Peak oil : a study of the phenomenon and possible effects and alternatives in Finland

This thesis studies a phenomenon called oil peak; what does it mean, what are the possible effects and consequenses in Finland. The theoretical framework covers facts about oil and energy, different theories from microeconomics all the way to different oil theories. It provides comprehensive informa...

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Bibliographic Details
Published in:Theseus (Ammattikorkeakoulujen)
Main Authors: Aleksi Rantanen, Lauri Stevens
Format: Article
Language:English
Published: 2012
Subjects:
Online Access:http://www.theseus.fi/bitstream/10024/53077/1/Thesis_complete.pdf
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Summary:This thesis studies a phenomenon called oil peak; what does it mean, what are the possible effects and consequenses in Finland. The theoretical framework covers facts about oil and energy, different theories from microeconomics all the way to different oil theories. It provides comprehensive information on the subject. \n \nThe empirical research includes two separate expert interviews with the aim of understanding peak oil and its effects in Finland from two different perspectives. The other expert coming from from private sector and the other expert from public sector. The research was conducted by using qualitative method and the questions were made mainly based on the theoretical framefork. \n \nMain findings of this study were that peak oil is recognized but experts still argue what does it mean practically; when is it going to happen or has it already happened. The era of cheap oil is coming to an end and it is time for Finland to investigate all possible solutions which could decrease our level of oil dependency.