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The Age of Oil: The Mythology, History, and Future of the World's Most Controversial Resource

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Oil is the most vital resource of our time. Because it is so important, misperceptions about the black gold abound. Leonardo Maugeri clears the cobwebs by describing the colorful history of oil, and explaining the fundamentals of oil production. He delivers a unique, fascinating, and controversial perspective on the industry--as only an insider could. The history of the oi Oil is the most vital resource of our time. Because it is so important, misperceptions about the black gold abound. Leonardo Maugeri clears the cobwebs by describing the colorful history of oil, and explaining the fundamentals of oil production. He delivers a unique, fascinating, and controversial perspective on the industry--as only an insider could. The history of the oil market has been marked, since its inception, by a succession of booms and busts, each one leading to a similar psychological climax and flawed political decisions. In a single generation, we've experienced the energy crisis of 1973; the dramatic oil countershock of 1986; the oil collapse of 1998-99 that gave rise to the idea of oil as just another commodity; and the sharp price increases following hurricane Katrina's devastation in the Gulf of Mexico. Today, we are experiencing a global oil boom that, paradoxically, seems to herald a gloomy era of scarcity exacerbated by growing consumption and the threat from Islamic terrorism in the oil-rich Middle East. Maugeri argues that the pessimists are wrong. In the second part of his book, he debunks the main myths surrounding oil in our times, addressing whether we are indeed running out of oil, and the real impact of Islamic radicalism on oil-rich regions. By translating many of the technical concepts of oil productions into terms the average reader can easily grasp, Maugeri answers our questions. Ultimately, he concludes that the wolf is not at the door. We are facing neither a problem of oil scarcity, nor an upcoming oil blackmail by forces hostile to the West. Only bad political decisions driven by a distorted view of current problems (and who is to blame for them) can doom us to a gloomy oil future.


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Oil is the most vital resource of our time. Because it is so important, misperceptions about the black gold abound. Leonardo Maugeri clears the cobwebs by describing the colorful history of oil, and explaining the fundamentals of oil production. He delivers a unique, fascinating, and controversial perspective on the industry--as only an insider could. The history of the oi Oil is the most vital resource of our time. Because it is so important, misperceptions about the black gold abound. Leonardo Maugeri clears the cobwebs by describing the colorful history of oil, and explaining the fundamentals of oil production. He delivers a unique, fascinating, and controversial perspective on the industry--as only an insider could. The history of the oil market has been marked, since its inception, by a succession of booms and busts, each one leading to a similar psychological climax and flawed political decisions. In a single generation, we've experienced the energy crisis of 1973; the dramatic oil countershock of 1986; the oil collapse of 1998-99 that gave rise to the idea of oil as just another commodity; and the sharp price increases following hurricane Katrina's devastation in the Gulf of Mexico. Today, we are experiencing a global oil boom that, paradoxically, seems to herald a gloomy era of scarcity exacerbated by growing consumption and the threat from Islamic terrorism in the oil-rich Middle East. Maugeri argues that the pessimists are wrong. In the second part of his book, he debunks the main myths surrounding oil in our times, addressing whether we are indeed running out of oil, and the real impact of Islamic radicalism on oil-rich regions. By translating many of the technical concepts of oil productions into terms the average reader can easily grasp, Maugeri answers our questions. Ultimately, he concludes that the wolf is not at the door. We are facing neither a problem of oil scarcity, nor an upcoming oil blackmail by forces hostile to the West. Only bad political decisions driven by a distorted view of current problems (and who is to blame for them) can doom us to a gloomy oil future.

30 review for The Age of Oil: The Mythology, History, and Future of the World's Most Controversial Resource

  1. 4 out of 5

    Akshat Upadhyay

    An exhaustive history of the black gold, it seems to just glide over smoothly various phases starting with the legacy predating Rockefeller. The author lucidly explains all concepts related to the production, transportation and refining and manages to do it quite well. Overall an excellent book.

  2. 5 out of 5

    Sreedharnalam

    Bible of the history of oil. The author takes you through a journey from the birth of oil to its present situations. It is a real good book.

  3. 5 out of 5

    Zed

    An excellent review of the history of oil and the factors which play a role in the past, present and future.

  4. 5 out of 5

    Paul

    greekfire23 good book to read on oil

  5. 4 out of 5

    Chris Hawker

  6. 5 out of 5

    Luca Maria

  7. 4 out of 5

    Erica

  8. 5 out of 5

    Owen

  9. 5 out of 5

    Adekunle Oyelusi

  10. 4 out of 5

    Josh

  11. 5 out of 5

    Nicola

  12. 5 out of 5

    Noam Samson

  13. 4 out of 5

    Peter Kempenich

  14. 4 out of 5

    Chris Denz

  15. 4 out of 5

    Forza Onor

  16. 4 out of 5

    Rick

  17. 5 out of 5

    Neil Rempel

  18. 4 out of 5

    Gediminas

  19. 5 out of 5

    Den

  20. 4 out of 5

    Lea Fegley

  21. 5 out of 5

    Jordan

  22. 4 out of 5

    Rui Cordeiro

  23. 5 out of 5

    Lucas Worthen

  24. 5 out of 5

    Turner LaBrie

  25. 4 out of 5

    Sajjad

  26. 5 out of 5

    Zach

  27. 5 out of 5

    Aleksey Dubrovensky

  28. 4 out of 5

    Andy Mueller

  29. 4 out of 5

    Haider Hussain

  30. 5 out of 5

    Subhrashis Adhikari

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