Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

The Economics of Oil

The Economics of Oil

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783319478173
Condition
New
Product Description

This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived fracking revolution, but enough to be able to claim that peak oil was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy. >Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In todays economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, tight oil and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. Drill baby drill and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable.

Available Colors
Available Sizes
1 Offer Price Range: $39.99 - $39.99
BEST PRICE

Single Product Purchase

$39.99
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$39.99 $39.99

$39.99
See Site In stock Visit Store

Similar Products

Flood Hydrology

$129.00

Examination of Kidney Function

$39.99

Ergotherapeutische Modelle praktisch angewandt

$64.99

Theoretical Models of Chemical Bonding

$39.99

Softwareengineering fr Ingenieure und Informatiker

$49.99

The Austin Protocol Compiler

$84.99

Services Computing SCC 2020

$54.99

Conquest of Body

$54.99

Plant and Food Carotenoids

$169.99

Theory of Multicomponent Fluids

$149.00

Interkulturelle Kompetenz in der Verwaltung?

$64.99

Essential Access 2000 fast

$54.99

Communication

$169.99

Supply Chain Excellence im Handel

$59.99

Austen, Actresses and Accessories

$54.99

Social Networking for Language Education

$54.99

Strafrechtliche Produktverantwortung bei Arzneimittelschden

$99.99

Werner Siemens und der Schutz der Erfindungen

$59.99

Multivariate Analysis with LISREL

$159.99

Seminar on Stochastic Processes, 1981

$54.99

Infrared Ellipsometry on Semiconductor Layer Structures

$189.00

Fundamentals of Magnetohydrodynamics

$169.99

Intelligent Software Methodologies, Tools and Techniques

$39.99

Efficient Economic Growth

$39.99

Mathematical Lives

$39.99

Die gemeinntzige GmbH

$44.99

New Perspectives on Willingness to Communicate in a Second Language

$119.00

Literacy

$54.99

Theory of Hypergeometric Functions

$139.99

Kleist-Jahrbuch 2019

$39.99

Indoor Air Quality

$109.99

Arbeitsrehabilitation in der Psychiatrie

$59.99

Revisiting The Chinese Learner

$169.99

The Mathematics in Our Hands

$39.99

Netherlands Yearbook of International Law - 2009

$109.99

Kreative Mitarbeiter

$39.99

Semantic Intelligence

$249.99

Universal Localities

$119.99

Exercise and Physical Functioning in Osteoarthritis

$54.99

Rookie Read-About Science-It's a Good Thing.: It's a Good Thing There Are Snakes

$3.71