The Prize The Epic Quest For Oil, Money, And Power By...

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book â€Å"The Prize: The Epic Quest for Oil, Money, And Power† by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product. Yergin is the IHS Vice Chairman, and as their website tells us, he is also a Pulitzer-Prize winning author and leading authority on energy, international politics and economics. He graduated from Yale University, and received his Ph.D. from Cambridge University. In addition to The Prize, which won the Pulitzer Prize, he is also known for his book The Quest Energy, Security, and the Remaking of the Modern World. He has been awarded the United States Energy Award, the Charles Percy Award for Public Service from the Alliance to Save Energy, a Lifetime Achievement Award by India s Prime Mini ster, and many others (IHS, 2014). Yergin has a vast knowledge and understanding for the oil industry including its history and future implications. In this book, Yergin takes the reader on journey through oil history, from the first 1859 well drilling by Colonel Edwin in Pennsylvania up to the invasion of Kuwait by Saddam Hussein in a wrathful grab for oil and wealth in August of 1990. Yergin explores the role of oil in warfare, describes the changing organization of the oil sector, and examinesShow MoreRelatedThe Prize: The Epic Quest for Oil, Money and Power by Daniel Yergin2281 Words   |  9 PagesDaniel Yergin is the chairman of Cambridge Energy Research Association and a highly respected individual in international politics, economics and power. Despite being a Pulitzer Prize Winner, he is also the recipient of the 1997 United State Energy Award for his achievement in power and the promotion of international understanding. He has written extensive accounts on the global chan ges towards political and economic destiny of the world since WWII. His book ‘The Prize: The Epic Quest for Oil, MoneyRead MoreThe Prize : The Epic Quest For Oil, Money, And Power Essay1942 Words   |  8 Pages Oil has repeatedly been referred to as any economy’s lifeblood. Whereas this is an overemphasis, oil has been the utmost key, nonhuman resource of economy throughout the largest part of the 20th century. In the book â€Å"The Prize: The Epic Quest for Oil, Money, And Power† by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic prominence of this product. The book was published by Simon and Schuster in 2011 in New York, and contains 928 pages, as its ISBN isRead MoreThe Epic Quest For Oil, Money, And Power2499 Words   |  10 Pageshalf of its oil supply, weakening its overall strategic position and adding greatly to an already burdensome trade deficit – a precarious position for a great power† (Ye rgin 14). So said Daniel Yergin in the prologue of his 1990 bestseller The Prize: The Epic Quest for Oil, Money, and Power. Today, oil retains its importance in the hydrocarbon societies of developed and developing countries as a major engine of economic growth, but the story is not so simple. When Yergin wrote The Prize, the UnitedRead MoreThe Iraq War1487 Words   |  6 Pagesinfluence world politics is primarily based on much power they have. In purely academic terms, power is the ability of Actor A to get Actor B to do something that B would otherwise not do; the ability to get the other side to make concessions and to avoid having to make concessions oneself (Frieden P. A-6). Power is usually represented by the capability of a state to preserve or tip the balance of power towards their own national interests. Balance of power refers to a situation in which the military capabilitiesRead MoreDubais Political and Economic Development: Essay38738 Words   |  155 PagesTable of Contents I Persian Gulf Development Literature Oil Curse Literature Arab and Islamic Factors Regional Ovemiew and Historical Background Dubais Development History I1 PI1 Explaining Dubai9sDevelopment Outcome Why Not Other Gulf States? Dubai versus the Development Literature IV Dubai in a Cornparatbe Corntext Saudi Arabia Qatar Brunei Conclusion Appendix Bibliography Introduction Dubai, a tiny, oil-exporting city-state located in the Persian Gulf, has recentlyRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesdetermining beginnings and endings that accord with major shifts in political and socioeconomic circumstances and dynamics rather than standard but arbitrary chronological break points. In the decades that followed the Great War, the victorious European powers appeared to have restored, even expanded, their global political and economic preeminence only to see it eclipsed by the emergence of the Soviet and U.S. superpowers on their periphery and a second round of even more devastating global conflict.