The Prize: The Epic Quest for Oil, Money & Power Paperback – Jan 1 1993
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Daniel Yergin's first prize-winning book, Shattered Peace, was a history of the Cold War. Afterwards the young academic star joined the energy project of the Harvard Business School and wrote the best-seller Energy Future. Following on from there, The Prize, winner of the 1992 Pulitzer Prize for nonfiction, is a comprehensive history of one of the commodities that powers the world--oil. Founded in the 19th century, the oil industry began producing kerosene for lamps and progressed to gasoline. Huge personal fortunes arose from it, and whole nations sprung out of the power politics of the oil wells. Yergin's fascinating account sweeps from early robber barons like John D. Rockefeller, to the oil crisis of the 1970s, through to the Gulf War.
From Publishers Weekly
Energy consultant Yergin limns oil's central role in most of the wars and many international crises of the 20th century. "A timely, information-packed, authoritative history of the petroleum industry, tracing its ramifications, national and geopolitical, to the present day," said PW. Photos. Author tour.
Copyright 1991 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
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Top Customer Reviews
But the book does have faults mainly with Daniel Yergin put way to many of his opinions in this book (maybe that is inevitable). For example he says in the Epiloge that Iraqi soldiers commits certain crimes while in Kuwait, that information is know known to be completly wrong, so i hope the next printing of this book updates that. Also he says that Saddam Hussein had ambitions for Arab-conquest, maybe he is right but i feel his opinion is wrong...it would have been nice if he said that was his opinion, and another possible ansewer excists for him trieng to take over Iran and Kuwait.
Also this book does a great job of telling the story of Saudi, Iran, and Venezuala. But much is desired with Iraq, Libya, the North Sea, and Nigeria.
Maybe i am demanding too much from this book, it is already a 800+ page book.
I found the best way to complete it is: read one chapter a day, so you will finish it in about a month....it takes disipline but it worked for me.
This is a must read, everyone in high school or college should be required to read this book.
Oil fields are a wasting asset -- once found, they require capital for development, and once developed they become depleted. Yergin shows that the industry's story is largely a matter of finding balance -- (1) the balance between the ongoing need to find new sources, the depletion of those sources, and the need to find and hold market share, and (2) the balance between the countries that own resources, the companies that develop those resources and the consumers of oil and gas.
Although this is not a very recent book, it explains the principlpes that underlie the dynamics of the oil industry. The reader comes away with an understanding of both yesterday's and today's oil-related geopolitics and economics. Explaining that complex linkage is quite an accomplishment, and explaining it so well and in so readable a manner justifies the high praise this book has won for nearly a generation.
Yergin does a very good job of explaining the pre-World Way I and II strategic issues revolving around the availablity and security of oil supplies, and oil-related postwar political issues. It's a particularly interesting book in light of the recent declassification of British documents from 1973 indicating that the US was considering seizure of mideast oilfields during the 1973 Arab oil embargo. If you want to understand the history and economics of a powerful industry and its impact on global economics and geopolitics, read The Prize.
Most recent customer reviews
spell bounding journey through the history of the most important item of our daily life. great story telling of the oil history that we have lived throughPublished 7 months ago by Fred Halldorson
Great read. Very interesting. Hard to find an Oil history which isn't politically swayed. This is the book you want!Published 8 months ago by Bryan
This is the first detailed history of the oil Industry with all the political ramifications and impacts on countries around the world. Read morePublished 12 months ago by Bruce97
Fantastic in-depth account on the history of oil around the globe, creating an understanding of the current situation.
Reads like a story.
I work in the Canadian oil industry in Alberta and found this book very interesting. It took me months of reading it in camp after work to complete, but I felt it was a great and... Read morePublished 22 months ago by Zane Gates
This is an incredibly narrative on the oil industry. I found the first part (pre WWII) too detailed, sometimes too focused on individuals and not so much on the companies they were... Read morePublished on Jan. 10 2014 by dw
I was impressed, I learned alot and it read more like a novel and less like a text book. I have recommended it more than a few times.Published on Sept. 22 2011 by Kurtis Sali
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