The Age of Oil: The Mythology, History, and Future of the World's Most Controversial Resource

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ABC-CLIO, LLC, 2006 - 340 pages
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Oil is the most vital resource of our time, and because it is so important, misperceptions about the black gold abound. In this book, Maugeri clears the cobwebs by describing the colorful history of oil and explaining the fundamentals of oil production. He delivers a unique, fascinating, and controversial perspective on the industry as only an insider could. The history of the oil market has been marked, since its inception, by a succession of booms and busts, each one leading to the same psychological climax and flawed political decisions. In a single generation we've experienced the energy crisis of 1973, marked by long lines at the pump; the dramatic oil countershock of 1986; the oil collapse of 1998-99 that spurred the idea that oil had become "just another commodity"; and the sharp price increases following Hurricane Katrina's devastation in the Gulf of Mexico. Today we are experiencing a global oil boom that, paradoxically, seems to herald a gloomy era of scarcity combined with growing consumption and overshadowed by the threat from Islamic terrorism in the oil-rich Middle East. But the pessimists are wrong. Maugeri debunks the main myths surrounding oil in our times in the second part of his book. Are we running out of oil? What is the real impact of Islamic radicalism on oil-rich regions? By translating many of the technical concepts of oil productions into terms that the average reader can easily grasp, Maugeri answers these questions, concluding that the wolf is not at the door. We are facing neither a problem of oil scarcity, nor an upcoming oil blackmail by forces hostile to the West. Only bad political decisions driven by a distorted view of what our problems are, and who is to blame for them, can doom us to a gloomy oil future.

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The age of oil: the mythology, history, and future of the world's most controversial resource

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In today's discussions of the economic and geopolitical issues involving oil, separating fact from myth can be difficult. The authors of these books seek to debunk mythologies they perceive to be at ... Consulter l'avis complet

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