2nd Edition - Fully Updated and Interactive
The complete guide to the oil industry. 26 chapters. 74 interactive charts. Updated daily.
by Morgan Downey, author of the bestselling Oil 101
Chapter 26: Iran Blocks the Strait
Net oil-importer strategic reserves exhausted in:
16d : 06h : 36m : 46s
Run dry date: June 13, 2026.
Pre-crisis net oil-importer strategic reserves (ex-US): 1,325M bbl.
Gulf outage reached 12 Mbpd by March 15. 1,325 / 12 = 110 days. Then factoring the 20 days of Persian/Arab Gulf-to-importer shipping time, the 110 becomes 90 days remaining inventories. Starting March 15, 2026, 90 days is June 13, 2026.
74 Interactive Charts
Interactive Charts, Not Static Pages
Every chart is built with real data. Hover, click, and drill down. Here are six from across the book.
What’s Inside
26 Chapters Across Three Parts
Plus 2 appendices: Forward Markets Mechanics and Conversion Factors
Not just a book
74 Interactive Charts
Every chart is built with Recharts and real data. Hover, click, and drill down.
Live Market Data
WTI forward curve, contango indicator, and settlement prices updated daily.
Ask Oil 101
AI assistant trained on every chapter. Ask anything about oil markets.
Morgan’s Notes
The author reads every chapter and annotates corrections in real time.
Price Alerts
Get emailed when WTI or natural gas moves more than 5% intraday.
1st Edition PDF
Download the original 2009 bestseller as a bonus.
Free.
All 26 chapters of Oil 101 and all 21 chapters of NatGas 101. The audiobook in Morgan’s own voice, the interactive charts, the AI assistant, the certificate, and the 1st edition PDF. Open to everyone. No payment, no paywall.
Optional: an annual $19.99 supporter contribution helps cover audio production and hosting. Or commission a signed first edition or leatherbound copy on the support page.
Companion volume
NatGas 101
North American natural gas, from the rock to the pricing hub. 21 chapters covering history, players, geology, drilling, processing, pipelines, storage, power generation, LNG export, and the trading mechanics that move Henry Hub.
Free, like Oil 101. Same sign-in. Read it standalone, or alongside Oil 101.
From the same author
BoxWood
The book teaches the markets. The platform automates the workflow.
BoxWood is an AI-native hedge management system for E&P producers. Live MTM tied to bank statements, AI-checked trade confirmations into DocuSign, peer comps against public 10-K filings, reserves-grade 50-year price decks.
About the Author
Morgan Downey
Author of Oil 101 (2009), the bestselling oil market primer. Morgan has appeared on CNBC, Bloomberg TV, and in the Financial Times, Wall Street Journal, and New York Times.
Morgan also runs BoxWood, an AI-native hedge management platform for E&P producers. More at morgandowney.com.
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