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


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

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    Available in PDF - DJVU Format | The Myth of the Oil Crisis: Overcoming the Challenges of Depletion, Geopolitics, and Global Warming.pdf | Language: ENGLISH
    Robin M. Mills(Author)

    Book details

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.

"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"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 Portfolio Management, 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

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Book details

  • PDF | 336 pages
  • Robin M. Mills(Author)
  • Greenwood Press (30 Aug. 2008)
  • English
  • 8
  • Science & Nature

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Review Text

  • By Morten Pedersen on 21 February 2010

    The most worrying aspect of this book, is that the author himself (on page 104) says we will not reach peak until 2010, using a 2.2% depletion rate. IEA claims the current (2009) depletion rate is 5.1-6.7%, with whistleblower estimates all the way up to 9.1%. These rates mean new production will not offset the decline. Additionally, oil production has been on a plateau since 2005, which seems to confirm the suspicions of peak oil believers.He furthermore adds that Mexico hasn't peaked (though Cantarell is in virtual freefall), consistently overestimates oil fields (trivially accepts the words of Saudi and Kuwaiti officials, despite all the controversy), that OPEC will hit 38mbpd by 2010 (actual 2009 figure is 28mbpd, so a little hard to believe), takes the Brazilian deepwater 25-40bn speculated figure as fact (despite Petrobras insisting this isn't proven), claims that Iraqi oil production could increase by 500k with minimal investment (7 years on, and we haven't seen this in production figures, despite significant investment)... and so on. Frankly, the amount of controversial statements in this book is too substantial to list.All of this is mixed with hardline interpretation of the Hubbert curve, as well as cheap shots at the opposition, which frankly works only to undermine his own argument.I did however enjoy the part on unconventional oil - although, in line with the rest of the book, the Bakken formation is trivially upgraded from the generally accepted 3.6bn recoverable to 8-90bn barrels.Finally, the author claims Iraq wasn't invaded for oil. If you honestly believe this statement, then I guess this book is for you.

  • By Christa on 27 August 2013

    excellent!!!it is the bible of the gas and oil resources. I recommend this to anyone!!Anything you want is there.The author provides a wide knowledge over the energy situation.

  • By Mr. H. R. H. Powell on 25 May 2014

    A good read and well worth considering the contents and just what various governments throughout the world are having the public believe?

  • By Bram Raskolnikov on 3 February 2009

    I very much recommend this book to anyone interested in, or worried about, energy issues. The author is an industry insider (which he acknowledges up front) but the book is very far from being an apologia for the oil industry. It is a dense and fact-heavy read which is closely argued. The core arguments are as follows:- the Hubbert theory of 'peak oil' is just that, a theory, and not a scientific truth- there are major weaknesses in the Hubbert theory and there are significantly greater hydrocarbon resources than is commonly thought- oil is not about to run out and even if it did it would not result in the collapse of civilized society- gas and coal can be used to susbtitute for many (if not all) applications of oil- even so, the threat of climate change means that diversification away from, and more sensible usage of, hydrocarbons is important and necessary- there are huge opportunities for such diversification and efficiencyThe book is a powerful and intelligent riposte to the doom-laden, apocalyptic genre of 'peak oil' literature.Many environmentalists won't like it one bit but they will find it hard to argue with the facts laid out in the book - and they should remember that the author is a confirmed believer in anthropogenic global warming and its dangers.However, read with an open mind the books shows how a calm, rational approach to energy issues is much more sensible than much of the polemical hyperbole written on the subject.It deserves to be read widely.

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