Beruflich Dokumente
Kultur Dokumente
Dr Karin Oerlemans
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Unit Overview
Topic 1: Introduction – The Founders
Lecture 1: Introduction to course: Oil beginnings
Lecture 2: The establishment of oil capitalism in the USA
Lecture 3: The irresistible rise of John D Rockefeller
Lecture 4: The rise of the multinationals
Topic 2: The Global Struggle
Topic 3: War and Strategy
Topic 4: Oil and Gas Economics
Topic 5: Oil and Gas Technology in context
Topic 6: The Energy Industry Today
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Recommended Reading
Yergin, D. (1991). The prize: The epic quest for oil, money and
power. New York: Free Press.
Prologue
Chapter 1
Other References:
J R Soc Med. 1993 January; 86(1): 43–44
http://www.sjgs.com/history.html
http://www.loc.gov/rr/business/BERA/issue5/history.html#ancient
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Lecture Outcomes
Upon successful completion of this lecture you should:
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Lecture Overview
Course Introduction
Course Objectives
Content Themes
Course Content
Assessment
Course Delivery
Current Affairs
Oil – The Beginnings
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Course Introduction
The oil and gas industry
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Course Introduction
1911 Churchill: Britain’s naval supremacy based on oil –
“Mastery itself was the price”
Why Oil?
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Course Objectives
By the end of this unit students should be able to:
Comprehend the importance of oil and gas to a nation’s economy and
trace the historical development of the industry, identifying how the
quest for oil and gas resources has influenced and determined the
world distribution of political and economic power;
Relate the economic importance of oil and gas in today's society and
understand the changes in the balance between coal, oil and gas
utilisation from the Industrial Revolution until now, and into the future;
Appreciate the technical innovations that have enabled oil and gas to
be found, purchased and transported to customers;
Demonstrate an understanding of the economic concepts and tools
required to understand pricing mechanisms, financing, fiscal policy
and the measures of profitability appropriate to the oil and gas
industry; and
Distinguish between the economic and political environments of a
number of different oil and gas regions, analyse how these impact the
industry of nations globally, nationally and locally, and perceive future
trends.
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Course Themes
The rise and development of capitalism and modern business
Oil as a commodity intimately intertwined with national
strategies and global politics and power
Hydrocarbon Society – Hydrocarbon Man
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Content Themes
This unit encompasses 10 main sub themes.
Our Dependence on Oil and a Personal Energy Audit:
How much energy do you use/require in your every day life?
The rise and development of capitalism & modern business enterprises: oil as
the fore-runner
Oil and National Security
National strategies
Global politics
Power
Security of supply
The Middle East – a Geopolitical case study
OPEC
The Shaping of Society: ‘Hydrocarbon Man’
Oil & Gas Economics
The Age of Gas
Hydrocarbon Wealth: A Mixed Blessing? Australia and Saudi Arabia
Future Trends
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Course Content
Historically
An extensive examination of the growth and development of the oil and
gas industry
A historical account of the first production of oil in the USA, and the oil
rushes that followed
A description of the rise of major American oil companies
A discussion of the development of the industry outside the USA,
leading to oil and gas as a global industry, and the rise of multi-national
oil companies.
An outline of the formation and history of OPEC
A historical look at the development of the engineering and technology
to meet the demand of producing and transporting the world’s
requirements for oil and gas
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Course Content
Geopolitically
The documentation of the role of the global struggle for oil in the wars of
the 20th Century, and also including the Iraq conflict
An examination of the economic impact of the oil & gas industry through
a number of studies:
The North Sea and its impact on the UK and Norwegian economies
SE Asian fields and the impact of their development on countries in the
region
The North West Shelf and its impact on the Australian economy
These studies will also consider the accompanying political settings and
policy decisions in each case.
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Course Content
Economically
Fundamentals in oil and gas economics
Effect of oil and gas industry on an economy
Government revenue
Oil and gas pricing
Market forces
Taxation
Future trends
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Assessment
These will use a variety of modes and will include
Assignments integrated with the lecture delivery
Assignments for developing selected case studies
Presentations of case studies
A final exam to assess the overall understanding of the subject
A number of formative assessments (short answer and multiple
choice questions) at the completion of each topic, for student’s own
feedback and information – these may be discussed in tutorials
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Assessment
Assignment 1 - Personal Energy Use 15%
Assignment 2 - World Energy Use 15%
Case study Assignment & Presentation 50%
Exam 20%
Total 100%
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Current Affairs
Newspapers & Current Affairs:
Students will need to raise their awareness of current affairs and
become regular newspaper readers & listeners to serious news
radio
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Oil – Antiquity
First records of oil:
Indians - used it for decoration, skin coloring, medicinal purposes and
various religious practices.
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road making
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Oil – For Medicine
Medicine:
Bitumen or asphalt seepages
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Oil – War
Used in warfare
Romans – flaming containers
Iliad (Homer), “ the Trojans cast upon the ship unwearied fire, and
over her forthwith streamed a flame that might not be quenched”
Byzantine empire
Later than 7th Century: for attacking ships, shot on arrow tips, primitive
grenades
Recipe – a state secret
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Oil – In Europe
Similar bitumen or asphalt seepages in Europe: especially
Rumania, where Peasants dug shafts by hand to obtain crude
oil, from which kerosene was refined
Source: museum.gov.ns.ca/fossils/finders/gesner.htm
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Oil – The Beginnings in the USA
First records & uses of
oil in USA
Oil seepages:
Oil Creek in Western
Pennsylvania
Collected by
primitive means -
skimming, wringing
out rags left to soak
up oily water
Medicines and
kerosene industry
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34 companies - $5 million
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In Summary
Course
Content
Lectures
Assessment
Tutorials
Historical Development
Three themes
Oil beginnings
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Lecture Conclusion
This is the end of Topic 1, Lecture 1
You may now progress to Topic 1, Lecture 2
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