Growing firms in declining fields: Unanticipated impacts of oil development

Harvey Molotch, John Woolley, Teri Jori

Research output: Contribution to journalArticle

Abstract

In a study of off-shore oil development in the Santa Barbara Channel, we found that many local oil-related firms adapted to declines in the oil industry by diversifying into other realms, thus forestalling their expected demise. We provide case instances of how such adaptation occurs. Firms' success at self-transformation alters the type of environmental impacts caused by the oil industry's coming to the region. This mitigates the boom-bust cycle often associated with extractive industries but sets in motion other long-term consequences. Environmental assessments of industrial projects are incomplete unless they consider how firms, once in place, themselves evolve.

Original languageEnglish (US)
Pages (from-to)137-156
Number of pages20
JournalSociety and Natural Resources
Volume11
Issue number2
StatePublished - Mar 1998

Fingerprint

oil industry
firm
industry
oil
environmental assessment
environmental impact
extractive industry
project

Keywords

  • Adaptation
  • Corporations
  • Development
  • EIR
  • Extraction
  • Impacts
  • Oil
  • Socioeconomics

ASJC Scopus subject areas

  • Development
  • Environmental Science (miscellaneous)
  • Sociology and Political Science

Cite this

Growing firms in declining fields : Unanticipated impacts of oil development. / Molotch, Harvey; Woolley, John; Jori, Teri.

In: Society and Natural Resources, Vol. 11, No. 2, 03.1998, p. 137-156.

Research output: Contribution to journalArticle

Molotch, H, Woolley, J & Jori, T 1998, 'Growing firms in declining fields: Unanticipated impacts of oil development', Society and Natural Resources, vol. 11, no. 2, pp. 137-156.
Molotch, Harvey ; Woolley, John ; Jori, Teri. / Growing firms in declining fields : Unanticipated impacts of oil development. In: Society and Natural Resources. 1998 ; Vol. 11, No. 2. pp. 137-156.
@article{881e0bd95bf2496a840b26008e4704c5,
title = "Growing firms in declining fields: Unanticipated impacts of oil development",
abstract = "In a study of off-shore oil development in the Santa Barbara Channel, we found that many local oil-related firms adapted to declines in the oil industry by diversifying into other realms, thus forestalling their expected demise. We provide case instances of how such adaptation occurs. Firms' success at self-transformation alters the type of environmental impacts caused by the oil industry's coming to the region. This mitigates the boom-bust cycle often associated with extractive industries but sets in motion other long-term consequences. Environmental assessments of industrial projects are incomplete unless they consider how firms, once in place, themselves evolve.",
keywords = "Adaptation, Corporations, Development, EIR, Extraction, Impacts, Oil, Socioeconomics",
author = "Harvey Molotch and John Woolley and Teri Jori",
year = "1998",
month = "3",
language = "English (US)",
volume = "11",
pages = "137--156",
journal = "Society and Natural Resources",
issn = "0894-1920",
publisher = "Taylor and Francis Ltd.",
number = "2",

}

TY - JOUR

T1 - Growing firms in declining fields

T2 - Unanticipated impacts of oil development

AU - Molotch, Harvey

AU - Woolley, John

AU - Jori, Teri

PY - 1998/3

Y1 - 1998/3

N2 - In a study of off-shore oil development in the Santa Barbara Channel, we found that many local oil-related firms adapted to declines in the oil industry by diversifying into other realms, thus forestalling their expected demise. We provide case instances of how such adaptation occurs. Firms' success at self-transformation alters the type of environmental impacts caused by the oil industry's coming to the region. This mitigates the boom-bust cycle often associated with extractive industries but sets in motion other long-term consequences. Environmental assessments of industrial projects are incomplete unless they consider how firms, once in place, themselves evolve.

AB - In a study of off-shore oil development in the Santa Barbara Channel, we found that many local oil-related firms adapted to declines in the oil industry by diversifying into other realms, thus forestalling their expected demise. We provide case instances of how such adaptation occurs. Firms' success at self-transformation alters the type of environmental impacts caused by the oil industry's coming to the region. This mitigates the boom-bust cycle often associated with extractive industries but sets in motion other long-term consequences. Environmental assessments of industrial projects are incomplete unless they consider how firms, once in place, themselves evolve.

KW - Adaptation

KW - Corporations

KW - Development

KW - EIR

KW - Extraction

KW - Impacts

KW - Oil

KW - Socioeconomics

UR - http://www.scopus.com/inward/record.url?scp=0031748226&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0031748226&partnerID=8YFLogxK

M3 - Article

VL - 11

SP - 137

EP - 156

JO - Society and Natural Resources

JF - Society and Natural Resources

SN - 0894-1920

IS - 2

ER -