The Prize : The Epic Quest For Oil, Money, And Power By Daniel Yergin Essay

2163 Words9 Pages
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 “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 Minister, 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 examines
Open Document