Summary of Daniel Ammann's The King of Oil

By IRB Media

Please note: This is a companion version & not the original book. Book Preview:

#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.

• Language: English
• Publisher: IRB Media
• Release date: Jun 14, 2022
• ISBN: 9798822540651

IRB Media

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Insights on Daniel Ammann's The King of Oil

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 16

Insights from Chapter 17

Insights from Chapter 18

Insights from Chapter 1

#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.

Insights from Chapter 2

#1

I was going to meet Marc Rich, the twentieth century’s most powerful, important, and notorious oil trader. I was nervous about being late, but I had no choice. I had to find out who this man really was beyond the clichés and simplifications.

#2

In 1983, Marc Rich was accused of the biggest tax fraud in American history. He and his business partner Pincus Green could spend the rest of their lives in prison for their crimes. For many, Rich is simply an enemy of the state.

#3

I was surprised to hear that Marc Rich considered the press to be his biggest enemy. He spoke English with a barely noticeable German accent, and he scrutinized my reaction when he shook my hand.

#4

I first met Marc Rich some months before our St. Moritz ski date. We were sitting in his office on the top floor of a run-of-the-mill steel-and-glass building next to the Zug railway station. The receptionist on the other side of a glass door inspected me.

#5

Rich was often accused of being the biggest tax fraudster in American history. He was also known for doing business with Fidel Castro’s Cuba, and apartheid-era South Africa. He was considered the greatest tax fraudster in the history of the United States.

#6

Marc Rich is a Jewish