Nuclear Fuels. Acid Rain. Climate Change. Climate Feedback. Ocean Acidification. Rising Sea Level. OPEC cartel. Goolsbee, S. Levitt and C. Black, N. Hashimzade, and G. Parkin and R. Economics: Canada in the Global Environment. Toronto: Pearson, , pp. S Energy Information Administration. Probably not. Do you know who the head of Tesla is? Transportation accounts for close to a third of the global oil demand. Experts don't see the automobile and aviation sectors returning to their pre-pandemic levels for the next years at least.
The airline industry was touted to be the biggest growth engine for oil, riding on demand from people getting richer, but that now looks unlikely, especially over the next few years.
Oil industry leaders, including BP's chief executive, Bernard Looney, and Royal Dutch Shell's boss Ben van Beurden, have said the current crisis may cause the oil demand to peak sooner than expected. The bloc, which has expanded and contracted over the years, has been plagued by squabbles over strategy and regional power struggles, which have occasionally turned into full-blown conflicts like the Iran-Iraq war and Iraq's invasion of Kuwait in Saudi Arabia, which produces a third of OPEC's oil, has remained the de facto leader of the bloc since the s, when conflicts, corruption and poor management wrecked production in other member countries, including regional rivals Iran and Iraq.
Riyadh has oscillated between propping up crude oil prices and shielding its market share, often unilaterally. Despite all its sway, Saudi Arabia has struggled to rein in the bloc's so-called cheaters, including Nigeria and Iraq, which have been notorious for failing to comply with pledged output cuts aimed at propping up oil prices. Tuvey of Capital Economics says in the medium-term Saudi Arabia will scale back its efforts to prop up oil prices and revert to the strategy of shielding its market share at any cost to avoid leaving substantial quantities of oil stranded amid falling demand.
But this is unlikely to be too troubling for the kingdom, and the government has proven its willingness to impose harsh fiscal austerity," Tuvey said. Yet it may be too early to write an obituary for the bloc, which has survived many crises in the past 60 years, eliciting comparisons to the proverbial cat with nine lives. Oil is likely to remain the world's most important commodity for years to come. These windmills in Nashtifan, northeastern Iran, are among the oldest in the world.
Made of clay, straw and wood and standing up to 20 meters 65 feet tall, they've been catching the area's strong winds to grind grains into flour for centuries. One of the few such windmills still in operation, they were registered as a national heritage site by Iran's Cultural Heritage Department in Early Persian models inspired the classic windmills of Europe, which have become a symbol of the Netherlands.
Used to power industry and pump water out of the lowlands, there are still around 1, Dutch windmills left today. Sails can be used to convey messages, such as a death in the family, a happy occasion or a period of inactivity.
Sail signals were even used to warn against Nazi raids. Its mission is to advocate for natural gas to be an integral part of a sustainable energy system. It is also to promote the political, technical, and economic progress of the natural gas industry. It has more than members. National Oil and Gas Associations Natural Gas Council is made up of five associations that cover the entire United States oil and gas industry, "from the wellhead to the burner tip.
Natural Gas Council External The Council addresses industry issues and concerns, and issues joint statements, reports, letters and filings representing the unified views of the industry. They also publish research and statistics on a variety of oil industry topics. American Gas Association External AGA's website includes natural gas policy profiles by state, American Gas magazine, a glossary, and education overview of natural gas.
Independent Petroleum Association of America External IPAA provides resources for independent oil and gas producers, such as talking points, press kits, and links to resources. They also publish the Energy In Depth website, which advocates for the development of onshore energy resources. Natural Gas Supply Association External NGSA publishes short guides to natural gas topics and studies and research reports, with the purpose of supporting a competitive marketplace for specifically downstream activities of the industry.
Many countries have their own industry associations. For example:. Library of Congress Catalog Searches Additional works on organizations in the oil and gas industries in the Library of Congress may be identified by searching the Library of Congress Online Catalog under appropriate subject headings.
Energy policy--International cooperation. Energy development--International cooperation. International Energy Agency. Organization of Petroleum Exporting Countries. Organization of Arab Petroleum Exporting Countries. Petroleum industry and trade. Also see publications in our collections authored by these organizations:.
Back to text Andrew R. Henderson
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