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Oil's Endless Bid Taming the Unreliable Price of Oil to Secure Our Economy

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ISBN-10: 0470915625

ISBN-13: 9780470915622

Edition: 2011

Authors: Dan Dicker

List price: $26.99
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According to author Dan Dicker, businesses and consumers are suffering from the out of control price of oil. Nothing about the price of oil makes sense based on the author's long career as a trader. Around 2008, financial players including investment banks, energy hedge funds and managed future funds began to dominate energy trading. Soon, these players wreaked havoc on the oil price and it seems unlikely prices will drop without some dramatic action, on the part of both government and private companies.Dicker is an oil trader working in the center of the action, in the pits of the New York Mercantile Exchange, and in Oil's Endless Bid he recalls his experiences and tracks the changes in…    
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Book details

List price: $26.99
Copyright year: 2011
Publisher: John Wiley & Sons, Limited
Publication date: 4/27/2011
Binding: Hardcover
Pages: 352
Size: 5.98" wide x 9.21" long x 1.15" tall
Weight: 1.188
Language: English

Intoduction The Oil Market Is Broken
A Brief Look Back at the Good Old Bays of Oil Trading
Oil's Endless Bid: What Caused It?
The Assetization of Oil, Part 1: Commodities Aren't Stocks
The Assetization of Oil, Part 2: The Problem with Commodity Indexes and Exchange-Traded Funds
The Rise of the Investment Banks and Their Financial Finagling
Increased Access to Trading Oil: The Trading floor Goes Online
The Destruction of Reliable Fundamental Pricing of Oil
Why Oil Traders Don't Care about the Price of Oil-Or the Value of the Dollar
Oil Traders Couldn't Care Less about Peak Oil
Alternative Sources of Oil
Proof of Oil's Endless Bid: Crack Spreads
The Fuel that the Endless Bid Forgot: Natural Gas
Where Are We Headed?
What Needs to Be Done
Epilogue Oil's Endless Bid Appears in the Gulf of Mexico
A Brief Review of the History of Futures
An Extreme Example of Intervention in the Futures Market: How Three Dallas Oil Tycoons Tried to Corner the Silver Market