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The Oil Industry’s Vocabulary

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Abstract

Sometimes the language used in the oil industry and related organizations can seem confusing. However, when we discuss the future of oil it is important to understand this terminology. The International Energy Agency, IEA, is centrally important in discussions of future oil production. In the IEA’s World Energy Outlook report for 2010, WEO 2010, it gives detailed definitions of various terms used in the oil industry [1]. We use these definitions when we discuss oil and the future:

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References

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Correspondence to Kjell Aleklett .

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© 2012 Springer Science+Business Media New York

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Aleklett, K. (2012). The Oil Industry’s Vocabulary. In: Peeking at Peak Oil. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-3424-5_6

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