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. 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. 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.
TheMyth 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.
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