Book Review of Oil Titans: National Oil Companies in the Middle East by Valerie Marcel
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Authors
Looney, Robert
Subjects
Advisors
Date of Issue
2006
Date
Autumn 2006
Publisher
Language
Abstract
The field of economics is littered with
numerous myths about energy, particularly
about oil. At the top of the list is the notion
of impending scarcity: because the earth's
reserves are finite, they will be exhausted at
some point in the future. In reality, if and
when the growth of oil consumption seriously
depletes reserves, the cost of extracting
oil will have risen to such a high level
that non-fossil energy sources will be used
in preference to oil and other remaining fossil
fuels - Europe's vast deposits of coal are
currently lying dormant for this very reason...
Type
Article
Description
Book review by Robert Looney on the book Oil Titans: National Oil Companies in the
Middle East, by Valerie Marcel.
Series/Report No
Department
National Security Affairs
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
ECONOMIC CONDITIONS: Oil Titans: National Oil Companies in the Middle East
Robert Looney, The Middle East Journal; Autumn 2006; 60, 4; Research Library
pg. 816
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.