1.

Record Nr.

UNINA9910809847403321

Autore

Herkenhoff Linda

Titolo

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

Pubbl/distr/stampa

New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014

ISBN

1-60649-501-1

Edizione

[First edition.]

Descrizione fisica

1 online resource (152 p.)

Collana

Industry profiles collection

Disciplina

338.27282

Soggetti

Petroleum industry and trade

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Part of: 2014 digital library.

Nota di bibliografia

Includes bibliographical references (pages 125-132) and index.

Nota di contenuto

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.

Sommario/riassunto

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.