Do you dare to read without limits?
Add this book to bookshelf
Grey
Write a new comment Default profile 50px
Grey
Read online the first chapters of this book!
All characters reduced
Crude Volatility - The History and the Future of Boom-Bust Oil Prices - cover

Crude Volatility - The History and the Future of Boom-Bust Oil Prices

Robert McNally

Publisher: Columbia University Press

  • 0
  • 0
  • 0

Summary

As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. 
Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

Other books that might interest you

  • Serpentine - The True Story of a Serial Killer's Reign of Terror from Europe to South Asia - cover

    Serpentine - The True Story of a...

    Thomas Thompson

    • 1
    • 3
    • 0
    New York Times Bestseller: The nightmare odyssey of a charismatic serial killer and a trail of terror stretching halfway around the world.  There was no pattern to the murders, no common thread other than the fact that the victims were all vacationers, robbed of their possessions and slain in seemingly random crimes. Authorities across three continents and a dozen nations had no idea they were all looking for same man: Charles Sobhraj, aka “The Serpent.”   A handsome Frenchman of Vietnamese and Indian origin, Sobhraj targeted backpackers on the “hippie trail” between Europe and South Asia. A master of deception, he used his powerful intellect and considerable sex appeal to lure naïve travelers into a life of crime. When they threatened to turn on him, Sobhraj murdered his acolytes in cold blood. Between late 1975 and early 1976, a dozen corpses were found everywhere from the boulevards of Paris to the slopes of the Himalayas to the back alleys of Bangkok and Hong Kong. Some police experts believe the true number of Sobhraj’s victims may be more than twice that amount.  Serpentine is the “grotesque, baffling, and hypnotic” true story of one of the most bizarre killing sprees in modern history (San Francisco Chronicle). Edgar Award–winning author Thomas Thompson’s mesmerizing portrait of a notorious sociopath and his helpless prey “unravels like fiction, but afterwards haunts the reader like the document it is” (The Plain Dealer, Cleveland).
    Show book
  • Creative Mythology - cover

    Creative Mythology

    Joseph Campbell

    • 0
    • 1
    • 0
    Explore the power of myth as it exploded from medieval Europe into the modern world
     
    In this fourth volume of The Masks of God — Joseph Campbell's major work of comparative mythology — the pre-eminent mythologist looks at the birth of the modern, individualistic mythology as it developed in Europe beginning in the twelfth century A.D. up through the modernist art of the twentieth century.
     
    The Masks of God is a four-volume study of world religion and myth that stands as one of Joseph Campbell's masterworks. On completing it, he wrote: 
     
    Its main result for me has been the confirmation of a thought I have long and faithfully entertained: of the unity of the race of man, not only in its biology, but also in its spiritual history, which has everywhere unfolded in the manner of a single symphony, with its themes announced, developed, amplified and turned about, distorted, reasserted, and today, in a grand fortissimo of all sections sounding together, irresistibly advancing to some kind of mighty climax, out of which the next great movement will emerge.
     
    This new digital edition, part of the Collected Works of Joseph Campbell series, includes over forty new illustrations.
     
    (Comparative Mythology: Christianity, Middle Ages, Renaissance, Arthurian Romance, Modernism)
    Show book
  • The Fall of English France 1449–53 - cover

    The Fall of English France 1449–53

    David Nicolle

    • 0
    • 1
    • 0
    Despite the great English victories at Crécy, Poitiers and Agincourt, the French eventually triumphed in the Hundred Years War. This book examines the last campaign of the war, covering the great battles at Formigny in 1450 and Castillon in 1453, both of which hold an interesting place in military history. The battle of Fornigny saw French cavalry defeat English archers in a reverse of those earlier English victories, while Castillon became the first great success for gunpowder artillery in fixed positions. Finally, the book explains how the seemingly unmartial King Charles VII of France all but drove the English into the sea, succeeding where so many of his predecessors had failed.
    Show book
  • Spetsnaz - Russia’s Special Forces - cover

    Spetsnaz - Russia’s Special Forces

    Mark Galeotti

    • 0
    • 1
    • 0
    When the shadowy, notorious Spetsnaz were first formed, they drew on a long Soviet tradition of elite, behind-the-lines commando forces from World War II and even earlier. Throughout the 1960s–70s they were instrumental both in projecting Soviet power in the Third World and in suppressing resistance within the Warsaw pact. As a powerful, but mysterious tool of a world superpower, the Spetsnaz have inevitably become the focus of many 'tall tales' in the West. In this book, a peerless authority on Russia's military Special Forces debunks several of these myths, uncovering truths that are often even more remarkable. Now, since the chaotic dissolution of the USSR and the two Chechen Wars, Russian forces have seen increasing modernization, involving them ever more in power-projection, counter-insurgency and anti-terrorism and the Spetsnaz have been deployed as a spearhead in virtually all of these operations. This book offers a unique, absorbing guide to the secrets of the Spetsnaz, their most noteworthy missions and personalities, but is also packed with details such as orders-of-battle, equipment and operational doctrine.
    Show book
  • The Great Islamic Conquests AD 632–750 - cover

    The Great Islamic Conquests AD...

    David Nicolle

    • 0
    • 1
    • 0
    Few centuries in world history have had such a profound and long-lasting impact as the first hundred years of Islamic history. In this book, David Nicolle examines the extensive Islamic conquests between AD 632 and 750. These years saw the religion and culture of Islam erupt from the Arabian Peninsula and spread across an area far larger than that of the Roman Empire. The effects of this rapid expansion were to shape European affairs for centuries to come. This book examines the social and military history of the period, describing how and why the Islamic expansion was so successful.
    Show book
  • The List - A Week-by-Week Reckoning of Trump’s First Year - cover

    The List - A Week-by-Week...

    Amy Siskind

    • 0
    • 1
    • 0
    The shocking first-draft history of the Trump regime, and its clear authoritarian impulses, based on the viral Internet phenom "The Weekly List". 
     
    In the immediate aftermath of Donald Trump's election as president, Amy Siskind, a former Wall Street executive and the founder of The New Agenda, began compiling a list of actions taken by the Trump regime that pose a threat to our democratic norms. Under the headline: "Experts in authoritarianism advise to keep a list of things subtly changing around you, so you'll remember", Siskind's "Weekly List" began as a project she shared with friends, but it soon went viral and now has more than half a million viewers every week. 
     
    Compiled in one volume for the first time, The List is a first draft history and a comprehensive accounting of Donald Trump's first year. Beginning with Trump's acceptance of white supremacists the week after the election and concluding a year to the day later, we watch as Trump and his regime chips away at the rights and protections of marginalized communities, of women, of us all, via Twitter storms, unchecked executive action, and shifting rules and standards. The List chronicles not only the scandals that made headlines but just as important, the myriad smaller but still consequential unprecedented acts that otherwise fall through cracks. It is this granular detail that makes The List such a powerful and important book. 
     
    For everyone hoping to #resistTrump, The List is a must-have guide to what we as a country have lost in the wake of Trump's election. #Thisisnotnormal
    Show book