Barbarians of Oil: How the World's Oil Addiction Threatens Global Prosperity and Four Investments to Protect Your Wealth

Franks, Sandy; Nunnally, Sara

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ISBN 10: 1118001826 / ISBN 13: 9781118001820
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Synopsis: An engaging look at the global oil industry and how to navigate the price volatility and new policies associated with it

Oil is a constantly changing industry, and with the recent BP oil spill in the Gulf of Mexico, more changes are expected. From extra equipment, higher-cost insurance, and expensive technology to mandatory third-party inspections, costly delays, and shifting investments, analysts say the price tag of regulation will be stiff and not confined to the Gulf.

The oil industry affects everyone, and the machinations of a few industry heads, the "Barbarians of Oil," can drastically change the lives of investors and consumers. In Barbarians of Oil author Sandy Franks offers the tips needed to avoid future market dips and dives as well as safeguard your investments and profit in the future.

  • Details the petro-land grab in Africa, the Bush-Halliburton Era, the Gulf Wars, and the political dangers to the United States in Iran, Iraq, and other oil-rich nations
  • Looks at the BP oil spill in the Gulf of Mexico and the impending long-term effects on investments and policy
  • Explores the evolution of the modern oil industry including major corporations such as ExxonMobile, ConcoPhillips, Cheveron, and BP

Barbarians of Oil is a timely must read for hard-working Americans concerned with their prosperity, as well as for those fascinated with the inner workings of the oil industry.

From the Inside Flap: "I'd put my money on the sun and solar energy. What a source of power! I hope we don't have to wait until oil and coal run out before we tackle that."
? Thomas Edison (1931)

Look up the word "barbarian" in a thesaurus and you'll find upward of thirty synonyms, all of them grim. Among the standouts, particularly as they relate to the subject of this book, are: savage, nihilist, brute, hooligan, rascal, thug, wrecker, destroyer, and cannibal. While using such terms to characterize Big Oil generally, or the cast of characters that made it what it is today, may strike you as a bit strong, it will seem mild by the time you've finished Barbarians of Oil.

From Colonel Drake's first big strike in Titusville, Pennsylvania, in 1858, to John D. Rockefeller's cutthroat machinations in creating the Standard Oil monopoly; from the discovery of oil in the Mideast to OPEC's engineering of the oil crisis in 1979; from the Gulf oil wars of the past two decades to the murderous petro-land grab currently underway in the Niger Delta; and from the Seven Stones Shoal oil spill at Cornwall, England, in 1967, to the 2010 Deepwater Horizon disaster in the Gulf of Mexico, Barbarians of Oil chronicles one-and-a-half centuries of fraud, deceit, wanton environmental destruction, and geopolitical perfidy?all in the name of King Crude.

Franks and Nunnally vividly describe how oil became the linchpin of the global economy and how it came to play an indispensable role in virtually every facet of modern life. And they explain how, despite an array of viable renewable energy alternatives, some of them predating the discovery of oil, renewable energy has been and continues to be hamstrung by Big Oil and its political cat's paws.

In the final chapters of Barbarians of Oil, the authors speculate that, after having achieved its apotheosis during the Bush/Cheney/Halliburton administration, Big Oil's hundred-and-fifty year imperial reign is approaching an end. With the help of inspiring case studies?including that of Samso, Denmark, the world's first fully oil-independent island?they report on successful initiatives, both at the grassroots and national levels, to transition to renewable energy sources. And they offer expert investment tips on the most promising emerging markets, including battery tech, wind and solar technologies, moto-metals, and biofuels.

Oil dependence has brought our species to a critical turning point, and "adapt or die" is the rule of the day. How did we get here, and what does the future hold? What can we do to safeguard our prosperity? Read Barbarians of Oil and find out.

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Title: Barbarians of Oil: How the World's Oil ...
Publisher: Wiley

Binding: Hardcover
Book Condition: New

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