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The technical, political, and economic challenges of global energy industries and markets are fascinating!

My work has given me the privilege and joy of traveling all over the globe while observing, applying economic reasoning, and teaching about these industries. This book has evolved out of these experiences and my desire to share the fascination of these industries with my readers.

It has benefited immeasurably from the many gifted students, coauthors, and colleagues who have provided me with intellectual challenge through their questions, suggestions, answers, and comments on my thoughts and work over the years. I have learned much from them and for this I am grateful. Although too numerous to mention fully, I particularly want to thank the following professional colleagues, students, and assistants.


Professor Emeritus Morris Adelman, Massachusetts Institute of Technology Professor Richard Baillie, Michigan State University Professor Roy Boyd, University of Ohio, Athens Professor Jean Thomas Bernard, Lavalle University Linda Casey, Map LLC Professor Janie Chermak, University of New Mexico Professor Graham Davis, Colorado School of Mines Dr. Dorothea El Mallakh, International Center for Energy and Economic Development Dr. Eystein Gjelsvik, The Norwegian Confederation of Trade Unions Professor Einar Hope, Norwegian School of Economics and Business Administration Professor Emeritus Richard Gordon, Penn State University Professor Lennart Hjalmarsson, Gothenberg University Marianne Kah, ConocoPhillips Professor G. S. Laumas, Illinois State University, Carbondale Lanie Littlejohn, Littlejohn and Associates Professor Robert Mabro, Oxford Institute for Energy Studies Professor Emeritus Alan Manne, Stanford University Professor Dennis O’Brien, University of Oklahoma Professor Robert Patrick, Rutgers University James Ragland, ARAMCO Services Professor Douglas Reynolds, University of Alaska Professor Luis Sosa, Colorado School of Mines Professor Helen Tauchen, University of North Carolina Professor John Tilton, Colorado School of Mines Professor Geoffrey Turnbull, Georgia State University Professor Thomas Sterner, University of Gothenberg Dr. Campbell Watkins, University of Aberdeen Professor Myrna Wooders, Warwick University Dr. Mine Yücel, Federal Reserve Bank of Dallas

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