To the casual observer, the oil business seems constant and unchanging. The familiarity of the oil industry’s retail outlets masks extraordinary changes in how the industry engages in its four primary sectors of activity: finding and producing crude oil, transportation, refining, and marketing.

This book chronicles the oil industry’s transformation over the last century and discusses the future of an industry that has been pronounced dead or dying by its critics on numerous occasions since the early development of coal and the steam engine. It takes readers through the business progressing through demand and supply demand of oil, pricing and commodity markets, industry structure and energy security. Additionally, it discusses organizing principles and alternative resources.

Features & Benefits

• Supply, demand, and pricing
• The markets, policy, and players
• Alternative energy resources

Audience

• Field level personnel
• Management
• Energy lending and finance professionals
• Anyone who seeks to understand how, or relies upon, energy markets
• Students