Market Madness

Market Madness

Nlake C. Clayton

Market Madness is the story of four waves of anxiety over the last 100 years about a looming end to oil reserves. The pattern of widespread shortage fears that dissipate when oil production rises has fueled the wild price swings in the oil market down to the present day. Blake Clayton, a Wall Street stock analyst and adjunct fellow at the Council on Foreign Relations, makes the case for the need for better information, communication and transparency.