Crude Volatility : The History and the Future of Boom-Bust Oil Prices.
McNally, Robert.
Crude Volatility : The History and the Future of Boom-Bust Oil Prices. - 1st ed. - 1 online resource (336 pages) - Center on Global Energy Policy Series . - Center on Global Energy Policy Series .
Intro -- Table of Contents -- Preface -- Acknowledgments -- Author's Note -- Introduction: The Texas Paradox -- I. The Long Struggle for Stability: 1859-1972 -- 1. And Then There Was Light: From Chaos to Order in the Kerosene Era (1859-1911) -- 2. No Rockefeller, No Peace: Boom-Bust Returns -- 3. Why Are Oil Prices Prone to Boom-Bust Cycles? -- 4. The Texas Era of Price Stability: U.S. Supply Controls and International Cartelization (1934-1972) -- II. The OPEC Era: 1973-2008 -- 5. The Birth of OPEC: 1960-1969 -- 6. OPEC Takes Control from Texas and the Seven Sisters: 1970-1980 -- 7. OPEC's Rude Awakening: 1981-1990 -- 8. OPEC Muddles Through: 1991-2003 -- 9. Twilight: OPEC's Power to Prevent Price Spikes Ebbs and Vanishes: 2004-2008 -- 10. Oil's Third Boom-Bust Era: 2009-? -- Epilogue -- Notes -- Bibliography -- Index.
Crafting an engrossing journey from the Pennsylvania oil fields of the 1860s to today's Middle East, Crude Volatility shows how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Robert McNally explains how oil became so central to our world and why it is subject to such extreme price fluctuations.
9780231543682
Petroleum industry and trade--United States--History.
Electronic books.
HD9565.M363 2017
338.2328
Crude Volatility : The History and the Future of Boom-Bust Oil Prices. - 1st ed. - 1 online resource (336 pages) - Center on Global Energy Policy Series . - Center on Global Energy Policy Series .
Intro -- Table of Contents -- Preface -- Acknowledgments -- Author's Note -- Introduction: The Texas Paradox -- I. The Long Struggle for Stability: 1859-1972 -- 1. And Then There Was Light: From Chaos to Order in the Kerosene Era (1859-1911) -- 2. No Rockefeller, No Peace: Boom-Bust Returns -- 3. Why Are Oil Prices Prone to Boom-Bust Cycles? -- 4. The Texas Era of Price Stability: U.S. Supply Controls and International Cartelization (1934-1972) -- II. The OPEC Era: 1973-2008 -- 5. The Birth of OPEC: 1960-1969 -- 6. OPEC Takes Control from Texas and the Seven Sisters: 1970-1980 -- 7. OPEC's Rude Awakening: 1981-1990 -- 8. OPEC Muddles Through: 1991-2003 -- 9. Twilight: OPEC's Power to Prevent Price Spikes Ebbs and Vanishes: 2004-2008 -- 10. Oil's Third Boom-Bust Era: 2009-? -- Epilogue -- Notes -- Bibliography -- Index.
Crafting an engrossing journey from the Pennsylvania oil fields of the 1860s to today's Middle East, Crude Volatility shows how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Robert McNally explains how oil became so central to our world and why it is subject to such extreme price fluctuations.
9780231543682
Petroleum industry and trade--United States--History.
Electronic books.
HD9565.M363 2017
338.2328