In 2005, David left the BBC to write
The Last Oil Shock (John Murray Ltd, 2007).
David Strahan is a former BBC business correspondent and author of
The Last Oil Shock (John Murray, 2008)
Likewise, if peak oil has not yet arrived, what I call
the last oil shock certainly has.
When I sought guidance on what happened on the roads after
the last oil shocks, Matt Wald, my longtime colleague and expert on all things that move, sent a link to federal data showing that indeed, driving declined after the 1979 oil disruption, but then resumed its long upward march.
Not exact matches
Among the three price
shocks (GST, exchange rate and
oil prices), only the
last was a pure textbook «supply - side»
shock.
The headline GDP figures suggest the
oil shock has been bigger and longer -
lasting than the Bank thought, which augurs in favour of a rate cut — just to be safe.
Last year, Claudia Roth, deputy speaker of the German parliament, expressed
shock that NATO is allowing Turkey to harbour an ISIS camp in Istanbul, facilitate weapons transfers to Islamist militants through its borders, and tacitly support IS
oil sales.
But annual growth figures go back far further and show a far longer period of growth - a quarter - century's worth,
lasting from the end of the second world war to the first
oil shock of the seventies.
Whether such a quantity can be produced from tar sands and
oil shale at a price near (never mind below) $ 30 per barrel is highly uncertain, but more suggestive of Lomborgs confusion in any case is that the price he mentions is higher (according to his own Figure 65) than the price of
oil has been for any prolonged period in the
last 120 years except for 1979 - 86, in the aftermath of the second (1979) Arab - OPEC
oil - price
shock.3 This means resources of tar sands and
oil shale that would be economically exploitable only at prices around $ 30 per barrel are in fact more expensive than
oil has been for nearly all of the
last century.
What started in the lab during the
oil shocks is now blooming and what is needed is deployment rather than basic research or the development that has occured in the
last three decades.
Renewable Energy World For at least the
last 40 years, since the
oil shocks in the 1970s, dealing with fossil fuel subsidies has been on the international agenda.
Just like the
Oil shocks of the 70's that drove both these groups into renewable energy, last years oil shock has seen a huge investment in R&D and manufacturing, especially in Singapore, California, Germany and Jap
Oil shocks of the 70's that drove both these groups into renewable energy,
last years
oil shock has seen a huge investment in R&D and manufacturing, especially in Singapore, California, Germany and Jap
oil shock has seen a huge investment in R&D and manufacturing, especially in Singapore, California, Germany and Japan.