The Shock of Energy Transition

Business & Finance
Cover of the book The Shock of Energy Transition by Fouad Saad, Partridge Publishing Singapore
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Author: Fouad Saad ISBN: 9781482864953
Publisher: Partridge Publishing Singapore Publication: April 6, 2016
Imprint: Partridge Publishing Singapore Language: English
Author: Fouad Saad
ISBN: 9781482864953
Publisher: Partridge Publishing Singapore
Publication: April 6, 2016
Imprint: Partridge Publishing Singapore
Language: English

We now are witnessing the dawn of an energy era where natural gas and renewable sources are fast substituting for crude oil, once dubbed Black Gold. From now on Black Gold is only as precious as coal. This paradigm shift is sure to relegate some countries that rely mostly on the sale of primary fossil fuels to abject poverty, while knowledge based economies grope their way to prosperity. The shock of this energy transition threatens to have devastating repercussions on the Middle East and Africa.

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We now are witnessing the dawn of an energy era where natural gas and renewable sources are fast substituting for crude oil, once dubbed Black Gold. From now on Black Gold is only as precious as coal. This paradigm shift is sure to relegate some countries that rely mostly on the sale of primary fossil fuels to abject poverty, while knowledge based economies grope their way to prosperity. The shock of this energy transition threatens to have devastating repercussions on the Middle East and Africa.

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