Oil: Money, Politics, and Power in the 21st Century
With unparalleled insight into BP and its safety record leading up to the disaster in the Gulf of Mexico, Tom Bower gives us a groundbreaking, in-depth, and authoritative twenty-year history of the hunt and speculation for our most vital natural resource.
Money, Politics, and Power in the 21st Century
Twenty years ago oil cost about $7 a barrel. In 2008 the price soared to $148 and then fell to below $40. In the midst of this extraordinary volatility, the major oil conglomerates still spent over a trillion dollars in an increasingly frantic search for more.
The story of oil is a story of high stakes and extreme risk. It is the story of the crushing rivalries between men and women exploring for oil five miles beneath the sea, battling for control of the world's biggest corporations, and gambling billions of dollars twenty-four hours every day on oil's prices. It is the story of corporate chieftains in Dallas and London, traders in New York, oil-oligarchs in Moscow, and globe-trotting politicians-all maneuvering for power.
With the world as his canvas, acclaimed investigative reporter Tom Bower gathers unprecedented firsthand information from hundreds of sources to give readers the definitive, untold modern history of oil . . . the ultimate story of arrogance, intrigue, and greed.
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THE OLIGARCHS SQUEEZE
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agreed agreement Alaska American Amoco Arco barrels a day barrels of oil believed billion BP’s Brent Browne’s Caspian CFTC chairman Chávez Chevron company’s contracts corporation corporation’s cost country’s crude oil deal demand despite drilling energy engineers exploration Exxon ExxonMobil Fridman Gazprom global government’s Gulf of Mexico Hayward ignored increase industry’s investment John Browne Khodorkovsky knew Kremlin Lee Raymond London merger Mikhail Fridman million barrels minister Montepeque Moody-Stuart Moscow natural gas negotiations Nigeria North Sea Nymex O’Reilly officials oil and gas oil companies oil industry oil majors oil prices oil production oil reserves oilfields oligarchs OPEC OPEC’s percent Petroleum pipeline Pitofsky politicians president profits Putin refineries Rex Tillerson rivals Russia’s oil Russian Sakhalin Saudi Arabia Sechin share shareholders Shell Shell’s directors speculators squeeze tankers Tillerson TNK-BP told traders Veer Venezuela Vijver Wall Street Journal Watts Watts’s Western York Yukos