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050  4 HD9502.A2 -- .L333 2015eb 
082 0  333.79 
100 1  Lacalle, Daniel 
245 14 The Energy World Is Flat :|bOpportunities from the End of 
       Peak Oil 
250    1st ed 
264  1 New York :|bJohn Wiley & Sons, Incorporated,|c2015 
264  4 |c©2015 
300    1 online resource (314 pages) 
336    text|btxt|2rdacontent 
337    computer|bc|2rdamedia 
338    online resource|bcr|2rdacarrier 
505 0  Cover -- Title Page -- Copyright -- Contents -- Disclaimer
       -- Chapter 1 The Mother of All Battles. The Flattening and
       Globalization of the Energy World -- Nuclear politics -- 
       The sustained spike in natural gas prices -- Fracking and 
       the collapse in US natural gas prices -- US tight oil -- 
       Geopolitics and high crude oil prices -- Expensive oil, 
       cheap natural gas -- The market does not attack, it 
       defends itself -- Winners and losers -- Chapter 2 Lessons 
       from the Internet Revolution and the Dotcom Bubble -- The 
       bubble path -- Technological revolutions that increase 
       supply. The "game changers" -- High expectations attract 
       large amounts of capital -- Excessive expectations for 
       demand growth result in overcapacity -- Think "against the
       box" -- The strategic premium results in overcapacity -- 
       Overcapacity eventually reprices assets and the cost of 
       services -- New technologies displace older and more 
       expensive ones -- New technologies increase competition 
       and create deflationary forces -- The bubble accelerated 
       the impact of the revolution -- Timing: there is no such 
       thing as a crystal ball -- Investors must avoid the growth
       mirage and value traps -- Lessons not to forget -- Chapter
       3 The 10 Forces that are Flattening the Energy World -- Is
       the energy world flat? -- Chapter 4 Flattener #1 - 
       Geopolitics: The Two Sides of the Energy Security Coin -- 
       The oil weapon -- The revenge of the oil economy -- The 
       Arab Spring -- Iraq 2014, the crisis that brought prices .
       . . down! -- The Venezuelan Spring -- Reserve nationalism 
       and barriers of entry -- The gas weapon -- Russia versus 
       Ukraine and the west? -- Ukraine shale gas -- The 
       annexation of Crimea -- Europe needs Russia's gas . . . 
       but for how long? -- Notes -- Chapter 5 Flattener #2 - The
       Energy Reserves and Resources Glut -- What energy 
       scarcity? -- Reserves and resources 
505 8  Crude oil concentration, but no shortage -- OPEC almighty 
       -- Reserve protectionism -- Marginal cost of production --
       The "unconventional" resources -- Discoveries vs. 
       additions: "can we rely on finding new oil fields?" -- 
       Sorry, no peak oil -- Peak oil is a myth -- The spirit of 
       peak oil -- No Peak Gas Either -- Gas formulas: "Water at 
       Coca-Cola prices" -- Finally an Asian benchmark -- Let's 
       buy Africa! -- Notes -- Chapter 6 Flattener #3 - 
       Horizontal Drilling and Fracking -- Never bet against an 
       engineer -- Technology increases volume -- Innovation vs. 
       imitation -- "Fracking" and horizontal drilling -- Myths 
       and realities of shale gas and tight oil -- What 
       environmental impact? -- What contamination of drinking 
       water aquifers? -- What flow back? -- How about water 
       scarcity? -- What induced seismic activity? -- What 
       methane migration? -- Are horizontal drilling and fracking
       commercially viable? -- Are governments supportive of 
       fracking? -- How about shale gas and tight oil in China? -
       - What about the EROEI of shale gas? -- Notes -- Chapter 7
       Flattener #4 - The Energy Broadband -- Pipelines open new 
       markets -- Pipelines are very capital- and time-intensive 
       investments -- The Eurasian continental network -- LNG and
       the globalization of natural gas -- From regional to 
       global -- LNG super-cycle -- The winners and losers of the
       big asset write-off -- Solid methane -- Storage 
       bottlenecks and commodity islands -- The high watermark 
       and volatility dampeners -- Global strategic petroleum 
       reserves -- Shipping, floating pipelines and storage -- 
       The boom and bust of shipping -- Debottlenecking and super
       -backwardation -- Notes -- Chapter 8 Flattener #5 - 
       Overcapacity -- Déjà-Vu -- Diplomatic demand outlook -- 
       Saudi Arabia heavy sour crude oil -- Location, location, 
       location -- Pro-cyclical behaviour -- Notes 
505 8  Chapter 9 Flattener #6 - Globalization, Industrialization,
       and Urbanization -- Testing the hypothesis of "Ever-
       Increasing" demand -- Demographic trend #1. The global 
       population is growing, but at a slower pace -- Population 
       growth vs. economic growth vs. energy demand growth -- The
       "Diplomatic" demand clause -- Notes -- Chapter 10 
       Flattener #7 - Demand Destruction -- More with less -- The
       "Invisible Hand" of efficiency -- The "Visible Hand" of 
       efficiency -- Note -- Chapter 11 Flattener #8 - Demand 
       Displacement -- The Battle for Transportation Demand -- 
       What the production engineers missed -- The "Challengers" 
       -- Biofuels -- Natural gas -- Bi-fuel engines -- Coal to 
       liquids (CTL) and gas to liquids (GTL) -- Electric 
       vehicles (EVs) and hybrids (HEVs) -- Air transportation --
       Sea transportation -- The end of crude oil's monopoly in 
       transportation -- #1 Upfront cost -- #2 Running cost -- #3
       Range and convenience -- The "Chicken and Egg" of 
       Refuelling Stations -- Re-fuelling at home -- #4 
       Performance -- #5 Environment and subsidies -- #6 Safety -
       - #7 Security of supply -- The new frontier: hydrogen fuel
       -- "Who killed the electric car?" -- #1 Government bail-
       outs and subsidies -- #2 The tax cash cow -- #3 The wrong 
       model for the industry? -- The Battle for Electricity and 
       Industrial Demand -- Future fuel mix -- The Energy Domino 
       -- Natural gas displaces coal in power generation -- US 
       natural gas displaces diesel in transportation -- Solar 
       displaces crude oil for power generation in Saudi Arabia -
       - Renewables displace natural gas from peak power demand -
       - The "visible hand" of environmental regulation displaces
       coal -- The "visible hand" of politics displaces nuclear -
       - The transmission to equity valuations -- Notes -- 
       Chapter 12 Flattener #9 - Regulation and Government 
       Intervention -- The role of the government -- Regulation 
       vs. free markets 
505 8  The virtuous mix of regulation and free markets -- The 
       vicious mix of regulation and politics -- Carrot and stick
       -- Privatization and deregulation are not the same -- 
       Independence of the regulator -- The political cycle is 
       too short -- The War on Pollution and Coal -- The war on 
       pollution -- The war on coal -- Technology vs. pollution -
       - Regulatory constraints to coal plants -- Coal subsidies 
       -- The clean and dirty spreads -- Second order effects 
       from cheap coal -- The world of coal is flat -- Renewable 
       Energy and the Disinflation of Power Prices -- Negative 
       electricity prices -- The collapse in the valuation of 
       European utilities -- Renewables have changed the rules of
       power generation -- Implications from the new rules -- Are
       retail consumers better off? -- The world of wind power is
       becoming flat -- Don Quixote's windmills -- Wind power -- 
       Wind competitiveness -- The world of solar power is far 
       from flat -- Germany and the European Union love affair 
       with solar -- The debacle of solar equities -- What went 
       wrong? -- Marginal cost of solar PV is getting cheaper -- 
       Solar leasing and green bonds -- Biofuels and Food 
       Inflation -- Energy security in disguise -- The 
       "regulatory carrot" -- The "regulatory stick" -- Renewable
       Identification Numbers (RINs) -- The "ethanol blend wall" 
       -- Food inflation and inequality -- Shortages and physical
       hoarding as flatteners -- Energy efficiency of biofuels --
       Meat prices: "corn with legs" -- The super-cycle of 
       farmland and agricultural logistical infrastructure -- 
       Genetically modified crops -- A flatter agricultural world
       -- Notes -- Chapter 13 Flattener #10 - Fiscal, Monetary, 
       and Macroeconomic Flatteners -- The "OPEC put" -- At what 
       level would OPEC stop defending the price? -- The Btu that
       broke OPEC's back -- Energy consumption in producing 
       countries -- Mortgaged future production -- The paradox of
505 8  The Oil Tax Weapon -- Consumer governments addicted to oil
       taxes -- Consumer governments hostage of oil subsidies -- 
       Government defence budgets -- Marshmallow behaviour -- 
       Let's change the tax rules -- Monetary Experiments and the
       Credit Risk Time Bomb -- Monetary experiments -- Black 
       gold -- The race to the bottom -- The generational debate 
       -- The monetary time bomb of credit risk -- Financial 
       Flows. Let's Blame the Speculators -- Politicians and 
       regulators pass the blame -- Causality -- Market 
       manipulation -- Investor blow-ups -- Value at risk -- 
       Notes -- Chapter 14 Implications and Opportunities in the 
       Financial Markets -- Concluding Remarks -- Notes -- 
       Appendix For A Competitive European Energy Policy -- Index
       -- EULA 
520    A stronger, more informed approach to the energy markets 
       The Energy World Is Flat provides a forward-looking 
       analysis of the energy markets and addresses the 
       implications of their rapid transformation. Written by 
       acknowledged expert Daniel Lacalle, who is actively 
       engaged with energy portfolios in the financial space, 
       this book is grounded in experience with the world of high
       -stakes finance, and relays a realist's perspective of the
       current and future state of the energy markets. Readers 
       will be brought up to date on the latest developments in 
       the area, and learn the strategies that allow investors to
       profit from these developments. An examination of the 
       markets' history draws parallels between past and current 
       shifts, and a discussion of technological advancements 
       helps readers understand the issues driving these changes.
       Energy has always been at the forefront of the economic 
       agenda, being both the key to and a driver for development
       and growth. Its centrality to the world of finance makes 
       it imperative for investors and analysts to understand the
       energy markets, irrespective of where on the wide range of
       energy spectrum observers they fall. The Energy World Is 
       Flat is a guide to the past, present, and future of these 
       crucial markets, and the strategies that make them 
       profitable. These include: Understanding the state of the 
       energy markets, including key developments and changes 
       Discovering the ten pillars of a successful energy 
       investment strategy Reviewing the history of the energy 
       markets to put recent changes into perspective Learning 
       which technologies are driving the changes, and how it 
       will affect investors The recent energy market changes 
       were both unexpected and so fundamental in nature that 
       they represent a true shift in the energy macro- and 
       microeconomic landscape. Investors and analysts seeking a 
       stronger approach to these markets 
520 8  need the expert guidance provided by The Energy World Is 
588    Description based on publisher supplied metadata and other
590    Electronic reproduction. Ann Arbor, Michigan : ProQuest 
       Ebook Central, 2020. Available via World Wide Web. Access 
       may be limited to ProQuest Ebook Central affiliated 
650  0 Energy security.;Energy consumption.;Petroleum 
       reserves.;Petroleum industry and trade.;Energy industries 
655  4 Electronic books 
700 1  Parrilla, Diego 
776 08 |iPrint version:|aLacalle, Daniel|tThe Energy World Is 
       Flat : Opportunities from the End of Peak Oil|dNew York : 
       John Wiley & Sons, Incorporated,c2015|z9781118867976 
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