Oil's Endless Bid: Taming the Unreliable Price of Oil to Secure Our Economy

by Dan Dicker

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 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. 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.

338 pages, Hardcover

First published March 16, 2011

Reviews

[Dan Dicker · Rating 5 out of 5]

Read it? I wrote it!

[Nancy See · Rating 5 out of 5]

Informative, easy to read, understanding slowly took shape where they were once a hazy mist.
What made it an interesting read was how Dan brought facts to life and I could almost visualise the trading floor, clearing system. Definitely not boring! and NO, Oil is unlike stocks! There, I feel almost clever just saying this! :p

[Olgalijo · Rating 4 out of 5]

The book is a bit outdated, since a lot has happened since it was published in 2010. That said, it's a very eye opening overview of the ways in which oil is traded, and some of the reasons why we it's been overpriced over the years

[Chris H. · Rating 5 out of 5]

Recommend this book to lay people wanting to understand the wild swings in gas prices in past 10 years. The reasons are not what most people think and the media portraying it. The author is an experienced trader that is able to explain how the industry works and how it has changed. The knowledge I've gained from reading this book has given me the ability to converse intelligently on the subject.

[SKIM · Rating 4 out of 5]

According to the author, the price of oil has run amok because of the "financialization" of oil and this new reality is dangerous for the entire world. Interesting to read about his experiences trading oil in the pits and watching the evolution of the market into electronic format and watching the speculators wreak havoc on the price of oil.