ISBN-13: 9781853837968 / Angielski / Miękka / 2001 / 304 str.
The chief concern of the oil industry in the first two decades of the 21st century will not be its availability but its acceptability. Having dominated the 20th century, playing a crucial role in industrial development, oil now faces an unprecedented series of challenges: as a major polluter, it faces competition from other energy sources - gas and renewables - and ever more stringent regulation and control, with higher taxes. Faced with these pressures, the oil companies are repositioning themselves as energy industries, and oil is certain to have a diminishing share in their portfolio of fuels. The implications are enormous, given the huge current dependence on oil of so much of industry and government revenue. This study analyzes the condition of the oil industry and the strategic challenges confronting it.