2nd Edition - Fully Updated and Interactive

Oil 101

The complete guide to the oil industry. From geology to geopolitics, from futures to refining. Now with live market data, interactive charts, and AI-powered insights.

by Morgan Downey

Live Data

Real-Time Market Prices

Every chart updates with live NYMEX futures, forward curves, and settlement prices. See the concepts in action.

Interactive

Charts You Can Explore

Historical prices from 1860 to today. Forward curves, crack spreads, storage levels. All interactive.

AI

Ask Oil 101

An AI assistant trained on the book. Ask any question about the oil market and get answers grounded in Oil 101.

Updated for 2026

The US shale revolution and its global impact

OPEC+ era: production cuts, price wars, and market management

US as the world's largest oil producer

The 2020 price collapse and negative oil prices

LNG exports and the globalization of gas markets

Energy transition: EVs, renewables, and peak demand debate

Sanctions, supply disruptions, and geopolitical risk

ESG, carbon markets, and the investment landscape