Petropolitics: Petroleum Development, Markets and Regulations, Alberta as an Illustrative History (Energy, Ecology and the Environment) (Volume 8)

This book explores the complex interplay between the economic realities of producing energy for a global market and the role of government in regulating and structuring the extraction, production, and delivery of petroleum products. This study approaches the subject solely within the framework of economic development and institutional capacity-building to explore the economic history of the petroleum industry in Alberta. It provides a detailed analysis of the operation of the markets for Alberta oil and natural gas and the use of governmental regulations to balance and support economic development. The analytical tools used within this study are applicable to oil and gas industries throughout the world. The Importance Of Energy To The Functioning Of Any Economy Has Meant That Energy Industries Are Amongst The Most Regulated Of Industries. What Might Appear To Be Purely Private Decisions Are Made Within A Complex And Evolving Web Of Government Regulations. This Book Provides An Economic History Of The Petroleum Industry In Alberta As Well As A Detailed Analysis Of The Operation Of The Markets For Alberta Oil And Natural Gas, And The Main Governmental Regulations (apart From Environmental Regulations) Faced By The Industry. The Tools Used Within This Study Are Applicable To Oil And Gas Industries Throughout The World. -- Publisher Description. Part: One Overview. Chapter One: Petroleum And The Petroleum Industry: What Are They? --- Chapter Two: An Overview Of The Alberta Petroleum Industry --- Chapter Three: Alberta And World Petroleum Markets --- Chapter Four: Economic Analysis And Petroleum Production ---- Part Two: Overview. Chapter Five: Albertaʹs Conventional Oil Resources --- Chapter Seven: Non-conventional Oil: Oil Sands And Heavy Oil --- Chapter Eight: The Supply Of Alberta Crude Oil ---- Part Three: Overview. Chapter Nine: Government Regulation: Trade And Price Controls --- Chapter Ten: Government Controls On The Petroleum Industry: Oil Prorationing --- Chapter Eleven: Economic Rent And Fiscal Regimes --- Part Four: Overview. Chapter Twelve: The Alberta Natural Gas Industry: Pricing, Markets, And Government Regulations --- Chapter Thirteen: The Petroleum Industry And The Alberta Economy --- Chapter Fourteen: Lessons From The Alberta Experience. Alan J. Macfadyen And G. Campbell Watkins. Includes Bibliographical References (pages [463]-478) And Index. Issued Also In Electronic Format. Winner of the 2014 Book of the Year Award from the Petroleum History Society! The importance of energy to the functioning of any economy has meant that energy industries are amongst the most regulated of industries. What might appear to be purely private decisions are made within a complex and evolving web of government regulations. Petropolitics: Petroleum Development, Markets and Regulations, Alberta as an Illustrative History provides an economic history of the petroleum industry in Alberta as well as a detailed analysis of the operation of the markets for Alberta oil and natural gas, and the main governmental regulations (apart from environmental regulations) faced by the industry. The tools used within this study are applicable to oil and gas industries throughout the world. The importance of energy to the functioning of any economy has meant that energy industries are amongst the most regulated of industries. What might appear to be purely private decisions are made within a complex and evolving web of government regulations. Petropolitics: Petroleum Development, Markets and Regulations, Alberta as an Illustrative History provides an economic history of the petroleum industry in Alberta as well as a detailed analysis of the operation of the markets for Alberta oil and natural gas, and the main governmental regulations (apart from environmental regulations) faced by the industry. The tools used within this study are applicable to oil and gas industries throughout the world. Winner, 2014 Book of the Year, Petroleum History Society