The First Half of the Age of Oil
The First Half of the Age of Oil

Author: Charles A. S. Hall

Publisher: Springer Science & Business Media

Published: 2012-12-05

Total Pages: 136

ISBN-13: 1461460646

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According to the conventional wisdom, we live in a post-industrial information age. This book, however, paints a different picture: We live in the age of oil. Petroleum fuels and feedstocks are responsible for much of what we take for granted in modern society, from chemical products such as fertilizer and plastics, to the energy that moves people and goods in a global economy. Oil is a nearly perfect fuel: Energy dense, safe to store, easy to transport, and mostly environmentally benign. Most importantly, oil has been cheap and abundant during the past 150 years. In 1998, two respected geologists, Colin Campbell and Jean Laherrère, published a detailed article announcing that the “end of cheap oil” would happen before 2010, which meant that the world would face a peak, or at least a plateau, in global daily oil production in the first decade of the new millennium. Today, two billion people under the age of 14 have lived the majority of their lives past the point when this century-long growth in oil supplies came to an end, which also marks the end of the first half of the age of oil. This transition has ushered in a new reality of high oil prices, stagnating oil supplies, and sluggish economies. In this book, a leading authority on energy explores the contributions and continuing legacy of Colin Campbell and Jean Laherrère, the two geologists who modified the terms of the debate about oil. The book provides a unique perspective and state-of-the-art overview of today’s energy reality and its enormous economic and social implications. - Covers a topic that eclipses climate change as the most important but least understood challenge for contemporary society - Explores the works of Colin Campbell and Jean Laherrère, the leading authorities in the field of Peak Oil, authors of “The End of Cheap Oil” (Scientific American, 1998), and founding members of the Association for the Study of Peak Oil & Gas - Addresses a broad audience of scientists, engineers, and economists in a format that is accessible to the general public - Provides a complete overview of the basic geological, chemical, physical, economic and historical concepts that every oil consumer should understand - Presents the latest information on oil production, reserves, discoveries, prices, and fields in easy-to-understand graphs and plots

Oil in Texas
Oil in Texas

Author: Diana Davids Hinton

Publisher: University of Texas Press

Published: 2002-03-15

Total Pages: 448

ISBN-13: 0292778864

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The dramatic story of the oil boom that transformed the history of a state, drawn from archives and first-person accounts. As the twentieth century began, oil in Texas was easy to find, but the quantities were too small to attract industrial capital and production. Then, on January 10, 1901, the Spindletop gusher blew in. Over the next fifty years, oil transformed Texas, creating a booming economy that built cities, attracted out-of-state workers and companies, funded schools and universities, and generated wealth that raised the overall standard of living, even for blue-collar workers. No other twentieth-century development had a more profound effect upon the state. This book chronicles the explosive growth of the Texas oil industry from the first commercial production at Corsicana in the 1890s through the vital role of Texas oil in World War II. Using both archival records and oral histories, they follow the wildcatters and the gushers as the oil industry spread into almost every region of the state. The authors trace the development of many branches of the petroleum industry: pipelines, refining, petrochemicals, and natural gas. They also explore how overproduction and volatile prices led to increasing regulation and gave broad regulatory powers to the Texas Railroad Commission.

Energy and the Wealth of Nations
Energy and the Wealth of Nations

Author: Charles A.S. Hall

Publisher: Springer

Published: 2018-03-05

Total Pages: 507

ISBN-13: 3319662198

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In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.

Campbell's Atlas of Oil and Gas Depletion
Campbell's Atlas of Oil and Gas Depletion

Author: Colin J Campbell

Publisher: Springer Science & Business Media

Published: 2013-01-04

Total Pages: 371

ISBN-13: 1461435765

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Campbell's Atlas of Oil and Gas Depletion, Second Edition, is the product of a half-century of critical analysis and updating of data on the status of oil and gas depletion by country, region and the world as a whole. Separate analyses of conventional and non-conventional oil and gas, which are depleting at different rates and costs, show when these critical energy sources peak and decline. The Atlas also summarizes the history and political circumstances of each country to assess the impact on oil and gas production and reserves. It contrasts the First Half of the Oil Age, which saw the rapid expansion of the world economy, allowing the population to grow six-fold, with the Second Half, which will witness a general contraction as these easy, high-density energy supplies dwindle. The transition threatens to be a time of great economic, financial and political tensions. The Atlas, which has been compiled and updated by prominent geologist, former oil company executive, and oil analyst Colin Campbell since the 1960s, addresses the need for a reliable and comprehensive database on a subject essential to governments, industry, academia, and the population as a whole as we attempt to adapt to these critically changing circumstances.

Energy, Transport, & the Environment
Energy, Transport, & the Environment

Author: Oliver Inderwildi

Publisher: Springer Science & Business Media

Published: 2012-03-04

Total Pages: 719

ISBN-13: 1447127161

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Sustainable mobility is a highly complex problem as it is affected by the interactions between socio-economic, environmental, technological and political issues. Energy, Transport, & the Environment: Addressing the Sustainable Mobility Paradigm brings together leading figures from business, academia and governments to address the challenges and opportunities involved in working towards sustainable mobility. Key thinkers and decision makers approach topics and debates including: · energy security and resource scarcity · greenhouse gas and pollutant emissions · urban planning, transport systems and their management · governance and finance of transformation · the threats of terrorism and climate change to our transport systems. Introduced by a preface from U.S. Secretary Steven Chu and an outline by the editors, Dr Oliver Inderwildi and Sir David King, Energy, Transport, & the Environment is divided into six sections. These sections address and explore the challenges and opportunities for energy supply, road transport, urban mobility, aviation, sea and rail, as well as finance and economics in transport. Possible solutions, ranging from alternative fuels to advanced urban planning and policy levers, will be examined in order to deepen the understanding of currently proposed solutions within the political realities of the dominating economic areas. The result of this detailed investigation is an integrated view of sustainable transport for both people and freight, making Energy, Transport, & the Environment key reading for researchers, decision makers and policy experts across the public and private sectors.

Global Economic and Environmental Aspects of Biofuels
Global Economic and Environmental Aspects of Biofuels

Author: David Pimentel

Publisher: CRC Press

Published: 2012-04-02

Total Pages: 457

ISBN-13: 1439834636

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Biofuels and food are dependent on the same resources for production: land, water, and energy. The conjuncture of food, energy, and climate crises demands a new direction in how to harness agriculture to the joint tasks of energy-saving, emissions reduction, and food security. Global Economic and Environmental Aspects of Biofuels focuses on the all-important question of the efficacy of biofuels as a solution to the global energy problem. Written by a distinguished team from five countries and multiple disciplines including agronomy, petroleum engineering, ecology, and meteorology, the book addresses the use of biofuels produced from crops and various organic materials as alternatives or supplements to petroleum. Key Features Discusses biofuels within the context of the world population problem, food, malnutrition, resource depletion, and climate change Asks the critical question whether the production of ethanol from corn, sugar cane, crop residues, and other organic materials has proven too costly in both economic and environmental terms Analyzes the uses and interdependencies among land, water, and fossil energy resources in food versus biofuel production Includes case studies on the economic and environmental impacts of biofuel production and use from the United States, Europe, Brazil, and tropical environments Explores the future production of biodiesel and ethanol from salt-water algae and tropical palms, while recognizing the technological problems that must be resolved in processing these materials This book examines key environmental and economic issues associated with the production of ethanol as a fuel, from corn, sugar cane, crop residues, and other organic materials. It brings together the opinions of a number of U.S. scientists and experts from Spain, Italy, the United Kingdom, and Brazil, and highlights the remarkable agreement among the contributors on the pros and cons of biofuels as an answer to future petroleum shortages. This mix of contributors and opinions presents a well-rounded view of the subject that puts a spotlight on unresolved concerns and complexities that are often overlooked.