1. Understanding Unconventional Oil
- Author:
- Deborah Gordon
- Publication Date:
- 05-2012
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Conventional oil production has peaked and is now on a terminal, long-run global decline. However, contrary to conventional wisdom, which many embraced during back-to-back oil crises in the 1970s, oil is not running out. It is, instead, changing form—geographically, geologically, chemically, and economically.
- Topic:
- Economics, Globalization, Markets, Oil, and Science and Technology