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Books > Professional & Technical > Energy technology & engineering > Alternative & renewable energy sources & technology
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Following Oil - Four Decades of Cycle-Testing Experiences and What They Foretell about U.S. Energy Independence (Paperback)
Loot Price: R771
Discovery Miles 7 710
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Following Oil - Four Decades of Cycle-Testing Experiences and What They Foretell about U.S. Energy Independence (Paperback)
Expected to ship within 10 - 15 working days
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In a forty-year career as an oil and gas investment analyst and as
an investment banker and strategic adviser on petroleum-sector
mergers, acquisitions, and financings, Thomas A. Petrie has
witnessed dramatic changes in the business. In Following Oil, he
shares useful lessons he has learned about domestic and global
trends in population and economic growth, a maturing resource base,
variable national energy policies, and dynamic changes in
geopolitical forces - and how these variables affect energy
markets. More important, he applies those lessons to charting a
course of energy development for the nation as the twenty-first
century unfolds. By the 1970s, when Petrie began analyzing publicly
traded securities in the energy sector, the petroleum investment
market was depressed. The rise of the Organization of Petroleum
Exporting Countries (OPEC) pushed energy to the center of the
national security calculus of the United States and its allies.
Price volatility would continue to whipsaw global markets for
decades, while for consumers, cheap gasoline prices soon became a
fond memory. Eventually, as Petrie puts it, finding oil on Wall
Street became cheaper than drilling for it. Petrie uses this
dramatic period in oil business history to relate what he has
learned from ""following oil"" as a securities analyst and
investment banker. But the title also refers to energy sources that
could become available following eventual shrinkage of
conventional-oil supplies. Addressing the current need for greener,
more sustainable energy sources, Petrie points to recent large
domestic gas discoveries and the use of new technologies such as
horizontal drilling to unlock unconventional hydrocarbons. With
these new sources, the United States can increase production and
ensure itself enough oil and gas to sustain economic growth during
the next several decades. Petrie urges the pursuit of cleaner
fossil fuel development in order to buy the time to develop the
technical advances needed to bridge the nation to a greener energy
future, when wind, solar, and other technologies advance
sufficiently to play a larger role.
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