TY - BOOK AU - McNally,Robert TI - Crude Volatility: The History and the Future of Boom-Bust Oil Prices T2 - Center on Global Energy Policy Series SN - 9780231543682 AV - HD9565.M363 2017 U1 - 338.2328 PY - 2017/// CY - New York PB - Columbia University Press KW - Petroleum industry and trade--United States--History KW - Electronic books N1 - 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 N2 - 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 UR - https://ebookcentral.proquest.com/lib/orpp/detail.action?docID=4749076 ER -