Book details

Book description

The petroleum sector is possibly the largest and most dominant economic sector in the globalized economy. However, for reasons explored in this book, although none of the existing economic development models fit this sector in the past and apply even less today, no satisfactory alternative has presented itself.  This book highlights the important reasons why current models fail to predict energy pricing with reasonable accuracy, and ventures into environmental and other problems with oil and gas production and associated economic decisions mounting across both developed as well as developing economies. Gary M. Zatzman is a researcher with the EEC Research Organisation, in Halifax NS, Canada, a multinational community of researchers from various fields in engineering, social science, and the natural sciences researching ways for industry to become sustainable, both from an economic and environmental standpoint. With this latest work, the author synthesizes decades of industry and teaching experience and dozens of papers and books into a work that breaks new ground in the discussion of sustainability in the energy sector.