Peak Oil and the Second Great Depression (2010-2030) PDF ePub eBook

Books Info:

Peak Oil and the Second Great Depression (2010-2030) free pdf Peak Oil is the point of maximum global oil production. In Peak Oil and the Second Great Depression (2010-2030), the author argues that the likely peak in global oil production occurred in the period 2005-2008, due to the peaking of Saudi Arabian oil production during that time. The evidence of a peak in Saudi crude oil production in 2008 is presented and discussed in some detail. The most significant piece of evidence of a Saudi peak in production in 2008 was the inability of Saudi oil ministers to increase production in the period 2005 to 2008 despite record crude oil prices and the drilling of thousands of new wells in Saudi Arabia's seven major oil fields. Because it could not increase production in the face of rising global demand, Saudi Arabia was unable to prevent a spike in the price of oil to around $150 a barrel. A dramatic economic contraction in the developed economies ensued. In the years ahead, it is argued, continued economic growth in the developing world including China will put upward pressure on the price of oil, which will create severe economic difficulties for the indebted developed economies such as the US which rely on imported energy. The book examines the likely policy responses of American statesmen and central bankers to the economic difficulties created by very high prices for petroleum. Oil at very high and indeed painful prices in the face of already historic levels of personal and governmental indebtedness, it is argued, will create large scale unemployment on levels not seen since the (First) Great Depression as expenditures for foreign oil dramatically reduce spending available for the domestic economy. The author argues that the policy response to the economic difficulties will be to create a general rise in the price level to reduce the burden of the existing debt on households, businesses and governmental entities. As prices, and especially wages, rise, domestic spending will recover and unemployment will be reduced, although this process could take several decades. Very significant inflation will likely be necessary to prevent an even more severe drop in employment and output in the economy than that we are already experiencing given the magnitude of the shock to the economy created by continued declines in global oil production. The inflation thus created, as well as the other dramatic changes in the economy as a result of Peak Oil, will alter the approach that would optimally be taken by investors and those wishing to preserve savings. The issues of asset allocation and sector weighting are explored together with alternative investments in commodities and real estate. The focus is primarily on domestic equities, but a rather unusual sector weighting strategy is proposed as most likely to produce positive results during two decades that will otherwise be most disappointing for the investing public. Peak Oil will also create opportunities for speculation which are explored in the final chapters of the book.

About Kenneth D Worth

However, at this time we simply can't provide you with specifics of your Author Kenneth D Worth. However this doesn't mean that people fail for my child variety. We also request that you simply allow us within this make any difference. In case you have down time and need may exceptionally appreciate should you tell all of us your details. When receiving this kind of responses and data through customers regarding the Peak Oil and the Second Great Depression (2010-2030) Author Kenneth D Worth, we first the woman check. Once all of us be sure that almost all correct, simply submit it. We all understand why assist in addition to many thanks in advance.

Details Book

Author : Kenneth D Worth
Publisher : Outskirts Press
Data Published : 30 June 2010
ISBN : 143276084X
EAN : 9781432760847
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 90 pages
Age + : 15 years
Language : English
Rating :

Reviews Peak Oil and the Second Great Depression (2010-2030)



17 Comments Add a comment




Related eBooks Download


  • Economic Decision Making Using Cost Data free pdfEconomic Decision Making Using Cost Data

    According to economic theory. production and costs follow patterns that are common to many firms. In a world of perfect information. managers could utilize this cost data to make production decisions and set prices..


  • Economic Development in the Middle East and North Africa free pdfEconomic Development in the Middle East and North Africa

    The economies in the Middle East and North Africa (MENA) are characterized by public sector dominance in economic activity that ensures a large part of domestic production and relies on domestic financing resources..


  • Economic Development in the Middle East and North Africa free pdfEconomic Development in the Middle East and North Africa

    The economies in the Middle East and North Africa (MENA) are characterized by public sector dominance in economic activity that ensures a large part of domestic production and relies on domestic financing resources..


  • China's Role in Global Economic Recovery free pdfChina's Role in Global Economic Recovery

    This book presents a wide-ranging assessment of the current state of China's economy in relation to the global international economy. It discusses the role China has played in responding to the economic crisis- assesses the continuing strong prospects for further economic growth in China- and examines China's deepening integration into the world economy..


  • Production Chemicals for the Oil and Gas Industry, Second Edition free pdfProduction Chemicals for the Oil and Gas Industry, Second Edition

    Production chemistry issues result from changes in well stream fluids. both liquid and gaseous. during processing. Since crude oil production is characterized by variable production rates and unpredictable changes to the nature of the produced fluids..


  • Peak Oil and the Second Great Depression (2010-2030) free pdfPeak Oil and the Second Great Depression (2010-2030)

    Harry Potter Books Download. Peak Oil is the point of maximum global oil production. In Peak Oil and the Second Great Depression (2010-2030), the author argues that the likely peak in global oil produ