The Prize

The Prize

The Epic Quest for Oil, Money & Power

Daniel Yergin

Commodity Clock

Every treasure becomes tomorrow's ordinary commodity.

Moreover, oil was seen as different from other commodities. “It should be remembered that oil is not an ordinary commodity like tea or coffee,” intoned Yamani. “Oil is a strategic commodity. Oil is too important a commodity to be left to the vagaries of the spot or the futures markets, or any other type of speculative endeavor.”