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Table of Contents
ntroduction: 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.
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.