Dimensions
135 x 203 x 25mm
Under the thumb of an all-powerful international oil cartel, the world's energy market had long eluded the grasp of America's hungry capitalists. Neither the oil royalty of Houston, nor the denizens of Wall Street had ever dared attempt to wrest away control. But facing near-extinction, the rough-and-tumble traders of the ailing New York Mercantile Exchange went after this Goliath and won, creating the first free oil market and minting trillions in the process. Their stunning journey from poverty to prosperity - recently culminating in one of the biggest IPOs since the height of the dot-com boom - belies the brutal and violent history that is their legacy.
In the same way that Kurt Eichenwald's "Conspiracy of Fools" exposed Enron, THE ASYLUM will rip the lid off the entire $10 trillion global energy market, laying bare the harsh realities of how raw ambition and the endless quest for wealth, if left unchecked, can change the very nature of both man and market. In rich detail, this book will unmask, for the first time, the global oil market in all its unscripted and dysfunctional glory, introducing real-life characters by their real names and revealing the truth about how this strange empire haphazardly rose to power. Award-winning journalist Leah Goodman also will explain why the world's energy prices, which affect so many, have fallen into the hands of so few, and what it all means for the average cash-strapped consumer.
