With oil around $100 a barrel, drivers wince whenever they pull into the gas station and businesses watch their bottom lines shrink. Watch out, say doomsayers, it will only get worse as oil dries up. It's a plausible argument, especially considering the rate at which countries like China and India are now sucking up oil. Even more troubling, the world's largest oil fields sit in geopolitical hotspots like Iran and Iraq. Some believe their nations need to secure remaining supplies using military force, while others consider dwindling supplies a blessing that will help solve the problem of global warming. But wait—is it really the end of oil? Absolutely not, says geologist, economist, and industry-insider Robin Mills. There is no other book by an industry insider that effectively counters the peak oil theory by showing where and how oil will be found in the future. There also is no other book by an insider that lays out an environmentally and geopolitically responsible path for the petroleum industry and its customers. The Myth of the Oil Crisis, written in a lively style but with scientific rigor, is thus a uniquely useful resource for business leaders, policymakers, petroleum industry professionals, environmentalists, and anyone else who consumes oil. Best of all, it offers an abundance of one commodity now in short supply: hope for the future.

In this timely book, former Secretary of Energy Spencer Abraham debunks the myths that warp our current debate over energy, and offers new solutions to the real problems we face in America. Drawing on the very latest thinking from experts in industry and academia, and his own experiences running America's Energy Department, he proposes a fresh approach to meeting our daunting energy threats. This book effectively answers how America and the world can overcome the challenges of rising global energy demand, geopolitical disruptions of the energy marketplace, and the environmental impact of producing and using energy. What emerges is a pragmatic energy strategy that calls for blending a variety of energy sources including nuclear, clean coal, solar, wind, and natural gas with a more determined effort at improving energy efficiency through the deployment of smart energy grids and buildings, to help meet our challenges while preserving our economy and environment. Coming in the midst of a national debate about global warming, energy dependence and rising energy prices and rich with anecdotes from the author's service in the Senate and cabinet, this book is a clarion call that will help shape our energy future.

Illuminates the influence of the US in internal Iranian politics long before the 1953 coup by examining recently declassified CIA and US State Department documents.

This incisive study examines the role of the Netherlands in the October War and the oil crisis of 1973. The authors contend that the actions of the Dutch government were hypocritical: the Dutch government faced a domestic crisis when an oil embargo was levied against them by Arab countries for selling arms to Israel; yet after oil began arriving again two months later, the Dutch rejected a proposal for a stricter interventionist energy policy within the European Union. A probing and thought-provoking study, The Netherlands and the Oil Crisis draws on previously unavailable archival sources to shed new light on a pivotal moment in contemporary Dutch history.

“A valuable addition to the new wave of critical studies on the history of oil and energy policy”—and a bracing corrective to longstanding myths (James M. Gustafson, Diplomatic History). Conventional wisdom tells us that the US military presence in the Persian Gulf is what guarantees American access to oil; that the “special” relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; and that these assumptions in turn provide Washington enormous leverage over Europe and Asia. But the conventional wisdom is wrong. Robert Vitalis debunks the myths of “oilcraft”, a line of magical thinking closer to witchcraft than statecraft. Oil is a commodity like any other: bought, sold, and subject to market forces. Vitalis exposes the suspect fears of oil scarcity and investigates the geopolitical impact of these false beliefs. In particular, Vitalis shows how we can reconsider the question of the US-Saudi special relationship, which confuses and traps many into unnecessarily accepting what they imagine is a devil’s bargain. Freeing ourselves from the spell of oilcraft won’t be easy, but the benefits make it essential.

This book explains the links between past and present oil crises, financial crises, and geopolitical conflicts.

Is the earth's oil supply starting to run out, or is there far more oil than some experts believe? This book points out flaws in the research used to warn of an oil shortfall and predicts that large new reserves of oil are soon to be tapped. In the last decade, oil experts, geologists, and policy makers alike have warned that a peak in oil production around the world was about to be reached and that global economic distress would result when this occurred. But it didn't happen. The "Peak Oil" Scare and the Coming Oil Flood refutes the recent claims that world oil production is nearing a peak and threatening economic disaster by analyzing the methods used by the theory's proponents. Author Michael C. Lynch, former researcher at Massachusetts Institute of Technology (MIT), debunks the "Peak Oil" crisis prediction and describes how the next few years will instead see large amounts of new supply that will bring oil prices down and boost the global economy. This book will be invaluable to those involved in the energy industry, including among those fields that are competing with oil, as well as financial institutions for which the price of oil is of critical importance. Lynch uncovers the facts behind the misleading news stories and media coverage on oil production as well as the analytic process that reveals the truth about the global oil supply. General readers will be dismayed to learn how governments have frequently been led astray by seeming logical theories that prove to have no sound basis and will come away with a healthy sense of skepticism about popular economics.