The chief concern of the oil industry over the next 20 years will not be oils availability, but its acceptability. Oil now faces an unprecedented series of challenges. As a major polluter, it faces competition from other energy sources - gas and renewables - and 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 industry and government revenue. The book is of importance to all those involved with oil - from industry professionals to competitors, commentators, investors, managers, politicians and regulators.
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