History of Oil in the U.S.
America is, as our President recently announced,
to oil”. Petroleum was first discovered, for industrial
purposes, in the U.S. in the late 1850’s
and utilization exploded with the advent of the automobile.
Petroleum has permeated our economy
and society. Transportation, heating, agriculture, packaging,
plastics, fibers, detergents, communications, community
are but a few of the many sectors. Our entire economy, unfortunately,
has been tied to petroleum, a finite, and increasingly difficult
to extract, resource.
The U.S. represents 5% of the world population and uses
million barrels of oil per day to drive our economic
engine and society, much of which is imported.
This equates to approx. 25% of the world supply of oil.
Competition for remaining petroleum reserves
is increasing (China is forecasted to surpass the U.S. in
the near future) and those countries with the greatest proven
reserves are, in many cases, unfriendly or uneasy allies
to the U.S.
Carbon dioxide (CO2)
and particulate matter, released during the combustion of
petroleum, is, at the current rates, dramatically changing
the planet’s complex climate and ecosystems. Air quality,
respiratory and pollution problems are well documented;
global warming and global dimming now have a preponderance
of evidence to support the position that major climate changes
are now underway.
Europe and Brazil have already begun the process of moving
from petroleum to Biofuels; the U.S. is well behind the
The Real Cost of Oil?
A lot more than we are paying at the pump and a lot more
than you might think.