The Prize The Epic Quest for Oil, Money and Power by...

Daniel Yergin is the chairman of Cambridge Energy Research Association and a highly respected individual in international politics, economics and power. Despite being a Pulitzer Prize Winner, he is also the recipient of the 1997 United State Energy Award for his achievement in power and the promotion of international understanding. He has written extensive accounts on the global changes towards political and economic destiny of the world since WWII. His book ‘The Prize: The Epic Quest for Oil, Money and Power’ published in 1992, which depicted the turmoil in Russia’s move to a market economy became a hit such that it was made into an eight hour series and translated into twelve languages. Yergin is a member of the Board of the United States Energy Association, US Secretary of Energy’s Advisory Board and National Petroleum Council among others. He is a BA holder from Yale University and holds Ph.D. from Cambridge University among other honorary degrees. Introduction: General overview Oil over the course of humanity has been referred to as the lifeblood of the worlds economy. Though it might be called an overestimate, oil is arguably the most critical non-human economic resource that is crucial for the progress and growth of the economy. In his book, Yergin illustrates the economic, societal, political as well as the geostrategic importance of oil in the growth of the worlds economy. The book takes the reader through a path that retrieves the historical journey of oil fromShow MoreRelatedThe Prize : The Epic Quest For Oil, Money, And Power By Daniel Yergin Essay2163 Words   |  9 Pages Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book â€Å"The Prize: The Epic Quest for Oil, Money, And Power† by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic import ance of this product. Yergin is the IHS Vice Chairman, and as their website tells us, he is also a Pulitzer-Prize winning author andRead MoreThe Prize : The Epic Quest For Oil, Money, And Power Essay1942 Words   |  8 Pages Oil has repeatedly been referred to as any economy’s lifeblood. Whereas this is an overemphasis, oil has been the utmost key, nonhuman resource of economy throughout the largest part of the 20th century. In the book â€Å"The Prize: The Epic Quest for Oil, Money, And Power† by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic prominence of this product. The book was published by Simon and Schuster in 2011 in New York, and contains 928 pages, as its ISBN isRead MoreThe Epic Quest For Oil, Money, And Power2499 Words   |  10 Pageshalf of its oil supply, weakening its overall strategic position and adding greatly to an already burdensome trade deficit – a precarious position for a great power† (Yergin 14). So said Daniel Yergin in the prologue of his 1990 bestseller The Prize: The Epic Quest for Oil, Money, and Power. Today, oil retains its importance in the hydrocarbon societies of developed and developing countries as a major engine of economic growth, but the story is not so simple. When Yergin wrote The Prize, the UnitedRead MoreThe Iraq War1487 Words   |  6 Pagesinfluence world politics is primarily based on much power they have. 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