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

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Explores myths surrounding the global consumption of oil. This book lays out an environmentally and geopolitically responsible path for the petroleum industry and its customers.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Publisher 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.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.

Author Biography

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

LIST OF FIGURES AND TABLESList of Abbreviations/Glossary1. INTRODUCTION2. OPPOSING VIEWPOINTS3. BUST AND BOOM: HOW WE GOT TO WHERE WE ARE TODAY4. HALF FULL OR HALF EMPTY? CONVENTIONAL OIL SUPPLY RESERVES GROWTH5. DEAD DINOSAURS? THE MAJOR OIL NATIONS6. SCRAPING THE BARREL? UNCONVENTIONAL OIL SUPPLY7. GAS GIANTS8. A DANGEROUS NEIGHBOURHOOD? SUPPLY, INVESTMENT AND GEOPOLITICS9. KEEPING THE LIGHTS ON: ENERGY DEMAND10. GREEN OIL: SAVING THE ENVIRONMENT11. CONCLUSIONBIBLIOGRAPHYData Sources

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, Starred Review *The oil crisis and US energy policy (or lack thereof) has been debated since President Nixon was in office, and this important issue is being revisited again under the Obama administration. Mills (petroleum economics manager, Emirates National Oil Company, Dubai) provides a very good overview of the main issues at hand. He critiques the views of key groups (geologists, economists, militarist, environmentalists, and 'Neo-Luddites') on this issue; discusses sources of current and future oil reserves and other energy sources; and contends that oil supplies are growing. Mills correctly points out shortcomings and exaggerated claims of the pessimists when it comes to oil and the policy implications resulting from their claims. This book is a welcome addition to the literature and an excellent resource for those new to the field… Highly recommended. General readers; undergraduate students at all levels; practitioners. * Choice *

Promotional

"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." -- Duncan Clarke, Author of Empires Of Oil and The Battle For Barrels "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!" -- Dr Simon Vroemen, Vice President Strategy RWE-Dea "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." -- William Zhao, CEO, Gaia Carbon Control Systems

Long 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. 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.

Review Quote

"The oil crisis and US energy policy (or lack thereof) has been debated since President Nixon was in office, and this important issue is being revisited again under the Obama administration. Mills (petroleum economics manager, Emirates National Oil Company, Dubai) provides a very good overview of the main issues at hand. He critiques the views of key groups (geologists, economists, militarist, environmentalists, and 'Neo-Luddites') on this issue; discusses sources of current and future oil reserves and other energy sources; and contends that oil supplies are growing. Mills correctly points out shortcomings and exaggerated claims of the pessimists when it comes to oil and the policy implications resulting from their claims. This book is a welcome addition to the literature and an excellent resource for those new to the field… Highly recommended. General readers; undergraduate students at all levels; practitioners." - Choice

Promotional "Headline"

An oil industry insider debunks myths surrounding the black gold and shows that we have plenty of oil left in the ground to keep homes warm and cars running for decades to come.

Description for Reader

According to Mills, many ideas about petroleum depletion and its consequences are not just grossly overstated but plain wrong. Calmly and persuasively, he argues: 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.

Details ISBN0313364982 Author Robin M. Mills Short Title MYTH OF OIL CRISIS Language English ISBN-10 0313364982 ISBN-13 9780313364983 Media Book Format Paperback Illustrations Yes Year 2008 Subtitle Overcoming the Challenges of Depletion, Geopolitics, and Global Warming Country of Publication United States Place of Publication Westport Birth 1976 Imprint Praeger Publishers Inc UK Release Date 2008-08-30 NZ Release Date 2008-08-30 US Release Date 2008-08-30 Audience Age 7-17 Pages 336 Publisher Bloomsbury Publishing Plc Publication Date 2008-08-30 Alternative 9780313354793 DEWEY 333.8232 Audience General AU Release Date 2008-08-29 We've got this

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