The Oracle of Oil: A Maverick Geologist's Quest for a Sustainable Future


Book Description

The first comprehensive biography of Marion King Hubbert, the "father of peak oil." In 1956, geologist and Shell Oil researcher Marion King Hubbert delivered a speech that has shaped world energy debates ever since. Addressing the American Petroleum Institute, Hubbert dropped a bombshell on his audience: U.S. oil production would peak by 1970 and decline steadily thereafter. World production would follow the same fate, reaching its peak soon after the turn of the millennium. In battles stretching over decades, Hubbert defended his forecasts against opponents from both the oil industry and government. Hubbert was proved largely correct during the energy crises of the 1970s and hailed as a "prophet" and an "oracle." Even amid our twenty-first-century fracking boom, Hubbert’s underlying logic holds true—while remaining a source of debate and controversy. A rich biography of the man behind peak oil, The Oracle of Oil follows Hubbert from his early days as a University of Chicago undergraduate to his first, ill-fated forays into politics in the midcentury Technocracy movement, and charts his rise as a top geologist in the oil industry and energy expert within the U.S. government. In a deeply researched narrative that mines Hubbert's papers and correspondence for the first time, award-winning journalist Mason Inman rescues the story of a man who shocked the scientific community with his eccentric brilliance. The Oracle of Oil also skillfully situates Hubbert in his era: a time of great intellectual ferment and discovery, tinged by dark undercurrents of intellectual witch hunts. Hubbert emerges as an unapologetic iconoclast who championed sustainability through his lifelong quest to wean the United States—and the wider world—off fossil fuels, as well as by questioning the pursuit of never-ending growth. In its portrait of a man whose prescient ideas still resonate today, The Oracle of Oil looks to the past to find a guiding philosophy for our future.




The Oracle of Oil


Book Description

The first comprehensive biography of Marion King Hubbert, the "father of peak oil." In 1956, geologist and Shell Oil researcher Marion King Hubbert delivered a speech that has shaped world energy debates ever since. Addressing the American Petroleum Institute, Hubbert dropped a bombshell on his audience: U.S. oil production would peak by 1970 and decline steadily thereafter. World production would follow the same fate, reaching its peak soon after the turn of the millennium. In battles stretching over decades, Hubbert defended his forecasts against opponents from both the oil industry and government. Hubbert was proved largely correct during the energy crises of the 1970s and hailed as a "prophet" and an "oracle." Even amid our twenty-first-century fracking boom, Hubbert’s underlying logic holds true—while remaining a source of debate and controversy. A rich biography of the man behind peak oil, The Oracle of Oil follows Hubbert from his early days as a University of Chicago undergraduate to his first, ill-fated forays into politics in the midcentury Technocracy movement, and charts his rise as a top geologist in the oil industry and energy expert within the U.S. government. In a deeply researched narrative that mines Hubbert's papers and correspondence for the first time, award-winning journalist Mason Inman rescues the story of a man who shocked the scientific community with his eccentric brilliance. The Oracle of Oil also skillfully situates Hubbert in his era: a time of great intellectual ferment and discovery, tinged by dark undercurrents of intellectual witch hunts. Hubbert emerges as an unapologetic iconoclast who championed sustainability through his lifelong quest to wean the United States—and the wider world—off fossil fuels, as well as by questioning the pursuit of never-ending growth. In its portrait of a man whose prescient ideas still resonate today, The Oracle of Oil looks to the past to find a guiding philosophy for our future.




Sustainable Energy Transitions


Book Description

This textbook introduces the key concepts that underpin sustainable energy transitions. Starting with the basic biophysical principles, current sources and environmental consequences of existing energy resource use, the book takes readers through the key questions and topics needed to understand, prescribe, and advocate just and sustainable energy solutions. The interdisciplinary nature of the book aims to build bridges across the social and natural sciences and humanities, bringing together perspectives, ideas and concepts from engineering, economics, and life cycle assessment to sociology, political science, anthropology, policy studies, the humanities, arts, and some interdisciplinary thinkers that defy categories. This accessible approach fills the gap for a textbook that integrates sustainability science and engineering studies with strong empirical social science and it will be a useful tool to anyone interested in the socio-ecological dimensions of energy system transitions.




The Economics of Oil


Book Description

This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived “fracking revolution,” but enough to be able to claim that “peak oil” was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy./div”Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In today’s economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, “tight oil” and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. “Drill baby drill” and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable.




Burn Out


Book Description

An energy revolution is under way with far-reaching consequences for nations, companies, and the way we address climate change Low oil prices are sending shockwaves through the global economy, and longtime industry observer Dieter Helm explains how this and other shifts are the harbingers of a coming energy revolution and how the fossil fuel age will come to an end. Surveying recent surges in technological innovations, Helm’s provocative new book documents how the global move toward the internet-of-things will inexorably reduce the demand for oil, gas, and renewables—and prove more effective than current efforts to avert climate change. Oil companies and energy utilities must begin to adapt their existing business models or face future irrelevancy. Oil-exporting nations, particularly in the Middle East, will be negatively impacted, whereas the United States and European countries that are investing in new technologies may find themselves leaders in the geopolitical game. Timely and controversial, this book concludes by offering advice on what governments and businesses can and should do now to prepare for a radically different energy future.




The Economic Superorganism


Book Description

Energy drives the economy, economics informs policy, and policy affects social outcomes. Since the oil crises of the 1970s, pundits have debated the validity of this sequence, but most economists and politicians still ignore it. Thus, they delude the public about the underlying influence of energy costs and constraints on economic policies that address such pressing contemporary issues as income inequality, growth, debt, and climate change. To understand why, Carey King explores the scientific and rhetorical basis of the competing narratives both within and between energy technology and economics. Energy and economic discourse seems to mirror Newton’s 3rd Law of Motion: For every narrative there is an equal and opposite counter-narrative. The competing energy narratives pit "drill, baby, drill!" against renewable technologies such as wind and solar. Both claim to provide secure, reliable, clean, and affordable energy to support economic growth with the most benefit to society, but how? To answer this question, we need to understand the competing economic narratives, techno-optimism and techno-realism. Techno-optimism claims that innovation overcomes any physical resource constraints and enables the social outcomes and economic growth we desire. Techno-realism, in contrast, states that no matter what energy technologies we use, feedbacks from physical growth on a finite planet constrain economic growth and create an uneven distribution of social impacts. In The Economic Superorganism, you will discover stories, data, science, and philosophy to guide you through the arguments from competing narratives on energy, growth, and policy. You will be able to distinguish the technically possible from the socially viable, and understand how our future depends on this distinction.




Chemistry for Sustainable Technologies 2nd Edition


Book Description

Following the success of the first edition, this fully updated and revised book continues to provide an interdisciplinary introduction to sustainability issues in the context of chemistry and chemical technology. Its prime objective is to equip young chemists (and others) to more fully to appreciate, defend and promote the role that chemistry and its practitioners play in moving towards a society better able to control, manage and ameliorate its impact on the ecosphere. To do this, it is necessary to set the ideas, concepts, achievements and challenges of chemistry and its application in the context of its environmental impact, past, present and future, and of the changes needed to bring about a more sustainable yet equitable world. Progress since 2010 is reflected by the inclusion of the latest research and thinking, selected and discussed to put the advances concisely in a much wider setting - historic, scientific, technological, intellectual and societal. The treatment also examines the complexities and additional challenges arising from public and media attitudes to science and technology and associated controversies and from the difficulties in reconciling environmental protection and global development. While the book stresses the central importance of rigour in the collection and treatment of evidence and reason in decision-making, to ensure that it meets the needs of an extensive community of students, it is broad in scope, rather than deep. It is, therefore, appropriate for a wide audience, including all practising scientists and technologists. Extracts from reviews of the first edition: 'The book forms the basis for a superb training course on sustainability from a chemist's viewpoint, and a wonderful introduction to the subject for undergraduates and postgraduates... this unique book is highly recommended reading for all chemists' Trevor Laird, Org. Process Res. Dev., 2013, 17(7), 991 'I would even go so far as to recommend this to any serious graduate or undergraduate scientist as a must read' David Harwood, Reviews: A Guide to Publications in the Physical Sciences, 2011, 12(1), 9




A History of the Future


Book Description

A wide-ranging survey of predictions about the future development and impact of science and technology through the twentieth century.




Energy in American History


Book Description

"Contextualizes and analyzes the key energy transitions in U.S. history and the central importance of energy production and consumption on the American environment and in American culture and politics"--




Economic Report of the President


Book Description

"The Economic Report of the President provides valuable information about the present state of the U.S. economy and its future course. The Economic Report is issued by the Executive Office of the President and the Council of Economic Advisers and transmitted to Congress no later than 10 days after the submission of the Budget of the United States Government... For more than 70 years, the Economic Report has provided a nearly contemporaneous record of how administrations have interpreted economic developments, the motivation for policy actions, and the results of those interventions. Included in the Economic Report of the President is the Annual Report of the Council of Economic Advisers. Each year, the Council of Economic Advisers submits this report on its activities during the previous calendar year in accordance with the requirements of the Congress as set forth in section 10(d) of the Employment Act of 1946 as amended by the Full Employment and Balanced Growth Act of 1978." --Amazon.com.