Provides an overview of the petroleum industry, its history, and its key players; examines the relationship between oil, finance, and politics; and explores the future of oil as supplies diminish and global warming threatens

While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices,...