Burn out : the endgame for fossil fuels /

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Bibliographic Details
Author / Creator:Helm, Dieter, author.
Imprint:New Haven : Yale University Press, [2017]
Description:1 online resource
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12540934
Hidden Bibliographic Details
ISBN:9780300227994
030022799X
9780300225624
0300225628
9780300234480 (pbk)
0300234481 (pbk)
Digital file characteristics:text file
Notes:Includes bibliographical references and index.
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Print version record.
Summary:An energy revolution is under way with far-reaching consequences for nations, companies, and the way we address climate change. Low oil prices are sending shockwaves through the global economy, and longtime industry observer Dieter Helm explains how this and other shifts are the harbingers of a coming energy revolution and how the fossil fuel age will come to an end. Surveying recent surges in technological innovations, Helm's provocative new book documents how the global move toward the internet-of-things will inexorably reduce the demand for oil, gas, and renewables--and prove more effective than current efforts to avert climate change. Oil companies and energy utilities must begin to adapt their existing business models or face future irrelevancy. Oil-exporting nations, particularly in the Middle East, will be negatively impacted, whereas the United States and European countries that are investing in new technologies may find themselves leaders in the geopolitical game. Timely and controversial, this book concludes by offering advice on what governments and businesses can and should do now to prepare for a radically different energy future.
Other form:Print version: Helm, Dieter. Burn out. New Haven : Yale University Press, [2017] 9780300225624
Review by Choice Review

To this reviewer, Burn Out implies eventual fossil fuel exhaustion and consequent rising prices. To Helm (New College, Oxford and Univ. of Oxford, UK) it means falling prices, with massive investment losses. Fossil fuel needs will diminish, leaving them buried. The author writes that "Prices may revert to the pattern of the 100 years between 1870 and 1970." Sentences like this are frequent and offer unsubstantiated assumptions. Helm does not recognize the finitude of fossil fuels or renewable sources, which is evident in the following statement: "As long as the energy is low-carbon, who cares about reducing energy demand ...?" The book presents much information about past and present global energy supplies (not all correct or complete), and many speculations about the future. There are useful graphs of oil prices and production, but these are often inconsistent with the text. The work assumes that new, unknown technologies will supplant current, inadequate renewable energy supplies. However, the text provides a useful history and projects the future of nations and corporations, emphasizing differences between political responses to global climate threats and actual actions. It is difficult to recommend this book because of its many unsubstantiated or confusing statements. Yet, it has useful data and historical information, which might be beneficial. Summing Up: Optional. All readers. --Alvin M. Saperstein, Wayne State University

Copyright American Library Association, used with permission.
Review by Choice Review