By George Orwel
I loved Mr. Orwel's booklet "Black Gold." It was once effortless to learn and it had a number of issues within the ebook that i did not be aware of. Like President Clinton's Iraq Liberation Act of 1998, which said that, "It might be the coverage of the us to help efforts to take away the regime headed through Saddam Hussein from energy in Iraq." This ebook is mild analyzing. do not anticipate finding loads of deep inspiration. it really is the same as an extended newspaper article. i do not remorse i purchased the booklet. Regards, Keith Renick, Saudi Aramco Oil Co. Retired
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Extra info for Black Gold: The New Frontier in Oil for Investors
First, the rate of non-OPEC production capacity is growing, and that’s a good thing. In recent years, the former Soviet Union supply has began to increase after a few years of ﬂat growth. This resurgence, however, has been principally from repairing tired infrastructure, and such a growth rate is likely to be hard to sustain. Now, here’s the problem: Development is likely to be slow because of what appears to be renationalization efforts by the Kremlin. No foreign investors are willing to spend money where there are no strong laws to protect their assets.
That means even if the government immediately mandated a drastic increase in fuel efﬁciency standards, the conservation beneﬁts wouldn’t fully take effect for almost two decades. And while conservation would certainly be necessary in a crisis, it wouldn’t be enough. S. Department of Energy (DOE) in February of 2005, an independent energy consultant concluded that it THE END OF AN ERA? S. economy to adapt to declining oil production. “You’ve got to do really big things in order to dent the problem.
Like geologists who 46 THE END OF OIL are now calling our attention to an oil peak, these skeptics think the oil industry is taking itself for a ride by being overly optimistic that natural resources will stay abundant. Very soon, we shall see a shift in mainstream economic thinking from unbridled, red-hot free markets to something grayish. Let’s get back to the debate about peak oil and just assume that world oil production peaks in about 15 years. What will that mean to us, in concrete terms?