Energy and the Financial System (Record no. 96690)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 04603nam a22005775i 4500 |
| 001 - CONTROL NUMBER | |
| control field | 978-3-319-04238-1 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | DE-He213 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20140220082843.0 |
| 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 |
| 024 7# - OTHER STANDARD IDENTIFIER | |
| Standard number or code | 10.1007/978-3-319-04238-1 |
| Source of number or code | doi |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HG1-9999 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HG4501-6051 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HG1501-HG3550 |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | KFF |
| Source | bicssc |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | KFFK |
| Source | bicssc |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | BUS027000 |
| Source | bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | BUS004000 |
| Source | bisacsh |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 657.8333 |
| Edition number | 23 |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 658.152 |
| Edition number | 23 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Boyd, Roger. |
| Relator term | author. |
| 245 10 - TITLE STATEMENT | |
| 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. |
| 264 #1 - | |
| -- | Cham : |
| -- | Springer International Publishing : |
| -- | Imprint: Springer, |
| -- | 2013. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | VII, 80 p. 12 illus. in color. |
| Other physical details | online resource. |
| 336 ## - | |
| -- | text |
| -- | txt |
| -- | rdacontent |
| 337 ## - | |
| -- | computer |
| -- | c |
| -- | rdamedia |
| 338 ## - | |
| -- | online resource |
| -- | cr |
| -- | rdacarrier |
| 347 ## - | |
| -- | text file |
| -- | |
| -- | rda |
| 490 1# - SERIES STATEMENT | |
| Series statement | 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 financial system acts as a time machine, pulling perceptions of the future into the present through such mechanisms as stock price/earnings multiples and assumptions about borrowers’ ability to pay back loans. The functioning of these mechanisms is critically dependent upon the perception of continued and perhaps limitless, economic growth. However, this growth has been and will continue to be, critically dependent upon abundant supplies of cheap energy. The era of such abundance is coming to an end, with much more expensive and lower production rate energy sources replacing the cheap and high production rate depleting ones. As an example, the Energy Return on Investment (EROI) for oil production has fallen from 30:1 in the 1970s to under 10:1 today, leaving less net energy and higher energy costs for all sectors of the economy. In the past few years the rapid growth of China and India has been possible only with the rapid exploitation of their coal reserves. The energy dependence of the financial system is also shown in the drop in oil demand in recession-impacted OECD countries. For reasons from relatively low EROI to the need for massive amounts of path dependent energy infrastructure, no other energy source can seamlessly substitute for the 87% of global energy supplies now provided by fossil fuels. Without sufficient energy-fueled growth, financial assets will crash, not in the future but when a future of no growth becomes accepted by a significant number of financial players. Pension funds, insurance companies, banks and personal portfolios will be decimated in a short period as this acceptance takes hold, just the same way that the acceptance of falling U.S. house prices and failing sub-prime loans quickly crashed the financial system in 2008. There will be no full recovery now or in the future, as the problem is one of physical geology and thermodynamics rather than just a malfunctioning financial or political system. This book addresses what these circumstances mean for the financial system, wealth and in a negative feedback loop, the constraints that a broken financial system will place upon investments in new sources of energy. Written by a senior manager with a quarter century of experience in the banking industry, the book also describes how this crisis will affect countries and regions differently and the career and investment choices which may provide a relative safe harbor. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economics. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Engineering economy. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Endogenous growth (Economics). |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Environmental economics. |
| 650 14 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economics/Management Science. |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Finance/Investment/Banking. |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Energy Policy, Economics and Management. |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Energy Economics. |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economic Growth. |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Fossil Fuels (incl. Carbon Capture). |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| 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 |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Uniform title | SpringerBriefs in Energy, |
| -- | 2191-5520 |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://dx.doi.org/10.1007/978-3-319-04238-1 |
| 912 ## - | |
| -- | ZDB-2-ENE |
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