Energy and Commodities: Yergin and Pitron
Trader's Library #92 · Money, macro and economics. The history of oil and energy – one of the engines of inflation and markets.
Author: Daniel Yergin, Guillaume Pitron · Original: The Prize; The Quest; The New Map; La Guerre des métaux rares · Year: 1990 · Usefulness for traders: ★★★☆☆
What it's about
Yergin's “The Prize” (Pulitzer Prize) is the history of oil from the 19th century to the 1990s. “The Quest” and “The New Map” describe the modern geopolitics of energy. Pitron's “The Rare Metals War” is about the raw materials needed for the energy transition.
What it gives a trader
Oil and energy are among the main drivers of inflation and market sentiment. Yergin shows how oil shocks changed the economy and markets, which helps you understand how indices react to events in the Middle East.
Lessons for traders
- oil supply shocks feed through to inflation and interest rates
- energy geopolitics moves every market
- commodities have long investment cycles
What to watch out for
Very long, mainly history and politics.
Discussion
The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →
Navigation
← #091 Mark Skousen: Austrian Economics for Investors · Library index · #093 Crises in a Nutshell: Schiff, Otte, El-Erian, Stockman, Greenspan →
Educational content, not investment advice. The book description is my own summary and assessment, not quotations. Edition details were checked in catalogues and bookshops, and where there was doubt I said so plainly.