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The Lifecycle of Oil: Problems and Conflicts

In: Competition and Conflicts on Resource Use

Author

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  • Dirk Ipsen

    (IANUS, TU Darmstadt)

Abstract

There are four basic characteristics of the oil resource that have an impact on the working of the “oil system” and its governance: energy density and viscosity, oil as a hydrocarbon and related emissions, the geography of oil, and its non-renewable character. The following contribution shows that the interaction of these oil basics with the major societal and political trends of our times gives rise both to the dynamic growth of oil use and to two problems inherent in the oil system: the ambiguity of oil governance with its market and political rules and the conflict between oil dynamics and climate policies in a pre-peak oil period. My review of the relevant literature on oil history, oil politics, and the economics of oil is designed to facilitate the discussion of two main topics: the empirical relevance of the hypotheses on political versus market instability and the capability of the oil system to adjust to expected peak of oil production.

Suggested Citation

  • Dirk Ipsen, 2015. "The Lifecycle of Oil: Problems and Conflicts," Natural Resource Management and Policy, in: Susanne Hartard & Wolfgang Liebert (ed.), Competition and Conflicts on Resource Use, edition 127, chapter 0, pages 61-74, Springer.
    • Handle: RePEc:spr:nrmchp:978-3-319-10954-1_5
    DOI: 10.1007/978-3-319-10954-1_5
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