Buy new:
$29.95$29.95
Arrives:
July 26 - Aug 3
Ships from: Amazon.com Sold by: Amazon.com
Buy used: $23.90
Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required. Learn more
Read instantly on your browser with Kindle for Web.
Using your mobile phone camera - scan the code below and download the Kindle app.
Follow the Authors
OK
Oil 101 First Edition
Purchase options and add-ons
In OIL 101, Downey provides the facts one needs to understand oil, from its history and chemistry, to refining, finished products, storage, transportation, alternatives, and how prices are determined every day in global wholesale oil markets and how those markets are connected to prices at the pump.
- ISBN-100982039204
- ISBN-13978-0982039205
- EditionFirst Edition
- PublisherWooden Table Press
- Publication dateJanuary 1, 2009
- LanguageEnglish
- Dimensions6 x 1.13 x 9 inches
- Print length452 pages
Frequently bought together

What do customers buy after viewing this item?
- Highest ratedin this set of products
The Prize: The Epic Quest for Oil, Money & PowerPaperback$19.30 shipping - Lowest Pricein this set of products
Fundamentals of Oil & Gas Industry for BeginnersSamir DalviPaperback$15.97 shipping - Most purchasedin this set of products
The World for Sale: Money, Power, and the Traders Who Barter the Earth's ResourcesPaperback$16.83 shipping
40 Classic Crude Oil Trades (Routledge Classic Market Trades)Paperback$16.01 shippingGet it as soon as Monday, Jul 24
Editorial Reviews
Review
"I read a lot of books. A quick measure comes up with more than 10 ft of shelf space filled with books relating to the topic...of my collection only 8 books sit on my desk. Today I added another to that rather select group. It is Morgan Downey's "Oil 101"
...It differs from them, however, both in being focused not just on oil, but also in explaining more of the financial matters that play such a significant part in the price we pay for oil and thereafter for the gas that goes into the tank.
...This is useful not just to the neophyte.
...While providing some background to the debate on current world oil reserve calculations, he does not take a specific position within it. Given the nature of the debate, that is perhaps wise.
...the book will stay on my desk, and start to look as worn as some of the others."
--www.theoildrum.com, February 17, 2009
Review
...It differs from them, however, both in being focused not just on oil, but also in explaining more of the financial matters that play such a significant part in the price we pay for oil and thereafter for the gas that goes into the tank.
...This is useful not just to the neophyte.
...While providing some background to the debate on current world oil reserve calculations, he does not take a specific position within it. Given the nature of the debate, that is perhaps wise.
...the book will stay on my desk, and start to look as worn as some of the others."
From the Inside Flap
From the Back Cover
About the Author
Product details
- Publisher : Wooden Table Press; First Edition (January 1, 2009)
- Language : English
- Hardcover : 452 pages
- ISBN-10 : 0982039204
- ISBN-13 : 978-0982039205
- Item Weight : 1.75 pounds
- Dimensions : 6 x 1.13 x 9 inches
- Best Sellers Rank: #105,471 in Books (See Top 100 in Books)
- #2 in Petroleum Engineering
- #26 in Oil & Energy Industry (Books)
- #29 in Commodities Trading (Books)
- Customer Reviews:
About the authors

Discover more of the author’s books, see similar authors, read author blogs and more

Discover more of the author’s books, see similar authors, read author blogs and more
Customer reviews
Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them.
To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyzed reviews to verify trustworthiness.
Learn more how customers reviews work on Amazon-
Top reviews
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
I am only about halfway through this book, and the information in it is well worth the money I paid. Being early on in my career, my primary focus of learning and development has been very heavily tax-law focused. However, now that I have formed a decent foundation in that area, I am shifting my focus to better understanding the industry that I serve. I want move beyond my client information being merely numbers on spreadsheets to having a better understanding of where those numbers came from. This book is serving that purpose very well.
As others have mentioned, it is a little dated, and there are some grammatical and punctuation errors throughout. I used to be a writing tutor in my college days, so I have never broken the habit of proofreading all of the time. That said, they are not so prevalent that it makes the book difficult to read and do not detract severely from the content. The dated nature of the information, while mildly limiting (I would have bought a newer version had it been available), was not a problem for me because all of the most up-to-date technologies and theories were not things I was looking to find.
Would I recommend this book if you went to school to be a field or petroleum engineer? Definitely not. Am I recommending it to my coworkers who have goals similar to mine? Absolutely. They don't get my copy until I'm finished, and I will be making sure I get it back.
I have two criticisms to give neither of which managed to diminish my inclination toward a five-star review. I guess my appreciation for the content over-rode both my cautions. Firstly, the shipping time was way too long. The book is a fast moving stock item and should at least be stocked to reduce shipout time. Secondly, the language, though simple to read at any level, is sufficiently poor in places to totally derail the flow and require you to read the same sentence twice or more. You will ultimately get the idea the author is trying to convey so I dont see this as being worth an entire star in the final rating. "Oil 101" is definitely a worthy investment rather than an expense and will aptly prime newcomers to the industry in just as much time as it takes them to read it.
It's a solid book; if I were the author, I'd update it to include a more modern take on fracking, batteries, renewables, and electric transportation, and send it to a professional editor. Seriously, at times the errors and language made me think I had received a Chinese knockoff of a book written in English.
Buy Oil 101 if you are a scientific person who follows the financial markets, but you have never worked with nor traded oil. Oil 101 isn't the be-all, end-all of books on oil, but it is a worthy place to start.
Top reviews from other countries
So in summary the ideal reader for Oil 101 has a degree in Chemistry, Chemical Engineering, or Petroleum Engineering, plus a Master's in Banking and Finance, for the oil trading material towards the end of the book. That will save the reader from having to get to grips with technical terms the reader will have met before when completing their degree.
I've been in an oil company for a number of years and found the book enlightening, interesting and absolutely vital to anyone with even a passing interest in the industry, either Oil or Gas (which is also covered).
The data is bang up to date, encompassing biofuels and the latest developments.
I can't recommend this enough, it is a bargain at the RRP.
As an example I will quote a line from page 132, in the chapter on exploration and production.
"Recently, much has recently been made of the water cut in Saudi Arabia."
It is tough to read at some points because this book was in excess of $20, you would expect it to have been proof-read and edited by, say for example, an english professor.
All in all the book is thorough, detailed and concise. ~ I would recommend it to anyone trying to broaden their view on the global supply chain of oil which affects every person on the planet, unless of course you are a nomad...







