Oil Panic and the Global Crisis

Oil Panic and the Global Crisis

Author: Steven M. Gorelick

Publisher: John Wiley & Sons

Published: 2011-08-24

Total Pages: 311

ISBN-13: 1444359894

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Is the world running out of oil? This book analyzes predictions of global oil depletion in the context of science, history, and economics. There has been continuing alarm about the imminent exhaustion of earth's non-renewable resources. Yet, the world has never run out of any significant, globally traded, non-renewable resource. Is the world finally facing a non-renewable resource depletion catastrophe, or is the current concern just another one of a succession of panics? In this book, key assumptions and underlying arguments in the global oil-depletion debate are first summarized and then challenged. Facts about oil supply, production, and consumption are made accessible using concise and simple graphics. Concepts of resource depletion, end-use needs, technology leap-frogging, efficiency, and substitution are used to evaluate historical patterns of exploitation of non-renewable resources and to explore what history suggests about our future dependence on oil. This book is aimed at a broad range of readers,from undergraduate students studying resource science and economics to anyone interested in understanding the context of the controversy over global oil depletion. "It is a book serious students of the world oil market should read, not because Gorelick has all the answers but because his account is well reasoned, well informed, and argued honestly, with respect for responsible opposing viewpoints." Book Review, Science, May 2010


Book Synopsis Oil Panic and the Global Crisis by : Steven M. Gorelick

Download or read book Oil Panic and the Global Crisis written by Steven M. Gorelick and published by John Wiley & Sons. This book was released on 2011-08-24 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is the world running out of oil? This book analyzes predictions of global oil depletion in the context of science, history, and economics. There has been continuing alarm about the imminent exhaustion of earth's non-renewable resources. Yet, the world has never run out of any significant, globally traded, non-renewable resource. Is the world finally facing a non-renewable resource depletion catastrophe, or is the current concern just another one of a succession of panics? In this book, key assumptions and underlying arguments in the global oil-depletion debate are first summarized and then challenged. Facts about oil supply, production, and consumption are made accessible using concise and simple graphics. Concepts of resource depletion, end-use needs, technology leap-frogging, efficiency, and substitution are used to evaluate historical patterns of exploitation of non-renewable resources and to explore what history suggests about our future dependence on oil. This book is aimed at a broad range of readers,from undergraduate students studying resource science and economics to anyone interested in understanding the context of the controversy over global oil depletion. "It is a book serious students of the world oil market should read, not because Gorelick has all the answers but because his account is well reasoned, well informed, and argued honestly, with respect for responsible opposing viewpoints." Book Review, Science, May 2010

The Economics and Politics of China’s Energy Security Transition

The Economics and Politics of China’s Energy Security Transition

Author: Hongtu Zhao

Publisher: Academic Press

Published: 2018-09-05

Total Pages: 394

ISBN-13: 0128151536

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The Economics and Politics of China’s Energy Security Transition clarifies China’s energy and foreign policies through a comprehensive examination of energy sources, providing an insider’s unique perspective for assessing China’s energy policies. China’s historic decline in coal consumption since 2013-2014 and a plateauing of its carbon dioxide emissions have given China an unprecedented opportunity to decarbonize while growing its economy. In response to global questions about China’s institutional, administrative, and political challenges and risks, this book provides the answers that everyone is asking. Provides a rare assessment of China’s energy policies and reveals insights into the Chinese government Devotes attention to issues of global energy governance and energy sanctions Includes data and reference content suitable for researchers in economics, sustainability, energy policy, geopolitics and political science


Book Synopsis The Economics and Politics of China’s Energy Security Transition by : Hongtu Zhao

Download or read book The Economics and Politics of China’s Energy Security Transition written by Hongtu Zhao and published by Academic Press. This book was released on 2018-09-05 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics and Politics of China’s Energy Security Transition clarifies China’s energy and foreign policies through a comprehensive examination of energy sources, providing an insider’s unique perspective for assessing China’s energy policies. China’s historic decline in coal consumption since 2013-2014 and a plateauing of its carbon dioxide emissions have given China an unprecedented opportunity to decarbonize while growing its economy. In response to global questions about China’s institutional, administrative, and political challenges and risks, this book provides the answers that everyone is asking. Provides a rare assessment of China’s energy policies and reveals insights into the Chinese government Devotes attention to issues of global energy governance and energy sanctions Includes data and reference content suitable for researchers in economics, sustainability, energy policy, geopolitics and political science

Market Madness

Market Madness

Author: Blake C. Clayton

Publisher: Oxford University Press, USA

Published: 2015

Total Pages: 249

ISBN-13: 0199990050

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"In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy. The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials. Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigateunnecessary price spikes and improve investor and government decision-making. The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"--


Book Synopsis Market Madness by : Blake C. Clayton

Download or read book Market Madness written by Blake C. Clayton and published by Oxford University Press, USA. This book was released on 2015 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy. The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials. Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigateunnecessary price spikes and improve investor and government decision-making. The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"--

The Oil Crisis

The Oil Crisis

Author: Fiona Venn

Publisher: Routledge

Published: 2016-07-01

Total Pages: 230

ISBN-13: 1317884000

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In October 1973 two crises – one economic, one political – intersected, with dramatic and long term consequences for international relations. On 6 October, Egypt and Syria launched an attack on Israel, and within a few days the major Arab oil producers announced their support by use of the ‘oil weapon’, including a boycott of supplies for countries friendly to Israel and a programme of production cuts. This was followed by the unilateral declaration of a steep increase in the price of oil by the Organization of Petroleum Exporting Countries (OPEC). The result was international panic and world recession. Crude oil prices soared by a massive fourfold in just three months. The West's vulnerability had been exposed: it was being held hostage to oil. Yet, despite efforts to address this dependence on oil imports in following years, the 1979 Iranian Revolution triggered a further upward surge in prices. Today, the importance of oil remains at the forefront of the West's foreign policy calculations in the Middle East. In this fascinating and timely new look at the oil crisis, Fiona Venn examines these issues and the more unexpected effects of the crisis. She asks just how much really changed in the economic balance of power. Most importantly she argues that OPEC was used as a scapegoat for the world recession, which had been already underway when the crisis detonated.


Book Synopsis The Oil Crisis by : Fiona Venn

Download or read book The Oil Crisis written by Fiona Venn and published by Routledge. This book was released on 2016-07-01 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: In October 1973 two crises – one economic, one political – intersected, with dramatic and long term consequences for international relations. On 6 October, Egypt and Syria launched an attack on Israel, and within a few days the major Arab oil producers announced their support by use of the ‘oil weapon’, including a boycott of supplies for countries friendly to Israel and a programme of production cuts. This was followed by the unilateral declaration of a steep increase in the price of oil by the Organization of Petroleum Exporting Countries (OPEC). The result was international panic and world recession. Crude oil prices soared by a massive fourfold in just three months. The West's vulnerability had been exposed: it was being held hostage to oil. Yet, despite efforts to address this dependence on oil imports in following years, the 1979 Iranian Revolution triggered a further upward surge in prices. Today, the importance of oil remains at the forefront of the West's foreign policy calculations in the Middle East. In this fascinating and timely new look at the oil crisis, Fiona Venn examines these issues and the more unexpected effects of the crisis. She asks just how much really changed in the economic balance of power. Most importantly she argues that OPEC was used as a scapegoat for the world recession, which had been already underway when the crisis detonated.

Oil – Final Countdown To A Global Crisis And Its Solutions

Oil – Final Countdown To A Global Crisis And Its Solutions

Author: Dr. Sahadeva Das

Publisher: Golden Age Media

Published: 2018-01-01

Total Pages: 348

ISBN-13: 8190976001

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This book (Oil – Final Countdown To A Global Crisis And Its Solutions) examines the lifeline of modern living – petroleum. This is what flows In our veins today. Every aspect of our life, from food to transport to housing, is petroleum-based. Either it’s petroleum or it's nothing. Our existence is draped in layers of petroleum. This book is a bible on the subject and covers every conceivable aspect of it, from its strategic importance to future prospects. Then the book goes on to delineate important strategic solutions to an unprecedented crisis that’s coming our way.


Book Synopsis Oil – Final Countdown To A Global Crisis And Its Solutions by : Dr. Sahadeva Das

Download or read book Oil – Final Countdown To A Global Crisis And Its Solutions written by Dr. Sahadeva Das and published by Golden Age Media . This book was released on 2018-01-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book (Oil – Final Countdown To A Global Crisis And Its Solutions) examines the lifeline of modern living – petroleum. This is what flows In our veins today. Every aspect of our life, from food to transport to housing, is petroleum-based. Either it’s petroleum or it's nothing. Our existence is draped in layers of petroleum. This book is a bible on the subject and covers every conceivable aspect of it, from its strategic importance to future prospects. Then the book goes on to delineate important strategic solutions to an unprecedented crisis that’s coming our way.

OPEC in a Shale Oil World

OPEC in a Shale Oil World

Author: Mohamed Ramady

Publisher: Springer

Published: 2015-10-15

Total Pages: 293

ISBN-13: 3319223712

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RAMADy, Mahdi OPec in a sHALE oil world –where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.


Book Synopsis OPEC in a Shale Oil World by : Mohamed Ramady

Download or read book OPEC in a Shale Oil World written by Mohamed Ramady and published by Springer. This book was released on 2015-10-15 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: RAMADy, Mahdi OPec in a sHALE oil world –where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.

Oil

Oil

Author: Gavin Bridge

Publisher: John Wiley & Sons

Published: 2013-09-06

Total Pages: 266

ISBN-13: 0745675956

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Oil pulses through our daily lives. It is the plastic we touch, the food we eat, and the way we move. Oil politics in the twentieth century was about the management of abundance, state power and market growth. The legacy of this age of plenty includes declining conventional oil reserves, volatile prices, climate change, and enduring poverty in many oil rich countries. The oil sector is now in need of reform. Yet no one seems at the helm, leaving a vital source of energy at the whim of dictators, speculators and corporate operators, and our societies locked into unsustainable growth models. In this in-depth primer to the world's wealthiest industry, authors Gavin Bridge and Philippe Le Billon take a fresh look at the contemporary geopolitics of oil. Going beyond simple assertions of peak oil and an oil curse, they point to an industry reordered by internationalized state oil companies, Asian consumerism shifting demand, the insecurities and violent assertiveness of declining powers, and the dilemmas of post-oil energy transition. As a new geopolitics of oil emerges, the need for effective global oil governance becomes imperative. Praising the growing influence of civil society and attentive to the institutionalization of producer-consumer cooperation, this book identifies challenges and opportunities to curtail price volatility, curb demand and the growth of dirty oil, de-carbonise energy systems, and improve governance in oil producing countries.


Book Synopsis Oil by : Gavin Bridge

Download or read book Oil written by Gavin Bridge and published by John Wiley & Sons. This book was released on 2013-09-06 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil pulses through our daily lives. It is the plastic we touch, the food we eat, and the way we move. Oil politics in the twentieth century was about the management of abundance, state power and market growth. The legacy of this age of plenty includes declining conventional oil reserves, volatile prices, climate change, and enduring poverty in many oil rich countries. The oil sector is now in need of reform. Yet no one seems at the helm, leaving a vital source of energy at the whim of dictators, speculators and corporate operators, and our societies locked into unsustainable growth models. In this in-depth primer to the world's wealthiest industry, authors Gavin Bridge and Philippe Le Billon take a fresh look at the contemporary geopolitics of oil. Going beyond simple assertions of peak oil and an oil curse, they point to an industry reordered by internationalized state oil companies, Asian consumerism shifting demand, the insecurities and violent assertiveness of declining powers, and the dilemmas of post-oil energy transition. As a new geopolitics of oil emerges, the need for effective global oil governance becomes imperative. Praising the growing influence of civil society and attentive to the institutionalization of producer-consumer cooperation, this book identifies challenges and opportunities to curtail price volatility, curb demand and the growth of dirty oil, de-carbonise energy systems, and improve governance in oil producing countries.

Putin's Russia

Putin's Russia

Author: Stephen K. Wegren

Publisher: Rowman & Littlefield

Published: 2015-07-16

Total Pages: 373

ISBN-13: 1442239190

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Now in a thoroughly revised and expanded edition, this text provides the most authoritative and current analysis available of the challenges facing Putin. Leading scholars consider a comprehensive array of economic, political, foreign policy, and social issues, offering an indispensable guide for anyone needing to understand contemporary Russia.


Book Synopsis Putin's Russia by : Stephen K. Wegren

Download or read book Putin's Russia written by Stephen K. Wegren and published by Rowman & Littlefield. This book was released on 2015-07-16 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in a thoroughly revised and expanded edition, this text provides the most authoritative and current analysis available of the challenges facing Putin. Leading scholars consider a comprehensive array of economic, political, foreign policy, and social issues, offering an indispensable guide for anyone needing to understand contemporary Russia.

The Handbook of Global Energy Policy

The Handbook of Global Energy Policy

Author: Andreas Goldthau

Publisher: John Wiley & Sons

Published: 2016-11-14

Total Pages: 578

ISBN-13: 1119250692

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This is the first handbook to provide a global policy perspective on energy, bringing together a diverse range of international energy issues in one volume. Maps the emerging field of global energy policy both for scholars and practitioners; the focus is on global issues, but it also explores the regional impact of international energy policies Accounts for the multi-faceted nature of global energy policy challenges and broadens discussions of these beyond the prevalent debates about oil supply Analyzes global energy policy challenges across the dimensions of markets, development, sustainability, and security, and identifies key global policy challenges for the future Comprises newly-commissioned research by an international team of scholars and energy policy practitioners


Book Synopsis The Handbook of Global Energy Policy by : Andreas Goldthau

Download or read book The Handbook of Global Energy Policy written by Andreas Goldthau and published by John Wiley & Sons. This book was released on 2016-11-14 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first handbook to provide a global policy perspective on energy, bringing together a diverse range of international energy issues in one volume. Maps the emerging field of global energy policy both for scholars and practitioners; the focus is on global issues, but it also explores the regional impact of international energy policies Accounts for the multi-faceted nature of global energy policy challenges and broadens discussions of these beyond the prevalent debates about oil supply Analyzes global energy policy challenges across the dimensions of markets, development, sustainability, and security, and identifies key global policy challenges for the future Comprises newly-commissioned research by an international team of scholars and energy policy practitioners

Small World, Big Market

Small World, Big Market

Author: Budd Hebert

Publisher: Lexington Books

Published: 2014-07-16

Total Pages: 189

ISBN-13: 0739187236

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Small World, Big Market: Global Business provides an overview of the development of international business with special emphasis on oil production, an essential part of economic development. The book focuses on major trade patterns, including the Silk Road that connected China with Europe beginning at the turn of the millennium; the Chinese Tribute Trade that connected China to Southeast Asia, Africa, and the Mideast beginning in the thirteenth century; the spice trade between Southeast Asia and India by the early fifteenth century; and European-dominated world trade. This volume examines gold and silver trade from the Americas to Europe in the sixteenth century, and also covers the development of the Americas, together with existing African slave trade throughout Eurasia, giving rise to the expansion of African slave. Budd Hebert also discusses common principles and personal character tools for bringing together diverse cultures to facilitate international business. Small World, Big Market culminates by highlighting selected trends that impact international business.


Book Synopsis Small World, Big Market by : Budd Hebert

Download or read book Small World, Big Market written by Budd Hebert and published by Lexington Books. This book was released on 2014-07-16 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small World, Big Market: Global Business provides an overview of the development of international business with special emphasis on oil production, an essential part of economic development. The book focuses on major trade patterns, including the Silk Road that connected China with Europe beginning at the turn of the millennium; the Chinese Tribute Trade that connected China to Southeast Asia, Africa, and the Mideast beginning in the thirteenth century; the spice trade between Southeast Asia and India by the early fifteenth century; and European-dominated world trade. This volume examines gold and silver trade from the Americas to Europe in the sixteenth century, and also covers the development of the Americas, together with existing African slave trade throughout Eurasia, giving rise to the expansion of African slave. Budd Hebert also discusses common principles and personal character tools for bringing together diverse cultures to facilitate international business. Small World, Big Market culminates by highlighting selected trends that impact international business.