Reviews

What they’re saying…

“A history of the famous (and infamous) oil-futures marketplace, the Nymex. This is a rollicking, fast-paced, decades-long tale of a marketplace that sprang out of — no kidding — a potato futures market. The pit where most trading took place is still active in New York City, but in just the past few years much of it has moved online, and is handled by computers able to rapidly process reams of data (note that this move hasn’t yielded more stable prices in fact one could argue the opposite case). The reporter, who worked for many years as a Dow Jones reporter covering the market, has many solid relationships with the traders who built the Nymex and this adds a lot of color to the narrative. When the instability of supply and relentless demand drives up price levels and volatility, many of these traders do very well indeed. And when that happens, the partying really kicks into high gear.”

– National Resources Defense Council

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