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What is the importance of oil
Importance of oil essay
The effects of crude oil prices on the economy
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The United States currently has 250 years of oil already drilled. Oil is a necessity to the world today. It is one of the most important natural resources on the planet. The benefits of oil drilling by far outweigh the negative benefits. Oil is used in many of the products that we use today. We must continue drilling for oil as it is a major natural resource that the United States can benefit from for many more years. Oil makes up of 85% of the United States natural energy production. Wind and solar power for example, only makes up of 1% of today’s energy. So if the US gets rid of oil drilling how will gain back the 85% of energy that is lost? The country’s economy will collapse and we will have no running cars and no electricity. Oil is used in all forms of transportation, such as cars, planes, trains, boats, motorcycles and more. It is a necessity for today's automobiles. Oil is used as a lubricant, provides heating, cooling electricity. Oil is the main component in plastic (Careers In Oil and Gas 1). There is a large amount of plastic that is used in cars ...
Significance: Right now, The United States of America languishes in an economic decline. Jobs are being lost. Drilling in the ANWR will create hundreds of thousands of jobs. Also, 80% of Alaska’s state revenues are oil. With the North Slope oil fields in decline, Alaskans could lose jobs. Drilling in the ANWR will create jobs for Alaskans. As Jennie Wodkowski, who has lived in Alaska for 34 years said, “Oil’s important. We don’t have anything else going on here.”
Changing car oil improves the durability of your car. There are things that you should know before changing your own oil to make the process
Almost every single nation in our world today, the United States included, is extremely reliant on oil and how much of it we can obtain. Wars have been started between countries vying for control of this valuable natural resource. The United States as a whole has been trying to reduce its reliance on foreign oil and has had some success, especially with the discovery of the Bakken formation and projects like the Keystone Pipeline.
There is an abundance of oil underneath earth’s crust on land and in the water but getting to that oil can be proven as a challenge and a negative impact on the earth. Many of these oil reservoirs lie in federally protected land or water to minimize the negative impact on the earth. But should those restrictions be removed? Removing the restrictions can allow the US to tap into domestic reserves rather than rely on imported oil from the Middle East and Asia but tapping these reservoirs can also leave behind an impact that is harmful to this planet. “Critics oppose this move for fear that it will cause irreparable harm environmental harm. They point to the April 2010 oil spill in the Gulf of Mexico as evidence of the risks associated with offshore drilling” (SIRS).
Oil has always been a coveted natural resource. Oil was discovered in the United States in 1859; since it was a young industry, it was without any structure. That is where John Davison Rockefeller stepped in. John Rockefeller was at one point one of the richest men in the world, monopolizing the oil industry which played a major role in shaping the economy.
Fossil fuels will remain a primary source of energy because of a few very fundamental concepts. The first of these is simple: why change what isn’t currently broken? The U.S. has been using oil for a large portion of our energy need since the early 1900’s. Since then, the U.S. has used oil more and more each year as we research more efficient ways to harvest, transport, and burn it. The only way the United States will shift away from oil is if a better energy source arises or oil causes more complications than convenience. “The iron age didn’t end because the world...
The United States relies on imports for about forty percent of its crude oil, which is the lowest rate of dependency since 1991 according to the U.S Energy Information Administration. Today our country is trying to keep on track in becoming less and less dependent. When it comes to the topic of the future ways the United States will get its fuel, most of us readily agree that the United States should become more independent by using natural gas that is already here on our land. Where this argument usually ends, however, is on the question of the consequences drilling for natural gas brings. Whereas some are convinced drilling is safe, others maintain that it is actually in fact dangerous. Hydraulic fracturing or "fracking", the terms for drilling for natural gas, is dangerous to our public health and to the environment because of the water contamination it causes. Therefore, it is not something that should become a project for alternative fuel used by the United States.
Every year the demand for oil grows, and the amount the U.S. produces decreases while the amount of oil America imports increases. In 1994 the oil imported from OPEC members was about 1,400,000 thousand barrels in 2008 it was about 2,200,000 thousand barrels. The amount of American oil imported from non-OPEC members was roughly 1,700,000 thousand of barrels to 3,000,000 thousand barrels. According to eia.doe.gov the U.S. imported roughly between 4,000,000 and 4,500,000 thousands of barrels of oil in 2010. All this boiled down means that the U.S. imports more than half of all its oil. And at the current rate the U.S. spends roughly $13 million dollars on oil per hour. Furthering its impact on our economy the NRDC found that roughly 1/5 of our trade deficit stems from imported oil. Every day the U.S. loses $390 million to foreign oil, money that could be spent on the United States’ infrastructure, or helping to get the U.S. out of its recession. This is money that is most likely not going to be reinvested in America and will only further our deficit. Another problem outside our spending is the fact that we are importing from some highly unstable nations...
In ancient times Babylonians used oil as mortar, Native Americans used oil as a topical medicine, and, before electricity, oil was used to create light. Mankind has been dependant on oil as a resource for generations. It has influenced growth, warfare, and technological advancement, but what if mankind were to run out (Alois)? The possibility of this eventuality was first vocalized by M. King Hubbert who introduced the notion of “peak oil.” When global oil production “peaks” it reaches its greatest output level and then permanently declines (Hubbert). There is much debate as to whether this “peak” exists, has already been passed, or will be passed in the near future. Despite the debate there is one undeniable fact; there is a finite amount of oil since it is a non renewable resource. Considering a sudden systemic collapse of all oil production seems unlikely, oil will probably be replaced gradually. This loss of oil could be positive; possibly less CO2 would enter the atmosphere and global warming may be stalled. However, the success of this transition away from fossil fuels will be largely dependant on the ability of developed nations to manage their time. If the US, or any other nation, is going to be successful, they need to start now.
I actually disagree with drilling. We have to look at the bigger picture and think about the long term goals. Bottom line oil is needed to reduce energy prices and U. S. dependence on foreign oil however at what cost. We have to protect the environment and the animal’s writhing in it.
There are three exploratory oil rigs that have been drilling under contract for several years along the Angola coast. Each oil rig owned by a United States drilling company. The case study focuses on a small oil rig called the “Explorer IV” housing 180 staff, 30 of these being American expatriate workers or “Expat”, and the top administrator in authority regarding life on the rig is an Expat himself. The purpose of the oil rig’s purpose is for drilling oil and to house all of the staff drilling and operating the rig. The rig is approximately 200 feet by 100 feet so cramped and tight living spaces is to be expected. However, there is a difference in living quarters, quality of food, medical care, and means of transportation between the Angolan’s and the Expats.
Imagine a world where fresh and clear water was a luxury. Imagine water so contaminated with chemicals that every plant it comes into contact with dies. As the trees begin to die, oxygen levels drop. As the vegetation dies, wildlife begins to die out. The polluted water which flows through the ground into wells causes instant contamination. As the water flows out of the sink, one can strike a match and light the liquid on fire. Showering in these chemicals is out of the question. Fresh water has become a comfort, rather than a given. Could planet Earth survive this existence? If hydraulic fracturing, otherwise known as fracking, were deemed legal, this question may be put to the test. Fracking is a process in which chemicals, sand and water are used in “high volumes… to fracture gas-bearing layers of rock” (Dolesh 2). As the rock breaks, natural gas is released and then collected to be used as energy. The United States is currently sitting on a gold mine of natural gas which could stimulate our ever declining economy. The question is what price are we willing to pay for a temporary fix? Fracking is a dangerous process that should be deemed illegal due to its harmful short and long-term environmental effects.
A reduction in oil consumption, would also mean that less oil would have to be drilled for. No one, including scientist know for sure what drilling and the removal of oil from the earth's interior is doing to the planet. Logic would suggest that when you remove a liquid or a solid from an interior, changes will occur to the exterior's surface. Why is there oil and gas in the earth's interior? Could it be natures way of lubricating the earth, like we do with our machines to keep them running smoothly? Scientist and other who study the make up of the earth can only speculate at these questions, but without real knowledge, forth coming dangers will only be recognized in hindsight. Every year t...
Oil is an essential resource in the whole world. People use oil in a variety of ways. The world has used oil for many years and it will still use it as a basic commodity. Oil use can be traced back to 1850s. However, when Edwin Drake produced commercially usable quantities of crude oil from a 69-foot well in Pennsylvania in 1859, he marked a new period that considered oil as a valuable commodity. Oil prices have been inconsistent since 1859. The discoveries of more wells considerably lowered oil prices and made some oil barons abandon the industry. However, oil prices have increased over time because of several factors.
Transportation is another benefit of oil. Of course we all know that we use oil to run our vehicles, but that is not the only benefit. Oil is also used in combustion engines.