Introduction to Petroleum Technology, Economics, and Politics

The perfect primer for both the layperson and the engineer, for the new hire and the old hand, describing, in easy-to-understand language, one of the biggest and most lucrative industries in the world. There is only one substance known to mankind that can cause wars, influence global economies, and make entire countries rich: petroleum. One teaspoon of the stuff carries enough energy to power a ton truck up a hill. It's in the news every single day, it influences our lives in ways that we cannot fathom, and it is the most important commodity in the world. But how much does the average person, even the average engineer, know about it? This book describes the petroleum industry, in easy-to-understand language, for both the layperson and engineer alike. From the economics of searching for oil and gas to the pitfalls of drilling and production, getting it out of the ground, into pipelines, into refineries, and, finally, into your gas tank, this book covers the petroleum industry like no other treatment before. There is coverage of pricing and the economics of this very important resource, as well, which is useful not only to engineers, but to economists and, really, anyone who uses it. From jet fuel to gasoline to natural gas and plastics, petroleum is one of the integral products of our lives. We are practically bathed it in from birth, our food is protected by it, and it even has healing properties. Learn all about this incredible substance and its fascinating history and highly debated future. An Introduction to Petroleum Technology, Economics, and Politics: Gives a thorough summary of the petroleum and natural gas industry, from prospect to production to pipelineNew technologies, such as directional and underbalanced drilling, are covered, in easy-to-understand languageUseful not only for newcomers and laypersons, but for engineers and students, particularly those for whom English is a second languageExamines the basics of pricing and valuation

James G. Speight is a senior fuel consultant and Visiting Professor at the University of Trinidad and Tobago and Adjunct Professor of Chemical and Fuels Engineering at the University of Utah, USA. He is recognized internationally as an expert in the characterization, properties, and processing of conventional and synthetic fuels and as a chemist with more than 35 years of experience in the process industries.  He is the author of numerous books and papers, the senior editor on one journal, and he has won numerous awards and distinctions.