The Economics of Oil A Primer Including Geology, Energy, Economics, Politics /

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...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Carmalt, S.W (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Cham : Springer International Publishing : Imprint: Springer, 2017.
Σειρά:SpringerBriefs in Energy,
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
LEADER 04305nam a22005175i 4500
001 978-3-319-47819-7
003 DE-He213
005 20161226110744.0
007 cr nn 008mamaa
008 161226s2017 gw | s |||| 0|eng d
020 |a 9783319478197  |9 978-3-319-47819-7 
024 7 |a 10.1007/978-3-319-47819-7  |2 doi 
040 |d GrThAP 
050 4 |a HD9502-9502.5 
072 7 |a TH  |2 bicssc 
072 7 |a KNB  |2 bicssc 
072 7 |a BUS070040  |2 bisacsh 
082 0 4 |a 333.79  |2 23 
082 0 4 |a 338.926  |2 23 
100 1 |a Carmalt, S.W.  |e author. 
245 1 4 |a The Economics of Oil  |h [electronic resource] :  |b A Primer Including Geology, Energy, Economics, Politics /  |c by S.W. Carmalt. 
264 1 |a Cham :  |b Springer International Publishing :  |b Imprint: Springer,  |c 2017. 
300 |a VIII, 118 p. 23 illus., 19 illus. in color.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
490 1 |a SpringerBriefs in Energy,  |x 2191-5520 
505 0 |a Introduction and current situation -- Financing oil projects -- Combining projects into programs -- Management or geology -- Peak oil theory -- Energy in the economy -- Oil’s role in economy will change -- Importance of policy -- Looking ahead at oil and natural gas -- “Muddling through”. 
520 |a 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 today’s 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. 
650 0 |a Energy. 
650 0 |a Energy policy. 
650 0 |a Energy and state. 
650 0 |a Energy industries. 
650 0 |a Economic growth. 
650 1 4 |a Energy. 
650 2 4 |a Energy Policy, Economics and Management. 
650 2 4 |a Economic Growth. 
650 2 4 |a Energy Economics. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783319478173 
830 0 |a SpringerBriefs in Energy,  |x 2191-5520 
856 4 0 |u http://dx.doi.org/10.1007/978-3-319-47819-7  |z Full Text via HEAL-Link 
912 |a ZDB-2-ENE 
950 |a Energy (Springer-40367)