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Energy and the Financial System (Record no. 29309)

000 -LEADER
fixed length control field 04491nam a22005175i 4500
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20140310154016.0
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field cr nn 008mamaa
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 140129s2013 gw | s |||| 0|eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9783319042381
978-3-319-04238-1
050 #4 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HG1-9999
Classification number HG4501-6051
Classification number HG1501-HG3550
082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 657.8333
Edition number 23
Classification number 658.152
Edition number 23
264 #1 -
-- Cham :
-- Springer International Publishing :
-- Imprint: Springer,
-- 2013.
912 ## -
-- ZDB-2-ENE
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Boyd, Roger.
Relator term author.
245 10 - IMMEDIATE SOURCE OF ACQUISITION NOTE
Title Energy and the Financial System
Medium [electronic resource] :
Remainder of title What Every Economist, Financial Analyst, and Investor Needs to Know /
Statement of responsibility, etc by Roger Boyd.
300 ## - PHYSICAL DESCRIPTION
Extent VII, 80 p. 12 illus. in color.
Other physical details online resource.
440 1# - SERIES STATEMENT/ADDED ENTRY--TITLE
Title SpringerBriefs in Energy,
International Standard Serial Number 2191-5520
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Chapter 1. The Nature of the Problem -- Chapter 2. It takes Energy to get Energy -- Chapter 3. It’s the flow stupid! -- Chapter 4. A Financial System Addicted to Exponential Growth -- Chapter 5. So What Can I Do? -- Index.
520 ## - SUMMARY, ETC.
Summary, etc The modern financial system was developed to support the rapid economic growth that took off about 200 years ago with the phenomenal amounts of cheap energy made available through the exploitation of fossil fuels. As a result, its viability is completely dependent upon the continuation of that growth. Unfortunately, the more recent fossil fuel discoveries, especially for oil, have tended to have lower production levels than earlier ones. In addition, greater amounts of energy are required to extract the fossil fuels leading to less net energy available for society. The Energy Return On Investment (EROI) for oil has fallen from 30:1 in the 1970's to 10:1 today. Thus, newer energy finds produce lower extraction rates and more of the energy provided is offset by the energy used in the extraction processes. The result has been economic stagnation or even contraction, with growth in China and India etc. only possible due to the extensive use of local coal reserves, and recession-induced drops in OECD country energy use. Renewable sources of energy will not be able to expand fast enough to replace the 87% of energy supplies provided by fossil fuels, and apart from hydro and wind, tend to have very low EROI rates. They are also critically dependent upon the cheap energy infrastructure provided by fossil fuels. The phenomenal amounts of path-dependent energy infrastructure will also greatly inhibit any move away from fossil fuels. Without continued economic growth there will not be the extra output to fund loan interest payments, nor the revenue and profit growth to support share price/earnings multiples. The financial system acts as a time machine, creating asset prices based upon perceptions of the future. As an increasing percentage of investors come to accept the future reality of at best, financial asset prices will fall to reflect a realistic future. The resulting crash will remove the underpinnings of the banking, brokerage, mutual fund, pension fund, and insurance industries. The comfortable futures of many will be shown to have been based upon a mirage of future growth that will not take place. With the financial system acting as the critical coordination system of the global economy, its crash will also intensify economic problems. Written by a retired financial industry executive with over 25 years of experience, this book describes how the crisis will affect different regions and industries to help identify the career and investment choices which may provide a relative safe harbour.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Economics.
Topical term or geographic name as entry element Engineering economy.
Topical term or geographic name as entry element Endogenous growth (Economics).
Topical term or geographic name as entry element Environmental economics.
Topical term or geographic name as entry element Economics/Management Science.
Topical term or geographic name as entry element Finance/Investment/Banking.
Topical term or geographic name as entry element Energy Policy, Economics and Management.
Topical term or geographic name as entry element Energy Economics.
Topical term or geographic name as entry element Economic Growth.
Topical term or geographic name as entry element Fossil Fuels (incl. Carbon Capture).
Topical term or geographic name as entry element Environmental Economics.
710 2# - ADDED ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element SpringerLink (Online service)
773 0# - HOST ITEM ENTRY
Title Springer eBooks
776 08 - ADDITIONAL PHYSICAL FORM ENTRY
Display text Printed edition:
International Standard Book Number 9783319042374
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://dx.doi.org/10.1007/978-3-319-04238-1
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Item type E-Book
Copies
Price effective from Permanent location Date last seen Not for loan Date acquired Source of classification or shelving scheme Koha item type Damaged status Lost status Withdrawn status Current location Full call number
2014-03-29AUM Main Library2014-03-29 2014-03-29 E-Book   AUM Main Library657.8333
Languages: 
English |
العربية