Crude Volatility

Crude Volatility

Author: Robert McNally

Publisher: Columbia University Press

Published: 2017-01-17

Total Pages: 336

ISBN-13: 0231543689

DOWNLOAD EBOOK

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.


Book Synopsis Crude Volatility by : Robert McNally

Download or read book Crude Volatility written by Robert McNally and published by Columbia University Press. This book was released on 2017-01-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Crude

Crude

Author: Sonia Shah

Publisher: Seven Stories Press

Published: 2011-01-04

Total Pages: 276

ISBN-13: 160980063X

DOWNLOAD EBOOK

Crude is the unexpurgated story of oil, from the circumstances of its birth millions of years ago to the spectacle of its rise as the indispensable ingredient of modern life. In addition to fueling our SUVs and illuminating our cities, crude oil and its byproducts fertilize our produce, pave our roads, and make plastic possible. "Newborn babies," observes author Sonia Shah, "slide from their mothers into petro-plastic-gloved hands, are swaddled in petro-polyester blankets, and are hurried off to be warmed by oil-burning heaters." The modern world is drenched in oil; Crude tells how it came to be. A great human drama emerges, of discovery and innovation, risk, the promise of riches, and the power of greed. Shah infuses recent twists in the story with equal drama, through chronicles of colorful modern-day characters — from the hundreds of Nigerian women who stormed a Chevron plant to a monomaniacal scientist for whom life is the pursuit of this earthblood and its elusive secret. Shah moves masterfully between scientific, economic, political, and social analysis, capturing the many sides of the indispensable mineral that we someday may have to find a way to live without.


Book Synopsis Crude by : Sonia Shah

Download or read book Crude written by Sonia Shah and published by Seven Stories Press. This book was released on 2011-01-04 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crude is the unexpurgated story of oil, from the circumstances of its birth millions of years ago to the spectacle of its rise as the indispensable ingredient of modern life. In addition to fueling our SUVs and illuminating our cities, crude oil and its byproducts fertilize our produce, pave our roads, and make plastic possible. "Newborn babies," observes author Sonia Shah, "slide from their mothers into petro-plastic-gloved hands, are swaddled in petro-polyester blankets, and are hurried off to be warmed by oil-burning heaters." The modern world is drenched in oil; Crude tells how it came to be. A great human drama emerges, of discovery and innovation, risk, the promise of riches, and the power of greed. Shah infuses recent twists in the story with equal drama, through chronicles of colorful modern-day characters — from the hundreds of Nigerian women who stormed a Chevron plant to a monomaniacal scientist for whom life is the pursuit of this earthblood and its elusive secret. Shah moves masterfully between scientific, economic, political, and social analysis, capturing the many sides of the indispensable mineral that we someday may have to find a way to live without.


Crude

Crude

Author: Pablo Fajardo

Publisher: Penn State Press

Published: 2021-04-08

Total Pages: 136

ISBN-13: 1637790120

DOWNLOAD EBOOK

Oil waste was everywhere—on the roads, in the rivers where they fished, and in the water that they used for bathing, cooking, and washing. Children became sick and died, cases of stomach cancer skyrocketed, and women miscarried or gave birth to children with congenital disorders. The American oil company Texaco—now part of Chevron—extracted its first barrel of crude oil from Amazonian Ecuador in 1972. It left behind millions of gallons of spilled oil and more than eighteen million gallons of toxic waste. In Crude, Ecuadorian lawyer and activist Pablo Fajardo gives a firsthand account of Texaco’s involvement in the Amazon as well as the ensuing legal battles between the oil company, the Ecuadorian government, and the region’s inhabitants. As a teenager, Fajardo worked in the Amazonian oil fields, where he witnessed the consequences of Texaco/Chevron’s indifference to the environment and to the inhabitants of the Amazon. Fajardo mobilized with his peers to seek reparations and in time became the lead counsel for UDAPT (Union of People Affected by Texaco), a group of more than thirty thousand small farmers and indigenous people from the northern Ecuadorian Amazon who continue to fight for reparations and remediation to this day. Eye-opening and galvanizing, Crude brings to light one of the least well-known but most important cases of environmental and racial injustice of our time.


Book Synopsis Crude by : Pablo Fajardo

Download or read book Crude written by Pablo Fajardo and published by Penn State Press. This book was released on 2021-04-08 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil waste was everywhere—on the roads, in the rivers where they fished, and in the water that they used for bathing, cooking, and washing. Children became sick and died, cases of stomach cancer skyrocketed, and women miscarried or gave birth to children with congenital disorders. The American oil company Texaco—now part of Chevron—extracted its first barrel of crude oil from Amazonian Ecuador in 1972. It left behind millions of gallons of spilled oil and more than eighteen million gallons of toxic waste. In Crude, Ecuadorian lawyer and activist Pablo Fajardo gives a firsthand account of Texaco’s involvement in the Amazon as well as the ensuing legal battles between the oil company, the Ecuadorian government, and the region’s inhabitants. As a teenager, Fajardo worked in the Amazonian oil fields, where he witnessed the consequences of Texaco/Chevron’s indifference to the environment and to the inhabitants of the Amazon. Fajardo mobilized with his peers to seek reparations and in time became the lead counsel for UDAPT (Union of People Affected by Texaco), a group of more than thirty thousand small farmers and indigenous people from the northern Ecuadorian Amazon who continue to fight for reparations and remediation to this day. Eye-opening and galvanizing, Crude brings to light one of the least well-known but most important cases of environmental and racial injustice of our time.


The New Kings of Crude

The New Kings of Crude

Author: Luke Patey

Publisher: Hurst

Published: 2014-10-15

Total Pages: 374

ISBN-13: 1849045380

DOWNLOAD EBOOK

In the past decade, the need for oil in Asia's new industrial powers, China and India, has grown dramatically. The New Kings of Crude takes the reader from the dusty streets of an African capital to Asia's glistening corporate towers to provide a first look at how the world's rising economies established new international oil empires in Sudan, amid one of Africa's longest-running and deadliest civil wars. For over a decade, Sudan fuelled the international rise of Chinese and Indian national oil companies. But the political turmoil surrounding the historic division of Africa's largest country, with the birth of South Sudan, challenged Asia's oil giants to chart a new course. Luke Patey weaves together the stories of hardened oilmen, powerful politicians, rebel fighters, and human rights activists to show how the lure of oil brought China and India into Sudan--only later to ensnare both in the messy politics of a divided country. His book also introduces the reader to the Chinese and Indian oilmen and politicians who were willing to become entangled in an African civil war in the pursuit of the world's most coveted resource. It offers a portrait of the challenges China and India are increasingly facing as emerging powers in the world.


Book Synopsis The New Kings of Crude by : Luke Patey

Download or read book The New Kings of Crude written by Luke Patey and published by Hurst. This book was released on 2014-10-15 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past decade, the need for oil in Asia's new industrial powers, China and India, has grown dramatically. The New Kings of Crude takes the reader from the dusty streets of an African capital to Asia's glistening corporate towers to provide a first look at how the world's rising economies established new international oil empires in Sudan, amid one of Africa's longest-running and deadliest civil wars. For over a decade, Sudan fuelled the international rise of Chinese and Indian national oil companies. But the political turmoil surrounding the historic division of Africa's largest country, with the birth of South Sudan, challenged Asia's oil giants to chart a new course. Luke Patey weaves together the stories of hardened oilmen, powerful politicians, rebel fighters, and human rights activists to show how the lure of oil brought China and India into Sudan--only later to ensnare both in the messy politics of a divided country. His book also introduces the reader to the Chinese and Indian oilmen and politicians who were willing to become entangled in an African civil war in the pursuit of the world's most coveted resource. It offers a portrait of the challenges China and India are increasingly facing as emerging powers in the world.


Crude Chronicles

Crude Chronicles

Author: Suzana Sawyer

Publisher: Duke University Press

Published: 2004-06-07

Total Pages: 311

ISBN-13: 0822385759

DOWNLOAD EBOOK

Ecuador is the third-largest foreign supplier of crude oil to the western United States. As the source of this oil, the Ecuadorian Amazon has borne the far-reaching social and environmental consequences of a growing U.S. demand for petroleum and the dynamics of economic globalization it necessitates. Crude Chronicles traces the emergence during the 1990s of a highly organized indigenous movement and its struggles against a U.S. oil company and Ecuadorian neoliberal policies. Against the backdrop of mounting government attempts to privatize and liberalize the national economy, Suzana Sawyer shows how neoliberal reforms in Ecuador led to a crisis of governance, accountability, and representation that spurred one of twentieth-century Latin America’s strongest indigenous movements. Through her rich ethnography of indigenous marches, demonstrations, occupations, and negotiations, Sawyer tracks the growing sophistication of indigenous politics as Indians subverted, re-deployed, and, at times, capitulated to the dictates and desires of a transnational neoliberal logic. At the same time, she follows the multiple maneuvers and discourses that the multinational corporation and the Ecuadorian state used to circumscribe and contain indigenous opposition. Ultimately, Sawyer reveals that indigenous struggles over land and oil operations in Ecuador were as much about reconfiguring national and transnational inequality—that is, rupturing the silence around racial injustice, exacting spaces of accountability, and rewriting narratives of national belonging—as they were about the material use and extraction of rain-forest resources.


Book Synopsis Crude Chronicles by : Suzana Sawyer

Download or read book Crude Chronicles written by Suzana Sawyer and published by Duke University Press. This book was released on 2004-06-07 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ecuador is the third-largest foreign supplier of crude oil to the western United States. As the source of this oil, the Ecuadorian Amazon has borne the far-reaching social and environmental consequences of a growing U.S. demand for petroleum and the dynamics of economic globalization it necessitates. Crude Chronicles traces the emergence during the 1990s of a highly organized indigenous movement and its struggles against a U.S. oil company and Ecuadorian neoliberal policies. Against the backdrop of mounting government attempts to privatize and liberalize the national economy, Suzana Sawyer shows how neoliberal reforms in Ecuador led to a crisis of governance, accountability, and representation that spurred one of twentieth-century Latin America’s strongest indigenous movements. Through her rich ethnography of indigenous marches, demonstrations, occupations, and negotiations, Sawyer tracks the growing sophistication of indigenous politics as Indians subverted, re-deployed, and, at times, capitulated to the dictates and desires of a transnational neoliberal logic. At the same time, she follows the multiple maneuvers and discourses that the multinational corporation and the Ecuadorian state used to circumscribe and contain indigenous opposition. Ultimately, Sawyer reveals that indigenous struggles over land and oil operations in Ecuador were as much about reconfiguring national and transnational inequality—that is, rupturing the silence around racial injustice, exacting spaces of accountability, and rewriting narratives of national belonging—as they were about the material use and extraction of rain-forest resources.


Crude Politics

Crude Politics

Author: Paul Sabin

Publisher: Univ of California Press

Published: 2005

Total Pages: 330

ISBN-13: 0520241983

DOWNLOAD EBOOK

Paul Sabin offers a study of the oil market in California before World War II, showing how the development of an economy & society very heavily dependent upon oil production & consumption was largely directed by policy decisions regarding property rights, regulatory law & public investment.


Book Synopsis Crude Politics by : Paul Sabin

Download or read book Crude Politics written by Paul Sabin and published by Univ of California Press. This book was released on 2005 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul Sabin offers a study of the oil market in California before World War II, showing how the development of an economy & society very heavily dependent upon oil production & consumption was largely directed by policy decisions regarding property rights, regulatory law & public investment.


Amazon Crude

Amazon Crude

Author: Judith Kimerling

Publisher:

Published: 1991

Total Pages: 150

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis Amazon Crude by : Judith Kimerling

Download or read book Amazon Crude written by Judith Kimerling and published by . This book was released on 1991 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Crude Awakening

Crude Awakening

Author: Amanda Coyne

Publisher: Bold Type Books

Published: 2011-11-08

Total Pages: 306

ISBN-13: 1568584474

DOWNLOAD EBOOK

Presents a history of the Alaskan oil industry, revealing political corruption, the FBI's investigation, and how these events will influence American politics.


Book Synopsis Crude Awakening by : Amanda Coyne

Download or read book Crude Awakening written by Amanda Coyne and published by Bold Type Books. This book was released on 2011-11-08 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a history of the Alaskan oil industry, revealing political corruption, the FBI's investigation, and how these events will influence American politics.


Crude Britannia

Crude Britannia

Author: James Marriott

Publisher: Pluto Press (UK)

Published: 2021-01-20

Total Pages: 304

ISBN-13: 9780745341095

DOWNLOAD EBOOK

For decades, BP and Shell extracted the minerals, finance and skills of the UK. Always behind the scenes, Big Oil drove Britain's economy and profoundly influenced its culture. Then, at the start of the 21st Century, the tide seemed to go out - Britain's refineries and chemical plants were quietly closed; the North Sea oilfields declined. Now, while the country goes through the seismic upheavals of Brexit and the climate emergency, many believe the age of oil to be almost passed. However, as Crude Britannia reveals, reports of the industry's death are greatly exaggerated. Taking the reader on a journey across Britain - from North East Scotland, Merseyside and South Wales to the Thames Estuary and London - James Marriott and Terry Macalister tell the story of Britain's oil-stained past, present and future; of empire, economic deprivation and continuing political influence. The authors speak to oil company executives and oil traders, as well as former shipyard and refinery workers, film makers and musicians, activists and politicians, putting real people and places at the heart of a compelling political analysis. Offering a rare insight on how to read the history of modern Britain, Crude Britannia shows what needs to be done to create a new energy system, that tackles climate change and underpins a fairer democratic society.


Book Synopsis Crude Britannia by : James Marriott

Download or read book Crude Britannia written by James Marriott and published by Pluto Press (UK). This book was released on 2021-01-20 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades, BP and Shell extracted the minerals, finance and skills of the UK. Always behind the scenes, Big Oil drove Britain's economy and profoundly influenced its culture. Then, at the start of the 21st Century, the tide seemed to go out - Britain's refineries and chemical plants were quietly closed; the North Sea oilfields declined. Now, while the country goes through the seismic upheavals of Brexit and the climate emergency, many believe the age of oil to be almost passed. However, as Crude Britannia reveals, reports of the industry's death are greatly exaggerated. Taking the reader on a journey across Britain - from North East Scotland, Merseyside and South Wales to the Thames Estuary and London - James Marriott and Terry Macalister tell the story of Britain's oil-stained past, present and future; of empire, economic deprivation and continuing political influence. The authors speak to oil company executives and oil traders, as well as former shipyard and refinery workers, film makers and musicians, activists and politicians, putting real people and places at the heart of a compelling political analysis. Offering a rare insight on how to read the history of modern Britain, Crude Britannia shows what needs to be done to create a new energy system, that tackles climate change and underpins a fairer democratic society.


40 Classic Crude Oil Trades

40 Classic Crude Oil Trades

Author: Owain Johnson

Publisher: Routledge

Published: 2022-01-31

Total Pages: 269

ISBN-13: 1000539458

DOWNLOAD EBOOK

The day-to-day world of crude oil traders is not usually open to outsiders. Few non-specialists appreciate how oil traders approach the markets, what their backgrounds are and how they make money. This book brings the oil trading world to vivid life by introducing the reader to 40 real-life trades or strategies that were carried out by named market participants. The 40 chapters cover different geographies and different crude oil markets, providing an unparalleled insight into how crude oil traders work and think. Oil trading developed in its current form in the 1980s and the chapters cover these early beginnings through to the present day. The trades have been grouped in sections that relate to the nature of each trade and its broader use as an example of a successful trading style. Sections cover approaches to arbitrage trading; the impact of geopolitics; logistics and storage plays; short-term versus longer term trading; managing new crude oil grades; trading crude oil derivatives. The book provides plenty of inspiration for current or prospective crude oil traders or analysts. It will also be valuable for academic researchers, business school case studies, and for anyone wanting to learn more about the individuals that shape the world’s most important commodity market.


Book Synopsis 40 Classic Crude Oil Trades by : Owain Johnson

Download or read book 40 Classic Crude Oil Trades written by Owain Johnson and published by Routledge. This book was released on 2022-01-31 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: The day-to-day world of crude oil traders is not usually open to outsiders. Few non-specialists appreciate how oil traders approach the markets, what their backgrounds are and how they make money. This book brings the oil trading world to vivid life by introducing the reader to 40 real-life trades or strategies that were carried out by named market participants. The 40 chapters cover different geographies and different crude oil markets, providing an unparalleled insight into how crude oil traders work and think. Oil trading developed in its current form in the 1980s and the chapters cover these early beginnings through to the present day. The trades have been grouped in sections that relate to the nature of each trade and its broader use as an example of a successful trading style. Sections cover approaches to arbitrage trading; the impact of geopolitics; logistics and storage plays; short-term versus longer term trading; managing new crude oil grades; trading crude oil derivatives. The book provides plenty of inspiration for current or prospective crude oil traders or analysts. It will also be valuable for academic researchers, business school case studies, and for anyone wanting to learn more about the individuals that shape the world’s most important commodity market.