Financial Sense Newshour with Jim Puplava

The Myth of the Oil Crisis: Overcoming the Challenges of Depletion, Geopolitics, and Global Warming

Robin M. Mills

Senior Evaluation Manager, Dubai Energy

October 3, 2009

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The Myth of the Oil Crisis Cover ImageWhen oil was around $100 a barrel last year, drivers winced whenever they pulled into the gas station and businesses watched their bottom lines shrink. Watch out, say doomsayers, it will only get worse as oil dries up. It's a plausible argument, especially considering the rate at which countries like China and India are now sucking up oil. Even more troubling, the world's largest oil fields sit in geopolitical hotspots like Iran and Iraq. Some believe their nations need to secure remaining supplies using military force, while others consider dwindling supplies a blessing that will help solve the problem of global warming. But wait—is it really the end of oil? Absolutely not, says geologist, economist, and industry-insider Robin Mills.

There is no other book by an industry insider that effectively counters the peak oil theory by showing where and how oil will be found in the future. There also is no other book by an insider that lays out an environmentally and geopolitically responsible path for the petroleum industry and its customers. The Myth of the Oil Crisis, written in a lively style but with scientific rigor, is thus a uniquely useful resource for business leaders, policymakers, petroleum industry professionals, environmentalists, and anyone else who consumes oil. Best of all, it offers an abundance of one commodity now in short supply: hope for the future.

Robin M. Mills is an oil industry professional with a background in both geology and economics. Currently, he is Senior Evaluation Manager for Dubai Energy. Previously, he worked for Shell. Mills, who speaks Farsi and Arabic, is a member of the International Association for Energy Economics and Association of International Petroleum Negotiators. He holds a Master's Degree in Geological Sciences from Cambridge University.

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Robin M. Mills | Senior Evaluation Manager for Dubai Energy
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