the world is rapidly moving towards an oil environment defined by volatility. the vega factor: oil volatility and the next global crisis takes an in-depth look at the most important topics in the industry, including strategic risk, why traditional pricing mechanisms will no longer govern the market, and how the current government approaches have only worsened an already bad situation.details the industry's players, including companies, traders, and governmentsdescribes the priorities that will need to be revised, and the policies needed to achieve stabilityexplains how today's oil market is fundamentally different from the pre-crisis marketoil prices affect everyone. the vega factor explains the new international oil environment of increasing consolidation and decreasing competition, and reveals how consumers and investors can navigate price volatility and new government policies.