Keywords
Citation
Stern, J., Selley, N., Mitchell, J. and Morita, K. (2001), "The New Economy of Oil: Impacts on Business, Geopolitics and Society", Environmental Management and Health, Vol. 12 No. 4, pp. 444-445. https://doi.org/10.1108/emh.2001.12.4.444.1
Publisher
:Emerald Group Publishing Limited
The global oil industry is an exceptionally complex one, and its importance to governments, business and society as a whole is immense. The New Economy of Oil aims to set out the challenges and choices ahead, and it makes an interesting read.
The authors in this book look at the new elements which may influence, or indeed determine, the shape of the oil industry, the behaviour of the main actors, the forces of supply and demand, and the price path. The forward look is well anchored in the constants which have characterized developments in the past 20 or 30 years. Although it is now fashionable to refer to “a world beyond petroleum”, the authors wisely avoid spin. This book raises a host of issues for debate and further thoughts.