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Oil Panic and the Global Crisis: Predictions and Myths

ISBN: 978-1-4051-9548-5
Hardcover
256 pages
December 2009, Wiley-Blackwell
List Price: US $82.00
Government Price: US $47.32
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About the Book:

Oil Panic and the Global Crisis: Predictions and Myths

By: Steven M. Gorelick

Medium: Hardback

Release Date UK: 06/11/2009

Release Date US: 16/11/2009

Price: £32.50, EUR 39.00, $54.95

Wiley-Blackwell, 2009

ISBN: 978-1-4051-9548-5, 1-4051-9548-7

(This title is also available in digital format)

Key Chapters include:

  • The Historic Resource Depletion Debate
  • The Oil Panics of 1916 and 1918 and the Oil Crisis of the 1970s
  • Argument Supporting Global Oil Depletion
  • Counterarguments to Imminent Global Oil Depletion
  • Billions of Barrels and Trillions of Dollars: Oil Production Versus Consumption
  • Supply: How Much Is There?  The USGS Assessment
  • What Determines the Price of Gasoline at the Pump?  
  • Fallacies in the Peak Oil Argument
    • Myth I: Hubbert’s predicted production rates were accurate
    • Myth II:  A decline in production necessarily indicates scarcity
    • Myth III:  Resource assessments are useful
    • Myth IV:  The world cannot afford increases in oil use as developing nations
    • demand more oil
    • Myth V:  The earth has been explored and there is little oil to be found  
    • Myth VI:  There are no substitutes for oil
  •  On the horizon: Innovation in fuel efficiency