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2018 | OriginalPaper | Buchkapitel

2. How We Got to Now: A Brief History of the Shale Energy Revolution

verfasst von : Andrew R. Thomas

Erschienen in: American Shale Energy and the Global Economy

Verlag: Springer International Publishing

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Abstract

  • The Carbon Age burst out of its adolescence during World War 1.
  • Supported by its domestic energy prowess and access to foreign oil, the United States rose to global dominance as the undisputed superpower during and after World II.
  • The American-created Bretton Woods System bolstered global capitalism, which has underpinned and maintained an unprecedented era of peace and prosperity around the world.
  • Global capitalism and its many benefits are intimately tied to a reliable and secure hydrocarbon supply.
  • Energy shocks starting in the 1970s raised real doubts about the future of American energy security, the sustainability of American Empire, and, the overall future of global capitalism.
  • Early Twenty-First Century innovative developments in energy extraction from shale rock—originating in the USA—coupled with unique characteristics of the American society have altered the global energy landscape.

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Fußnoten
1
Julian L. Simon The Ultimate Resource (Princeton University Press, 1981), p. 162.
 
2
Brian C. Black “How World War I Ushered in a Century of Oil”, The Conversation, April 3, 2017, http://​theconversation.​com/​how-world-war-i-ushered-in-the-century-of-oil-74585 accessed January 2, 2018.
 
3
Ibid.
 
4
Ronald W. Ferrier The History of the British Petroleum Company: Volume 1, The Developing Years, 1901-1932 (Cambridge University Press, 1982) p. 356.
 
5
John Weaver Frey, H. Chandler Ide, Eds. A history of the Petroleum Administration for War, 1941-1945 (U.S. G.P.O., 1946), p. 8.
 
6
Timothy C. Winegard The First World Oil War (University of Toronto Press, 2016), p. 242.
 
7
Vaclav Smil Energy Transitions: History, Requirements, Prospects (Praeger, 2010), p. vii.
 
8
Ibid., p. viii.
 
9
John James McLaurin Sketches in Crude Oil: Some Accidents and Incidents of the Petroleum Development in All Parts of the Globe (Publisher: Author, 1896), p. 5.
 
10
Reid Sayers McBeth Oil: The New Monarch of Motion (Markets Publishing Corp., 1919), p. 1.
 
11
Ferdinand Friedensburg Das Erdöl im Weltkrieg, Stuttgart 1939, p. 121.
 
12
Gliech, Oliver: “Petroleum: 1914–1918-online”. International Encyclopedia of the First World War, ed. by Ute Daniel, Peter Gatrell, Oliver Janz, Heather Jones, Jennifer Keene, Alan Kramer, and Bill Nasson, issued by Freie Universität Berlin, Berlin 2015-01-07. https://​encyclopedia.​1914-1918-online.​net/​article/​petroleum accessed January 3, 2018.
 
13
William Pelfrey Billy, Alfred and, General Motors: The Story of Two Unique Men, a Legendary Company, and a Remarkable Time in American History (AMACOM, 2006), p. 6.
 
14
Ibid.
 
15
Edmund Clingan Capitalism: A Modern Economic History (iUniverse, 2015), p. 313.
 
16
Robert McNally Crude Volatility: The History and the Future of Boom-Bust Oil Prices (Columbia University Press, 2017), p. 53.
 
17
Ed Conway The Summit Bretton Woods, 1944: J.M. Keynes and the Reshaping of the Global Economy (Pegasus Books, 2014), p. 39.
 
18
Nese F. DeBruyne “American War and Military Operations: Lists and Casualties” Congressional Research Service, April 26, 2017, p. 2. https://​fas.​org/​sgp/​crs/​natsec/​RL32492.​pdf. Accessed January 8, 2018.
 
19
Ibid.
 
20
U.S. Census Bureau, “History of the U.S. Population” https://​census.​gov/​topics/​population.​html. Accessed January 8, 2018.
 
21
Barry Eichengreen Exorbiant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System (Oxford University Press, 2011), p. 32.
 
22
Conway, The Summit Bretton Woods, 1944: J.M. Keynes and the Reshaping of the Global Economy, p. 40.
 
23
Ibid.
 
24
Eichengreen Exorbiant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System, p. 32.
 
25
Gerald D. Nash United States Oil Policy, 1890-1964: Business and Government in Twentieth Century America (University of Pittsburgh Press Digital, 1968), p. 49.
 
26
McNally Crude Volatility: The History and the Future of Boom-Bust Oil Prices, p. 56.
 
27
Norman Nordhauser “Origins of Federal Oil Regulations in the 1920’s” Business History Review 47:1 (1973) p. 19.
 
28
Nash United States Oil Policy, 1890-1964: Business and Government in Twentieth Century America, p. 73.
 
29
Sam Gindin and Leo Panitch The Making of Global Capitalism: The Political Economy Of American Empire (Verso Books, 2012), p. 1.
 
30
Rachel Bronstein Thicker Than Oil: America’s Uneasy Partnership with Saudi Arabia (Oxford University Press, 2006), p. 16.
 
31
Ibid.
 
32
Ibid., p. 17.
 
33
Ibid., p. 35.
 
34
Julia Cauble Smith, Handbook of Texas Online, “East Texas Oilfield,” Accessed January 15, 2018, http://​www.​tshaonline.​org/​handbook/​online/​articles/​doe01.
 
35
Daniel Yergin The Prize: The Epic Quest for Oil, Money, and Power (Free Press, 2008) p. 237.
 
36
Ibid.
 
37
Ibid.
 
38
Threse numbers were aggregated from Ian V Hogg The American Arsenal: The World War II Official Standard Ordnance Catalogue (Frontline Books, 2014).
 
39
McNally Crude Volatility: The History and the Future of Boom-Bust Oil Prices, p. 92.
 
40
Robert Edwin Herzstein Henry R. Luce, Time, and the American Crusade in Asia (Cambridge University Press, 2005) p. 1.
 
41
Ibid.
 
42
Henry Luce “The American Century” Life, February 17, 1941 http://​www.​informationclear​inghouse.​info/​article6139.​htm. Accessed January 22, 2018.
 
43
Andrew R. Thomas & Timothy J. Wilkinson The Customer Trap: How to Avoid the Biggest Mistake in Business (Apress; 2015) p. 56.
 
44
Ibid. p. 67.
 
45
In 1990, the United Nations created several targets under the name of Millienium Goals. Target 1.A was to “halve, between 1990 and 2015, the proportion of people whose income is less than $1.25 a day”. In 1990, nearly half of the population in the developing regions lived on less than $1.25 a day. This rate dropped to 14 per cent in 2015. Given the incredible progress made in this area, the UN has set 2030 as the year when all extreme povery can be eliminated. http://​www.​un.​org/​millenniumgoals/​poverty.​shtml, Accessed January 16, 2018.
 
46
Pew Research Center “Public Uncertain, Divided Over America’s Place in the World” May 5, 2016, http://​www.​people-press.​org/​2016/​05/​05/​public-uncertain-divided-over-americas-place-in-the-world/​. Accessed January 5, 2018.
 
47
Sam Gindin and Leo Panitch The Making of Global Capitalism: The Political Economy Of American Empire (Verso Books, 2012), p. 16.
 
48
Ibid., p. 14.
 
49
Edward Conard Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (Penguin, 2012) p. 14.
 
50
Robin Wylie “A Brief History of Natural Gas” Eni.com https://​www.​eniday.​com/​en/​education_​en/​history-natural-gas/​. Accessed January 17, 2018.
 
51
Merrill, Karen. The Oil Crisis of 1973-1974: A Brief History with Documents. Boston: Bedford/St. Martin’s, 2007, p. 17.
 
52
Yergin, Daniel. The Prize: the Epic Quest for Oil, Money, & Power. New York: Free Press, 2009, p. 616.
 
54
Yergin, p. 635.
 
55
FedPrimeRate.​com tracks the monthy price of West Texas Intermediate (WTI) crude from 2006 to the present. http://​www.​fedprimerate.​com/​crude-oil-price-history.​htm. Accessed December 13, 2017.
 
56
For a good history of the development of the smartphone see Elizabeth Woyke’s The Smartphone: Anatomy of an Industry. (New Press, 2014)
 
57
Mark Kurlansky Salt: A World History (Knopf Canada, 2011), p. 8.
 
58
Elias Howard Sellards Occurrence and Use of Artesian and Other Underground Water Issue 89 of Bulletin (University of Florida Agricultural Experiment Station, 1907), p. 107.
 
59
Pierre Hyacinthe Azaïs Explanation and History of the Artesian Well of Grenelle (University of Chicago, 1845), p. 9.
 
60
David A. Waples The Natural Gas Industry in Appalachia: A History from the First Discovery to the Tapping of the Marcellus Shale, 2nd ed. (McFarland, 2012), p. 124.
 
61
John James McLaurin Sketches in Crude Oil: Some Accidents and Incidents of the Petroleum Development in All Parts of the Globe (Publisher: Author, 1896), p. 334.
 
62
Darlene R. Stille Sedimentary Rocks: A Record of Earth’s History Exploring (Capstone, 2008) p. 4.
 
63
Ibid., p. 17.
 
65
American Oil & Gas Historical Society, “Shooters” – a fracking history”, https://​aoghs.​org/​technology/​hydraulic-fracturing/​. Accessed, January 6, 2018.
 
66
Ibid.
 
67
Russell Gold The Boom: How Fracking Ignited the American Energy Revolution and Changed the World (Simon and Schuster, 2015), p. 115–117.
 
68
Ohio Oil and Gas Assocition “Ohio Shale Plays” http://​www.​ooga.​org/​?​page=​OhioShalePlays. Accessed January 19, 2018.
 
69
David Blackmon “Horizontal Drilling: A Technological Marvel Ignored”, Forbes, January 28, 2013 https://​www.​forbes.​com/​sites/​davidblackmon/​2013/​01/​28/​horizontal-drilling-a-technological-marvel-ignored/​#1aec4e326f11. Accessed January 6, 2018.
 
70
Ibid.
 
Metadaten
Titel
How We Got to Now: A Brief History of the Shale Energy Revolution
verfasst von
Andrew R. Thomas
Copyright-Jahr
2018
DOI
https://doi.org/10.1007/978-3-319-89306-8_2