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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. Review: Must have - A must read for all in the oil and petchem industry! Review: Superb for learners and indispensable for the seasoned industry players - I purchased this book strictly with the intention of learning more about the trading side of the business but was very pleasantly surprised to find that it started from the very bottom of the ladder and revealed practically every essential detail of the industry. Being specifically employed in the gas industry I was skeptical at first of the value I stood to gain from reading this. But once I sank into even the first chapter I realized that a lot of gas industry practices and jargon were actually spinoffs or directly borrowed from the oil industry. The book spares no detail and takes nothing for granted as being already known or understood unless it was previously stated between its covers. It can thus be understood from the simplest level go up. Im just about halfway through but will certainly update my review once completed. I look forward to an updated version that perhaps expands some more on the world's oil balance given recent large discoveries in Brazil and Africa (East and West). Im not sure if the topic can be rightly squeezed into the same volume but a "Gas 101" might be a likewise appreciated accompaniment to this handy piece of work. I have two criticisms to give neither of which managed to diminish my inclination toward a five-star review. I guess my appreciation for the content over-rode both my cautions. Firstly, the shipping time was way too long. The book is a fast moving stock item and should at least be stocked to reduce shipout time. Secondly, the language, though simple to read at any level, is sufficiently poor in places to totally derail the flow and require you to read the same sentence twice or more. You will ultimately get the idea the author is trying to convey so I dont see this as being worth an entire star in the final rating. "Oil 101" is definitely a worthy investment rather than an expense and will aptly prime newcomers to the industry in just as much time as it takes them to read it.
| Best Sellers Rank | #31,271 in Books ( See Top 100 in Books ) #4 in Petroleum Engineering #8 in Oil & Energy Industry (Books) #12 in Commodities Trading (Books) |
| Customer Reviews | 4.6 out of 5 stars 347 Reviews |
D**N
Must have
A must read for all in the oil and petchem industry!
A**D
Superb for learners and indispensable for the seasoned industry players
I purchased this book strictly with the intention of learning more about the trading side of the business but was very pleasantly surprised to find that it started from the very bottom of the ladder and revealed practically every essential detail of the industry. Being specifically employed in the gas industry I was skeptical at first of the value I stood to gain from reading this. But once I sank into even the first chapter I realized that a lot of gas industry practices and jargon were actually spinoffs or directly borrowed from the oil industry. The book spares no detail and takes nothing for granted as being already known or understood unless it was previously stated between its covers. It can thus be understood from the simplest level go up. Im just about halfway through but will certainly update my review once completed. I look forward to an updated version that perhaps expands some more on the world's oil balance given recent large discoveries in Brazil and Africa (East and West). Im not sure if the topic can be rightly squeezed into the same volume but a "Gas 101" might be a likewise appreciated accompaniment to this handy piece of work. I have two criticisms to give neither of which managed to diminish my inclination toward a five-star review. I guess my appreciation for the content over-rode both my cautions. Firstly, the shipping time was way too long. The book is a fast moving stock item and should at least be stocked to reduce shipout time. Secondly, the language, though simple to read at any level, is sufficiently poor in places to totally derail the flow and require you to read the same sentence twice or more. You will ultimately get the idea the author is trying to convey so I dont see this as being worth an entire star in the final rating. "Oil 101" is definitely a worthy investment rather than an expense and will aptly prime newcomers to the industry in just as much time as it takes them to read it.
W**L
A great book for anyone interested in oil
A great overview of everything oil. Easy to read and clear explanations.
R**A
Topkauf für Hintergrundinfos zu den Ölmärkten
Ein gutes Buch zum Thema Oil, das sich jedoch zu einem ganz erheblichen Teil nicht mit dem Handel von Öl (also Futures etc.) beschäftigt sondern das physische Produkt und den Markt erklärt: Zum Beispiel finden sich so seitenlange Abhandlungen darüber welche verschiedenen Ölbohrköpfe es gibt, wie spezielle Teile einer Raffinerie aufgebaut sind und wie verschiedene Petrochemikalien chemisch zusammengesetzt sind. Der Autor erklärt dabei anschaulich für einen intelligenten Laien. Im Stil ähnlich wie z.b. ein Artikel im "Economist". Ich finde das Buch persönlich hochinteressant, hätte mir jedoch durchaus mehr zum Thema Handel erhofft. Auch ist das Buch sehr US-zentrisch. Ich vermute dass manch ein potentieller Käufer dieses Buch missversteht: Oil 101 ist im Prinzip ein technischer Einstieg für Wirtschaftswissenschaftler in den Ölmarkt. Das Buch enthält keine ethische Bewertung des Themas. Ebenso fehlen praktische Tips zum Investieren für Privatanleger. Too long didn't read: Für mich ein Topkauf.
E**S
Best Introductory Text on The Industry
As someone who is involved in a peripheral business to Oil & Gas, this book filled all the holes in what I thought I knew about the industry. As far as I am concerned, this is a must read text for anybody with involvement in Oil & Gas.
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