Crude volatility : the history and future of boom-bust oil prices /
Robert McNally.
- xvi, 315 pages : illustrations ; 24 cm.
- Center on Global Energy Policy series .
Includes bibliographical references and index.
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 cartelization (1934-1972) -- The birth of OPEC: 1960-1969 -- The transformational seventies, part two: 1970-1980 -- OPEC's rude awakening: 1981-1990 -- OPEC muddles through: 1991-2003 -- Twilight: OPEC's power to prevent price spikes ebbs and vanishes: 2004-2008 -- Oil's third boom-bust era: 2009-? -- Epilogue: a challenge with no easy solution.
9780231178143 (cloth : alk. paper)
2016040220
Organization of Petroleum Exporting Countries.
Petroleum industry and trade--History.--United States Petroleum products--Prices--United States. Petroleum reserves--United States. Industria y comercio del petróleo Productos del petróleo--Precios--Estados Unidos. Reservas de petróleo