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The Prize: The Epic Quest for Oil, Money & Power Paperback – Jan 1 1993

4.7 out of 5 stars 78 customer reviews

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Paperback, Jan 1 1993
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Harry Potter and the Cursed Child
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Product Details

  • Paperback: 928 pages
  • Publisher: Free Press; 1 edition (Jan. 1 1993)
  • Language: English
  • ISBN-10: 0671799320
  • ISBN-13: 978-0671799328
  • Product Dimensions: 23.8 x 15.5 x 4.2 cm
  • Shipping Weight: 1.2 Kg
  • Average Customer Review: 4.7 out of 5 stars 78 customer reviews
  • Amazon Bestsellers Rank: #563,186 in Books (See Top 100 in Books)
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Product Description

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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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By Zane Gates TOP 1000 REVIEWER on April 2 2014
Format: Paperback Verified Purchase
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 worthwhile book because oil caused such a transformation to human life and plays a huge role in global politics. There is a lot of dry material but the author structured the book in a way that kept me interested. I'm not normally into history but after reading this I feel I have much-needed insight to how our planet operates, and why.
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Format: Paperback
This book is one of the best around for historical information on the petroleum industry. It is put together in a very good chronological and logical manner that links many events and things together with each other through their common link of petroleum. It has a great deal of information on many of the leading petroleum producing nations of the world. Overall, it is a book that makes very enjoyable reading on the history and development of the petroleum industry and its importance in politics and economics. I would have given this book a five star rating if it had including much more information and deserved attention on the country of Canada and its petroleum industry since it is one of the biggest suppliers of petroleum to the United States. Also, mention of the diesel engine in its relationship as a solution to higher cetane vs octane fuels as found in early discovered petroleum is another important fact. It is hoped that if the author writes a revised version of his book that these things be considered.
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Format: Paperback
This book is no doubt a great book, and the most comprehensive history of the oil industry. I hope the author updates the book every 25 years or so because once again this industry is going through another cycle. Also a lot of previously classified documents are becoming publicly available such as in 2004 the British released papers stating Nixon was willing to occupy OPEC oil fields with military force because of their embargo.
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 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 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.
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Format: Paperback
The engines of the modern world run on hydrocarbons, and especially on oil & gas. and The Prize is an excellent, accessible history of the oil & gas industry, the impact it has had on world history and politics, and the corresponding impact of world events back on the industry itself.
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.
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Format: Paperback
I am on my second pass at this book. I read it about five years ago, but due to recent world events and oil shocks, I decided to read it again. Even the second time around, I found this book to be so thorough and facinating that I felt compelled to keep reading long after my eyes tired. This account completely modified my understanding of world history for the past 150 years. Oil today is central to the world economy, but yet it seems we are remaking many of the mistakes of the past. The middle east has been and continues to be a remarkable but challenging place to deal with. Not a day goes by that I don't see some important news story regarding oil or the middle east. Reading this book has helped me to more clearly understand why many of these important world events are happening. Oil has had more economic impact on world events than any other invention or commodity, so I feel it is important for people to understand how it has shaped our world. I highly recommend this book to anyone that is interested in the most important commodity "King Oil".
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