How Long to Read Petromania

How Long Does it Take to Read Petromania?

It takes the average reader 5 hours and 13 minutes to read Petromania by Daniel O'Sullivan

Assuming a reading speed of 250 words per minute. Learn more

Description

The spike in the oil price to almost $150 per barrel in summer 2008 was the last great excess of the crazed noughties bull markets, staged even as stock markets crumbled worldwide. Contrary to entrenched establishment opinion still embraced by many, 'Petromania' proves this oil price blowout was a classic speculative bubble, but driven primarily by new modes of financial speculation. Demolishing widespread, oft-repeated but incorrect arguments that such trade in paper barrels cannot move oil prices, 'Petromania' details how this financialisation of the oil markets meshed with other trends to create a moment that saw investment banks and hedge funds collectively wield more power over the price of black gold than OPEC or any multinational oil company. It also shows how regulatory blindness to the 'dark matter' of modern finance caused so many to confuse fantasy with reality for so long. 'Petromania' matters not just because fortunes were won and lost in oil's dizzying ascent and crash, but because this bubble spelled misery for ordinary people worldwide, destabilised developing world governments, and delayed interest rate cuts desperately needed to address the ongoing global recession. 'Petromania' matters because while all eyes are on the crippled banking system, we risk ignoring valuable lessons about twenty-first century markets from this other great boom-and-bust - even as the forces that blew the bubble are once again at work. And 'Petromania', this tale of black gold, dark matter and paper barrels, is written by one of the few commentators who correctly called the bubble before it burst.

How long is Petromania?

Petromania by Daniel O'Sullivan is 306 pages long, and a total of 78,336 words.

This makes it 103% the length of the average book. It also has 96% more words than the average book.

How Long Does it Take to Read Petromania Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 8 minutes to read Petromania aloud.

What Reading Level is Petromania?

Petromania is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Petromania?

Petromania by Daniel O'Sullivan is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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