Crude Volatility : : The History and the Future of Boom-Bust Oil Prices / / Robert McNally.
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 E...
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Place / Publishing House: | New York, NY : : Columbia University Press, , [2017] ©2017 |
Year of Publication: | 2017 |
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McNally, Robert, author. aut http://id.loc.gov/vocabulary/relators/aut Crude Volatility : The History and the Future of Boom-Bust Oil Prices / Robert McNally. New York, NY : Columbia University Press, [2017] ©2017 1 online resource (336 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Center on Global Energy Policy Series Frontmatter -- Contents -- Preface -- Acknowledgments -- Author's Note -- Introduction: The Texas Paradox -- Part One. 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) -- Part Two. 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 restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Petroleum industry and trade United States History. Petroleum products Prices United States. Petroleum reserves United States. BUSINESS & ECONOMICS / Industries / Energy. bisacsh Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2017 9783110543308 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2017 9783110540550 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE ENGLISH 2017 9783110625264 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2017 9783110547740 ZDB-23-DBV print 9780231178143 https://doi.org/10.7312/mcna17814 https://www.degruyter.com/isbn/9780231543682 Cover https://www.degruyter.com/document/cover/isbn/9780231543682/original |
language |
English |
format |
eBook |
author |
McNally, Robert, McNally, Robert, |
spellingShingle |
McNally, Robert, McNally, Robert, Crude Volatility : The History and the Future of Boom-Bust Oil Prices / Center on Global Energy Policy Series Frontmatter -- Contents -- Preface -- Acknowledgments -- Author's Note -- Introduction: The Texas Paradox -- Part One. 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) -- Part Two. 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 |
author_facet |
McNally, Robert, McNally, Robert, |
author_variant |
r m rm r m rm |
author_role |
VerfasserIn VerfasserIn |
author_sort |
McNally, Robert, |
title |
Crude Volatility : The History and the Future of Boom-Bust Oil Prices / |
title_sub |
The History and the Future of Boom-Bust Oil Prices / |
title_full |
Crude Volatility : The History and the Future of Boom-Bust Oil Prices / Robert McNally. |
title_fullStr |
Crude Volatility : The History and the Future of Boom-Bust Oil Prices / Robert McNally. |
title_full_unstemmed |
Crude Volatility : The History and the Future of Boom-Bust Oil Prices / Robert McNally. |
title_auth |
Crude Volatility : The History and the Future of Boom-Bust Oil Prices / |
title_alt |
Frontmatter -- Contents -- Preface -- Acknowledgments -- Author's Note -- Introduction: The Texas Paradox -- Part One. 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) -- Part Two. 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 |
title_new |
Crude Volatility : |
title_sort |
crude volatility : the history and the future of boom-bust oil prices / |
series |
Center on Global Energy Policy Series |
series2 |
Center on Global Energy Policy Series |
publisher |
Columbia University Press, |
publishDate |
2017 |
physical |
1 online resource (336 p.) Issued also in print. |
contents |
Frontmatter -- Contents -- Preface -- Acknowledgments -- Author's Note -- Introduction: The Texas Paradox -- Part One. 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) -- Part Two. 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 |
isbn |
9780231543682 9783110543308 9783110540550 9783110625264 9783110547740 9780231178143 |
callnumber-first |
H - Social Science |
callnumber-subject |
HD - Industries, Land Use, Labor |
callnumber-label |
HD9565 |
callnumber-sort |
HD 49565 |
geographic_facet |
United States United States. |
url |
https://doi.org/10.7312/mcna17814 https://www.degruyter.com/isbn/9780231543682 https://www.degruyter.com/document/cover/isbn/9780231543682/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
338 - Production |
dewey-full |
338.232820973 |
dewey-sort |
3338.232820973 |
dewey-raw |
338.232820973 |
dewey-search |
338.232820973 |
doi_str_mv |
10.7312/mcna17814 |
oclc_num |
965740501 |
work_keys_str_mv |
AT mcnallyrobert crudevolatilitythehistoryandthefutureofboombustoilprices |
status_str |
n |
ids_txt_mv |
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carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2017 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2017 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE ENGLISH 2017 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2017 |
is_hierarchy_title |
Crude Volatility : The History and the Future of Boom-Bust Oil Prices / |
container_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2017 |
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