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The age of oil : the mythology, history, and future of the world's most controversial resource / Leonardo Maugeri.
Author
Maugeri, Leonardo, 1964-
[Browse]
Format
Book
Language
English
Published/Created
Westport, Conn. : Praeger Publishers, 2006.
Description
xx, 340 pages ; 25 cm
Availability
Copies in the Library
Location
Call Number
Status
Location Service
Notes
Engineering Library - Stacks
TN870 .M339 2006
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Forrestal Annex - Reserve
TN870 .M339 2006
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Forrestal Annex - Reserve
TN870 .M339 2006
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Lewis Library - Stacks
TN870 .M339 2006
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Details
Subject(s)
Petroleum
—
History
—
19th century
[Browse]
Petroleum
—
History
—
20th century
[Browse]
Petroleum
—
History
—
21st century
[Browse]
Petroleum industry and trade
—
History
—
19th century
[Browse]
Petroleum industry and trade
—
History
—
20th century
[Browse]
Petroleum industry and trade
—
History
—
21st century
[Browse]
Petroleum reserves
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Summary note
Explores the obsessions and misperceptions surrounding the resource that has shaped our lives, demonstrating that oil will be with us for a long time to come. Oil is the most vital resource of our time. Because it is so important, misperceptions about the black gold abound. The author clears the cobwebs by describing the colorful history of oil, and explaining the fundamentals of oil production. He delivers a controversial perspective on the industry, as only an insider could. The history of the oil market has been marked, since its inception, by a succession of booms and busts, each one leading to a similar psychological climax and flawed political decisions. In a single generation, we have experienced the energy crisis of 1973; the dramatic oil countershock of 1986; the oil collapse of 1998-99 that gave rise to the idea of oil as just another commodity; and the sharp price increases following hurricane Katrina's devastation in the Gulf of Mexico. Today, we are experiencing a global oil boom that, paradoxically, seems to herald a gloomy era of scarcity exacerbated by growing consumption and the threat from Islamic terrorism in the oil-rich Middle East. The author argues that the pessimists are wrong. In the second part of his book, he debunks the main myths surrounding oil in our times, addressing whether we are indeed running out of oil, and the real impact of Islamic radicalism on oil-rich regions. By translating many of the technical concepts of oil productions into terms the average reader can easily grasp, he answers our questions. Ultimately, he concludes that the wolf is not at the door. We are facing neither a problem of oil scarcity, nor an upcoming oil blackmail by forces hostile to the West. Only bad political decisions driven by a distorted view of current problems (and who is to blame for them) can doom us to a gloomy oil future. This book traces the history of the oil market, explains the fundamentals of oil production, examines the myths and controversies surrounding the production and distribution of oil, and speculates on future challenges in the oil market.
Bibliographic references
Includes bibliographical references (p. [311]-321) and index.
Contents
Part One. A History of an Unreliable Market (and the Bad Policies it Prompted).
John D. Rockefeller's cursed legacy
The age of gasoline and oil imperialism
The carve-up of Arabia's oil
The oil glut of the 1930s
Cold War fears and the U.S.-Arabian link
The Iran tragedy and the "seven sisters" cartel
The golden age of oil and its limits
Oil and the explosion of Arab nationalism
The first oil shock
The second oil shock
The countershock
A storm in the desert : the first Gulf crisis
The Soviet implosion and the troubled Caspian El Dorado
The collapse of oil prices and industry megamergers
The first oil crisis of the twenty-first century
Part Two. Misperceptions and Problems Ahead.
Are we running out of oil?
The inner secrets of oil
The puzzle of oil reserves and production, and the quest for their control
The problems with oil quality, price, and consumption trends
Flawed forecasts, foggy alternatives to oil
Arabs, Islam, and the myth of oil security
Appendixes.
1. Proven reserves, production, and reserves life index of the first twenty oil countries in the world and world totals (2004)
2. Consumption trends of the first twenty countries in the world (1980-2004)
3. Main features of some qualities of crude oil
4. The largest national oil companies
5. The largest international oil companies.
Show 26 more Contents items
ISBN
0275990087 ((alk. paper))
9780275990084 ((alk. paper))
LCCN
2006006632
OCLC
64624827
International Article Number
9780275990084
Statement on language in description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
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The age of oil : the mythology, history, and future of the world's most controversial resource / Leonardo Maugeri.
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The age of oil : the mythology, history, and future of the world's most controversial resource / Leonardo Maugeri.
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