Handbook of Energy Politics
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Handbook of Energy Politics

Edited by Jennifer I. Considine

Starting with the fundamentals of the global energy industry, Handbook of Energy Politics goes on to cover the evolution of capital and financial markets in the energy industry, the effects of technology, environmental issues and global warming and geopolitics. The book concludes by considering the future, including the lessons learned from history, where we are most likely to be heading and what steps we can take to mitigate potential energy risks. This Handbook will be an invaluable resource for upper level graduates and postgraduate scholars.
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Chapter 11: The Oil Age

Colin J. Campbell

Abstract

Oil and gas reserves have fuelled the economic expansion of the world for over a century. However, oil and gas are finite natural resources, and as such are subject to depletion. The remarkable oil-driven chapter of history is half over. The second half of the oil age will be marked by economic contraction, and a transition threatened by great tension. It is an important issue with far-reaching economic, social, financial and political consequences. But it is a complex topic, and the data needed for proper analysis are far from reliable. This article written in 2014 provides a useful background with which to analyse the unfolding recent events that affect the world, not all of which were foreseen in detail.

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