Ebook Oil 101, by Morgan Downey
However, exactly how is the way to obtain this book Oil 101, By Morgan Downey Still puzzled? It does not matter. You could enjoy reading this e-book Oil 101, By Morgan Downey by on the internet or soft documents. Simply download the publication Oil 101, By Morgan Downey in the web link provided to check out. You will certainly get this Oil 101, By Morgan Downey by online. After downloading and install, you can save the soft data in your computer or kitchen appliance. So, it will certainly alleviate you to read this e-book Oil 101, By Morgan Downey in certain time or location. It might be uncertain to delight in reviewing this e-book Oil 101, By Morgan Downey, due to the fact that you have bunches of job. Yet, with this soft data, you could enjoy checking out in the leisure even in the spaces of your jobs in workplace.
Oil 101, by Morgan Downey
Ebook Oil 101, by Morgan Downey
Oil 101, By Morgan Downey. Accompany us to be participant right here. This is the internet site that will give you relieve of searching book Oil 101, By Morgan Downey to review. This is not as the other website; the books will remain in the kinds of soft documents. What advantages of you to be member of this website? Get hundred compilations of book connect to download and install as well as get always upgraded book on a daily basis. As one of guides we will present to you now is the Oil 101, By Morgan Downey that features a very satisfied principle.
It is not secret when hooking up the composing skills to reading. Reviewing Oil 101, By Morgan Downey will make you get more resources and also sources. It is a way that can boost exactly how you overlook and recognize the life. By reading this Oil 101, By Morgan Downey, you could more than what you obtain from other book Oil 101, By Morgan Downey This is a famous book that is published from famous publisher. Seen form the author, it can be trusted that this publication Oil 101, By Morgan Downey will give lots of inspirations, about the life and encounter and also everything inside.
You could not need to be doubt concerning this Oil 101, By Morgan Downey It is uncomplicated way to get this book Oil 101, By Morgan Downey You can merely see the set with the link that we supply. Right here, you can acquire guide Oil 101, By Morgan Downey by online. By downloading Oil 101, By Morgan Downey, you could find the soft data of this publication. This is the exact time for you to start reading. Even this is not printed publication Oil 101, By Morgan Downey; it will specifically give even more benefits. Why? You could not bring the published book Oil 101, By Morgan Downey or only pile guide in your residence or the office.
You can finely include the soft documents Oil 101, By Morgan Downey to the gizmo or every computer unit in your office or house. It will aid you to still proceed checking out Oil 101, By Morgan Downey every time you have extra time. This is why, reading this Oil 101, By Morgan Downey does not give you issues. It will offer you essential resources for you that wish to begin composing, discussing the comparable publication Oil 101, By Morgan Downey are various book industry.
OIL 101 is a straightforward guide to oil and an essential read for anyone coming to grips with where oil prices, the economy and society are headed.
In OIL 101, Downey provides the facts one needs to understand oil, from its history and chemistry, to refining, finished products, storage, transportation, alternatives, and how prices are determined every day in global wholesale oil markets and how those markets are connected to prices at the pump.
- Sales Rank: #52367 in Books
- Brand: Brand: Wooden Table Press
- Published on: 2009
- Original language: English
- Number of items: 1
- Dimensions: 9.02" h x 1.13" w x 5.98" l, 1.85 pounds
- Binding: Hardcover
- 452 pages
Features
- Used Book in Good Condition
Review
"industry must-read" --Financial Times, February 25, 2009
"I read a lot of books. A quick measure comes up with more than 10 ft of shelf space filled with books relating to the topic...of my collection only 8 books sit on my desk. Today I added another to that rather select group. It is Morgan Downey's "Oil 101"
...It differs from them, however, both in being focused not just on oil, but also in explaining more of the financial matters that play such a significant part in the price we pay for oil and thereafter for the gas that goes into the tank.
...This is useful not just to the neophyte.
...While providing some background to the debate on current world oil reserve calculations, he does not take a specific position within it. Given the nature of the debate, that is perhaps wise.
...the book will stay on my desk, and start to look as worn as some of the others."
--www.theoildrum.com, February 17, 2009
Review
"I read a lot of books. A quick measure comes up with more than 10 ft of shelf space filled with books relating to the topic...of my collection only 8 books sit on my desk. Today I added another to that rather select group. It is Morgan Downey's "Oil 101"
...It differs from them, however, both in being focused not just on oil, but also in explaining more of the financial matters that play such a significant part in the price we pay for oil and thereafter for the gas that goes into the tank.
...This is useful not just to the neophyte.
...While providing some background to the debate on current world oil reserve calculations, he does not take a specific position within it. Given the nature of the debate, that is perhaps wise.
...the book will stay on my desk, and start to look as worn as some of the others."
From the Inside Flap
Since 1859, oil has enabled and defined our economic, social and political landscape. Throughout this time, abundant supply ensured low, stable prices and the inner workings of the oil industry remained relatively obscure. Following a century and a half of relative calm, oil prices have become much more volatile as the sustainability and growth of reliable supply sources have been brought into question. OIL 101 meets the need for a clear, concise guide to oil; from its history, to sources of supply and drivers of demand; from how prices are determined daily in global wholesale oil markets, to how those markets are connected to prices at the pump.
Most helpful customer reviews
56 of 57 people found the following review helpful.
Unqualified Rave
By Allen Smalling
Many of the reviewers beforehand indicated that they were industry professionals with several intro. texts and comprehensive introductions to the petroleum industry already in their bookshelves. I am not one of them. I approached OIL 101 as a complete rookie who was almost completely ignorant of the details and scope of the petroleum industry, but who had lots of questions.
Some of the questions I had (and were gloriously answered) in this wonderfully helpful book include:
. How did there get to be only about half a dozen major privately owned integrated oil companies in the world? (Mergermania, plus the fact that most OPEC nations and a large number of non-OPEC nations have nationalized their oil companies.)
. Does this "Big Oil" run the show as far as global exploration and production of crude is concerned? (Hardly: a number of OPEC countries have several times the reserves of Exxon-Mobil and the other big shareholder-owned corporations, no matter how those "proven" reserves are measured). Even non-OPEC "Pemex" (Petroleos Mexicanos) has reserves that outstrip those of the biggest Major, Exxon-Mobil.
. Why is it that the U.S. Northeast Coast is reliably served by oil pipelines carrying both "dirty" (crude) and "clean" (refined) petroleum up from the Gulf of Mexico, yet New England still depends on overseas tankers (complicated!).
. Is it true that the world has begun to run out of oil? (Apparently, yes, says author Morgan Downey, who holds to the "Hubbert Thesis" that about 30 - 40 years after a country has peaked in established reserves of crude oil, its output will start to slide -- irrevocably.) Reserves in the USA peaked in the 1930s, output peaked in 1970, and total U.S. production (even including Alaska) has been sloping downward ever since. This is especially scary since the evidence indicates that some of the biggest "bigs" -- the nationalized ones -- deliberately bumped up and overinflated their reserve estimates in the 1980s so that they could pump and sell more crude under OPEC quotas. But many countries are acting as though the easy-to-drill oil is getting scarce. Saudi Arabia, no. 1 in reserves, has started drilling for oil offshore. No country with access to huge amounts of crude on dry land is going to go offshore -- it's too expensive.
. Is it true that most of the plain old American 87 octane gasoline for cars is a generic commodity and goes through the pipelines as such? (Yes.) Is it true that any distinguishing features such as cleansing or performance-improvement additives, and color, are added to the gasoline right before distribution at the local level? (Again, Yes.) In fact, large shipments of 87 octane from multiple suppliers routinely go through the Texas - New Jersey Colonial Pipeline without being batched -- the quantity is measured coming out and since there is very little commingling, it all shakes out regardless.
. Does this mean it's largely irrelevant to the market if you decide to punish one Major Oil Co. in particular by refusing to buy their product at retail? (It makes very little difference -- again, what's put in and what come out may well have different suppliers and recipients.) Is it true that retail sellers of gasoline are usually independent entrepreneurs whose markup on the actual gasoline is only a few pennies a gallon? (Sadly, yes.)
Unsurprisingly given all this, Downey believes that in the near future we are going to witness:
. continued flaky and unreliable crude reserves estimates coming from the OPEC countries;
. increasing difficulty in drilling and procuring crude oil, especially offshore;
. ever more expensive and elaborate methods to suck up, blow out, flood out, or otherwise squeeze as much oil as possible from dying wells, both on- and offshore;
. and a likely lessening in the number of "branded" filling stations by the five of six majors who sell gasoline at retail here in the USA (Exxon-Mobil, BP, Shell, Chevron and Conoco-Phillips), because retail is the most commodified and least profitable segment of vertically integrated oil, as opposed to upstream exploration and drilling. (That aspect being the most risky, I need hardly say.)
There is so much more that Downey covers, including enough geology that we can understand where oil is worth prospecting for, and where not; a chemical assay of crude oil and its trip through (chiefly U.S.) refining with its emphasis on "catalytic cracking"; and in fact what happens to those hydrocarbon molecules that they can wind up in products as disparate as aviation gasoline, retail automotive gasoline, jet fuel, bitumen (from which asphalt is made), and olefins, and plastics, and so on and on. He further covers US environmental laws, the many, many ways there are to drill for oil (and the increasingly complex construction of deepwater rigs), the many ways that speculators and Big Oil can hedge risk (it just starts with options and gets madely derivative at times), and whether a national reliance on ethanol was a sound choice (Well....).
I do wish Downey had spent a little more time on natural gas (or as he chemically and correctly calls it, "methane") past the point of getting it ready for the natural-gas pipeline, but I understand as an author he had to draw the line somewhere. All in all OIL 101 is an amazingly fact-filled and interesting 433 pages of Things Petroleum; it even has a very useful and comprehensive Index. Now, if you are looking for politics and drama in your oil, there are many books that tackle the issue that way (I would recommend in particular THE PRIZE by Daniel Yergin). But if you want the facts, up straight, comprehensively, logically explained and understandable to the layman but not dumbed down, you should buy OIL 101. With similar intro books and texts selling for two to three times as much, it's quite a bargain, too!
159 of 163 people found the following review helpful.
Fascinating Book
By Yung Fan
Oil 101 is a fascinating book. It explains everything I wanted to know about oil.
Over the past few years with rapidly rising and falling oil prices, politicians, TV pundits and market commentators blamed speculators, OPEC, refineries and a host of other seemingly random events. I felt that everyone understood only tiny portions of the oil business. There was no single source which pulled together disparate areas describing oil. Internet searches for oil definitions yielded individual descriptions without an overall context.
Downey's Oil 101 brings all parts of the oil business together in a logical easily understood manner. The sequence of chapters is perfect and the author makes no assumption of prior knowledge. The index is so thorough that I use the book daily as a desk reference.
The chapter on the history of oil is refreshing and is very much worth the price of the book in itself. The book rose my interest to visit the world's first oil well in Oil Creek near Titusville, Pennsylvania where the modern oil industry started in 1859. It was certainly an interesting trip.
The book explains clearly how oil markets operate and oil prices change. The amount of useful information contained in this book is phenomenal. A more important point that I like this book is that the book is very interesting and easy to read. This is exceptional for a highly specialized technical book. I highly recommend Downey's Oil 101. Below is the table of contents:
Part One: Oil fundamentals
Chapter 1: A brief history of oil
Chapter 2: A crude oil assay
Chapter 3: Components of oil liquids
Chapter 4: Chemistry of oil
Chapter 5: Industry overview
Chapter 6: Exploration and production
Chapter 7: Refining
Chapter 8: Standards
Chapter 9: Finished products
Chapter 10: Petrochemicals
Chapter 11: Transporting oil
Chapter 12: Storage
Chapter 13: Seasonality
Chapter 14: Reserves
Chapter 15: Environmental regulations
Chapter 16: New engine technologies
Part Two: Oil markets
Chapter 17: Oil prices
Chapter 18: Forward oil markets - futures and swaps
Chapter 19: Forward oil markets - options
Chapter 20: Managing oil price risk
3 of 3 people found the following review helpful.
The title says it all
By Brett A. Fishwild
For 15 some years I have worked as a consultant that tangentially deals with the oil and gas industry, and yet I still found this book a very good read. So even though I know a fair bit about the chemistry and have a passing knowledge of the production and pricing processes, I learned something new in almost every section of this book.
When you first crack it open you might be a little surprised to see that there are no color pictures, and that all of the graphs and pictures are of somewhat low quality - like a scans of images in an old thesis. But don't let that deter you! The substance is all there. You will learn about the discovery and early production of oil; all the types oil rigs; how crackers work; the myriad of products distilled from crude; how pipelines work and how prices are set. Historical references are used throughout, so you see for example how the Oil Embargo rippled through production and pricing and technology changes that spanned decades.
But you also learn neat little things like how diesel engines differ from gasoline engines. Why European countries tax petroleum more than the US. How gasoline production changes between spring and winter. All great stuff. This is in essence a textbook, which is good in that you can start and stop reading at convenient places and skip certain sections without losing anything. It also means that you only dive in so far to any one topic. But it's not dry (in my opinion) and is easily accessible to any reader.
See all 121 customer reviews...
Oil 101, by Morgan Downey PDF
Oil 101, by Morgan Downey EPub
Oil 101, by Morgan Downey Doc
Oil 101, by Morgan Downey iBooks
Oil 101, by Morgan Downey rtf
Oil 101, by Morgan Downey Mobipocket
Oil 101, by Morgan Downey Kindle
[P975.Ebook] Ebook Oil 101, by Morgan Downey Doc
[P975.Ebook] Ebook Oil 101, by Morgan Downey Doc
[P975.Ebook] Ebook Oil 101, by Morgan Downey Doc
[P975.Ebook] Ebook Oil 101, by Morgan Downey Doc
