Evolution of Oil Trading
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Evolution of Oil Trading

The presentation will discuss the parallel developments in the commercial oil industry and related chartering models. It begins with the colonization of producer nations (mainly by the British and Dutch) to Independence movements in the Middle East, Africa, and South America. It then follows the corresponding change in oil trading from a strictly term-driven process to a spot market emerging in the early 1970’s to the commoditization of oil in the following decade and beyond.

Historical View of Buffalo Bayou
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Historical View of Buffalo Bayou

In a city that is visually dominated by automobiles and freeways, very few Houstonians realize that the reason for their city’s existence and prosperity is the waterway of Buffalo Bayou. Houston truly is “the town which built the port which built the city.” We live at a time when Houstonians are actively developing an appreciation of the bayou upon which their city was founded, an appreciation that can be greatly enhanced by looking at Buffalo Bayou in a historical context.