2nd Edition - Fully Updated and Interactive
The complete guide to the oil industry. 26 chapters. 74 interactive charts. Updated daily.
by Morgan Downey, author of the bestselling Oil 101
Chapter 26: Iran Blocks the Strait
74 Interactive Charts
Every chart is built with real data. Hover, click, and drill down. Here are six from across the book.
What’s Inside
Part One
From the chemistry of crude to the logistics of moving it around the world. 16 chapters covering every link in the supply chain.
Chapters 1-16
Part Two
Prices, futures, options, and risk management. The mechanics of how oil trades.
Chapters 17-20
Part Three
Shale, OPEC+, negative prices, US LNG, the energy transition, and the 2026 Hormuz crisis. What changed since 2009.
Chapters 21-26
Plus 2 appendices: Forward Markets Mechanics and Conversion Factors
Not just a book
Every chart is built with Recharts and real data. Hover, click, and drill down.
WTI forward curve, contango indicator, and settlement prices updated daily.
AI assistant trained on every chapter. Ask anything about oil markets.
The author reads every chapter and annotates corrections in real time.
Get emailed when WTI or natural gas moves more than 5% intraday.
Download the original 2009 bestseller as a bonus.
Free.
All 26 chapters of Oil 101 and all 21 chapters of NatGas 101. The audiobook in Morgan’s own voice, the interactive charts, the AI assistant, the certificate, and the 1st edition PDF. Open to everyone. No payment, no paywall.
Optional: an annual $19.99 supporter contribution helps cover audio production and hosting. Or commission a signed first edition or leatherbound copy on the support page.
Companion volume
North American natural gas, from the rock to the pricing hub. 21 chapters covering history, players, geology, drilling, processing, pipelines, storage, power generation, LNG export, and the trading mechanics that move Henry Hub.
Free, like Oil 101. Same sign-in. Read it standalone, or alongside Oil 101.
Read NatGas 101From the same author
The book teaches the markets. The platform automates the workflow.
BoxWood is an AI-native hedge management system for E&P producers. Live MTM tied to bank statements, AI-checked trade confirmations into DocuSign, peer comps against public 10-K filings, reserves-grade 50-year price decks.
Try the demo45-second walkthrough
About the Author
Author of Oil 101 (2009), the bestselling oil market primer. Morgan has appeared on CNBC, Bloomberg TV, and in the Financial Times, Wall Street Journal, and New York Times.
Morgan also runs BoxWood, an AI-native hedge management platform for E&P producers. More at morgandowney.com.
morgandowney.comStay in the loop
Not weekly. Not a newsletter. Just a short heads-up when I publish a new chapter or rewrite a section.