Summary of The Prize

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Rating

9 Overall

9 Importance

9 Innovation

10 Style

Recommendation

This significant tome is Daniel Yergin’s fascinating, 1992 Pulitzer prize-winning account of the personalities, politics, adventures and misadventures behind the evolution of the ruthless global oil business. This authoritative, intelligent and highly entertaining book reports on the past, present and future of the commodity that shapes the world power struggle. Yergin delves knowledgeably into fulcrum events. For example, shortly before World War I, Winston Churchill made the fateful decision to convert British navy’s fuel from coal to Iranian oil. This decision set off the modern Western quest for Middle Eastern oil. The world is still feeling its wrenching impact, and Yergin shows how and why. getAbstract finds that this book provides an essential context for understanding today’s international conflicts.

In this summary, you will learn

  • How the global oil business evolved;
  • How driven men and their discoveries formed the major oil companies; and
  • What role oil plays in world events.
 

About the Author

Daniel Yergin heads an international energy consulting firm. A former lecturer at the Harvard Business School and at Harvard’s John F. Kennedy School, he co-authored the bestseller Energy Future. His book Shattered Peace is a classic history on the origins of the Cold War.

 

Summary

Inside Oil
Three overarching themes emerge from the history of the oil business: Oil is intertwined with capitalism and modern corporations – Oil is the world’s largest business. It powers the industry that developed modern pricing, marketing, corporate strategy...

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