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Oil Politics: A Modern History of Petroleum Paperback – 5 Jan 2010


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'Francisco Parra's long service in the oil industry and his rare intellectual capabilities make him an authority on this subject. [His] book is a must.' --Dr F J Chalabi, Executive Director, Centre for Global Energy Studies

'Few in the industry can match the variety of Parra's experience. This is a world-class book and a must for all those interested in international oil policies and politics, and a good read as well.' --Nordine Ait-Laoussine, former Algerian Minister of Oil

'This is a splendid volume: erudite; lucid; forthright; full of insight; and a rollicking good read, to boot...Frank Parra has written a tour-de-force, a thinking man's 'Prize'' --International Atomic Energy Agency Journal

'Few in the industry can match the variety of Parra's experience. This is a world-class book and a must for all those interested in international oil policies and politics, and a good read as well.' --Nordine Ait-Laoussine, former Algerian Minister of Oil

'This is a splendid volume: erudite; lucid; forthright; full of insight; and a rollicking good read, to boot...Frank Parra has written a tour-de-force, a thinking man's 'Prize'' --International Atomic Energy Agency Journal

About the Author

Francisco Parra is an ex-Secretary-General of OPEC and, as a petroleum economist, has spent a life-time in the oil business. He has published numerous papers and articles on the oil industry.

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First Sentence
The international oil industry expanded quickly after the Second World War, largely from the base of the low-cost oil reserves discovered in Venezuela and a handful of countries in the Middle East, by a handful of US and European companies, later dubbed "The Seven Sisters" by Enrico Mattei, head of Italy's national oil company, AGIP. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Amazon.com: 4 reviews
6 of 6 people found the following review helpful
Fascinating account of the development of the petroleum industry and the political and economic consequences thereof 16 Oct. 2010
By S. McDowall - Published on Amazon.com
Format: Paperback Verified Purchase
Mr Parra guides the reader through the development of petroleum resources from the beginning of the 20th century to the present. From extensive research and his own lengthy experience in the industry, the author manages to construct a compelling narrative, focusing on the economics of the resource and the political consequences thereof in the context of global and regional power struggles. The author explains the early conflicts arising from western imperialism with the dominance of the international oil companies over oil production in 'backward' states. When these states took control of production new conflicts arose, notably between them and the consuming nations but also amongst themselves.

The detailed description of the political and economic strategies of each of the actors toward the myriad challenges faced does much to explain the related actions of each (especially the United States) throughout the cold war period and after 1990 with the large scale involvement the USA in the Middle East power play which continues to the present.

Despite the author's long involvement as an 'insider' in the oil industry (OPEC Secretary General), I believe a thoroughly objective account is given. The author is very much forthcoming with criticisms of OPEC infighting and what he saw as their blunders of strategic policy. This book certainly shattered my preexisting notions of OPEC as a single headed price-gouging beast with near total market control. The author also demonstrates the sometimes confused position of the United States toward energy supply and national security and shows the complicitude of that nation in keeping oil prices at "reasonable" (read: high) levels despite being the largest single consumer and net importer.

One criticism I make concerns the lack of a glossary. There is a table of acronyms but the author sometimes uses others not listed and uses words of importance which, in my opinion, really could do with being explained in context. Some more graphical figures relating to oil consumption, reserves, production and price and the national/corporate basis thereof would likely help the reader to better understand the forces at play here.
Book is well structured on Oil Politics 7 Dec. 2012
By Solomon Adjei-Boateng - Published on Amazon.com
Format: Paperback Verified Purchase
The book is more insightful and provides student of oil and gas economics with the requisite politics in oil gas. I will recommend to both student and practitioners in the oil and gas industries
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Useful for understanding the environment of oil 26 Aug. 2013
By L. Rost - Published on Amazon.com
Format: Paperback Verified Purchase
Good clear explanation of the political issues that affect oil production, refining and supply. A very good foundation if you want to develop a better understanding of oil politics
all good. Thank you 24 Dec. 2014
By guisela petra - Published on Amazon.com
Format: Paperback Verified Purchase
Arrived very well, all good.
Thank you.
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