Summary of Daniel Ammann's The King of Oil

Please note: This is a companion version & not the original book. Sample Book Insights: #1 The spot market for oil was one of the most lucrative ideas of the twentieth century. It was created by Marc Rich, a commodities trader, who single-handedly broke the cartel of Big Oil in the 1970s. Rich became one of the world’s richest and most powerful commodities traders. #2 I wanted to get to know Marc Rich better. I wanted to ask him why he thought it was right to do business with Ayatollah Khomeini’s Iran, with Fidel Castro’s Cuba, or with apartheid South Africa. I wanted to hear him speak about the charges of tax evasion. #3 I spoke with many people who had worked with Rich in the oil and commodities trading business, as well as his daughters and friends. I read countless documents concerning Rich’s case and his companies.