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The Impending Oil Shock 

Author: Nader Elhefnawy - Nader Elhefnawy currently teaches at the University of Miami. He has previously published on international and security issues in journals including Astropolitics, International Security and Parameters.
DOI: 10.1080/00396330802034242
Publication Frequency: 6 issues per year
Published in: journal Survival, Volume 50, Issue 2 April 2008 , pages 37 - 66
Formats available: PDF (English)
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Abstract

The peak-oil theory asserts that oil production follows a bell-shaped curve, rising exponentially early on, hitting a peak and then declining terminally. As world oil production reaches its peak, energy importers will enjoy somewhat greater political weight; the economic balance of power among major industrial states will change according to their relative abilities to adapt to a scarcity of fossil fuels; and there will be increased risk of state failure, resource conflict and even nuclear-energy-related problems. These dangers might be minimised through national and international programmes designed to rapidly maximise energy efficiency and promote non-fossil-fuel energy sources.
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