volume 27, issue 1, P68-91 2011
DOI: 10.1093/oxrep/grr003
View full text
|
|
Share

Abstract: Energy policy has frequently been based upon assumptions about future oil prices. At the end of the 1970s it was assumed oil prices would continue to rise. Now a similar assumption pervades policy design. This article critiques the peak oil hypotheses which lie behind these forecasts and policy beliefs, and considers that, from a climate change perspective, the challenge is too much not too little fossil fuel reserves. The coming of shale gas, its fungibility with oil via the electrification of transport, alon…

expand abstract