The Domino Effect
The Domino Effect Abstract
The shale revolution triggered The Domino Effect, a cascading series of events that has profoundly transformed energy markets, reshaped major related industries and remodeled the global economic and geopolitical landscape. This book presents a unique, integrated perspective on natural gas, crude oil and natural gas liquids that is vital to understanding energy prices, product flows, infrastructure, equity values and the global energy economy.
Innovative analysis provides energy producers, marketers, end users, financiers, and investors with a framework for understanding the tectonic shift in global supply and demand that will continue to drive energy markets for decades to come. The Domino Effect also delivers high-level insights into exploiting the extraordinary investment, trade and career opportunities that will continue to be opened by the shale revolution.
Please visit thedominoeffect.com for additional content referenced in the book.
From the Author
“This book is about understanding energy markets: prices, flows, infrastructure, value, and economics. It is a critical examination of the responses of those markets since the advent of the shale revolution, a framework for understanding what happens next, and an explanation of how shale will continue to drive the energy industry in the coming decades in the United States and throughout the world.”
“This book lays out how energy markets work in the real world. Braziel has lived these markets, and has successfully stitched together what has happened over the past five years to oil and gas production, infrastructure and prices. Then using the Domino Effect concept, he lays out what is likely to happen next. This is a must-read for anyone involved in energy markets.”
Harold Hamm, Founder, Chairman and Chief Executive Officer, Continental Resources
“Braziel has been dead right about energy markets. If you were paying attention to Rusty, nothing about today’s oil and gas prices would be a shock, or even much of a surprise. It all follows a completely rational, even predictable blueprint. In The Domino Effect, he explains how that works and why. In today’s markets, you’ve got to understand energy. This book lays it all out in a framework that makes basic, common sense, whether you are from the oil patch or Wall Street.“
James Cramer, host of CNBC’s Mad Money and a co-founder of TheStreet, Inc.
“Rusty has applied his rigorous approach to market analysis to the newly developed unconventional shale boom in North America. His keen insights into the seemingly benign differences between conventional and unconventional developments highlight the significant and extraordinary factors that must be taken into consideration when evaluating market fundamentals.“
J. Mike Stice, Dean, College of Earth and Energy, University of Oklahoma; Access Midstream Partners
“Finally we have a book that explains what is going on in today’s energy markets. Since the onset of the shale era, energy markets have experienced tumultuous change and volatility. All this disruption may have seemed random, but in reality the changes have followed a discernable pattern of supply growth, infrastructure development and price impact. In the Domino Effect, Braziel lays this pattern bare for all to see. If you want to understand energy markets, this book is required reading.”
Michael N. Mears, Chairman and Chief Executive Officer, Magellan Midstream Partners
- Hardcover: 332 pages
- Publisher: NTA Press (January 3, 2016)
- Language: English
- ISBN-10: 0692503013
- ISBN-13: 978-0692503010
- Package Dimensions: 9.1 x 5.9 x 1.3 inches
- Shipping Weight: 1.4 pounds
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Russell Braziel’s Biography
Russell (“Rusty”) Braziel is one of the most respected authorities in the field of energy information and markets. With an extensive trading and analytics background in the markets for natural gas, natural gas liquids and crude oil, he is uniquely qualified to interpret the economic, commercial and pricing consequences of the shale revolution.
Rusty is president and CEO of RBN Energy, a leading energy consultancy providing analysis and advisory services, best known for its rock-music themed Daily Energy Post, a blog that goes deep into the details about energy market trends, the mechanics of how energy markets function, and the workings of economic and operational energy models.
Rusty spent 20 years with Texaco (now Chevron), serving as Vice President of Natural Gas Marketing and Trading and Manager of NGL Supply. Subsequently he was Vice President of Business Development for The Williams Companies, President of Altra Energy Technologies and co-owner of Bentek Energy. Mr. Braziel holds BBA and MBA degrees in business and finance from Stephen F. Austin University. In 2014 he was named Stephen F. Austin Distinguished Alumni.
The musical theme of RBN’s daily blog harkens back to Braziel’s previous career in the music industry. From the mid-1960s to the mid-1980s he played bass, guitar and pedal steel in a number of rock and country groups in East Texas, Tulsa and Los Angeles.
Claude M. King
Good oil/Gas book very current
I’ve read most of the fracking oil books. This book does a good job of explaining historic oil and gas, along with current issues. Explains enough of the physics of oil and gas. Also helped me understand the place of NGL’s in the mix. Does good job of explaining North America status as oil/gas producer, and what that means for the US. Discusses the Midstream importance in affecting Hub prices. Didn’t help me pic good MLP from a Bad MLP. Worth the money and time
American Exceptionalism At Work
Fracking and low energy prices are covered in the mass media as separate issues. Braziel goes back to shale oil, the root cause of them both, and takes the story through, to date, thirty subsequent events. Probably too much for a politician to undertake, but an informed citizen could spend a few hours profitably reading this. In addition, the underlying theme, understated by Braziel, is the enormous national potential realized in the development of the techniques necessary to recover oil and gas from the very deep shale and then transport it around the country. This is a story of entrepreneurial capitalism at work. In the absence of the kind of governmental over regulation that we are now seeing in the financial markets, the oil business men have changed the world. The background to the story is that nowhere else in the world has shale been tapped. It will, as American companies are hired but as of now nobody else has been able to get the job done.
This Book Puts The Puzzle Together For You
This book tied up about 500 different articles and analysis I’ve been reading on oil and gas over the last decade, into one neat package.
Yes, it’s a deep dive on some subjects for most people. But it’s a rewarding deep dive.
I used this book to really get to know the oil and gas industry in order to make some very important and significant investments earlier this year at the worst of the oil market stock crash. This book was priceless in helping me understand which basins, products, midstream infrastructure, etc. was worth my investment dollar.
The organization is perfect. All the information builds on what came before. It’s very detailed and even gets into the basics of how the chemistry of the different DBHs affect their economics (ex: smaller hydrocarbons have higher vapor pressure and are more difficult to store). The outlook at the end of the book nicely wraps up the impact of everything he talked about before.
I read this as a PhD student looking to enter into the energy industry and this was very useful to me.
Excellent analysis, very logical and, as property owners, has given us new ideas to explore.
We’ve been searching for valuable insight on the ever changing oil / gas industry. Rusty Braziel seems to be ahead of most with his logical thinking and smart analysis. With property that sits in the middle of the action, we’re constantly seeking information to assist us with decision-making. The Domino Effect has given us new ideas to explore in 2016 and beyond.
Jim Berry, Brock Stratton Ridge, LLC
Excellent economic background and analysis of the Petroleum Industry
Very interesting point of view on Petroleum Economics. As an engineer it is good to get an in-depth background on the economics and movement of oil and gas throughout the system. I highly recommend this book to any who wants a more detailed understanding of the history of the industry in the US as well as current economic concerns.
Fracking for Dummies
I wondered why my old faithful oil company stocks tanked.
If you want a fascinating page turner to gain an understanding of the oil industry, this is the book.
Author E. Russell Braziel explains the complex methods used to price oil and the future implications of Fracking in a way understandable to anyone.
I knew nothing about oil and gas before. Now, I feel like I know more than some of the oil analysts on TV. Thank you Mr. Braziel