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Oil and Finance: The Epic Corruption Continues 2010-2012 Paperback – March 1, 2012

3.5 out of 5 stars 6 customer reviews

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Editorial Reviews


For most readers, the volume will most certainly shed a revealing light on the energy issue. As one of only a few voices willing and qualified to eloquently challenge the status quo, Raymond Learsy has once again proven his insight to be invaluable.
- Peter Dabbene at ForeWord Clarion

Kirkus Reviews - Learsy "has an insider's knowledge of the intricacies within the global financial web, which he explains with clarity and biting wit; yet he's not afraid to take bold, iconoclastic positions."
"Punchy prose and canny muckraking make for an informative, entertaining challenge to economic orthodoxy."

Kirkus Reviews says Oil and Finance is a "take-no-prisoners savaging of the global economy's oily underbelly."
Read Full Review here: kirkusreviews.com/book-reviews/raymond-j-learsy/oil-and-finance-2010-2012/#review

About the Author

Raymond J. Learsy, a graduate of Wharton School of Business, launched into the fast-paced, risk-filled world of commodities trading beginning five decades ago. In 1963, he started his own firm and over the course of 20 years expanded from the United States into Canada, the United Kingdom, Europe and Asia, trading in bulk raw materials and commodities. Learsy’s analysis of the international oil trade, OPEC, and its impact on the American and world economies has been featured in the National Review Online, The New York Times, the Pipeline and Gas Journal, CNBC and NPR, and as a regular contributor to The Huffington Post.

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Product Details

  • Paperback: 240 pages
  • Publisher: CreateSpace Independent Publishing Platform (March 1, 2012)
  • Language: English
  • ISBN-10: 1469903296
  • ISBN-13: 978-1469903293
  • Product Dimensions: 6 x 0.6 x 9 inches
  • Shipping Weight: 13.6 ounces (View shipping rates and policies)
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #3,070,069 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Paperback Verified Purchase
Contrary to what a previous reviewer contends, I found Oil and Finance: The Epic Corruption to be an eye-opener. In addition to naming OPEC as a participant in this cauldron of corruption, Learsy also throws others into the pot, too: oil companies, Hugo Chavez, Russia and other "Enemies Foreign." This section discusses how foreign influences effect the price of oil, our financial markets and our pocketbooks.

Learsy is not shy about throwing our own "enemies domestic" into the pot, either. Cronyism within and between the government, oil interests, and financial institutions are examined, and while the problems within this triumvirate are clearly and bluntly uncovered, Learsy offers insightful solutions as well.
While there are repetitions in the text, it is mostly due to the unique nature of the presentation of these essays - unique because the reader may read a "thread" of comments about a topic that spans five years to discover what has changed, evolved or improved - or has not! Over all, I found this book to be very interesting with quotes and reputable source data clearly cited.
I closed the cover wanting to call my elected officials and yell at them to make changes in government policy regarding the oil industry and the banking policies that allowed financial institutions to be bailed out with TARP money (your and my money!) This book will make you mad about what is being done and what is not being done by the policy-makers we elected into office.
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Format: Hardcover
Having read, Mr. Learsy's Over a Barrel a few years ago, I was quite eager to "listen" again to his observations, pleas, and solutions in Oil and Finance. As a former teacher, it is a habit of mine to give reading material a "once over" prior to getting in to the contents.
Here are my initial observations:
1.The format of the "Table of Contents" is superior to any I have seen. It serves as a timeline suitable for an instructor to use as a lesson plan guide as well as an anchor point for the general reader.
2.The introduction is written concisely and with great respect for the reader who does not want to "read-a-book" prior to reading THE book.
3.The Afterward efficiently ties up the discussion with pertinent updates and "fuels" the reader's thoughts.
4.The Index is thorough and user-friendly
The above comments show the quality of research and thought that goes in to the presentation. Mr. Learsy writes with a structured brilliance for detail and organization while keeping the reader informed and "comfortably" on track. I appreciated the use of the word SOMNOLENT in the Afterword; an excellent description of our government agencies.
Yes, the book is long but so is the time in which all he writes about has been happening. There are years of observation and thought in Oil and Finance.
It is also apparent that despite the horrific facts, to his very last words, Mr. Learsy is a hopeful man. How very important hope is for any progress to be made in all challenging aspects of life.
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Format: Paperback
I have just completed reading the book "Oil and Finance - The Epic Corruption" by Raymond J. Learsy.

The book is well written and factual and makes several good points. One in particular is that the oil producing countries (i.e., OPEC) will always keep on eye on what the market will bear and will (as told to me by the then VP of Iraq, Mr. Saddam Hussein, in 1978) that the price of oil will always be pegged at a price to make a US synthetic fuels industry seem uneconomical. The extent to which the US-based oil companies are also involved in similar thoughts is certainly worthy of consideration.

It is a pity that the book is not widely read by the politicians in Congress so that they might take steps to end the overbalanced independence of the US on foreign oil. However, I might ask would the politicians understand the book? And how many read the Huffington Post?

I can heartily recommend the book and Mr. Learsy is to be congratulated on his efforts at compiling the information. Many people to not read or subscribe to the Huffington Post and could find this book invaluable. In addition, would suggest that Mr. Learsy consider putting all of this information into a "book format" that may compete with (or complement) the books by Daniel Yergin.
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