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

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

by Dan Dicker
     
 

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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

Overview

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.

Product Details

ISBN-13:
9780470915622
Publisher:
Wiley
Publication date:
04/12/2011
Pages:
338
Product dimensions:
6.20(w) x 9.10(h) x 1.50(d)

Meet the Author

Dan Dicker had more than twenty years' experience on the floor of the New York Mercantile Exchange, where he traded crude oil, natural gas, unleaded gasoline, and heating oil futures contracts for his own accounts. He is currently President and partner of MercBloc LLC, a wealth management firm, as well as a senior contributor at Jim Cramer's TheStreet.com, where he writes on the energy markets and investing in the energy space. He has lent his expertise as an oil markets analyst in hundreds of live radio and television broadcasts on CNBC, Bloomberg, Nightly Business Report, and ABC News. Dan lives with his wife and family in New York.

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