000			04772cam a2200637 i 4500
001			u13556
003			SA-PMU
005			20210418123253.0
008			161117s2017 nyua b 001 0 eng
010			_a 2016040220
040			_aDLC _beng _erda _cDLC _dBTCTA _dYDXCP _dBDX _dTOH _dOCLCF _dJAI _dYDX _dGUA _dNZTPM _dOCLCO _dCHVBK _dOCLCO _dOCLCQ
019			_a949749979 _a969544701
020			_a9780231178143 _q(cloth ; _qalk. paper)
020			_a023117814X _q(cloth ; _qalk. paper)
035			_a(OCoLC)950448234 _z(OCoLC)949749979 _z(OCoLC)969544701
042			_apcc
043			_an-us---
050	0	0	_aHD9565 _b.M29 2017
082	0	0	_a338.2/32820973 _223
100	1		_aMcNally, Robert, _d1963- _eauthor.
245	1	0	_aCrude volatility : _bthe history and future of boom-bust oil prices / _cRobert McNally.
264		1	_aNew York : _bColumbia University Press, _c[2017]
300			_axvi, 315 pages : _billustrations ; _c24 cm.
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
490	1		_aCenter on Global Energy Policy series
504			_aIncludes bibliographical references and index.
505	0		_aIntroduction: 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.
520			_a"Oil is the lifeblood of modern civilization, ranking alongside food as one of our most critical commodities. It drives geopolitical, economic, and financial affairs, as well as environmental debates and policymaking. As the place of oil in our global economy has evolved, so too has the way we buy and sell it, with rudimentary transactions at the wellhead developing into a sophisticated and complex global market. Yet while today's oil market bears little resemblance to the one born in the valleys and creeks of western Pennsylvania more than 150 years ago, one core feature remains: a natural tendency toward boom and bust price cycles that can devastate economies, trigger or prolong recessions, and undermine growth and investment. Tracing a history marked with conflict, intrigue, and extreme uncertainty, Robert McNally shows how-even from the very first years of the market-wild volatility in oil prices led to intensive efforts to stabilize price fluctuations and manage supply. First Rockefeller's Standard Oil, then U.S. state regulators along with major international oil companies, and finally OPEC each enjoyed varying degrees of success in the pursuit of oil price stability. But the spectacular boom of 2008 and bust of 2015 have revealed a structural shift back to extreme oil price swings, the likes of which haven't been seen for nearly a century. Crafting an engrossing journey from the gushing New England oil fields to the fraught and fractious Middle East, Crude Volatility provides a crucial perspective that discards distractions and tired myths, shows lessons learned from prior mistakes, and provides the historical foundation we need to face, understand, and surmount the challenges ahead."-- _cProvided by publisher.
650		0	_aPetroleum industry and trade _zUnited States _xHistory.
650		0	_aPetroleum products _xPrices _zUnited States.
650		0	_aPetroleum reserves _zUnited States.
610	2	0	_aOrganization of Petroleum Exporting Countries.
610	2	7	_aOrganization of Petroleum Exporting Countries. _2fast _0(OCoLC)fst00534282
650		7	_aPetroleum industry and trade. _2fast _0(OCoLC)fst01059546
650		7	_aPetroleum products _xPrices. _2fast _0(OCoLC)fst01059747
650		7	_aPetroleum reserves. _2fast _0(OCoLC)fst01059830
651		7	_aUnited States. _2fast _0(OCoLC)fst01204155
650		7	_aErdölpreis _2gnd
650		7	_aVolatilität _2gnd
655		7	_aHistory. _2fast _0(OCoLC)fst01411628
830		0	_aCenter on Global Energy Policy series.
938			_aBrodart _bBROD _n117145637
938			_aBaker and Taylor _bBTCP _nBK0018861615
938			_aYBP Library Services _bYANK _n12981982
029	1		_aAU@ _b000058974259
029	1		_aCHBIS _b010653890
029	1		_aCHDSB _b006690677
029	1		_aCHVBK _b472511068
029	1		_aCHVBK _b480417806
942			_cBOOK
994			_aZ0 _bSUPMU
948			_hNO HOLDINGS IN SUPMU - 164 OTHER HOLDINGS
596			_a1 2
999			_c2341 _d2341