learn in This Chapter You Will Learn About the Industrial Revolution of the Late 1800S and the Impact It Had on American Businesses and Workers
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December 2001
EXPERIENCE AND LONGEVITY A COMMITMENT TO THE MARKETPLACE DECEMBERDECEMBER 20012001 Since 1985 we have been one of America’s largest active buyers and sellers of historical bonds and shares and are recognized as one of the world’s leading market makers for good quality American material. We have contributed in large part to the development of many of the finest collections of American material in the world today and understand the needs of both the casual and serious collector. EXCITING MAIL AND PHONE BID CATALOGS We conduct some of America’s finest mail bid auctions offering a large selection of items in virtually every collecting category imaginable. Our fully illustrated and well researched catalogs are an important permanent reference work for serious collectors and dealers alike. visit our website www.scottwinslow.com where you can enter our auctions • view our inventory • join our mailing list MILLER VANDERBILT PRIVATE TREATY SALES TO COLLECTORS, DEALERS AND CORPORATIONS We maintain a large and diversified inventory of items ranging in price from less than a dollar to in excess of $10,000 in the following categories: Autographs Automotive Aviation Banking * * * * Confederate and Southern States Decorative Early Finance Entertainment * * * * Insurance Mining Oil Railroad * * * * Shipping Telephone & Telegraph Utilities Most other topics For more information or a catalog, please contact us;- Scott J. Winslow Associates, Inc Post Office Box 10240, Bedford, New Hampshire 03110 (800) 225-6233 ~ (603) 641-8292 GREAT PAINTERS • BLACK MOVIES -
Digital Oilfield Outlook Report-JWN
Digital Oilfield Outlook Report Opportunities and challenges for Digital Oilfield transformation B:9” T:8.5” S:8” Redefining Pipeline Operations. Identifying issues early is the key to making proactive decisions regarding pipeline safety, integrity and effi ciency. The Intelligent Pipeline Solution, with Pipeline Management from GE software and Accenture’s digital technology, business process and systems integration capabilities, works across your pipeline system to turn big data into actionable insights in near real-time. When GE and Accenture speak the language of analytics and change management, managers can make better decisions with more peace of mind. intelligentpipelinesolution.com B:11.5” S:10.5” T:11” This advertisement was prepared by BBDO New York Filename: P55430_GE_ITL_V2.indd CLIENT: General Electric Proof #: 2 Path: Studio:Volumes:Studio:MECHANIC..._ Created: 10-9-2015 1:29 PM PRODUCT: Predictivity Trade Ads - Oil and Gas Mechanicals:P55430_GE_ITL_V2.indd Saved: 10-9-2015 1:29 PM JOB#: P55430 Operators: Sekulovski, Jovan / Sekulovski, Jovan Printed: 10-9-2015 1:30 PM SPACE: Full Page 4/C Print Scale: None BLEED: 9” x 11.5” TRIM: 8.5” x 11” Fonts Ink Names SAFETY: 8” x 10.5” GE Inspira (ExtraBold, Regular), Arial Black (Regular) Cyan GUTTER: None Graphic Name Color Space Eff. Res. Magenta PUBS: CDN Energy Form IOT Report 140926_GE_Data_Pipelines_Final_4_CMYK_V2.psd (CMYK; 355 ppi), Yellow Black ISSUE: 10/28/15 GE_GreyCircles_LogoOnLeft_Horiz.ai, ACC_hpd_logo_.75x_white_ TRAFFIC: Mary Cook cmyk.eps ART BUYER: None ACCOUNT: Elizabeth Jacobs RETOUCH: None PRODUCTION: Michael Musano ART DIRECTOR: None COPYWRITER: None X1A Key insights New research from JuneWarren-Nickle’s Energy Group, with partners GE and Accenture, shows that Canadian oil and gas professionals see a great deal of potential in adopting Digital Oilfield technology across industry verticals. -
The Oil Boom After Spindletop
425 11/18/02 10:41 AM Page 420 Why It Matters Now The Oil Boom Petroleum refining became the 2 leading Texas industry, and oil remains important in the Texas After Spindletop economy today. TERMS & NAMES OBJECTIVES MAIN IDEA boomtown, refinery, Humble 1. Analyze the effects of scientific discov- After Spindletop, the race was on to Oil and Refining Company, eries and technological advances on the discover oil in other parts of Texas. wildcatter, oil strike, oil and gas industry. In just 30 years, wells in all regions Columbus M. “Dad” Joiner, 2. Explain how C. M. “Dad” Joiner’s work of the state made Texas the world hot oil affected Texas. leader in oil production. 3. Trace the boom-and-bust cycle of oil and gas during the 1920s and 1930s. With the discovery of oil at Spindletop, thousands of fortune seekers flooded into Texas, turning small towns into overcrowded cities almost overnight. An oil worker’s wife described life in East Texas in 1931. There were people living in tents with children. There were a lot of them that had these great big old cardboard boxes draped around trees, living under the trees. And any- and everywhere in the world they could live, they lived. Some were just living in their cars, and a truck if they had a truck. And I tell you, that was bad. Just no place to stay whatsoever. Mary Rogers, interview in Life in the Oil Fields Oil, Oil Everywhere The oil boom of the 1920s and 1930s caused sudden, tremendous growth in Texas. -
The Impact of the Fracking Boom on Arab Oil Producers
The Impact of the Fracking Boom on Arab Oil Producers April 4, 2016 Lutz Kilian University of Michigan CEPR Abstract: This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008. Second, I examine to what extent increased U.S. exports of refined products made from domestically produced crude oil have caused Arab oil exports to the rest of the world to decline. Third, the article quantifies by how much increased U.S. tight oil production has lowered the global price of oil. Using a novel econometric methodology, it is shown that in mid-2014, for example, the Brent price of crude oil was lower by $10 than it would have been in the absence of the fracking boom. I find no evidence that fracking was a major cause of the $64 decline in the Brent price of oil from July 2014 to January 2015, however. Fourth, I provide evidence that the decline in Saudi foreign exchange reserves between mid-2014 and August 2015 would have been reduced by 27 percent in the absence of the fracking boom. Finally, I discuss the policy implications of my findings for Saudi Arabia and for other Arab oil producers. JEL Code: Q43, Q33, F14 Key Words: Arab oil producers; Saudi Arabia; shale oil; tight oil; oil price; oil imports; oil exports; refined product exports; oil revenue; foreign exchange reserves; oil supply shock. -
Industrial Development and Growth in Nigeria: Lessons and Challenges
Working Paper No. 8 Industrial development and growth in Nigeria: Lessons and challenges L. N. Chete, J. O. Adeoti, F. M. Adeyinka, and O. Ogundele* Abstract The structure of the Nigerian economy is typical of an underdeveloped country. The primary sector, in particular, the oil and gas sector, dominates the gross domestic product accounting for over 95 per cent of export earnings and about 85 per cent of government revenue between 2011 and 2012. The industrial sector accounts for 6 per cent of economic activity while the manufacturing sector contributed only 4 per cent to GDP in 2011. The economic transformation agenda, otherwise known as Nigeria Vision 20: 2020, sets the direction for the current industrial policy in Nigeria. The industrialization strategy aims at achieving greater global competitiveness in the production of processed and manufactured goods by linking industrial activity with primary sector activity, domestic and foreign trade, and service activity. Keywords: industrialization, mixed economy, cooperative, garment sector, Cambodia JEL classification: L2, L52 1 *Nigerian Institute of Social and Economic Research (NISER), Ibadan, corresponding author email: [email protected] The Brookings Institution is a private non-profit organization. Its mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations for policymakers and the public. Brookings recognizes that the value it provides is in its absolute commitment to quality, independence and impact. Activities supported by its donors reflect this commitment and the analysis and recommendations are not determined or influenced by any donation. Learning to Compete (L2C) is a collaborative research program of the Africa Growth Initiative at Brookings (AGI), the African Development Bank, (AfDB), and the United Nations University World Institute for Development Economics Research (UNU-WIDER) on industrial development in Africa. -
Effects of the Oil Boom Main Ideas Key Terms 1
DO NOT EDIT--Changes must be made through “File info” CorrectionKey=TX-A Section 3 Effects of the Oil Boom Main Ideas Key Terms 1. The oil boom caused Texas towns to grow rapidly. • boomtowns 2. New technologies fueled the growth of the oil industry. • internal combustion 3. The oil industry affected the politics, economy, and engines social life of Texas. • Texas Railroad Why It Matters Today C o m m i s s i o n • Permanent University During the early 1900s oil production created Fund boomtowns. Use current events sources to learn about • philanthropy how industry affects city growth today. TEKS: 6A, 7B, 9A, 9B, 12A, 12B, 13B, 13C, 15B, 15C, 17C, 20A, 20C, 20D, 21B, 21C, 21E, 22A, 22D The Story Continues Lured into the Texas oil business by the dramatic events at myNotebook Spindletop, Howard Hughes Sr. encountered a problem faced Use the annotation by all oil producers. Drill bits could not cut through hard tools in your eBook to take notes on the rock. Unlike others, though, Hughes came up with a solu- effects of the Texas tion. He outlined the basic design of the Hughes Rock Bit, Bleed Art Guide: oil boom. All bleeding art should be extended fully to the which could cut through rock 10 times faster than other bits. bleed guide. Boomtowns Like Hughes, thousands of people were drawn to Texas by the promise of spectacular fortunes to be made in the oil business. Before Spindletop, Beaumont had 9,000 residents. Within two years it had swelled to a city Art and Non-Teaching Text Guide: 50,000. -
The Shale Oil Boom: a U.S
The Geopolitics of Energy Project THE SHALE OIL BOOM: A U.S. PHENOMENON LEONARDO MAUGERI June 2013 Discussion Paper #2013-05 Geopolitics of Energy Project Belfer Center for Science and International Affairs Harvard Kennedy School 79 JFK Street Cambridge, MA 02138 Fax: (617) 495-8963 Email: [email protected] Website: http://belfercenter.org Copyright 2013 President and Fellows of Harvard College The author of this report invites use of this information for educational purposes, requiring only that the reproduced material clearly cite the full source: Leonardo Maugeri. “The Shale Oil Boom: A U.S. Phenomenon” Discussion Paper 2013-05, Belfer Center for Science and International Af- fairs, Harvard Kennedy School, June 2013. Statements and views expressed in this discussion paper are solely those of the author and do not imply endorsement by Harvard University, the Harvard Kennedy School, or the Belfer Center for Science and International Affairs. The Geopolitics of Energy Project THE SHALE OIL BOOM: A U.S. PHENOMENON LEONARDO MAUGERI June 2013 iv The Shale Oil Boom: A U.S. Phenomenon ABOUT THE AUTHOR Leonardo Maugeri is the Roy Family Fellow at the Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University. Leonardo Maugeri has been a top manager of Eni (the sixth largest multinational oil company), where he held the positions of Senior Executive Vice President of Strategy and Development (2000-2010) and Executive Chairman of Polimeri Europa, Eni’s petrochemical branch (2010- 2011). On August 31th, 2011, he left Eni. Maugeri has published four books on energy, among them the The Age of Oil: the Mythology, History, and Future of the World’s Most Controversial Resource (Praeger, 2006), and Beyond the Age of Oil: The Myths and Realities of Fossil Fuels and Their Alternatives (Praeger, 2010). -
The Shale Oil Boom: a U.S
The Geopolitics of Energy Project THE SHALE OIL BOOM: A U.S. PHENOMENON LEONARDO MAUGERI June 2013 Discussion Paper #2013-05 Geopolitics of Energy Project Belfer Center for Science and International Affairs Harvard Kennedy School 79 JFK Street Cambridge, MA 02138 Fax: (617) 495-8963 Email: [email protected] Website: http://belfercenter.org Copyright 2013 President and Fellows of Harvard College The author of this report invites use of this information for educational purposes, requiring only that the reproduced material clearly cite the full source: Leonardo Maugeri. “The Shale Oil Boom: A U.S. Phenomenon” Discussion Paper 2013-05, Belfer Center for Science and International Af- fairs, Harvard Kennedy School, June 2013. Statements and views expressed in this discussion paper are solely those of the author and do not imply endorsement by Harvard University, the Harvard Kennedy School, or the Belfer Center for Science and International Affairs. The Geopolitics of Energy Project THE SHALE OIL BOOM: A U.S. PHENOMENON LEONARDO MAUGERI June 2013 iv The Shale Oil Boom: A U.S. Phenomenon ABOUT THE AUTHOR Leonardo Maugeri is the Roy Family Fellow at the Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University. Leonardo Maugeri has been a top manager of Eni (the sixth largest multinational oil company), where he held the positions of Senior Executive Vice President of Strategy and Development (2000-2010) and Executive Chairman of Polimeri Europa, Eni’s petrochemical branch (2010- 2011). On August 31th, 2011, he left Eni. Maugeri has published four books on energy, among them the The Age of Oil: the Mythology, History, and Future of the World’s Most Controversial Resource (Praeger, 2006), and Beyond the Age of Oil: The Myths and Realities of Fossil Fuels and Their Alternatives (Praeger, 2010). -
Made in America: Why the Shale Revolution in America Is Not Replicable in China and Argentina
Washington University Global Studies Law Review Volume 14 Issue 1 2015 Made in America: Why the Shale Revolution in America is Not Replicable in China and Argentina Danelle Gagliardi Washington University in St. Louis Follow this and additional works at: https://openscholarship.wustl.edu/law_globalstudies Part of the Comparative and Foreign Law Commons, Environmental Law Commons, Oil, Gas, and Mineral Law Commons, and the Property Law and Real Estate Commons Recommended Citation Danelle Gagliardi, Made in America: Why the Shale Revolution in America is Not Replicable in China and Argentina, 14 WASH. U. GLOBAL STUD. L. REV. 181 (2015), https://openscholarship.wustl.edu/law_globalstudies/vol14/iss1/10 This Note is brought to you for free and open access by the Law School at Washington University Open Scholarship. It has been accepted for inclusion in Washington University Global Studies Law Review by an authorized administrator of Washington University Open Scholarship. For more information, please contact [email protected]. MADE IN AMERICA: WHY THE SHALE REVOLUTION IN AMERICA IS NOT REPLICABLE IN CHINA AND ARGENTINA I. INTRODUCTION The “shale boom,”1 as many inside and outside the industry call it, has been sweeping the United States since 2011, specifically in Texas, Ohio, West Virginia, and Pennsylvania.2 Technology such as hydraulic fracturing, known as “fracking,”3 has given energy producers a new reason to tap into the rock formation known as shale and extract its oil and gas.4 Although many outside of the energy industry have heard an increasing amount of discussion about shale and fracking in the United States, few within that group—and arguably a small number of people involved in the industry itself—have heard much discussion concerning shale development in other countries. -
Lutz Kilian, "The Impact of the Fracking Boom on Arab Oil Producers
The Impact of the Fracking Boom on Arab Oil Producers April 4, 2016 Lutz Kilian University of Michigan CEPR Abstract: This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008. Second, I examine to what extent increased U.S. exports of refined products made from domestically produced crude oil have caused Arab oil exports to the rest of the world to decline. Third, the article quantifies by how much increased U.S. tight oil production has lowered the global price of oil. Using a novel econometric methodology, it is shown that in mid-2014, for example, the Brent price of crude oil was lower by $10 than it would have been in the absence of the fracking boom. I find no evidence that fracking was a major cause of the $64 decline in the Brent price of oil from July 2014 to January 2015, however. Fourth, I provide evidence that the decline in Saudi foreign exchange reserves between mid-2014 and August 2015 would have been reduced by 27 percent in the absence of the fracking boom. Finally, I discuss the policy implications of my findings for Saudi Arabia and for other Arab oil producers. JEL Code: Q43, Q33, F14 Key Words: Arab oil producers; Saudi Arabia; shale oil; tight oil; oil price; oil imports; oil exports; refined product exports; oil revenue; foreign exchange reserves; oil supply shock. -
Oil Factor in Economic Development
energies Article Oil Factor in Economic Development Sugra Ingilab Humbatova 1 and Natig Qadim-Oglu Hajiyev 2,* 1 Department of Economy and Management, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat Str. 6, Baku AZ-1001, Azerbaijan; [email protected] or [email protected] 2 Department of Regulation of the Economy, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat Str. 6, Baku AZ-1001, Azerbaijan * Correspondence: [email protected] or [email protected]; Tel.: +994-050-228-9880 Received: 25 March 2019; Accepted: 18 April 2019; Published: 25 April 2019 Abstract: The research examines the role of oil in the world economy and the evaluation of the oil factor in the economy of Azerbaijan. The error correction model (ECM) has been used in terms of reliability of the obtained results, and assessment has been done by the FMOLS, DOLS and CCR co-integration methods. Engel-Granger and Phillips-Ouliaris co-integration tests have been used for checking the co-integration relations among variables. Times series have been checked whether they are unit root (Augmented Dickey-Fuller (ADF), Phillips-Perron (PP) and Kwiatkowski-Phillips-Schmidt-Shin (KPSS) as a methodology of the research. The results of the research reveal that daily oil production and consumption have less effect on the formation of the world oil prices. On the other hand, the impact of the world GDP and world industry production volume is a bit more. Generally, the influence of these factors on oil market has been reduced gradually. However, the reverse process is observed during the analysis of the influence of oil production and oil price on the main indicators of Azerbaijan and Kazakhstan. -
A Self-Taught Texas Wildcatter: Pattillo Higgins and the Hockley Oilfield
East Texas Historical Journal Volume 34 Issue 1 Article 9 3-1996 A Self-Taught Texas Wildcatter: Pattillo Higgins and the Hockley Oilfield Ronald H. Limbaugh Follow this and additional works at: https://scholarworks.sfasu.edu/ethj Part of the United States History Commons Tell us how this article helped you. Recommended Citation Limbaugh, Ronald H. (1996) "A Self-Taught Texas Wildcatter: Pattillo Higgins and the Hockley Oilfield," East Texas Historical Journal: Vol. 34 : Iss. 1 , Article 9. Available at: https://scholarworks.sfasu.edu/ethj/vol34/iss1/9 This Article is brought to you for free and open access by the History at SFA ScholarWorks. It has been accepted for inclusion in East Texas Historical Journal by an authorized editor of SFA ScholarWorks. For more information, please contact [email protected]. 40 EAST TEXAS HISTORICAL ASSOCIATION A SELF-TAUGHT TEXAS WILDCATTER: PATTILLO HIGGINS AND THE HOCKLEY OIL FIELDl by Ronald H. Limbaugh Lucas No.1, the nation's first spectacular oil gusher, blew in on January 10, 190], on a salt dome known as ;'Spindletop" located just south of Beaumont, Texas. Named for its developer, Captain Anthony Francis Lucas, the phenomenal well shot oil) 75 feet above the derrick and ran unchecked for ten days. For seven months it produced an average 40,000 barrels per day and touched off a boom that turned the nation's oil industry on its head. Less well known is the discoverer of Spindletop, Pattillo Higgins, a self taught geologist, wildcatter, consultant, promoter, and so-called "prophet" of the Texas oil industry,2 He was instrumental in bringing SpindJetop's oil potential to public attention in the 1890s, yet his name does not appear on the tall obelisk that was erected on the fiftieth anniversary of the Spindletop discovery well.