Book Review: The Myth of the Oil Crisis
Look both ways before crossing the street. Terrorism is bad. Remember to flush after using the bathroom. The coffee is hot. Don’t let your children talk to strangers. Don’t drink the chemicals under the sink. Janus is awesome.
Sometimes the obvious has to be said. If you’re worried that one day in the near future the oil wells will dry up and there won’t be any more fuel left, I have a book for you to read. The Myth of the Oil Crisis by Robin M. Mills is a book that does an absolutely marvelous job at pointing out that which I hope is obvious to everyone: The end is not near. Stop panicking. Prices may be rising but it’s not like we’re “out” of oil.
When we use supply and demand to try to identify who to blame for high energy prices, people tend to look in a few key areas: How much reserves we have left, how much of that reserve we are pulling out of the ground, how much we can refine, how much we use, and how much we’re willing to pay for it. The Myth of the Oil Crisis takes the argument that dwindling reserves will result in a precipitous end to oil supply and eviscerates it in an artful, thorough way.
The Myth of the Oil Crisis is easy to read and straight to the point. It is filled with a clear and logical argument against the peak oil theory, realistic numbers, and a country by country analysis of production, reserves, and potential of every major oil producing region in the world. And while reading it won’t result in a life changing experience, if you are just beginning to study the energy problem in detail, The Myth of the Oil Crisis is a great place to start.


I’ve been reading a great deal about this lately. Sounds like a good addition to my research.
The latest I read was this article which deals mainly with the lack of practicality and ingenuity in both McCain and Obama’s energy plans.
The author asserts that we are no way near being independent of foreign oil, regardless of our investments in alternative energy, drilling, nuclear etc. (not that we shouldn’t move in that direction).
I tend to agree. Energy independence is a good goal, but it isn’t close at hand.
Anyways, it’s worth the read, and I’ll check this out (hopefully) next time I get down to the library.
Take care.