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A Sustainable BioeconomyLegacy of Petroleum-Based Economy

A Sustainable Bioeconomy: Legacy of Petroleum-Based Economy [During the industrial revolution of the nineteenth century, the use of coal as fuel set the “train” of progress in motion, which definitely induced a significant improvement in the living standards. After several discoveries, inventions, and innovations, the use of crude oil, the so-called black gold, enabled humanity to reach a higher level of prosperity, especially so between the end of the second World War and the oil embargo crisis. Currently, crude oil is the most traded commodity in the world market and is the main feedstock to produce a wide range of fuels and products such as plastics, textile fibers, dyes, etc.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Sustainable BioeconomyLegacy of Petroleum-Based Economy

Sillanpää, Mika; Ncibi, Chaker
Springer Journals — Apr 14, 2017
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26 pages

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Publisher
Springer International Publishing
Copyright
© Springer International Publishing AG 2017
ISBN
978-3-319-55635-2
Pages
1 –27
DOI
10.1007/978-3-319-55637-6_1
Publisher site
See Chapter on Publisher Site

Abstract

[During the industrial revolution of the nineteenth century, the use of coal as fuel set the “train” of progress in motion, which definitely induced a significant improvement in the living standards. After several discoveries, inventions, and innovations, the use of crude oil, the so-called black gold, enabled humanity to reach a higher level of prosperity, especially so between the end of the second World War and the oil embargo crisis. Currently, crude oil is the most traded commodity in the world market and is the main feedstock to produce a wide range of fuels and products such as plastics, textile fibers, dyes, etc.]

Published: Apr 14, 2017

Keywords: Gross Domestic Product; American Petroleum Institute; West Texas Intermediate; Petroleum Consumption; Despotic Regime

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