ABSTRACT
This book is for people involved with oil as consumers, competitors, commentators, investors, managers, politicians and regulators. It examines corporate, social and environmental challenges and argues that the chief concern about oil over the next 20 years will be its acceptability, not its availability. The book reviews conventional energy projections, focusing on issues of transportation, oil reserves and growing markets for gas. It argues that there is unlikely to be any sustained increase in fossil fuel prices over this period. Traditional ‘oil’ issues such as security are giving way to ‘new’ issues such as environmental and social behaviour in a context of changes in technology and increasing the globalization of competitive markets for all types of energy. The resulting challenges for the industries concerned, for national governments and for value-driven non-government groups are identified.
