The World for Sale book cover

The World for Sale by Javier Blas Summary

The World for Sale
Javier Blas
4.33 (11391 Reviews)
Business
Finance
Economics
Resumen
Puntos Clave
Autor
Preguntas Frecuentes

Overview of The World for Sale

Unveiling the secretive world of commodity trading, "The World for Sale" exposes how a handful of powerful traders control Earth's resources. Shortlisted for the McKinsey/Financial Times award, this eye-opening expose reveals how companies like Glencore shape geopolitics through deals with controversial regimes.

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Puntos Clave

1

When a Trader's Jet Dodged Bullets Over Libya

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Picture a private jet spiraling through war-torn Libyan skies in early 2011, shadowed by a NATO drone. Inside sits Ian Taylor, CEO of Vitol-the world's largest oil trading company you've probably never heard of. His mission sounds reckless: supply fuel to cash-strapped rebels fighting Gaddafi. Vitol's exposure eventually balloons past $1 billion, enough to sink the entire company if the rebels lose. Yet Taylor keeps the oil flowing, with tankers slipping into ports under darkness while artillery thunders nearby. This gamble reveals something extraordinary about commodity traders-the invisible titans who ensure your morning coffee reaches your cup, your car has gasoline, and factories keep humming. They thrive where others flee, operating in war zones, dealing with dictators, and moving resources across a planet that desperately needs them. Five oil trading houses control nearly a quarter of world petroleum demand. Seven agricultural traders manage half the planet's grains. Glencore alone handles a third of global cobalt. Yet most people couldn't name a single one. These modern merchant adventurers have quietly shaped history-helping Saddam Hussein dodge UN sanctions, keeping Castro's Cuba afloat, selling wheat to Soviets during the Cold War, and raising billions for Putin's allies. All while generating staggering personal fortunes in near-total secrecy. While humans have traded resources since prehistoric times, the modern industry emerged from nineteenth-century technological breakthroughs. Steamships made bulk shipping economically viable. Telegraphs enabled near-instant global communication. After World War II devastated the industry, postwar reconstruction created immense opportunities as government controls gradually lifted. The stage was set for a new breed of trader to emerge-someone willing to go anywhere, deal with anyone, and risk everything.

2

Cold War Courage and the Birth of Modern Trading

3

The Oil Crisis Revolution and the Billion-Dollar Breakup

4

When Countries Run Out of Cash and Traders Become Banks

5

Paper Barrels, Wall Street Refiners, and the Empire's Collapse

6

The Dragon Awakens and the Supercycle Begins

7

Reclaiming Your Power in a World for Sale

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Creado por exalumnos de la Universidad de Columbia en San Francisco

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@Raaaaaachelw
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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@Cashflowbubu
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@Moemenn
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@Chloe, Solo founder, LA
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"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
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star
star
star
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@Matt, YC alum
platform
comments
12
likes
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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
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254
likes
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@djmikemoore
platform
star
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star
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@Pitiful
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