ECON 34531 - History, Economics and Geopolitics of Oil and Gas

Institution:

University of Notre Dame

Subject:

Economics

Description:

"This unit is an extensive examination of the growth and development of the oil and gas industry. It begins with a historical account of the first production of oil in the USA and the oil rushes that followed. The rise of the major American oil companies is described. The development of the industry outside the USA is then discussed, leading to oil and gas as a global industry and the rise of multinational oil companies. The role of the global struggle for oil in the wars of the twentieth century is documented as well as the formation and history of OPEC, and the historical development of petroleum engineering and technology. The economic impact and operation of the oil and gas industry is examined through a number of case studies, to be developed as assignments. They include, but are not limited to: the North Sea and its impact on the UK and Norwegian economies; the development of the Nigerian oil and gas fields; Southeast Asian fields and the impact of their development on countries in the region; the Northwest Shelf and its impact on the Australian economy; the issues and considerations of the operation of national, state-owned oil companies vis-a-vis private enterprise companies; the importance of the Middle East, and especially Saudi Arabia, for world supply. These studies also consider the accompanying political settings and policy decisions in each case."

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.nd.edu

Phone Number:

(574) 631-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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