Rob M. (caladan) reviewed Blood of the Earth: The Battle for the World's Vanishing Oil Resources on + 54 more book reviews
A pretty good history of the oil industry and how they are facing the inevitable decline of oil as the world slowly switches to other technologies. There will always be a market for oil based products, but with the loss of the huge transportation techs (cars/trucks/aircraft/ships, etc.), oil is facing huge drop in demand. How are they facing it? Saudi Arabia and others are branching out to other technologies to invest it, but some in the industry have their heads buried in the sand rushing to extract every drop of oil as fast as they can before the demand drops. Is there enough oil to last until the switch? Probably, but it is getting harder to extract.
