Oil Panic and the Global Crisis: Predictions and Myths

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