Oil Panic and the Global Crisis: Predictions and Myths

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9781405195485: Oil Panic and the Global Crisis: Predictions and Myths
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Is the world running out of oil? This book analyzes predictions ofglobal oil depletion in the context of science, history, andeconomics.

There has been continuing alarm about the imminent exhaustion ofearth's non-renewable resources. Yet, the world has never run outof any significant, globally traded, non-renewable resource. Is theworld finally facing a non-renewable resource depletioncatastrophe, or is the current concern just another one of asuccession of panics? In this book, key assumptions and underlyingarguments in the global oil-depletion debate are first summarizedand then challenged. Facts about oil supply, production, andconsumption are made accessible using concise and simplegraphics.

Concepts of resource depletion, end-use needs, technologyleap-frogging, efficiency, and substitution are used to evaluatehistorical patterns of exploitation of non-renewable resources andto explore what history suggests about our future dependence onoil.

This book is aimed at a broad range of readers,fromundergraduate students studying resource science and economics toanyone interested in understanding the context of the controversyover global oil depletion.

"It is a book serious students of the world oil market shouldread, not because Gorelick has all the answers but because hisaccount is well reasoned, well informed, and argued honestly, withrespect for responsible opposing viewpoints."
Book Review, Science, May 2010

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About the Author:

Steven M. Gorelick holds the Cyrus Fisher Tolman Professorship in the School of Earth Sciences at Stanford University, where he has been on the faculty for over 20 years. In 2005, he was named a Guggenheim Fellow for his study of global oil depletion. Professor Gorelick is a Fellow of both the American Geophysical Union and Geological Society of America, and he has been selected twice as a Fulbright Senior Scholar (1997 and 2008) for studies of water resources issues in Australia.

Review:

"The book is a refreshing and methodical expose´ of themost common myths about oil that many of us hold as truths.Gorelick weaves an intriguing story from what might have been adreadfully boring, yet impressive collection of data andobservations. It was a pleasure to read and learn from this book,which I highly recommend to experts and  non-experts alike,particularly our leaders in government."

Kenneth E. Peters, Geofluids, 2010

"It is a book serious students of the world oil market shouldread, not because Gorelick has all the answers but because hisaccount is well reasoned, well informed, and argued honestly, withrespect for responsible opposing viewpoints."

David Lloyd Greene, Science, May 2010

"This is a wonderful book, not only full of information, butwith the clear stamp of the patient teacher who above all wants hisreader to understand.  I hope it makes its way into the hallsof Congress."

Garrison Sposito, Professor, Betty and Isaac Barshad Chair,Environmental Science, UC Berkeley

"Are we running out of oil or do we have plenty of thisresource? Will
the oil age end before we run out of oil? Have we reached themaximum
daily production rate of oil or are we already on the downslide?
Professor Gorelick has compiled the necessary data and provided hisown
incisive analysis to assist the reader in understanding thecomplex
issues related to the supply and demand hydrocarbons. A must readfor an understanding of both the domestic and global energypicture."
Professor Khalid Aziz, Department of Energy ResourcesEngineering at Stanford

"The dynamics around oil have shaped our lives for many decades andwill do so for many decades to come. Surprisingly, manymisconceptions exist around the extent and availability of thisfundamental resource. This
book is a lucid compilation of facts which is a must-read foranyone
interested in energy and the environment."
Ashok Belani, Chief Technology Officer of SchlumbergerLimited

 ”It is a pleasure to read an informed, balanced, andlively account of the prospect of meeting the world's need for oilin coming years. A combination of sound economics, attention tohistory's lessons, and political leadership offer the way forward.Read this book and decide what you should do."
John Deutch, Institute Professor, Massachusetts Institute ofTechnology, former Director of Central Intelligence.

“A very readable statistical history of global oildepletion that frames and illuminates the century-old debate about“peak oil” or the “end of oil.” A suitabletext for introductory resource economics or for the generalreader with a love for facts and detail.”
Sylvio J Faim, Los Alamos National Laboratory

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Book Description John Wiley and Sons Ltd, United Kingdom, 2010. Hardback. Condition: New. 1. Auflage. Language: English. Brand new Book. Is the world running out of oil? This book analyzes predictions of global oil depletion in the context of science, history, and economics. There has been continuing alarm about the imminent exhaustion of earth's non-renewable resources. Yet, the world has never run out of any significant, globally traded, non-renewable resource. Is the world finally facing a non-renewable resource depletion catastrophe, or is the current concern just another one of a succession of panics? In this book, key assumptions and underlying arguments in the global oil-depletion debate are first summarized and then challenged. Facts about oil supply, production, and consumption are made accessible using concise and simple graphics. Concepts of resource depletion, end-use needs, technology leap-frogging, efficiency, and substitution are used to evaluate historical patterns of exploitation of non-renewable resources and to explore what history suggests about our future dependence on oil. This book is aimed at a broad range of readers,from undergraduate students studying resource science and economics to anyone interested in understanding the context of the controversy over global oil depletion."It is a book serious students of the world oil market should read, not because Gorelick has all the answers but because his account is well reasoned, well informed, and argued honestly, with respect for responsible opposing viewpoints." Book Review, Science, May 2010. Seller Inventory # AAH9781405195485

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Book Description John Wiley and Sons Ltd, United Kingdom, 2010. Hardback. Condition: New. 1. Auflage. Language: English . Brand New Book. Is the world running out of oil? This book analyzes predictions of global oil depletion in the context of science, history, and economics. There has been continuing alarm about the imminent exhaustion of earth s non-renewable resources. Yet, the world has never run out of any significant, globally traded, non-renewable resource. Is the world finally facing a non-renewable resource depletion catastrophe, or is the current concern just another one of a succession of panics? In this book, key assumptions and underlying arguments in the global oil-depletion debate are first summarized and then challenged. Facts about oil supply, production, and consumption are made accessible using concise and simple graphics. Concepts of resource depletion, end-use needs, technology leap-frogging, efficiency, and substitution are used to evaluate historical patterns of exploitation of non-renewable resources and to explore what history suggests about our future dependence on oil. This book is aimed at a broad range of readers,from undergraduate students studying resource science and economics to anyone interested in understanding the context of the controversy over global oil depletion. It is a book serious students of the world oil market should read, not because Gorelick has all the answers but because his account is well reasoned, well informed, and argued honestly, with respect for responsible opposing viewpoints. Book Review, Science, May 2010. Seller Inventory # AAH9781405195485

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