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This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades.
It contains a wealth of data in tables and figures that illustrate South Africa's oil dependencies and vulnerabilities to oil shocks.
This work executes a unique transdisciplinary methodology building on the authorΓÇÖs previous book, A UserΓÇÖs Guide to the Crisis of Civilization: And How to Save it (Pluto, 2010), which was the first peer-reviewed study to establish social science framework for the integrated analysis of crises across climate, energy, food, economic, terror and the police state. Since the 2008 financial crash, the world has witnessed an unprecedented outbreak of social unrest in every major continent. Beginning with the birth of the Occupy movement and the Arab Spring, the eruption of civil disorder continues to wreak havoc unpredictably from Greece to Ukraine, from China to Thailand, from Brazil to Turkey, and beyond. Yet while policymakers and media observers have raced to keep up with events, they have largely missed the biophysical triggers of this new age of unrest ΓÇô the end of the age of cheap fossil fuels, and its multiplying consequences for the EarthΓÇÖs climate, industrial food production, and economic growth. Contrary to widely reported claims across mainstream media of a new era of prosperity heralded by the shale boom, the proliferation of contemporary climate, food and economic crises have at their root the common denominator of a fundamental and permanent disruption in the energy basis of industrial civilization. This inevitable energy transition, which will be completed well before the close of this century, entails a paradigm shift in the organization of civilization. Yet for this shift to result in a viable new way of life will require a fundamental epistemological shift recognizing humanityΓÇÖs embeddedness in the natural world. For this to be achieved, the stranglehold of conventional models achieved through the hegemony of establishment media reporting ΓÇô dominated by fossil fuel interests ΓÇô must be broken. Although the book offers a rigorous academic analysis, it is written in a clean, journalistic style to ensure readability and accessibility to a general audience. It will contain a large number of graphical illustrations concerning oil production data, population issues, the food price index, economic growth and debt, and other related issues to demonstrate the interconnections and correlations across key sectors.
The modern financial system was developed to support the rapid economic growth that took off about 200 years ago with the phenomenal amounts of cheap energy made available through the exploitation of fossil fuels.
The Energy Return on Energy Invested (EROI or EROEI) is the amount of energy acquired from a particular energy source divided by the energy expended, or invested, in obtaining that energy.
Although this transportation revolution has allowed many of us to fill our homes with global goods even a past emperor would envy, our era of abundance, and the freight transport system in particular, is predicated on the affordability and high energy density of a single fuel, oil.
This book deals with the immediate effects of, and response to, Hurricane María on the social, ecological, and technological systems (SETS) of Puerto Rico. The SETS approach to analyzing hurricane effects places into historical context the role of social and technological factors, and compares social and ecological resilience on the same temporal scales. Written from the perspective of a Puerto Rican scientist who experienced Maria's wrath first-hand, the book uses extensive empirical knowledge of the ecological effects of hurricanes on Caribbean forests and combines that knowledge with a detailed analysis of the effects of Hurricane María on the social and technological fabric of Puerto Rico.The comparison suggests that the effects of extreme events are dictated not only by the strength of the physical event, but also by the conditions of affected SETS at the time when the event exerts influence over them. Moreover, SETS have historical legacies that influence how resilient they can be when affected by an extreme event. Therefore, preparation and response to extreme events require an integrated social, ecological, and technological effort, known as the SETS response. The SETS response requires an understanding of the energetics of extreme events and their effects on the economy, which in turn determines social and technological resilience. Hurricane María demonstrated that the social and technological systems of Puerto Rico were not adapted to dealing with extreme events, in contrast with the ecological systems, which were. Hurricane María's effect on Puerto Rico can be used as an example from which valuable lessons emerge for making SETS more adaptable and resilient to extreme events.
The Chinese Oil Industry: History and Future presents a wealth of tables and figures with new data on Chinese fossil fuel production and consumption, together with a peak oil model to forecast future trends in energy supply and demand.
With a focus on rooftop solar, energy storage, grid integration, and electricity system issues, Energy in Australia offers valuable insights into the practical challenges of solar power.
Neoclassical growth theory is the dominant perspective for explaining economic growth.
"The Limits to Growth" (Meadows, 1972) generated unprecedented controversy with its predictions of the eventual collapse of the world's economies.
Petroleum fuels and feedstocks are responsible for much of what we take for granted in modern society, from chemical products such as fertilizer and plastics, to the energy that moves people and goods in a global economy. This book provides a perspective and overview of today's energy reality and its enormous economic and social implications.
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