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Money, Politics, and Power in the 21st Century

This book is available for download with iBooks on your Mac or iOS device, and with iTunes on your computer. Books can be read with iBooks on your Mac or iOS device.


With unparalleled insight into BP and its safety record leading up to the disaster in the Gulf of Mexico, Tom Bower gives us a groundbreaking, in-depth, and authoritative twenty-year history of the hunt and speculation for our most vital natural resource.


Money, Politics, and Power in the 21st Century

Twenty years ago oil cost about $7 a barrel. In 2008 the price soared to $148 and then fell to below $40. In the midst of this extraordinary volatility, the major oil conglomerates still spent over a trillion dollars in an increasingly frantic search for more.

The story of oil is a story of high stakes and extreme risk. It is the story of the crushing rivalries between men and women exploring for oil five miles beneath the sea, battling for control of the world's biggest corporations, and gambling billions of dollars twenty-four hours every day on oil's prices. It is the story of corporate chieftains in Dallas and London, traders in New York, oil-oligarchs in Moscow, and globe-trotting politicians-all maneuvering for power.

With the world as his canvas, acclaimed investigative reporter Tom Bower gathers unprecedented firsthand information from hundreds of sources to give readers the definitive, untold modern history of oil . . . the ultimate story of arrogance, intrigue, and greed.

From Publishers Weekly

May 10, 2010 – In this penetrating study of the modern petroleum industry, journalist and historian Bower (Outrageous Fortune) portrays the last 30 years as a time of both obscene profits and white-knuckle perils for the major oil companies. Having lost market share and pricing power to OPEC, government oil monopolies, and all-powerful commodities markets, Bowers contends, oil companies are locked in a desperate scramble for reserves, most of them located in unstable countries ruled by hostile potentates. He follows executives and engineers as they drill ever deeper under the sea for elusive deposits, brave Machiavellian negotiations with Vladimir Putin and the Russian oligarchs, and kowtow to Hugo Chavez for access to Venezuela’s fields. They weather oil spills, refinery explosions, antitrust regulators, and global warming activists. Bower wallows overmuch in boardroom soap opera, but his analysis of the industry and its shocking price swings is a persuasive one that eschews conspiracy theories and peak oil alarmism to focus on rising demand for reserves that are plentiful but hard to get at. The result is an illuminating look at a business whose real workings are more interesting than the mythology surrounding them.

Customer Reviews

Amazing Book!

Tom Bower's Oil picks up right where Daniel Yergin's "The Prize" ends. This book provides excellent detail on what occurred behind the scenes in the oil industry over the past 20 years. Particularly, the events that have transpired over the past decade, as the price of oil climbed above $140/barrel. While the news events were noteworthy, the real events that played out behind the scenes between governments, companies and other power players answers many questions.


This book is a lame attempt to capitalize on the Gulf oil spill crisis! Don't but this book and allow a bottom feeder to make money on such a tragedy.

View In iTunes
  • $9.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Business & Personal Finance
  • Published: Jun 03, 2010
  • Publisher: Grand Central Publishing
  • Seller: Hachette Digital, Inc.
  • Print Length: 512 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

Customer Ratings