Examination of the international oil industry from an economic vantage point.

"In 2001, Kenneth Deffeyes made a grim prediction: oil production would reach a peak within the next decade - and there was nothing anyone could do to stop it." "In this updated edition of Hubbert's Peak, Deffeves 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, Deffeves argues that the first step is understanding the trouble that we are in."--BOOK JACKET.

This book describes and analyzes the geological basis for the current world petroleum situation. It explains the formation and accumulation of conventional and unconventional oil and gas and the methods used by geologists in the search for petroleum and petroleum-containing basins.