SCRUDE: How the 1973 oil crisis saved me, ruined you and came back fifty years later to do it all again...

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Mark Newham

SCRUDE

How the 1973 oil crisis saved me, ruined you and came back fifty years later to do it all again...

Mark Newham

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English

MoriartiMedia.com
11 December 2023

Memoirs; Postwar 20th century history, from c 1945 to c 2000; History: specific events & topics; Energy industries & utilities; Geographical discovery & exploration

Oil, eh? One of the most troublesome substances known to man.

Burn it and the world goes into meltdown. Disrupt it and the world goes into meltdown. You just can't win with oil... unless, of course, you're in the business.

Supply disruptions hand the oil majors a golden chance to cash in on the subsequent spiralling price of their product... as the world was to discover to its cost the day Russia invaded Ukraine in 2022.

Or rather, was to re-discover. For this wasn't the first time prices soared on the back of a war-caused oil supply crisis. It was a virtual mirror image of the first great oil shock fifty years earlier.

In 1973 the upshot was the same as half a century later - a global, rocketing oil price-caused economic tailspin and the birth of a new Foreign Legion as the oil industry scrambled to find new reserves to bring online.

From all walks of life, all corners of the world they came. A legion of men answering the call to join the great '73 oil rush, all with but one burning ambition - to escape the worldwide economic slump, swap the dole queue for the oil crew and take the A-train to wherever this new Klondike led.

This is the slightly disconcerting account of one of them.

By: Mark Newham
Imprint: MoriartiMedia.com
Country of Publication: United Kingdom
Dimensions: Height: 203mm, Width: 127mm,
ISBN: 9781739649821
ISBN 10: 1739649826
Pages: 260
Publication Date: 11 December 2023
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

Formerly a specialist energy writer with the Financial Times newspaper, Mark Newham's journalism career stretches back to the days of hot metal presses and telex machines. Forty years in which he's specialised in energy, the environment and the developing world, his reports appearing regularly in national and international publications worldwide. Newham has also acted as a media consultant to various agencies of the United Nations, the European Union and the World Bank. His current primary focus is on applying experience built up in the fields of energy, the environment and world affairs to the production of books closely associated with these areas of interest.