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The Prize


The Prize


The Epic Quest for Oil, Money and Power


by Daniel Yergin

This is a must read for anyone interested in the energy industry, and the influence that energy and energy policies can have in the world. This book covers the history of oil from the first oil seepages in the mid-nineteenth century until the late twentieth century. Some fascinating takeaways for me were:
  • The history of Standard Oil and Rockefeller, including the anti-trust laws and the eventual break up of Standard Oil.
  • How oil shaped world politics in the twentieth century through its impact in the world wars, particularly WWII
  • How policy making in the western world was influenced oil and how the oil producing countries adapted/reacted to that. Also how policies of the oil producing countries caused oil companies to adapt.
It also helped me understand the culture of the major oil companies from a historical perspective.
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