02715nam a2200385 a 4500 ebr10456206 CaPaEBR m u cr cn||||||||| 101220s2011 njua s 001 0 eng d 2010053527 9780470915622 (cloth) 9781118030400 (e-book) 9781118030417 (e-book) 9781118030394 (e-book) CaPaEBR CaPaEBR (OCoLC)715190330 HD9560.4 .D53 2011eb 338.2/3282 22 Dicker, Dan, 1960- Oil's endless bid [electronic resource] : taming the unreliable price of oil to secure our economy / Dan Dicker. Hoboken, N.J. : John Wiley & Sons, c2011. xiv, 338 p. : ill. Includes index. pt. 1. Oil's endless bid : what caused it -- pt. 2. The destruction of reliable fundamental pricingof oil -- pt. 3. Where are we headed?. "Expert analysis of rising oil prices and the out-of-control oil markets that jeopardize both national security and the economy. The price of oil is negatively impacting both companies and consumers. In Oil's Endless Bid: Taming the Unreliable Price of Energy to Secure Our Economy, energy analyst Dan Dicker recalls his experiences as an oil trader and reveals the changes that have taken place in the oil markets during the past twenty years, and particularly the last five, as investment banks, energy hedge funds, and managed futures funds have come to dominate energy trading and wreak havoc on prices. Reveals why oil prices cannot stabilize without dramatic action on the part of both government and business. Details how the novel, but wrong, idea of oil as an asset class took a sleepy, club-like market into the national spotlight. Describes how the United States is unnecessarily handing its wealth over to foreign oil producers during a time when the potential supply of oil is greater than ever. Written by an industry insider, Oil's Endless Bid analyzes the biggest financial story of the last ten years, how we lost control of our oil markets"-- Provided by publisher. Electronic reproduction. Palo Alto, Calif. : ebrary, 2013. Available via World Wide Web. Access may be limited to ebrary affiliated libraries. Petroleum products Prices. Petroleum reserves. Petroleum industry and trade. Commodity futures. Electronic books. local ebrary, Inc. http://site.ebrary.com/lib/rucke/Doc?id=10456206 An electronic book accessible through the World Wide Web; click to view 123237 123237