Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations.Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how--even from the oil industry's first years--wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions--first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC--succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations--including mistakes to avoid--as we confront the unwelcome return of boom and bust oil prices.

    incursion into this complex, perplexing desert nation -- the latest in a long history of violent outside interventions. A country sitting atop the world's largest supply of crude oil, Iraq will continue to play an essential role in global economics and in Middle Eastern politics for many decades to come. Therefore, it is more important than ever for Westerners to have a clear understanding of the volatile, enigmatic "Land of Two Rivers" -- its turbulent past and its looming possibilities. In this acutely penetrating and endlessly fascinating study, acknowledged Middle East authority William R. Polk presents a comprehensive history of the tumultuous events that shaped modern Iraq, while offering well-reasoned judgments on what we can expect there in the years to come.

    Both the Republican and Democratic parties are radically different today, mainly as a result of Ronald Reagan and the force of his ideas. No twentieth century president shaped the American political landscape so profoundly.Craig Shirley’s Last Act is the important final chapter in the life of Reagan that no one has thus far covered. It’s the kind of book that widens our understanding of American history and of the presidency and the men who occupied it. To tell Reagan’s story, Craig has secured the complete, exclusive, and enthusiastic support of the Reagan Foundation and Library and spent considerable time there reviewing sealed files and confidential information.Cast in a grand and compelling narrative style, Last Act contains interesting and heretofore untold anecdotes about Reagan, Mrs. Reagan, their pleasure at retirement, the onslaught of the awful Alzheimer’s and how he and Mrs. Reagan dealt with the diagnosis, the slow demise, the extensive plans for a state funeral, the outpouring from the nation, which stunned the political establishment, the Reagan legacy, and how his shadow looms more and more over the Republican Party, Washington, the culture of America, and the world.