Oil Crisis Research Articles

The Anglo-Iranian oil crisis re-revisited: World Bank and Truman–Churchill proposals

ABSTRACT In his recent article in this journal, Homa Katouzian has advanced the following arguments regarding proposals by the World Bank and the UK/US to resolve the Iranian oil crisis. First, ‘the 1953 coup in Iran was not inevitable’. Second, ‘by declining the (World) Bank’s offer, Mosaddeq made the greatest mistake of his career’. Third, the latter decision played ‘right into the hands of the coup makers’. Fourth, had Mosaddeq accepted the last Truman–Churchill proposal, ‘there would (not) have been … the 1953 coup’ 1 1 Homa Katouzian, ‘The Anglo-Iranian oil crisis revisited: Iran’s rejection of the World Bank Intervention and the 1953 coup’, British Journal of Middle Eastern Studies, published online on (27 September, 2022): 1. . Documentary evidence from the World Bank’s declassified Archives as well as the latest edition of the diplomatic record of the US supports a different set of arguments. First, Mosaddegh was justified in declining the proposals. Second, the Bank proposal was a de facto Trojan Horse to help return the former Anglo-Iranian Oil Company (AIOC) in control of Iran’s oil operations under the cover of an international organization. Third, the final Truman–Churchill proposal would have mortgaged Iran for about a century had Iran accepted British demands on compensation. Finally, given the negative pre-disposition of the key British and American officials against Mosaddegh, the 1953 coup was inevitable, regardless of the outcome of negotiations over the two proposals.

(Invited) The Impact of "Fujishima-Honda Effect" in the Early Stage of Photoelectrochemical Research

Studies on semiconductor electrochemistry have been actively carried out since the 1950's mainly from fundamental points of view. Many reviews and books were published by the early 1970s (1-7). The paper by Fujishima and Honda on "Electrochemical Photolysis of Water at a Semiconductor Electrode" was published in Nature in 1972 (8) and it became very important as the 1st oil crisis took place in 1973 as this paper suggested that solar energy may be directly converted to chemical energy, hydrogen, by using semiconductor/aqueous electrolyte solution/metal cells.In this talk, I will describe the impact of the "Fujishima and Honda Effect" in the early days of photoelectrochemical research.References Green, in Modem Aspects of Electrochemistry, No. 2. Ed. by J. O'M. Bockris, Butterworths, London, 343-407 (1959).F. Dewald. in Semiconductors. ACS Monograph, No. 140, Ed. by N. B. Hannay, Reinhold, New York, 727-752 (1959).Gerischer.in Adv. Electrochem. Electrochem. Eng., Vol. 1, Ed. by P. Delahay, lnterscience, New York, 139-232 (1961).P. Holmes. Ed., The Electrochemistry of Semiconductors, Academic. London, 1962.V. Myamlin and Yu.V. Pleskov, Electrochemistry of Semiconductors. Plenum, New York. 1967.Gerischer, in Physical Chemistry: An Advanced Treatise, Vol. IXA. Ed. by H. Eyring. Academic. New York. 1970, Chap. 5.R. Morrison, Prog. Surf. Sci., 1(1971) 105.Fujishima and K. Honda, Nature, 238 (1972) 37.PV 77-3, "Semiconductor Liquid-Junction Solar Cells", by A. Heller.PV 82-3, "Photoelectrochemistry: Fundamental Processes and Measurement Ed. by W. L. Wallace, A. J. Nojik, and S. K. Deb.PV 88-14, "Photoelectrochemistry and Electrosynthesis on Semiconducting Materials", by D.S. Ginley, A. Nojik, N. Armstrong, K. Honda, A. Fujishima, T. Sakata, and T. Kawai.

Spatiotemporal dynamics of LULC change and implications for sustainable urban growth in Saudi Arabia

This study investigates the spatiotemporal dynamics of land use and land cover (LULC) change in Saudi cities between 2013 and 2023. Using Landsat satellite imagery and a Maximum Likelihood Classifier, LULC changes are analyzed in nine cities to understand the impact of Saudi Arabia’s rapid urbanization following the oil crisis. The objectives are: (1) to evaluate the LULC changes in nine cities between 2013 and 2023; (2) to explore the spatiotemporal patterns of LULC changes in this period; and (3) to interpret the urban expansion that occurs in Saudi Arabia in the light of the kingdom sustainable development plan. The results identifiy four primary LULC change models: Urbanization, Vegetation Recovery, Land Degradation, and Ecological Transition Models. The Urbanization and Land Degradation Models determine Saudi Arabia’s urban growth trend, posing significant challenges to sustainable development. Most cities experienced substantial increases in impermeable surfaces and developed lands, while concurrently losing high terrain and barren areas. However, the small cities showed lower urbanization and land degradation rates than major cities, showing an opportunity to sustainably grow by adopting sustainable planning approaches. The study’s findings show that more targeted and comprehensive policies are needed to address the challenges of urbanization and land degradation, mitigate environmental impacts, and ensure long-term resilience. It underscores the importance of considering Ecological Urbanism in urban development plans.

Renovating Post-First-Energy-Regulation Housing: Achieving Nearly Zero-Energy buildings under typical and extreme warm conditions in a temperate European city

Decarbonising the built environment is essential for achieving the 2050 European objectives. Multi-family buildings comprise nearly half of Europe’s building stock, yet there is no regulation mandating all housing renovations to be Nearly Zero-Energy Buildings (NZEBs). This paper highlights the role of NZEB renovation for residential buildings constructed between the first energy regulations, after the first oil crisis, and the EPBD 2002 implementation (post-first-energy-regulation housing), as a pivotal factor towards energy transition. In Spain, this period (1980–2006) encompasses approximately 45% of existing dwellings. A case study was conducted in a city with a Cfb temperate climate, focusing on the most representative residential typology of the target period: the linear block. The study evaluates its current state and defines potential measures to meet NZEB requirements, achieving zero consumption when renovation of thermal envelope is combined with heat recovery systems, heat pumps, and PV panels.This research is based on energy simulations for two climate scenarios: the typical meteorological year (TMY, official series 1970–2000) and the most extreme warm year (EWY, 2022) in Spain. Results indicate active cooling systems are necessary for NZEB renovations in Spanish Cfb climates. Furthermore, low-temperature radiators significantly reduce heating consumption, while splits are the most suitable cooling systems. This study shows Spain is not adequately preparing its housing stock to face climate change, as most typical renovation works are based on official weather files that need updating to reflect harsher summer conditions. Finally, the study aims to encourage new policies and enhance existing regulations to address rising temperatures and heatwaves.

Palm Oil Crisis in India's FMCG Sector – A Sustainability Dilemma

The FMCG companies in India and world over relies heavily on Palm oil as one of the core ingredients is going through difficult times. Oil Palm plantations have resulted in phenomenal ecological damage and biodiversity in southeast Asian countries which played a significant role in socio-economic development of the local community earlier. The supply chain disruptions along with pressing environmental or social concerns have negatively affected the balance sheets of Indian FMCG companies who was already under the strain of foreign currency fluctuations due to high import dependency. The government has initiated multiple programs under National Mission on Edible Oil to develop prospective solutions to resolve the crisis through sustainable palm oil agricultural practices as supporting environmental norms yet profitable outlook for self-consumption, leveraging government subsidies, inputs and technology through research and knowledge transfer. The study suggests the best competitive strategic measures which can be adopted.

The Making of Arab Stereotypes: Racist Portrayals in Political Cartoons during the 1970s Oil Crisis

The 1973 oil crisis, a period marked by tensions following the Yom Kippur War and the subsequent Arab oil embargo, was a pivotal, global event with far-reaching economic and political consequences. Political cartoons played a significant role in influencing public opinion and shaping Western perspectives about Arabs and the Muslim world during this time. Many of these depictions resorted to negative stereotyping and vilifying Arabs. This research examines these portrayals by analyzing sixty-eight political cartoons from twenty-nine Western newspapers and magazines. These depictions, conceptualized here, characterized Arabs as violent, arrogant, rich, and indifferent to humanity, contributing to the propagation of long-standing stereotypes. The cartoons also depicted oil as a weapon wielded by Arabs, reinforcing biased perspectives that contrast starkly with the complex reality of Arab societies. This study highlights the influential role of media in shaping public perspectives and underscoring the need for balanced, nuanced portrayals in media representations.

GERICS supporting climate-resilient wind energy sites

GERICS supporting climate-resilient wind energy sites Dr. Irem Isik Cetin and Dr Elke Keup-Thiel offer expert insights on how GERICS supports the climate-resilient development of wind energy sites. Since the oil crisis in 1973, the use of modern wind turbines has clearly grown. By 2023, the installed capacity of wind energy globally surpassed 1 terawatt (TW). (1) With low costs and high emission reduction potential (2), wind energy has emerged as one of the most promising options for moving towards a low-carbon energy transition. For this reason, after COP28, more than 200 countries aimed to triple renewable energy capacity.

Effects of charge motion on knock and thermal efficiency under high load condition of a heavy-duty natural gas engine

Nowadays, the carbon-neutral trend and the crude oil crisis have brought natural gas into increasing focus. However, heavy-duty engines fueled by natural gas have been plagued by thermal efficiency and knocking limitation problems. Well-structured charge motions can enhance thermal efficiency and concurrently mitigate knock, however, there is a lack of comprehensive work involving charge motions. In this paper, numerical simulation is employed to investigate the impact of charge motion on knock and thermal efficiency under high load conditions for a heavy-duty spark-ignition natural gas engine. The findings indicate that in the configuration with intense swirl, the diminished turbulent kinetic energy (TKE) at the combustion chamber’s base lessens the convective heat exchange between the fresh charge and the heated exhaust gases, resulting in a noticeable high-temperature zone and triggering hot spots. In configurations with inclined swirl and strong tumble motion, the extensive tumble motion near the spark plug region close to top dead center leads to an asymmetric flame front shape, determining the location of hotspots. The research also revealed that excessive tumbling motion and TKE can increase the likelihood of engine knock, while appropriate cylinder charge motion can improve the knock resistance of the engine to some extent, the maximum reduction in knocking intensity can reach 92.5%. The optimized combustion systems can significantly improve the initial combustion rate, shorten the ignition delay period, and advance the combustion center. With the combined effects of ignition timing and charge motion, the total indicated specific power per unit of fuel mass is increased in the optimized systems. Compared to the original combustion system, the indicated thermal efficiency within the knocking boundary can be improved by 1.11%.

Reduction of Emission and Fuel Consumptions based on Mingled Nano Additives in Biodiesel

Using the lipids identified as well as extra residual cooking oil, vegetable, and animal fats, bio-diesel a substitute for fuels derived from petroleum can be produced. Since the 1970s oil crisis, there has been a resurgence of interest in using biodiesel as a fossil fuel substitute due to the fuel's rapidly rising prices, availability uncertainties, and growing environmental and greenhouse gas (GHG) concerns.To produce biodiesel, glycerin and fat or vegetable oil are separated chemically through a process termed transesterification. Glycerin, a valuable byproduct that is typically sold to be used in soaps and other products, and methyl esters, the chemical term for biodiesel, are the two products left over from the process. The industrial term for diesel derived from petroleum, petro diesel, and biodiesel have similar viscosities. Due to the nearly zero sulfur content,it is recommended to be used as an additive in diesel oil formulations to improve the lubricity of pure ultra-low sulfur diesel (ULSD).The current work focuses heavily on reducing emissions and fuel consumption in automobiles. In addition to lowering pollutants and fuel consumption, the transition metal oxide (Copper oxide) additions in nanocrystalline particle form aid in molecular combustion. To create a stable Nano fluid, soap nut biodiesel is combined with metal oxide additive and ultrasonicated. For our experimental investigation, single cylinder, air cooled, constant speed Kirloskar engine is used. The reduction of hydrocarbon (HC), carbon monoxide (CO) and nitrogen oxide (NOx) emissions is investigated. The highest break power of the biodiesel employed in the study is 3.82 KW, greater than the typical diesel's 3.23 KW. The result shows improved engine efficiency, reduced emissions, and better brake thermal efficiency.

Saudi Arabias New Development Path from the Perspective of Global Swing Country in the Context of Multi-polarization

After the end of the Cold War, the world pattern gradually changed from the bipolar pattern of the United States and the Soviet Union to multi-polarization. In this context, the United States, Russia, China, the European Union, the League of Arab States, and other poles have a greater influence on the change of the world situation, and the Russia-Ukraine war, the relations between the United States and China, the oil crisis, and other factors are constructing international relations. The American think tank defines some countries with an international voice but different preferences for cooperation as global swing countries and expands the original four countries (India, Indonesia, Brazil, Turkey) to six countries (adding Saudi Arabia and South Africa). These are also countries that the Western world, led by the United States, is trying to win over. This paper focuses on the development of Saudi Arabia after the implementation of the new policy in the context of multi-polarity and the reasons for the United States to regain the concept of global swing state. The main research method is literature analysis, and the data and reports obtained from the official website are combined on the basis of scholars research. It can be seen that the new policies represented by the 2030 vision introduced by Saudi Arabia since Salman came to power meet the development needs of Saudi Arabia and have achieved certain results. After a period of flat relations between the United States and Saudi Arabia, the United States has attached great importance to it. The reason is that national interests determine international relations.

The American factor influence on the British position during the Iranian oil crisis 1951-1953

The American factor influence on the British position during the Iranian oil crisis 1951-1953

The 50-year-old Oil Crisis and its Impact on the Global Economy: A Bibliometric Analysis

The world faced different crises, several times, in the last five decades. The COVID-19 pandemic, debt crisis and oil bubble were the most important crises among them. During the crisis, the main financial driving factor was the oil price which transmitted an alarming hit to other economic nexus factors. The objective of this paper was to find out the crisis period, caused by crude oil and its eventuality in different markets’ historical plots. Scopus data represent 605 studies, using the bibliometrix R tool, about crude oil and related crises. Within the context of the contemporary scientific literature, the most significant authors, publications, and research institutions were included in this paper. In the context of the most recent scientific literature, the most significant authors, publications, and research institutions were identified and the relevance of their contributions was established. This research employed disaggregated sectoral analysis and mechanistic analysis on grounded theory, which included moderation analysis. Finally, this bibliometric analysis tried to locate roadblocks in the current literature as well as indicate new directions for investigation.

Oil crisis vs pandemic: a broader outlook of time-frequency volatility transmission between Islamic and conventional stock markets

Oil crisis vs pandemic: a broader outlook of time-frequency volatility transmission between Islamic and conventional stock markets

Tác động của cấu trúc vốn đến suất sinh lời trên tổng tài sản của các doanh nghiệp ngành dầu khí

The study analyzes the impact of capital structure on the Return on Assets (ROA) of oil and gas industry enterprises during the period from 2014 to 2022. Based on data from 44 oil and gas enterprises in Vietnam with 396 observations, the research employs the Pooled Ordinary Least Squares (OLS), Fixed Effects Model (FEM), Random Effects Model (REM), and Generalized Least Squares (GLS) models. Specifically, the revenue growth rate (SGROWTH) has a positive impact on ROA, while the short-term debt ratio (STD) and the period of oil and gas industry crisis (T) have a negative impact on the Return on Assets of oil and gas industry enterprises in Vietnam. This study provides information on the impact of capital structure on oil and gas industry enterprises in Vietnam during the crisis period, aiming to assist business managers in identifying potential risks during the crisis period and proposing appropriate and timely measures.

How do households cope during aggregate shocks? Evidence from the 2009–2015 oil crisis in Nigeria

The effect of global oil price fluctuations on households' costs of living in Nigeria is examined. We extend the Aggregate Demand/Supply (AD/AS) model by incorporating aggregate shock and idiosyncratic risk with cross-sectional heterogeneity in households' distributions and consumption substitution dynamics. Results from our model show that while positive oil prices reflect higher output, whether growth results from inflation or income-level growth remains unclear ―demand-side inflation will raise price levels, amplify budget constraints and ultimately lower welfare. For the empirical analysis, we use oil prices between 2009 and 2015 and micro-level data from the Nigerian General Household Survey (GHS) collected between 2010 and 2016 in Nigeria. In support, we show that increasing oil prices leads to greater consumption. However, the effect varies heterogeneously ―reflecting households' location and consumption substitution dynamics, adjustments in household size, and labor supply are some coping responses to oil price changes.

The 1973 Oil Crisis: a Look after half a Century

The article examines the prerequisites and consequences of the global oil crisis of 1973. It analyzes not only the political reasons that prompted the Arab oil exporting countries to use the “oil weapon” (the unresolved Middle East conflict and the Palestinian problem), but also the crisis phenomena in the Western economy. Not only Arab countries, but also powerful oil companies, backed by Western countries, especially the United States, were interested in change. For the West, the oil crisis caused difficulties and problems in the short term, but in the long term it turned out to be a catalyst that accelerated structural and technological changes in the Western economy and in the global financial system. The oil crisis allowed the oil-producing countries of the Arab East to sharply increase the level of state income, which opened up opportunities for accelerated socio-economic development, and also increased the authority of these countries and OPEC in international relations.

A Comprehensive Study of Method Optimisation of Re‐Refining Spent Lubricating Oil

ABSTRACTUsed lubricating oil is generated by various machinery after extended operation. It is also referred to as spent mobile oil. Extremely hazardous waste lubricating oil is detrimental to the environment because it produces oxidative products when additives break down. Used lubricating oil is classified as a hazardous waste substance and has a negative impact on the environment. Polychlorinated biphenyls (PCBs), carcinogenic substances and other impurities make lubricating oil poisonous and pose a serious threat to human health and the environment. Re‐refining is considered the preferred technology for resource conservation, waste minimisation and reduced environmental hazards. The present study focuses on optimising the method of re‐refining waste lubricating oil. The effects of various operating parameters such as refining time, refining temperature, solvent‐to‐used oil ratio and flocculant dosage have been extensively studied to maximise the percentage recovery of lubricating oil. Optimum process parameters are (i) a refining time of 80 min, (ii) a refining temperature of 48°C, (iii) solvent‐to‐waste oil ratio of 5:1 (w/w) and (iv) a flocculant dosage of 2 g/kg of solvent; the optimum yield was found to be 75% with the solvent extraction method and 78% with the extraction–flocculation method, respectively. The purity and physico‐chemical properties of the recovered oil were thoroughly analysed using Fourier transform infrared spectroscopy and ASTM standard methods. It was concluded that refined oil can effectively reduce the ongoing oil crisis and create a clean, healthy environment.

A Contemporary Marxist Critique of Neoliberal Capitalism: Beyond Revolution and Neo-Keynesianism

ABSTRACT The aim of the study is to assess current trends, regularities and contradictions in the Marxist critique of neoliberal capitalism. The methodology of the study is built on a comparative analysis of the latest scientific works, an approach based on quantitative analysis of the global neoliberal development in the period 1980–2020. For the analysis this authors used the data of the World Bank and the International Monetary Fund(IMF) on the group of ‘Big Seven’ countries – Canada, France, Germany, Italy, Japan, United Kingdom, the United States and China. A comparative analysis shows a significant lag in the countries with a neoliberal model of global economic growth. It can be argued that the neoliberal model of economic development proved effective at the initial stage of its practical application in overcoming the inflationary shock caused by the oil crisis of the 1970s, as well as in the conditions of highly competitive industrial production. At the same time, in the context of the post-industrial formation of the digital economy, neoliberal ideology no longer meets the challenges of the times and is no longer able to support sustainable economic growth as well as prosperity.

“Life Is Losing its Meaning”: The Experiences of Fishing Communities During the Oil Disaster and COVID-19 Pandemic in Pernambuco, Brazil

The goal of this article is to examine how the confluence of the oil disaster and the new coronavirus pandemic had a negative impact on the work and livelihood of artisanal fishing communities in Pernambuco within a short span of time. Eighty people were interviewed (60 of them fishers) along the entire coastline of Pernambuco from October 2019 to February 2020, and through remote surveys from March to April 2020. The category “work culture” and its idea of experience as defined by E.P Thompson forms the basis of our analysis. Our results show that these two tragedies (the oil crisis – felt most strongly from October 2019 to January 2020 – and the ongoing coronavirus pandemic that began in March 2020) presented formidable challenges towards the reproduction of the work culture that is produced by artisanal fishers in Pernambuco. This is seen in the experiences that were lived and told by the same Brazilians who currently reside in these fishing communities.

Cement production and CO2 emission cycles in the USA: evidence from MS-ARDL and MS-VARDL causality methods with century-long data

The cement industry is among the top three polluters among all industries and the examination of the nonlinear and cointegration dynamics between cement production and CO2 emissions has not been explored. Focusing on this research gap, the study employs a novel Markov-switching autoregressive distributed lag (MS-ARDL) model and its generalization to vector error correction, the MS-VARDL model, for regime-dependent causality testing. The new method allows the determination of nonlinear long-run and short-run relations, regime duration, and cement-induced-CO2 emission cycles in the USA for a historically long dataset covering 1900–2021. Empirical findings point to nonlinearity in all series and nonlinear cointegration between cement production and cement-induced CO2 emissions. The phases of regimes coincide closely with NBER’s official economic cycles for the USA. The second regime, characterized by expansions, lasts twice as long relative to the first, the contractionary regime, which contains severe economic recessions, as well as economic crises, the 1929 Great Depression, the 1973 Oil Crisis, the 2009 Great Recession, and the COVID-19 Shutdown and Wars, including WWI and II. In both regimes, the adverse effects of cement production on CO2 emissions cannot be rejected with varying degrees both in the long and the short run. Markov regime-switching vector autoregressive distributed lag (MS-VARDL) causality tests confirm unidirectional causality from cement production to CO2 emissions in both regimes. The traditional Granger causality test produces an over-acceptance of causality in a discussed set of cases. Industry-level policy recommendations include investments to help with the shift to green kiln technologies and energy efficiency. National-level policies on renewable energy and carbon capture are also vital considering the energy consumption of cement production.Graphical