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It’s a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people – including politicians, financial analysts and pundits – will respond with a tired litany of reasons ranging from increased Chinese and Indian competition for diminishing resources and tensions in the Middle East, to manipulation by OPEC and exorbitant petrol taxes in the EU. Yet the facts belie these explanations. For instance, what really happened in late 2008 when, in just a few weeks, oil prices plummeted from $144 dollars to $37 dollars a barrel? Did Chinese and Indian demand suddenly dry up? Did Middle East conflicts magically resolve themselves? Did OPEC flood the market with crude? In each case the answer is a definitive no – quite the opposite in fact. Industry expert Salvatore Carollo explains that the truth behind today’s increasingly volatile oil market is that over the past two decades oil prices have come untethered from all classical notions of supply and demand and have transcended any country’s, consortium’s, cartel’s, or corporate entity’s powers to control them. At play is a subtler, more complex game than most analysts realise (or are unwilling to admit to), a very dangerous game involving runaway financial speculation, self-defeating government policymaking and a concerted disinvestment in refinery capacity among the oil majors. In Understanding Oil Prices Carollo identifies the key players in this dangerous game, exploring their competing interests and motivations, their moves and countermoves. Beginning with the1976 oil embargo and moving through the 1986 Chernobyl incident, the implementation of the US Clean Air Act Amendments of 1990, and the precipitous expansion of the oil futures market since the turn of the century, he traces the vast structural changes which have occurred within the oil industry over the past four decades, identifying their economic, social and geopolitical drivers, and analysing their fallout in the global economy. He explores the oil industry’s decision to scale down refining capacity in the face of increasing demand and the effects of global shortages of petrol, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants and other essential finished products, and describes how, beginning in the year 2000, the oil futures market detached itself almost completely from the crude market, leading to the assetization of oil, and the crippling impact reckless speculation in oil futures has had on the global economy. Finally he proposes new, more sophisticated models that economists and financial analysts can use to make sense of today’s oil market, while offering industry leaders and government policymakers prescriptions for stabilising the market to ensure a relatively steady flow of affordable oil. A concise, authoritative guide to understanding the complex, oft misunderstood oil markets, Understanding Oil Prices is an important resource for energy market participants, commodity traders and investors, as well as business journalists and government policymakers alike.

Have you ever wondered why some tasks come naturally to you, while others leave you feeling frustrated and bored? Paul Burgess believes it's because we all have a unique combination of Instinctive Drives that act as an internal compass, guiding our thoughts and actions. Natural Born Success will help you to discover your innate operating system – your I.D. – so that you can get 'in stride' in your life. Knowing your I.D. will enable you to harness your inborn skills and reach new heights in your career, relationships, finances and family. Validated by scientific research, the I.D. System is the only psychometric profiling tool that delves beneath people's behaviour and personality to explore their Instinctive Drives. Realise your full potential and life purpose by tapping into the natural motivations and talents that define the real you.

An advanced introduction to the simulation and hardware implementation of BLDC motor drives A thorough reference on the simulation and hardware implementation of BLDC motor drives, this book covers recent advances in the control of BLDC motor drives, including intelligent control, sensorless control, torque ripple reduction and hardware implementation. With the guidance of the expert author team, readers will understand the principle, modelling, design and control of BLDC motor drives. The advanced control methods and new achievements of BLDC motor drives, of interest to more advanced readers, are also presented. Focuses on the control of PM brushless DC motors, giving readers the foundations to the topic that they can build on through more advanced reading Systematically guides readers through the subject, introducing basic operational principles before moving on to advanced control algorithms and implementations Covers special issues, such as sensorless control, intelligent control, torque ripple reduction and hardware implementation, which also have applications to other types of motors Includes presentation files with lecture notes and Matlab 7 coding on a companion website for the book

Understanding how gears are formed and how they interact or ‘mesh’ with each other is essential when designing equipment that uses gears or gear trains. The way in which gear teeth are formed and how they mesh is determined by their geometry and kinematics, which is the topic of this book. Gears and Gear Drives provides the reader with comprehensive coverage of gears and gear drives. Spur, helical, bevel, worm and planetary gears are all covered, with consideration given to their classification, geometry, kinematics, accuracy control, load capacity and manufacturing. Cylindrical gear geometry is the basis for dealing with any gear drives, so this is covered in detail. Key features: Contains hundreds of 2D and 3D figures to illustrate all types of gears and gear drives, including planetary and worm gears Includes fundamental derivations and explanations of formulae Enables the reader to know how to carry out accuracy control and load capacity checks for any gear drive Includes directions for the practical design of gears and gear drives Covers DIN and ISO standards in the area Gears and Gear Drives is a comprehensive reference for gears and gear drive professionals and graduate students in mechanical engineering departments and covers everything important to know how to design, control and manufacture gear drives.

Induction motors are the most important workhorses in industry. They are mostly used as constant-speed drives when fed from a voltage source of fixed frequency. Advent of advanced power electronic converters and powerful digital signal processors, however, has made possible the development of high performance, adjustable speed AC motor drives. This book aims to explore new areas of induction motor control based on artificial intelligence (AI) techniques in order to make the controller less sensitive to parameter changes. Selected AI techniques are applied for different induction motor control strategies. The book presents a practical computer simulation model of the induction motor that could be used for studying various induction motor drive operations. The control strategies explored include expert-system-based acceleration control, hybrid-fuzzy/PI two-stage control, neural-network-based direct self control, and genetic algorithm based extended Kalman filter for rotor speed estimation. There are also chapters on neural-network-based parameter estimation, genetic-algorithm-based optimized random PWM strategy, and experimental investigations. A chapter is provided as a primer for readers to get started with simulation studies on various AI techniques. Presents major artificial intelligence techniques to induction motor drives Uses a practical simulation approach to get interested readers started on drive development Authored by experienced scientists with over 20 years of experience in the field Provides numerous examples and the latest research results Simulation programs available from the book's Companion Website This book will be invaluable to graduate students and research engineers who specialize in electric motor drives, electric vehicles, and electric ship propulsion. Graduate students in intelligent control, applied electric motion, and energy, as well as engineers in industrial electronics, automation, and electrical transportation, will also find this book helpful. Simulation materials available for download at www.wiley.com/go/chanmotor