The Coming Oil Crisis

The history and current status of the important oil industry are reviewed in this study of the geological origins of oil and gas. Assessed are how much oil and gas has been produced, what remains in known fields, and what is yet to be found, revealing how to properly interpret published numbers, many of which are false or distorted by vested interests. The contention is made that the growing Middle East control of the market is likely to lead to a radical and permanent increase in the price of oil before physical shortages begin to appear within the first decade of the 21st century. The book further argues that the coming oil crisis will create economic and political discontinuity of historic proportions as the world adjusts to a new energy environment.