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In 2001, Kenneth Deffeyes made a grim prediction: world oil production would reach a peak within the next decade--and there was nothing anyone could do to stop it. Deffeyes's claim echoed the work of geophysicist M. King Hubbert, who in 1956 predicted that U.S. oil production would reach its highest level in the early 1970s. Though roundly criticized by oil experts and economists, Hubbert's prediction came true in 1970. In this updated edition of Hubbert's Peak, Deffeyes explains the crisis that few now deny we are headed toward. Using geology and economics, he shows how everything from the rising price of groceries to the subprime mortgage crisis has been exacerbated by the shrinking supply--and growing price--of oil. Although there is no easy solution to these problems, Deffeyes argues that the first step is understanding the trouble that we are in.
This book considers the development of oil flows in the Mediterranean area. This involves a full consideration of major suppliers and potential producers. In the downstream phase of the industry the book evaluates the evolution of the refining industry, and the stresses caused by environmental concerns and poor profitability. It also assesses the role of the Mediterranean in the world system.
The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. Dealing with world oil production peaking will be extremely complex, involve literally trillions of dollars and require many years of intense effort. To explore these complexities, three alternative mitigation scenarios are analysed: scenario I assumes that action is not initiated until peaking occurs; scenario II assumes that action is initiated 10 years before peaking; scenario III assumes action is initiated 20 years before peaking. For this analysis estimates of the possible contributions of each mitigation option were developed, based on an assumed crash program rate of implementation.
Natural Gas: A Basic Handbook, Second Edition provides the reader with a quick and accessible introduction to a fuel source/industry that is transforming the energy sector. Written at an introductory level, but still appropriate for engineers and other technical readers, this book provides an overview of natural gas as a fuel source, including its origins, properties and composition. Discussions include the production of natural gas from traditional and unconventional sources, the downstream aspects of the natural gas industry. including processing, storage, and transportation, and environmental issues and emission controls strategies. This book presents an ideal resource on the topic for engineers new to natural gas, for advisors and consultants in the natural gas industry, and for technical readers interested in learning more about this clean burning fuel source and how it is shaping the energy industry. - Updated to include newer sources like shale gas - Includes new discussions on natural gas hydrates and flow assurance - Covers environmental issues - Contain expanded coverage of liquefied natural gas (LNG)
“A stunning piece of work—perhaps the best single book ever produced about our energy economy and its environmental implications” (Bill McHibbon, The New York Review of Books). Petroleum is so deeply entrenched in our economy, politics, and daily lives that even modest efforts to phase it out are fought tooth and nail. Companies and governments depend on oil revenues. Developing nations see oil as their only means to industrial success. And the Western middle class refuses to modify its energy-dependent lifestyle. But even by conservative estimates, we will have burned through most of the world’s accessible oil within mere decades. What will we use in its place to maintain a global economy and political system that are entirely reliant on cheap, readily available energy? In The End of Oil, journalist Paul Roberts talks to both oil optimists and pessimists around the world. He delves deep into the economics and politics, considers the promises and pitfalls of oil alternatives, and shows that—even though the world energy system has begun its epochal transition—we need to take a more proactive stance to avoid catastrophic disruption and dislocation.
The definitive guide to petroleum hydrocarbon fuel spill and leak causes, prevention, response, and cost recovery Oil Spills and Gas Leaks highlights the complex nature of petroleum hydrocarbon fuel extraction methods, the unintended consequences when disasters occur, spill behavior, and environmental impact mitigation. This practical resource discusses engineering techniques; long-term biological and environmental effects; dealing with insurance claims, litigation, and legislation in overlapping jurisdictions; and much more. Featuring global case studies and best practices, this timely volume provides an in-depth understanding of how oil spills and gas leaks occur and describes the most effective environmental assessment, remediation, and restoration options available to respond to these industrial accidents. Coverage includes: The role of petroleum hydrocarbon fuels in society Geology and geochemistry of oil and gas deposits Oil and gas well drilling and production issues Hydraulic fracturing for shale gas and oil Behavior of oil spills in various environments Behavior of gas leaks in various environments Assessment of spills and leaks Toxicity issues and exposure pathways Subsurface investigations Sampling strategies and remedial approaches Sampling methods on land and offshore Prevention, oversight, and mitigation Remediation of oil spills Case histories and cost recovery Oil spills and wildlife Oil spills and safety issues Conclusions and recommendations