The Global Oil Market: Risks And Uncertainties

books:

	• The Global Oil Market: Risks And Uncertainties Anthony H. Cordesman, Khalid R. Al-Rodhan Center for Strategic & Intl Studies, 2006 - 168 pages average customer review:based on 3 reviews view larger image
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quick overview of world oil

If you are interested in a quick overview of the global oil situation, consider this book. It succinctly describes the major geopolitical uncertainties. But there is also a key uncertainty about the true amount of extractable oil remaining in the world. "Known" versus "undiscovered" versus "proven" figure prominently in this debate. Then there are uncertainties in how quickly existing oil fields will decline in production. These resource risks are separate from the geopolitical risks, but add to the latter. The text analyses the main oil producing countries. Looking at estimates of how much remaining oil each has, and at the stability of those societies.

The global gas scene is also studied. An industry that is a cousin to the oil business, and whose reserves may prove crucial in future years. One prospect for gas is in converting it to oil. Something hitherto not very prominent. But the drawing down of oil reserves might necessitate this one day.

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The Global Oil Market: Risks And Uncertainties

required reading as background history of oil to understand the future we need to understand the past to the best of our abilities

The goal of this study is to provide a risk assessment of the global oil market. Cordesman and Al-Rodhan study six major oil-producing regions of the world: the Middle East, Africa, Asia and the Pacific, Europe and Eurasia, North America, and South and Central America. In each case, the authors outline national oil developments and focus on four major areas of risks and uncertainties: macroeconomic fluctuations, geopolitical risks, oil production uncertainties, and the nature of resources.

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