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Following Oil: Four Decades of Cycle-Testing Experiences and What They Foretell About U.S. Energy Independence.


Following Oil: Four Decades of Cycle-Testing Experiences and What They Foretell About U.S. Energy Independence

Thomas A. Petrie

U. of Oklahoma Press


254 pages




Petrie, an oil and gas investment analyst, investment banker, and strategic advisor on petroleum-sector mergers, acquisitions, and financings, shares what he has learned from four decades in the petroleum industry (from 1967 to 2013) and the energy sources that could become available following the decrease in oil availability. He describes the impact of the Six-Day War, the Yom Kippur War, price regulations of the 1970s, the Iranian Revolution and the Iran-Iraq War, the mergers of the 1980s that created Big Oil, the oil price collapse of 1986, the stock market crash of 1987, the Kuwait invasion and First Gulf War, the second oil price collapse of 1997-1998, the Saudi gas initiative, 9/11, geopolitical aspects, the rising fears of global peak oil from 2000 to 2005, the building of a liquified natural gas infrastructure by the US, the Macondo disaster, and other events, and key lessons learned from his observations, followed by discussion of alternative energy options, climate change issues, and future issues.

([c] Ringgold, Inc., Portland, OR)

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Publication:Reference & Research Book News
Article Type:Brief article
Date:Apr 1, 2014
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