The Myth of the Oil Crisis: Overcoming the Challenges of Depletion, Geopolitics, and Global Warming

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Overview

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 ...

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Overview

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.

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.

Editorial Reviews

Library Journal

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 neo-Luddites (fossil fuels, consumption, and materialism: no). He then conquers their positions with lively, exhaustively sourced arguments 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 ingenuity." For more advanced readers.


—Robert Eagan

Product Details

  • ISBN-13: 9780313364983
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 8/30/2008
  • Edition description: New Edition
  • Pages: 336
  • Sales rank: 699,778
  • Product dimensions: 6.10 (w) x 9.20 (h) x 1.00 (d)

Meet the Author

ROBIN M. MILLS is an oil industry professional with a background in both geology and economics. Currently, he is Petroleum Economics Manager for the Emirates National Oil Company in Dubai. Previously, he worked for Shell. Mills, who speaks Farsi and Arabic, is a member of the International Association for Energy Economics and Association of International Petroleum Negotiators. He holds a Master's Degree in Geological Sciences from Cambridge University.

Table of Contents

Figures and Tables

1 Introduction 1

2 Opposing Viewpoints 11

3 Bust and Boom: How We Got to Where We Are Today 21

4 Half-Full or Half-Empty? Conventional Oil Supply 33

5 Dead Dinosaurs?: The Major Oil Nations 107

6 Scraping the Barrel? Unconventional Oil Supply 153

7 Gas Giants 179

8 A Dangerous Neighborhood? Supply, Investment, and Geopolitics 189

9 Keeping the Lights On: Energy Demand 205

10 Green Oil: Saving the Environment 221

11 Conclusion 239

Notes 241

Bibliography 267

Index 283

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  • Anonymous

    Posted September 13, 2008

    Demand on Tap

    Much has been written about the pending peak of oil and gas production, and the subsequent decline of civilization as we fall back into a pre-industrialized society. Oil has been blamed on everything from triggering global climate change to being the catalyst of geopolitical wars. The result of which has led to calls for developing alternative energy sources such a nuclear, solar and wind, as well as creating more efficient vehicles. Now comes along Robin M. Mills who, in his book entitled ¿The Myth of the Oil Crisis¿, to dispel notions that neither oil nor gas has reached peak production. Mr. Mills discusses in a concise and easy understandable manner the various viewpoints concerning oil production, such as the Geologists, the Economists, the Militarists, the Environmentalists, and the Neo-Luddites. To help the reader appreciate the topic better, Mr. Mills provides a brief history explaining how we¿ve reached our current economic situation along with a ¿who¿s who¿ among oil producers. Mr. Mills goes on to discuss the pros and cons of ¿near-oil¿ alternatives such as oil shale, coal, biofuels, gas liquids, and potential alternatives such as wind, solar, and nuclear. Of course no discussion of oil would be complete without discussing the dangerous would of geopolitics and climate change. ¿The Myth of the Oil Crisis¿ is an excellent book for those seeking a better understanding of our dependence on oil, how we got that way, and what we can do about.

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