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The "Peak Oil" Scare and the Coming Oil Flood (Hardcover)
Loot Price: R1,943
Discovery Miles 19 430
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The "Peak Oil" Scare and the Coming Oil Flood (Hardcover)
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Is the earth's oil supply starting to run out, or is there far more
oil than some experts believe? This book points out flaws in the
research used to warn of an oil shortfall and predicts that large
new reserves of oil are soon to be tapped. In the last decade, oil
experts, geologists, and policy makers alike have warned that a
peak in oil production around the world was about to be reached and
that global economic distress would result when this occurred. But
it didn't happen. The "Peak Oil" Scare and the Coming Oil Flood
refutes the recent claims that world oil production is nearing a
peak and threatening economic disaster by analyzing the methods
used by the theory's proponents. Author Michael C. Lynch, former
researcher at Massachusetts Institute of Technology (MIT), debunks
the "Peak Oil" crisis prediction and describes how the next few
years will instead see large amounts of new supply that will bring
oil prices down and boost the global economy. This book will be
invaluable to those involved in the energy industry, including
among those fields that are competing with oil, as well as
financial institutions for which the price of oil is of critical
importance. Lynch uncovers the facts behind the misleading news
stories and media coverage on oil production as well as the
analytic process that reveals the truth about the global oil
supply. General readers will be dismayed to learn how governments
have frequently been led astray by seeming logical theories that
prove to have no sound basis and will come away with a healthy
sense of skepticism about popular economics.
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