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Oil Conspiracy It is common knowledge these days that major oil companies are among the most wealthy and powerful entities in the world. Their massive incomes contribute enormously to economies all over the world and this gives them massive pull in these economies. It is no wonder then that conspiracy theories and myths of large scale evil plots surround these major oil producers. They range from the ridiculous to quite believable. Every thing from the deletion of alternative energies from ever making it into the market to wars has been blamed on these major oil companies. Some of them are very believable while others seem a stretch of the truth. Are oil companies really behind these vast conspiracies? Have they really been evilly plotting to start wars and destroy the environment? Believe it or not it is rather difficult to find real hard facts on either side of this dilemma. Those that say yes are often radical left wing liberals that blow this out of proportion and blame things like 9/11 on oil companies, claiming that it was an elaborate scheme to start a war in the Middle East to increase oil production. This seems way too farfetched and I personally hope to god that it’s not true. On the other side of the argument against oil companies (the sane one) it is equally as difficult to get information. When you sift through the articles it is apparent that there has been corruption and cases of oil companies using their vast power to influence government legislation and alternative energy uses. Whether or not these represent true cases of conspiracy is not clear. They do however show that oil companies have used less than ethical tactics to ensure high earnings for them selves. Cases like t... ... middle of paper ... .... Rosentreter, Richard. (Sept. 2000) Oil, Profits, and the Question of Alternative Energy. Retrieved Feb. 9 from http://www.findarticles.com/p/articles/mi_m1374/is_5_60/ai_65133031 2. Liese, Lindsey. Disappearance of the Electric car Unveiled in Documentary. West World. Retrieved Feb. 8 from http://www.niles-hs.k12.il.us/westword/issue4,06-07/world5.pdf 3. Stop the Oil Company Greed. Nader.org. Retrieved on Feb. 9 from http://www.nader.org/template.php?/archives/276-Stop-the-Oil-Company-Greed.html http://aboutfacts.net/Conspiracy2.htm 4. Did General Motors destroy the LA mass transit system? The Straight Dope Retrieved Feb 9 from http://www.straightdope.com/classics/a2_335.html 5. General Motors Street car Conspiracy. Wikipedia. Retrieved Feb 8 from http://www.answers.com/topic/general-motors-streetcar-conspiracy
The United States has had several scares throughout its history in terms of oil, most turn out to be over exaggerations of a small event. However, these scares highlight a massive issue with the U.S. and that issue is the U.S.’s dependence on foreign oil. Why does it matter that our oil should come from over seas? In a healthy economy this probably wouldn’t be as relevant, but the U.S.’s economy is not exactly healthy at the moment. There are 4 things that I would like to address: what the problem is, how it affects us, what some solutions are, and what solutions I feel are best.
The 1996 documentary Who Killed the Electric Car? explores the factors behind the demise of General Motors’ EV1, the popular and elusive electric car of the early 1990’s. The EVI was popular with the public, and it was clean, fast and efficient. This video sets out to solve what is effectively a murder mystery – the plug was pulled on the EV1 in 2002 after only 1,000 of these cars had been produced by GM, most of which were subsequently destroyed by the company in a secret location in the Arizona desert.
"The Automobile." American Decades. Ed. Judith S. Baughman, et al. Vol. 2: 1910-1919. Detroit: Gale, 2001. Gale Virtual Reference Library. Web. 5 Mar. 2014.
Since its discovery back in the year 1858 crude oil has been become one of the most sought after resources on the face of the planet. It is due to this fact that the oil industry has fallen into a rather odd category in the case of globalization and seeking out new markets, new labor and new customers. The reason being that the need for crude oil and fuel is always present therefore the product of oil in its basic sense sells itself and the companies do not have to go out and publicly advertise it in the sense that clothing lines and other commodities do. Oil companies must focus more on the matter of why an individual should buy their oil and along with other alternative fuels over their competitors even though in the end the companies products are the same thing. The company ExxonMobil has been the superior company in the oil industry for quite sometime now, and had plenty of success as individual companies before their merger in 1999. The reason for there success is partially due to the power they wield as the most successful company, leading to many new refineries around the world, making deals with smaller companies to gain access to new markets and are leading the world in alternative fuel research. However these things all come naturally to the biggest oil company in the industry, the real question is how they became the powerhouse they are now. That question can be answered by the way in which the company has not focused in globalizing their product of fuel and oil, but globalizing the image of the company company. This is achieved by focusing on charity in which they donate hundreds of millions of dollars, Foreign Direct Investment in areas in which they wish to expand by attempting to provide these impoverished areas wit...
America is dependent on other nations for their ability to create energy. The United States is the world’s largest consumer of oil at 18.49 million barrels of oil per day. And it will continue to be that way for the foreseeable future considering the next largest customer of oil only consumes about 60% of what the U.S. does. This makes the U.S. vulnerable to any instability that may arise in the energy industry. In 2011, the world’s top three oil companies were Saudi Aramco (12%), National Iranian Oil Company (5%), and China National Petroleum Corp (4%). The risk associated with these countries being the top oil producers is twofold. One, they are located half way around the world making it an expensive to transport the product logistically to a desired destination. And two, the U.S. has weak, if not contentious,...
Pratt, Joseph A. “Exxon and the Control of Oil.” Journal of American History. 99.1 (2012): 145-154. Academic search elite. Web. 26. Jan. 2014.
When John D. Rockefeller merged with the railroad companies, he had gained control of a strategic transportation route that no other companies would be able to use. Rockefeller would then be able to force the hand on the railroads and was granted a rebate on his shipments of oil. This was a kind of secret agreement between the two industries. None of the competition knew what the rates were for the rebates or the rates that Rockefeller was paying the railroad. This made it hard for the competition to keep up with the Standard Oil Company. The consequences led to many oil companies getting bought out by Rockefeller secretly. All in all, 25 co...
As it stands, oil companies have a firm grasp of the American economy. As the price of oil increases, the price of living also increases. Not only that, but they are getting away with paying dues they owe. "Oil companies have escaped more than 60 billion dollars in royalties because of a loophole to get access to more leases. The United States is the third largest producer of oil in the world, and 31 percent of that production comes from land owned by the federal government" (Offshore Drilling Will Enrich Big Oil Companies 2). America maintains this title even though "America's crude oil productivity has decreased since 1985" (Crude Oil Production 1). Currently, oil is becoming more expensive and damaging the economy while America is becoming more dependent on foreign oil; decreasing productivity and narrowing offshore drilling.
Exxon Oil Company is currently under scrutiny for possibly failing to disclose information to outside investors and the public about the effects of Exxon’s oil production on the climate and more importantly how those negative effects would affect the company’s business. The company
Campbell, Colin J., Laherrere, Jean H. "The End Of Cheap Oil." Scientific American Mar. 1998: 78-83.
These oil wells are great for the economic growth, inventing new jobs and fueling most of our vehicles. The Earth has literal oceans of oil stored in its soil waiting to be harvested. Meaning, crude oil isn’t renewable, and eventually it will run out. According to the British petroleum, the multinational gas and oil company headquarter, there is only enough to sustain the planet for roughly around 53.3 more years. The result of oil depletion will turn turbulent, and we will have to resort to renewable energy. The issue concerning this is that, renewable energies such as solar, water and wind have not been perfected and can be too expensive to use. In theory, renewable energy is still a stable and natural energy source that could potentially save the future. If the we invest in perfecting these energy sources instead of pipelines, oil companies could finally stop reaping the Earth of its oil and prevent a future crisis 50 years from now. We wouldn’t have the need to burn fossil fuels, and we could be one step closer to a cleaner Earth. Nonetheless, most people nowadays care only for shortcuts that will lead them to big money, even if it sacrifices our world’s interior, and the health of those that live upon
Throughout the past twenty years there have been several drastic changes in oil prices. These dramatic shifts are helpful to look at because of their impact upon the economy and the oil industry. During this time period there are three major shifts in oil price that can be linked to specific events in world history (Miller, 1998). First, the Arab oil embargo of 1973 caused a widespread oil crisis and brought crude oil from three dollars a barrel to a staggering twelve dollars a barrel. Second, the 1979 Iranian revolution caused another crisis that brought crude oil prices to an all time high of thirty-six dollars per barrel. Finally, the third major shift occurred in 1991 due to the Persian Gulf War (Miller, 1998).
The oil and gas industry in general is dominated by a few large firms therefore it is set as operating in an oligopoly market. Due to acquisitions in the industry, the four largest oil companies in the United States control the market power.
9. Boyne, Walter J. The History of the American automobile. New York: New York, 1988
Before any evidence can be introduced in support of the topic at hand, the definition of invention must be established. Legally, an invention is a new, useful, and non-obvious process, machine, or product. Maurice Fabre, author of A History of Land Transportation (1963), offered an interesting take on the automobile and its inventor. “Who, for that matter, can say who invented the automobile? Was it Cugnot with his lumbering “fardier” of 1769? Was it Trevithick with his steam carriage of 1801, or the Bollees with their steam car of 1813? Or Benz or Daimler with their first successful internal combustion gasoline engine cars of 1886? It depends what you mean by an automobile [2].” In the year 2001, what do we consider the automobile to be? I invite the reader to take a minute to look out the window. I see a street lined with cars. Many of these cars possess similar shapes and sizes. In fact, some of them are the same make and model, only...