It takes the average reader 3 hours and 34 minutes to read Globalization and the World Oil Industry by Paul Chastko
Assuming a reading speed of 250 words per minute. Learn more
Globalization and the World Oil Industryexplains the dramatic transformation to the world petroleum industry in the 20thcentury from its modest beginnings as a source of illumination to its status today as the driving force behind the world economy. The book places the development of the industry in historical perspective, examining the people, ideas, inventions, and institutions – especially the rise of the multinational oil company (MNOC) – that helped shape this multibillion dollar industry. Given the MNOCs access to greater sources of investment capital, domination of transportation networks and refining facilities, the "Seven Sisters" established an industry with global reach and influence. Subsidiaries, established by larger MNOCs, facilitated the transfer of technologies and skills and carefully managed the resource. But MNOCs saw their power and influence wane with the rise of OPEC and beginning in the 1970s, the global oil industry began a dramatic transformation that reshaped industry and presents new challenges in the 21stcentury. With the proliferation of state-owned oil companies and the evolution of MNOCs wrought by globalization, some analysts question the ability of the modern oil industry to provide enough energy to sustain global economic prosperity given increasing demand from the developing world, environmental concerns, shortages of skilled and educated works, and heightened competition for investment dollars.
Globalization and the World Oil Industry by Paul Chastko is 208 pages long, and a total of 53,664 words.
This makes it 70% the length of the average book. It also has 66% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 4 hours and 53 minutes to read Globalization and the World Oil Industry aloud.
Globalization and the World Oil Industry is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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