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A profile of the oil and gas industry : resources, market forces, geopolitics, and technology / Linda Herkenhoff.

By: Material type: TextTextSeries: Publication details: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, (c)2014.Edition: First editionDescription: 1 online resource (136 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781606495018
Subject(s): LOC classification:
  • HD9560 .P764 2014
Online resources: Available additional physical forms:
Contents:
2. How the industry operates -- 3. Industry organization and competition -- 4. Market forces -- 5. Regulations of the oil industry -- 6. Challenges and opportunities -- Notes -- References -- Index.
Abstract: As early as 3000 BC, we know that the people of Mesopotamia were using crude oil as a tar for building ships and houses, so, it is not by any means a new industry, but it is a volatile one. Oil and gas are important to every aspect of our economy yet this industry is distinguished by its combination of increasing demands and decreasing discovery volumes; and it is an industry shrouded in an environment of extremely volatile pricing. Although the profits enjoyed by the oil and gas industry are enormous, the industry remains one of the most capital intensive in a world where rising expenses continue to threaten to squeeze profit margins.
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Part of: 2013 digital library.

1. Introduction -- 2. How the industry operates -- 3. Industry organization and competition -- 4. Market forces -- 5. Regulations of the oil industry -- 6. Challenges and opportunities -- Notes -- References -- Index.

As early as 3000 BC, we know that the people of Mesopotamia were using crude oil as a tar for building ships and houses, so, it is not by any means a new industry, but it is a volatile one. Oil and gas are important to every aspect of our economy yet this industry is distinguished by its combination of increasing demands and decreasing discovery volumes; and it is an industry shrouded in an environment of extremely volatile pricing. Although the profits enjoyed by the oil and gas industry are enormous, the industry remains one of the most capital intensive in a world where rising expenses continue to threaten to squeeze profit margins.

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