The Squeeze Paperback – 27 May 2010
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'A gripping and convincing account of the turbulent story of the global oil industry over the past decade…scorchingly topical…’The Squeeze’ provides the fascinating story behind the headlines…a first-rate account of where the oil industry is now and some useful pointers as to where it is going' Financial Times
'Reveals brilliantly the drama behind the scenes…Bower has produced a work which will be popular and which gets the broad brushstrokes right' Spectator
'Gripping…However fast-paced, Bower cleverly keeps the action in focus …(he) builds up a brilliant picture…(and) achieves an impressively seamless continuity. He skillfully depicts accountants squeezing costs, oil majors squeezing rivals, governments squeezing the industry, directors squeezing peers from the boardroom and traders squeezing each other in the market place' TLS
'A shattering critique which will leave…readers angry' Independent
'A roller-coaster account of the past 30 years of the oil industry…he has a real sense of the drama of deal-making and deal-breaking…Bower is particularly entertaining on the vast Russian oil industry' Daily Telegraph
From the Publisher
The Squeeze is an invaluable account of the modern oil industry and vital to understanding the awful truth about the current disaster in the Gulf of Mexico. With unprecedented access to their engineers and executives in London and Houston, Tom Bower tells the inside story of BP's history of alleged negligence.
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Top Customer Reviews
After the first twenty pages I found my increasing annoyance had turned into my correcting numerical errors in the text; where millions and billions are often mixed up or where countries are transposed with field names and so on. A proof read of the book by someone with a technical background could easily have removed these annoying errors.
But those faults did not detract from the flow of the book although I was left wondering if the non numerical statements and conclusions were sometimes as inaccurate as the numerical errors.
Nevertheless this is book is a great read for someone in or not in the world of oil and gas. The book does draw out the significant changes that have and continue to take place as the oil majors see the balance of commercial influence having all but entirely moved to the national oil companies and the trading floors.
Having spent four decades or so in the oil industry with Shell, albeit not at the top (though close to it at times) I was staggered by the revelations in "The Squeeze". There is not a multinational oil corporation, a national oil company, a trader or anybody else which comes out of the history of the oil industry over the last twenty years with much credit. And Bower does not even discuss in detail the biggest bunch of crooks of all - the leaders of Enron whose dysfunctionality and illegalities are well known. I often tell a story of how back in 2000 I travelled on business to Houston to visit Shell's US Company "Shell Oil" whose headquarters are there. On my way from the airport with one of their executives I was taken on a detour to see a sports stadium the newly named "Enron Field", home of the Major League Baseball team the Houston Astros. "That's what we (Shell) should do" he said pointing at the stadium "and we could learn from Enron in how to run an Energy company as well. We are much too risk adverse in Shell".
Risk is endemic in the oil business and always has been and it's very hot at times - so those who can't stand the heat are well advised to keep away from the kitchen.Read more ›
I have been in the business for 30 years and know some of the characters described - one of two of them quite well. The rather sensational descriptions of personalities and motivations are a stretched in places. If Tom Bower gets his description of them wrong and then couples that with multiple (and I mean multiple) innacuracies with facts then how much faith can I have in he bits I'm less familiar with.
A missed opportunity.
Most Recent Customer Reviews
Currently my bedtime reading. It's fascinating. I worked on Shell IT changes for 5 years so its a good insight how those at the top operatePublished 8 months ago by Lord Lancaster
A Rip-Roaring tale of the ugly side of big oil corporations and the people behind them. Superbly informative and an enjoyable read.Published on 28 Jun. 2014 by Mr Gareth R Pritchard
This author knows his subject inside out. Highly informative read proving an insight into the machinations of big oil. Highly recommended.Published on 26 May 2014 by John Donovan
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