1994
TITLE: MEMORIES OF THE OIL MARKET AND KATHY
PDF
SHORT STORY OF SEVEN THOUSAND WORDS

With oil trading around one hundred US dollars a barrel today, this story, where oil is trading at fifteen dollars a barrel, is fixed firmly in the past. Much else has changed. The open-cry pits have gone, replaced by electronic trading. Lehman, the company where I had my experience of the oil market - Shearson Lehman Hutton as it was then - went forward to its infamous ruin. Rowick of the story - Peter Genou - must be approaching his eighties by now. Even the class distinctions between front and back office are a thing of the past and the day of the barrow boy and the Essex Mafia of clerks no longer ring so true.