Chapter 1: Historical perspectives on the global petroleum economy
Tina Soliman Hunter
Category:
Chapter
Published:
20 Jan 2023
Page Range:
2–32
Collection:
Law 2023
DOI:
https://doi.org/10.4337/9781788978224.00006
Keywords:
Petroleum; Oil and gas; Foreign policy; Energy policy; Energy law; Global petroleum economy
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Stretching over 150 years, the global petroleum industry commenced in small town USA, developing into a multi-trillion, multijurisdictional, international industry, with the power to drive wars, strategic alliances, and national agendas. This chapter provides a historical perspective on the oil and gas industry. Not confined to examining the historical development from a strictly chronological approach, this chapter places these developments within an economic context, examining drivers of, and consequences from, the emergence and spread of the petroleum industry. It especially focuses on the role and importance of the Middle East region from the middle of the 20th century, and its continued importance in US foreign policy today.

Cover Research Handbook on Oil and Gas Law
Research Handbook on Oil and Gas Law
Edited by
Tina Soliman Hunter
and
Madeline Taylor
Handbook
Published:
20 Jan 2023
Print ISBN:
9781788978217
eISBN:
9781788978224
DOI:
https://doi.org/10.4337/9781788978224
Pages:
456
Collection:
Law 2023
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