Oil, oil, oil….petroleum
So goes the background song in a documentary video based on Daniel Yergin’s book ‘The Prize’ on the oil industry. (http://www.youtube.com/watch?v=B1w3whd11dc)
The Prize got him Pulitzer award, but that was two decades ago. After that oil industry has changed a lot, new supply sources were identified, geopolitics became one of the influential factors in oil pricing and energy security became an important consideration for governments all over the world. There was look out for alternatives but the difficulties faced there increased the importance of oil further.
So it made Daniel to come out with a new book The Quest to document all the changes in the industry and their implications. Interesting read for those who want to know more about the black gold and the politics around it.