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The Myth of the Oil Crisis Overcoming the Challenges of Depletion, Geopolitics, and Global Warming
Book Code: B36498
ISBN: 0-313-36498-2
ISBN-13: 978-0-313-36498-3
336 pages, figures; tables
Praeger Paperback
Publication: 8/30/2008
List Price: $24.95 (UK Sterling Price: £13.95)
Availability: In Stock
Media Type: Paperback
Also Available: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects: Related Web Pages: Reviews:
  • Starred Review Geologist, economist, and petroleum industry insider Mills makes an intelligent case for oil's continuing role as a major, growing energy source. A Herculean task, one would think, given public sentiment on the matter. Mills manages it by first neatly dividing opposing viewpoints into five camps: geologists (those who espouse peak oil theory), economists (the markets will work it out), militarists (use power to secure energy supplies), environmentalists (fossil fuels: no), and no-Luddites (fossil fuels, consumption, and materialism: no). He then conquers their positions with lively, exhaustive sourced arguements to say that there may be more conventional oil than reported, "colossal" unconventional sources, and plentiful energy substitutes. Mills shows deep understanding of the complexity of the issue, and while promising no easy fixes, he is yet hopeful: "gloomy predictions do not resemble the real world and take no account of human integrity."
    —Library Journal
    September 1, 2008
  • Endorsement From Duncan Clarke,
    Author of Empires Of Oil and The Battle For Barrels:
    Robin Mills's The Myth of the Oil Crisis is an intellectual nail in the coffin of the peak oil lobby's claims for the end of oil. There is no such drama, as this in-depth analysis demonstrates with empirical lucidity, wide-ranging discourse, and persuasive argument to demolish these modern mythologies and proclaimed wisdoms about our world oil future.
  • Endorsement From Dr Simon Vroemen,
    Vice President Strategy RWE-Dea:
    Robin Mills's book, The Myth of the Oil Crisis, is a very welcome and intellectual insight into the role of oil and gas in our future societies. It demonstrates with very clear and well-informed arguments why the theory of Peak Oil is invalid and based on an incomplete set of assumptions. Mills book is well balanced in its mix of industry insight, world politics, and humanitarian interest and anyone with a keen interest in world energy should read it!
  • Endorsement From William Zhao, CEO,
    Gaia Carbon Control Systems:
    Robin Millis's The Myth of the Oil Crisis is one of the most insightful books on debunking peak oil theory. With deep industry knowledge, persuasive arguments and some of the best quantitative analysis, his book demonstrates that Peak Oil Theory is a hot air balloon with more PR mileage than real insights. His comprehensive view of green energy includes 'green hydrocarbons'; acknowledging hydrocarbons will continue to play a key role in meeting increasing energy demand across the world. This is a must-read for anybody concerned with energy and environmental issues.
Description: With oil around $100 a barrel, drivers wince whenever they pull into the gas station and businesses watch their bottom lines shrink. "Watch out," say doomsayers, "it will only get worse as oil dries up." It's a plausible argument, especially considering the rate at which countries like China and India are now sucking up oil. Even more troubling, the world's largest oil fields sit in geopolitical hotspots like Iran and Iraq. Some believe their nations need to secure remaining supplies using military force, while others consider dwindling supplies a blessing that will help solve the problem of global warming. But wait--is it really the "end of oil"? Absolutely not, says geologist, economist, and industry-insider Robin Mills. According to Mills, many ideas about petroleum depletion and its consequences are not just grossly overstated but plain wrong. Calmly and persuasively, he argues: <OL> <OL> -The supply of oil and gas is much larger than imagined by the pessimists.
-Seeking political, military, or commercial control of oil supplies is unnecessary, self-defeating, and exorbitantly expensive.
-Oil is merely one convenient source of energy.
Opportunities exist to decrease the global consumption of oil radically while maintaining a healthy economy.
-The environmental impact of fossil fuels is the most serious problem the world faces today. But a portfolio of solutions can solve it.

There is no other book by an industry insider that effectively counters the "peak oil" theory by showing where and how oil will be found in the future. There also is no other book by an insider that lays out an environmentally and geopolitically responsible path for the petroleum industry and its customers. The Myth of the Oil Crisis, written in a lively style but with scientific rigor, is thus a uniquely useful resource for business leaders, policymakers, petroleum industry professionals, environmentalists, and anyone else who consumes oil. Best of all, it offers an abundance of one commodity now in short supply: hope for the future.
Table of Contents:
  • LIST OF FIGURES AND TABLES
  • List of Abbreviations/Glossary
  • 1. INTRODUCTION
  • 2. OPPOSING VIEWPOINTS
  • 3. BUST AND BOOM: HOW WE GOT TO WHERE WE ARE TODAY
  • 4. HALF FULL OR HALF EMPTY? CONVENTIONAL OIL SUPPLY RESERVES GROWTH
  • 5. DEAD DINOSAURS? THE MAJOR OIL NATIONS
  • 6. SCRAPING THE BARREL? UNCONVENTIONAL OIL SUPPLY
  • 7. GAS GIANTS
  • 8. A DANGEROUS NEIGHBOURHOOD? SUPPLY, INVESTMENT AND GEOPOLITICS
  • 9. KEEPING THE LIGHTS ON: ENERGY DEMAND
  • 10. GREEN OIL: SAVING THE ENVIRONMENT
  • 11. CONCLUSION
  • BIBLIOGRAPHY
  • Data Sources
LC Card Number: 2008009948
LCC Class: HD9560
Dewey Class: 333
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