Introduction to the Global Oil & Gas Business Review

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(More customer reviews)I just finished reading this book, which is totally focused on the economics of the industry. That's not surprising, considering that Van Vactor is an economist. If you are looking for anything about how the industry works from a technological or production point of view, you won't find it here.
However, you will find a good deal of very readable information about the peak oil theory; why many people believe that the liquid, flowing nature of oil is a good model for the entire oil industry; the role of OPEC in oil pricing; how NYMEX became the world's top oil-trading exchange; and alternatives to oil for transportation.
I did find a huge number of copy-editing errors in this book. I don't blame the author for this. Authors have little control over what happens to their manuscript once the publisher gets it.
I blame the publisher, PennWell. It seems that, like many other publishers, PennWell has decided that it can do without copyeditors. The result includes so many errors, such as missed words, doubled words, incorrect units (for energy, etc.), sentences without verbs and misplaced or missing or extra commas that I was sometimes at a loss to figure out what the words on the page meant. Commas matter. Verbs matter.
As informative and generally readable as this book is, it could really stand being re-published after a good copy-edit job.
Bridget Mintz Testa

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To the casual observer, the oil business seems constant and unchanging. The familiarity of the oil industry's retail outlets masks extraordinary changes in how the industry engages in its four primary sectors of activity: finding and producing crude oil, transportation, refining, and marketing.In his new book, noted energy economist Dr. Samuel A. Van Vactor chronicles the oil industry's transformation over the last century and discusses the future of an industry that has been pronounced dead or dying by its critics on numerous occasions since the early development of coal and the steam engine.New professionals, industry executives, government officials, and academicians will find Introduction to the Global Oil & Gas Business to be a concise introduction to the industry and an invaluable source of information.

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