Summary of Javier Blas & Jack Farchy's The World For Sale
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Get the Summary of Javier Blas & Jack Farchy's The World For Sale in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the world economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources.
It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade, and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centres.
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Summary of Javier Blas & Jack Farchy's The World For Sale - IRB Media
Insights on Javier Blas Jack Farchy's The World for Sale
Contents
Insights from Chapter 1
Insights from Chapter 2
Insights from Chapter 3
Insights from Chapter 4
Insights from Chapter 5
Insights from Chapter 6
Insights from Chapter 7
Insights from Chapter 8
Insights from Chapter 9
Insights from Chapter 10
Insights from Chapter 11
Insights from Chapter 12
Insights from Chapter 13
Insights from Chapter 14
Insights from Chapter 15
Insights from Chapter 1
#1
In early 2011, the Libyan rebels needed fuel to fight against Colonel Gaddafi. Vitol, a trading house, agreed to deliver the fuel.
#2
In 2011, the small Libyan city of Benghazi was lawless and unstable. It was here that Vitol trader Chris Taylor landed after his plane was forced to make an emergency landing due to anti-aircraft fire.
#3
Vitol secured the fuel the rebels needed to keep fighting, and within a few months the rebels had taken control of the inland oilfields of the Sirte basin.
#4
Vitol, a company owned by David Taylor, delivered thirty cargo loads of gasoline, diesel, fuel oil and liquefied petroleum gas to Libya between April and October 2011 as part of a deal with the rebel government.
#5
The commodity traders, who control the flow of the world’s strategic resources, have also become powerful political actors.
#6
The commodity traders are a small group of people who control a lot of the world’s traded resources. They are private companies with less obligations to disclose information than their publicly traded counterparts.
#7
The author and his researcher met with more than one hundred active and retired commodity traders in order to understand this strange world.
#8
The author met hundreds of traders during her travels around the world, and hundreds of pages of documents detailing their finances were provided to her.
#9
A commodity trading company is a company that buys and sells physical commodities. The focus of this book is on the largest and most influential of these trading companies, which have had a profound effect on global economies.
#10
The largest oil and gas companies are Vitol and Trafigura. Both belong to the same family, and have a