Description

Introduction: The Oil Market Is Broken.Chapter 1: A Brief Look Back at the Good Old Days of Oil Trading.Part I: Oil's Endless Bid: What Caused It?Chapter 2: The Assetization of Oil, Part 1: Commodities Aren't Stocks.Chapter 3: The Assetization of Oil, Part 2: The Problem with Commodity Indexes and the Exchange-Traded Funds.Chapter 4: The Rise of the Investment Banks and Their Financial Finagling.Chapter 5: Increased Access to Trading Oil: The Trading Floor Goes Online.Part II: The Destruction of Reliable Fundamental Pricing of Oil.Chapter 6: Why Oil Traders Don't Care about the Price of Oil--or the Value of the Dollar.Chapter 7: Oil Traders Couldn't Care Less about Peak Oil.Chapter 8: Alternative Sources of Oil—and Why Investors Should Care.Chapter 9: Proof of Oil's Endless Bid: Crack Spreads.Chapter 10: The Fuel that the Endless Bid Forgot: Natural Gas.Part III: Where Are We Headed?Chapter 11: What Needs to Be Done.Epilogue: Oil's Endless Bid Appears in the Gulf of Mexico.Appendices.Appendix A: A Brief Review of the History of Futures.Appendix B: An Extreme Example of Intervention in the Futures Market: How 3 Dallas Oil Tycoons Tried to Corner the Silver Market.Index.