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035 _a(OCoLC)ocn669751163
035 _a(OCoLC)669751163
035 _a(NNC)8643688
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_b.D53 2011
082 0 0 _a338.23
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084 _aBUS000000
_2bisacsh
100 1 _aDicker, Dan,
_d1960-
245 1 0 _aOil's endless bid :
_btaming the unreliable price of oil to secure the economy /
_cDaniel Dicker.
260 _aHoboken, N.J. :
_bJohn Wiley & Sons,
_cc2011.
300 _axiv, 338 p. :
_bill., figs.
_c24 cm.
365 _aUSD
_b61.46
500 _aIncludes index.
520 _a"Expert analysis of rising oil prices and the out-of-control oil markets that jeopardize both national security and the economy. The price of oil is negatively impacting both companies and consumers. In Oil's Endless Bid: Taming the Unreliable Price of Energy to Secure Our Economy, energy analyst Dan Dicker recalls his experiences as an oil trader and reveals the changes that have taken place in the oil markets during the past twenty years, and particularly the last five, as investment banks, energy hedge funds, and managed futures funds have come to dominate energy trading and wreak havoc on prices. Reveals why oil prices cannot stabilize without dramatic action on the part of both government and business. Details how the novel, but wrong, idea of oil as an asset class took a sleepy, club-like market into the national spotlight. Describes how the United States is unnecessarily handing its wealth over to foreign oil producers during a time when the potential supply of oil is greater than ever. Written by an industry insider, Oil's Endless Bid analyzes the biggest financial story of the last ten years, how we lost control of our oil markets"--Provided by publisher.
650 0 _aPetroleum products
_xPrices.
650 0 _aPetroleum reserves.
650 0 _aPetroleum industry and trade.
650 0 _aCommodity futures.
650 7 _aBUSINESS & ECONOMICS / General
_2bisacsh
900 _aAUTH
942 _2ddc
_cBK
948 1 _a20110518
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