According to Variety, based on 100 pages and an outline, Paramount Pictures has made a preemptive deal for screen rights to "Black Monday," a novel being written by Bob Reiss. Par-based Tom Jacobson will produce.

Reiss, whose novels include "The Last Spy," is penning a thriller that revolves around oil. A mysterious condition is eroding the quality of the crude with catastrophic results, and a federal investigator tries to solve the problem before the world is brought to a screeching halt.