I finally got around to reading Private Empire this summer. (You know how it is: a bazillion books, papers, articles and every other doggone thing on your reading list.) I’ve been reading Steve Coll’s stuff in The New Yorker for years. He’s the dean of the J-school at Columbia.
Private Empire, to a certain extent, follows in the footsteps of The Prize, Dan Yergin’s Homeric saga in which he recounts “the Epic Quest for Oil, Money & Power.” But Yergin’s book is a historic and geographic sweep of the oil industry while Coll’s book zeroes in on ExxonMobil, the company with the second-highest revenues in the world, $453 billion, in 2012 when the book came out. They dropped to eighth by 2018 with $290 billion in revenues. Continue reading