Oil Boom Research Articles

Italian Libyan Relations 1951 – 1969 Eecnomic Study

This study explores the economic dimensions of Italian-Libyan relations from 1951 to 1969, a period marked by the shifting sands of post-colonial geopolitics and economic development. After Libya's independence in 1951, Italy, as a former colonial power, sought to maintain and reshape its economic ties with the newly sovereign nation. This period witnessed significant Italian investment in Libyan infrastructure, oil exploration, and trade, reflecting both countries' evolving economic priorities and strategies. The study examines key agreements, economic aid, and the impact of the oil boom on bilateral relations. By analyzing trade data, investment flows, and political agreements, the research highlights how economic considerations influenced diplomatic interactions and contributed to the broader geopolitical landscape of the region. The findings provide insights into the complexities of post-colonial economic relationships and the strategic maneuvers of a former colonial power seeking to secure its interests in a rapidly changing world.

Gridlock: Infrastructure and Jurisdiction in Eastern Navajo Agency

AbstractThis article examines how settler legal orders in Eastern Navajo Agency produce conditions of impasse that defer investments in life sustaining infrastructures, like roads. Focusing on the conjuncture of infrastructural decay and jurisdictional friction amid an oil and gas boom, I elaborate a concept of “gridlock” as a deadly effect of settler governance. Unfolding stories about road maintenance, school access, and emergency medical transport, the article describes gridlock as a space of both impasse and improvisation that Diné residents inhabit in moving through a region engineered for their immobility.

Potential Health Hazards of Cryptocurrency Mining

Potential Health Hazards of Cryptocurrency Mining

Synthesis of a new oil-absorbing PVC oil boom and its application to maritime oil spills

This paper aims to address the issue of environmental pollution resulting from marine oil spills by evaluating the oil adsorption performance of commonly used fence materials. Conventional oil adsorption materials exhibit limited rates and capacities for oil adsorption. Existing methods have proven insufficient in meeting the requirements for efficient and rapid oil–water separation. A new oil-absorbing barrier was developed by utilizing high oil adsorption resin as the primary material and hydroxypropyl methyl cellulose (HPMC) as the binder, leveraging the exceptional oil adsorption and hydrophobic properties of P(BMA-SMA-St)/MIL-101(Fe) resin. The oil-absorbing fence was characterized using scanning electron microscopy (SEM), Fourier transform infrared spectroscopy (FTIR) and thermogravimetric analysis (TGA). The oil adsorption rates of carbon tetrachloride, toluene, diesel and gasoline by the oil adsorption fence with 25 g/L resin content were 101.26 g/m2, 68.12 g/m2, 35.19 g/m2, and 46.69 g/m2, respectively. After 120 h of UV irradiation, the coating’s oil absorption capacity remained nearly unchanged, and it demonstrated outstanding mechanical, chemical, and wear resistance. As a result, the oil adsorption fence possesses the capability to rapidly absorb oil from the water’s surface during the process of containing oil pollution, leading to positive social and economic impacts.

Research on double‐USVs fuzzy‐priority NSB behavior fusion formation control method for oil spill recovery

AbstractReplacing manned ships with unmanned surface vehicle (USV) for oil spill containment can reduce the consumption of manpower and resources. This article studies the formation control method of dual USVs during the process of capturing oil spill, based on the engineering background of towing oil boom by dual USVs oil spill recovery system. To calculate the drag force of the oil boom acting on the USV, the shape of the oil boom is simplified into a catenary, the oil boom is modeled, and the hydrodynamic numerical simulation is carried out. To address the issue of “winding” phenomenon and “towing separation,” the formation behavior is designed when double USVs are towing oil fences to capture oil spill. In response to the problem of low task execution efficiency caused by fixed behavior priority in traditional null‐space‐based (NSB) behavior fusion methods, a fuzzy‐priority NSB (FNSB) behavior fusion formation method is proposed by combining fuzzy control with NSB behavior fusion method. In the FNSB behavior fusion formation control method, a smooth transition rule is introduced to make the behavior priority change, USVs can still maintain good formation performance, ensuring the smooth execution of oil spill recovery tasks. Simulation shows that FNSB behavior fusion formation method based on flexible transition rules can improve the rounding efficiency by 26.6% in the environment without obstacles and 37.2% in the environment with multiple obstacles compared with the NSB method. The effectiveness and practicality of this method have been verified through simulation experiments and field experiments on the “Dolphin” series of small USVs.

Land suitability mapping for groundnut production in southern region of Borno state, Nigeria

Groundnut (Arachis hypogea) is a leguminous oilseed crop cultivated in the semi-arid and subtropical region of the world. In West Africa, groundnut plays an important role. This includes food production for household consumption, cash crops, sources of employment, and incomes for smallholders in rural households. In Nigeria, it was among the major sources of income before the oil boom. Some of the activities surrounding its production are the development of commerce, employment, and foreign exchange. This study aims to identify the most suitable sites for groundnut production in the Southern Borno Region, Nigeria with the objectives to identify areas of groundnut cultivation within the southern Borno region and to conduct a suitability analysis for groundnut production within the study area. Primary and secondary data and questionnaires were used in this study. Climatic data such as Temperature, Rainfall, Precipitation, Wind speed, Relative Humidity, Soil, and Topographic data were also used. The parameters were overlaid using the weighted overlaid operation in ArcGIS 10.3 and ranked from the most suitable to the least suitable for wheat production within the study region. The result of the study revealed that groundnut is cultivated in all parts of Southern Borno Region. It revealed that areas around Askira/Uba, Chibok and Damboa are the most suitable site for groundnut cultivation. This study demonstrates the capabilities of Remote Sensing and GIS Systems for multi-criteria analysis in Land Suitability Mapping. It is recommended that farmers around Askira/Uba, Chibok and Damboa be encouraged to cultivate more groundnuts.

Pipeline incidents and property values

The rapid expansion of pipelines during the U.S. shale oil and gas boom drew attention to the economic consequences of pipeline incidents. This study investigates the impacts of 426 gas distribution pipeline incidents on property values in the United States between 2010 and 2020. We find that only incidents that are both severe (involving explosion, ignition, or fatalities) and occurred on above-ground pipelines, which we define as high-profile incidents, have adverse effects on nearby property values, while other incidents have no measurable housing price effect. A difference-in-differences analysis finds that high-profile incidents significantly decrease property values within 1000 m by 8.2%, and the negative impact can persist for about eight years on average. Furthermore, we find a drop in transaction volume that lasts a short period after the incidents, suggesting an initial demand-side response. In contrast to the strong effects of pipeline incidents, we do not find statistically significant price effects from pipeline installation. We also demonstrate that there is substantial heterogeneity by the type of incident and that results based on studies of individual incidents should be generalized with caution.

The shale oil boom and the US economy: Spillovers and time‐varying effects

SummaryWe provide new evidence that the transmission of oil price shocks to the US economy has changed with the shale oil boom. To show this, we develop a time‐varying parameter factor‐augmented vector autoregressive (FAVAR) model with a large data environment of state‐level, industry, and aggregate US data. The model effectively captures potential spillovers between oil and non‐oil industries, as well as variation over time. Specified in this way, we find that investment, income, industrial production, and (non‐oil) employment in most oil‐producing and some manufacturing‐intensive US states increase following an oil‐specific shock—effects that were not present before the shale oil boom.

The Palm Oil Industry in Nigeria and Malaysia: Decline and Economic Sustainability

Oil palm is a west African crop. The trade in palm oil has emerged during the industrial revolution led by Britain, this palm oil was used to lubricate machines. In 1960s, Nigeria was the largest producer of palm oil globally, which accounted for the 43% of palm oil production entirely, but then the entire production declined due to some factors that slowed the palm oil production growth. While in Malaysia, oil palm production serves as the leading and contributing sector to its economy; and it also achieved recognition globally. Palm oil has made a huge contribution to Malaysia economic growth by providing employment, improving infrastructure, alleviating poverty, and generating income for workers and government. This paper objective is to explore the Nigerian decline and Malaysian sustainability on palm oil. It is a qualitative paper, it used primary and secondary method to collect data. The primary method used open-ended interview to collect data, while the secondary method used documents such as: books, journal, conference papers to collect data; and it employed inductive thematic analysis for analysing the interview data collected. It used ATLAS.ti 8 software to help analyse the data. The finding is Nigerian decline which includes: oil boom in 1970s and decline in agriculture, civil war, and traditional palm oil production; and Malaysian sustainability on palm oil includes: environmental consciousness, economic escalation, and social commitment. In conclusion, Nigeria has to learn from Malaysian sustainability to recover its production.

Are you a True Patriot? Twentieth‐century Dominican State Formation in the Ecuadorian Amazon

This article examines the role played by Dominican missions in Ecuador's Amazonian territory from approximately 1930–1970. In the Dominicans' own monthly magazine, they claimed not only the roles of infrastructural development, “civilisation” of indigenous peoples, and nationalisation of territory, as did Catholic missions elsewhere; but also the roles of mediator of competing interests and redeemer of the entire country. The central Pastaza River region and important cities like Mera and Puyo were administered and developed chiefly by the Dominican missions ahead of massive colonisation and economic development linked to agriculture and oil drilling. This research contributes to our understanding of the role of Catholic missions in Ecuador's twentieth century by demonstrating that print media allowed them to be more than just frontier institutions. It also illustrates how Ecuador's “Oriente” came to be more fully integrated into the nation prior to the oil boom of the 1970s.

Oil boom, rent sharing, job prospects and human capital investment: Evidence from Chad

A large body of literature shows that the drop in educational attainment resulting from the resource boom is one of the major drivers of the so-called resource curse. This paper explores how upstream actions can avoid this resource curse and promote human capital development at the local level. Specifically, I examine how a rent-sharing model and the employment opportunities induced by an oil boom for native populations affect secondary education decisions in Chad’s oil region. Using a synthetic control method, I find that these measures increased secondary school attendance in the region. Similar results were obtained using a difference-in-differences approach. In terms of mechanisms, the results show that labor market opportunities and regulations were more effective in promoting investment in education than the rent-sharing model. Finally, I note that these measures reduced dropouts rather than increasing attendance at all levels.

The impact of globalization on the revival of innovative housing models in Doha, Qatar

After the oil and economic boom of the 20th century, Doha experienced significant development in terms of the architectural scene, design, function, and sociocultural transformations. The advancements in global architecture have facilitated innovative and streamlined construction processes, while creating a paradigm shift in the overall architecture of dwellings and how people navigate around the house. In this context, this research aims to study the impact of globalization on housing typologies and the factors influencing their evolution, focusing on the city of Doha as a case study. This study is based on a qualitative research approach that centers its investigation on Doha while exploring strategies for preserving Arabic-Islamic identity. The research investigation used a content analysis methodology to analyze three additional case studies within the MENA region. The results indicate that new housing typologies have emerged in cities due to globalization and changes in physical and sociocultural dimensions. In addition, preserving older neighborhoods and housing typologies through a bottom-up approach is essential for design creativity and climatic and sociocultural sensitivity while exchanging knowledge and sharing experiences between generations. Furthermore, this article promotes heritage awareness and encourages local authorities to preserve Doha’s surviving historic neighborhoods and architectural language to restore the city’s urban identity. The findings of this research can provide helpful guidance to architects and urban planners on how Doha’s housing has developed until the contemporary period.

Revisiting the relationship between oil supply news shocks and U.S. economic activity: Role of the zero lower bound

Do oil supply news shocks affect the U.S. economy differently at the zero lower bound? We provide evidence consistent with this hypothesis. Using various U.S. macroeconomic time series data from 1975, we find that the transmission of oil price shocks driven by changes in supply expectations is substantially different at the zero lower bound. These shocks tend to be contractionary when interest rates are higher, and expansionary when monetary policy is operating in the ZLB. Private business investment plays a key role in altering the transmission of oil supply news shocks around the ZLB. The results continue to hold even after controlling for a potentially confounding non-linearity associated with the U.S. shale oil boom. Our empirical investigation should improve our understanding of the role played by policy and structural factors in altering the transmission of oil shocks to the U.S. economy.

Analysis of the Main Social Macroeconomic Indicators of the Population During The oil Boom in Azerbaijan

Indicators directly related to the economies of oil−exporting countries, and especially the socio−economic well−being of the population, depend on the resource potential and prices for resources of these countries. The income of the population, their average monthly salary, the average amount of monthly pensions, the average amount of old−age pensions, the average amount of disability pensions, the amount of pensions for the loss of the head of the family form the basis of the state of financial well−being. Taking them as a basis, we completed the goal of our research by constructing models that determine the dependence of the main indicators of the socio−economic and, of course, material well−being of the population of Azerbaijan on world oil prices. The study covers the years 1997−2022. The and models are adapted to determine long−term and short−term levels of these indicators, taking into account world oil prices. According to the results, a high level of co−integration relationship with world oil prices and socio−economic indicators of the population is noted. This has also been proven in the short term. Thus, the alternative , , , and models used to validate these results further demonstrated the importance of these interactions. Moreover, the study also conducted a combined Bayer−Hank co−integration test. But the results turned out to be somewhat different. The results of this study can be taken into account to one degree or another in the socio−economic policy of the state in Azerbaijan.

Unveiling the Dutch Disease Indexes: Principal Component Analysis in a Small Oil-rich Country

The Dutch disease (DD) theory is a popular approach when analyzing the economies of resource-rich countries. However, despite the extensive examination of both the original DD theory and its variations in numerous country cases, the findings remain contradictory and inconclusive, primarily due to the challenges associated with measuring DD. Building upon the notable case study of the Azerbaijani economy, this paper introduces a novel way to utilise principal component analysis (PCA) in index development, which incorporates the modelling framework of the original theory and provides a profound understanding of DD measurement. The findings of the study reveal that the fundamental variables associated with DD in the Azerbaijani economy can be effectively condensed into a small number of principal components (PCs). In addition, this research introduces not only a total Dutch disease index (TDDI), but also a resource movement index (RMI) and a spending index (SI), with the last of these demonstrating a more pronounced impact in Azerbaijan. The estimated indexes exhibit a significant and negative correlation with the manufacturing sector’s share in the industry, pointing to the presence of the crowding-out mechanism of DD. Moreover, a strong positive correlation is observed with key growth indicators such as gross domestic product (GDP) and gross capital formation, underscoring the exceptional role of the oil boom in the Azerbaijani economy. These findings justify the contention that DD is present in the Azerbaijani economy. The paper also provides a composite index that can be utilised by both policymakers and scholars for measuring DD.

Unequal ground: oil booms and income inequality in the USA

AbstractThis paper examines the impact of oil price and quantity shocks on income inequality in the USA. Using micro income data, we construct measures of pre‐tax money income inequality at the state level for the period 1980–2017. We find that a $10 increase in oil price increases inequality, measured by the ratio of pre‐tax income of the 90th percentile to 10th percentile (p90/p10), by 3.8 percentage points in states with high levels of oil endowments per capita. The increase in capital income to households at the top of the distribution drives the observed change in inequality. In addition to price shocks, we study the impact of quantity shocks that arise from oil discoveries. Quantity shocks have no effect on the overall income distribution.

Non-Oil Exports, Exchange Rate Management and Economic Growth in Nigeria

In Nigeria like most developing countries, especially the sub-Sahara African countries, exports are largely determined by factors other than a country's trade policy, such as world demand and prices with major commodity-exporting nations having high export/GDP ratios even if they have very restrictive trade policies. Oil and gas accounted for over 90 percent of Nigeria's foreign exchange earnings since the oil boom of the 1970s to date. The non-oil exports had shown significant positive trends of improvement beginning from 1960 to 1986 when SAP was introduced in Nigeria. At the instance of SAP, the flexible exchange rate policy was introduced in 1986 with the core objective to reduce over-dependency on imports and diversify the non-oil export base by immediately abolishing the marketing boards. This study empirically examines the effects of foreign exchange management and non-oil exports on economic growth rate in Nigeria. Annual data spanning 1981 to 2021 was used and the Autoregressive Distributed Lag (ARDL) estimation technique was employed in analyzing the data of the study. Findings of the study revealed that foreign exchange rate has a negative and significant impact on economic growth rate in Nigeria.

Strike Action as a Form of Social Protest in Tunde Fatunde‟s No More Oil Boom

Strike Action as a Form of Social Protest in Tunde Fatunde‟s No More Oil Boom

Bioclimatic design of middle housing in the times of the oil boom in Tampico, Mexico (1912-1930)

This paper aims to determine bioclimatic strategies suitable for the climate of Tampico and to confirm whether they were applied in the middle housing built during the oil boom in the city. The strategies applicable to the local climate are established using a climatic characterization of Tampico and a review of the recommendations by bioclimatic architecture authors. A housing catalog of the time with bioclimatic characteristics is made, obtaining access to five. Users are interviewed to know their perception of indoor comfort, studying the housing in depth regarding the existence or not of bioclimatic strategies, concluding that they have climate-appropriate bioclimatic strategies, which are the same as those used in the houses of the time (oil boom), and that have helped to improve the indoor comfort of the buildings. Using them today will help reduce indoor heating, the excessive use of non-renewable energies, and the high energy consumption costs.

Raw material economy. Oil boom in Galicia (the second half of the 19th – the first half of the 20th century)

With the beginning of the oil era in the world, Galicia with its oil fields got a chance to take part in the processes of globalization, and foreign capital along with technological innovations flowed into this previously unknown region. And many new jobs appeared in the oil industry for those Galician peasants who wanted to change their lives. However, even during the biggest oil boom at the beginning of the 20th century, the economy of Galicia could not go beyond the closed circle of the resource raw material model. One of the first oil entrepreneurs was Ignatius Lukasevich, who invented a way to obtain kerosene from oil, which was used for lighting. And one of the most famous oil tycoons was Stanislav Shchepanovskyi, the author of books on the economy of Galicia. His enterprises were located in Sloboda Rungurska, which became one of the main centers of oil production along with Drohobych and Boryslav. Moisei Hartenberg from Drohobych became another oil tycoon. Galician Ukrainians were not leaders in the oil business, they owned about 10 % of the deposits, and the rest were transferred to foreigners after the beginning of the oil boom. In general, during the oil boom, more than three hundred joint-stock companies related to this industry were founded in Galicia. Most of these were small-scale, and 15 major companies accounted for three-quarters of all oil production. Large companies were created by foreign investors. After all, the profit from investments reached at the end of the 19th century 10–12 % (in Western Europe it did not exceed 3–4 % at the time) due to low wages, as well as intensive development of deposits to obtain maximum income in a short time. The maximum level of oil production was reached in 1909 – but only 5,2 % of the world (in the USA at that time – 63 %). In general, the oil reserves in Galicia were not very large, and after the First World War, when most of the oil wells were destroyed, they were no longer restored.