The Prize The Epic Quest For Oil, Money, And Power Essay

Oil has repeatedly been referred to as any economy’s lifeblood. Whereas this is an overemphasis, oil has been the utmost key, nonhuman resource of economy throughout the largest part of the 20th century. In the book â€Å"The Prize: The Epic Quest for Oil, Money, And Power† by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic prominence of this product. The book was published by Simon and Schuster in 2011 in New York, and contains 928 pages, as its ISBN is 1439134839. This research paper aims to provide a book review on Daniel Yergin’s â€Å"The Prize.† In the â€Å"The Prize: The Epic Quest for Oil, Money, And Power,† Yergin undertakes the reader upon a thorough and enjoyable journey through oil history, from the first 1859 well drilling by Colonel Edwin in Pennsylvania during up to the invasion of Kuwait by Saddam Hussein in a wrathful grab for oil and wealth in 1990 August. Yergin explores the role of oil in warfare, depicts the ever-changing organization of the oil sector, and examines the prominent, as well as often flamboyant petroleum players. The book is a well-researched and well-written, and supplement to a history branch, which until very lately, had been regrettably neglected—history of business. These are amongst the cycles and roots recollected by Yergin within a work, which deserves to be the standard manuscript on oil history. Half energy expert and half historian, Yergin, the president and confounder of CambridgeShow MoreRelatedThe Prize : The Epic Quest For Oil, Money, And Power By Daniel Yergin Essay2163 Words   |  9 Pages Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book â€Å"The Prize: The Epic Quest for Oil, Money, And Power† by Daniel Yergin, the author illustrates the political, s ocietal, economic, and geo-strategic importance of this product. Yergin is the IHS Vice Chairman, and as their website tells us, he is also a Pulitzer-Prize winning author andRead MoreThe Prize: The Epic Quest for Oil, Money and Power by Daniel Yergin2281 Words   |  9 Pageshighly respected individual in international politics, economics and power. Despite being a Pulitzer Prize Winner, he is also the recipient of the 1997 United State Energy Award for his achievement in power and the promotion of international understanding. He has written extensive accounts on the global changes towards political and economic destiny of the world since WWII. His book ‘The Prize: The Epic Quest for Oil, Money and Power’ published in 1992, which depicted the turmoil in Russia’s move toRead MoreEconomic Issues Independent Research Assignment965 Words   |  4 Pagesthe causes and consequences of the changing price of WTI crude oil and recent trends in the global price of oil. It will also include the effects of the ever-changing price o f oil on individuals, business firms, governments and the economy. Data Price per barrel The price per barrel for oil has substantially fluctuated over the years, but in this current year of 2015 it has been kept to a reasonably low price. The price of crude oil WTI on the 21st of February 2015 is $50.34 US a barrel as shownRead MoreThe Iraq War1487 Words   |  6 Pagesinfluence world politics is primarily based on much power they have. In purely academic terms, power is the ability of Actor A to get Actor B to do something that B would otherwise not do; the ability to get the other side to make concessions and to avoid having to make concessions oneself (Frieden P. A-6). Power is usually represented by the capability of a state to preserve or tip the balance of power towards their own national interests. Balance of power refers to a situation in which the military capabilitiesRead MoreThe Epic Quest For Oil, Money, And Power2499 Words   |  10 Pageshalf of its oil supply, weakening its overall strategic position and adding greatly to an already burdensome trade def icit – a precarious position for a great power† (Yergin 14). So said Daniel Yergin in the prologue of his 1990 bestseller The Prize: The Epic Quest for Oil, Money, and Power. Today, oil retains its importance in the hydrocarbon societies of developed and developing countries as a major engine of economic growth, but the story is not so simple. 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