Is the world running out of oil?" This book analyzes predictions of global oil depletion in the context of science, history, and economics. There has been continuing alarm about the imminent exhaustion of earth?s non–renewable resources. Yet, the world has never run out of any significant, globally traded, non–renewable resource. Is the world finally facing a non–renewable resource depletion catastrophe, or is the current concern just another one of a succession of panics? In this book, key assumptions underlying arguments in the global oil–depletion debate are first summarized and then challenged. Facts about oil supply, production, and consumption are made accessible using concise and simple graphics. Concepts of resource depletion, end–use needs, technology leap–frogging, efficiency, and substitution are used to evaluate historical patterns of exploitation of non–renewable resources and to explore what history suggests about our future dependence on oil. This book is aimed at a...

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