An engaging look at the global oil industry and how to navigate the price volatility and new policies associated with it. Oil is a constantly changing industry, and with the?recent BP oil spill in the Gulf of Mexico, more changes are expected.?From extra equipment, higher-cost insurance, and...

Introduction: the Texas paradox -- And then there was light: from chaos to order in the kerosene era (1859-1911) -- No Rockefeller, no peace: boom-bust returns (1912-1933) -- Why are oil prices prone to boom bust cycles? -- The Texas era of price stability: US supply controls and international...