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[PDF BOOK] Crude Volatility: The History and the Future of Boom-Bust Oil Prices (Center on Global Energy Policy Series) - Full Online By Robert McNally Book Details ●

Author : Robert McNally

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Pages : 336 pages

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Publisher : Columbia University Press 2017-01-17

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Language : English

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ISBN-10 : 023117814X

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ISBN-13 : 9780231178143

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Book Synopsis 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.