Final Essay

In 1900, Oil was discovered in Texas, USA, and the Hamill brothers orchestrated the drilling of the wells. The Hamills used a steam engine to drill the well. At 11000, they reached the oil reservoirs. Initially, the oil reservoirs were projected to produce 50 gallons a day but surpassed to 80,000 gallons, making the USA the largest oil producer in the world. This reflection paper seeks to discuss how the discovery of oil in Texas enhanced the economic growth in the country.

Black gold or otherwise known as petroleum, was a great impact and change to certain places and created a new source of fuel for rapid trading and industrialization. It changed the face of Texas after the Texas oil boom had occurred in 1901. Saudi Arabia is probably one of the first things that you think of when you think of oil and their discovery of oil would change Middle eastern trading forever. Another important part of the oil history is Edwin Drake and the first oil well in America. Oil was in extreme abundance that it came down to 3 cents a barrel. Petroleum has grown around the world and impacted us in a big way with traveling easily and trading with others.

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product.

According to Diamond, oil-states can be generally defined as countries whose economies are dominated by oil. Among “the twenty-three countries whose economies are most dominated by oil today, not a single one of them is a democracy. (Diamond 74)” When oil initially becomes a large source of revenue for countries, negative effects immediately occur. One major reason for this is that when an economy is dominated by

When you pour oil into the water the oil separates from the water as bubbles and floats to the top and looks like a film on top of the water.

The chapter by Manabu Shimizu focuses on Japan’s efforts in oil exploration and the country’s future goals in the oil industry. Since Japan imports all of its oil, the “challenge is to establish a long-term, sustainable oil supply” (Shimizu 113). Japan has begun to fund Central Asian oil exploration in the hopes of a big oil market being produced for that region. However, Japan does not intend to import oil from Central Asia, rather they want other regions to do import. By doing so, some of the production pressure is lifted from the Middle East, which is where most of Japan’s oil comes from. At the moment, the Middle East is the main producer of oil for many countries with great power over the market, and Japan hopes to create another market

Renewable energy has currently become a significant aspect in the countries generation, combination, and a constitution focus of government policy for energy, and environmental protection. As a result of public’s growing responsibility for the environment and constantly binding rules, and regulations of emission in the electric power industry, government has facilitated policies to boost the amount of renewable energy in the electricity generation portfolio. Additionally, the generation of electricity from renewable resources creates insufficient, and frequently, zero emissions of pollutants that comes from traditional fossil fuel production technologies. The additional use of renewable energy aids utilities in their emission agreement obligations. Furthermore, the anticipation of agreement with any future carbon emissions management would further toughen the incentive to move towards cleaner electricity creating technologies (Langwith, 2009).

The chief argument in support of the drilling for oil seems to be promise of economic prosperity in the form of reduced foreign dependency, a significantly boosted United States Gross National Product, greatly improved nationwide employment, and widespread individual economic betterment in exchange for little negative environmental implication. The chief counter argument also seems to be in favor of similar economic prosperity. However, this counter argument recommends much more environmentally concerned means to obtain the same economic goals in the form of suggestions towards improving fuel efficiency and pursuing other economically profitable means of reducing the overall need for such environmentally harmful activities in the first

It’s ironic how to get over one guy because he won’t sleep with you, your friend advice you to go sleep with many more to get that original guy out of you system. The moral decay is the fact that Lenina doesn’t recognize that she likes John because she wants to be with John, not just another sexual partner or lover to conquer. The lack of real relationships that this civilization forbid effects those who are confused on what they want and what they need. Sexual desire will not fulfil the empty longing for connection neither will a happy pill of Soma heal a broken heart. This utopia explains how the morals effect the action and culture of a community. If the community instructs that all male can have more than one sex partner than the culture and morals will be lost because the lust overcompensate the ethical morals have not having sex as the major role in human existence.

Black, sticky, and it runs the world. Oil is arguably the most controversial product in the world. People have fought, died, and lied just to obtain some of it. Ever since the 1800s, the race to find more oil and its clutch on our economy has been at an all-time high. First discovered as an accident thousands of years ago by nomadic peoples, oil has been a blessing for society. Oil has served as everything from a staple to the medical field, to running our cars and heating our homes. The human population has become more dependent than ever on this miracle fuel. But, after peaking in the 1970s, oil production has slowly been dropping. Alongside the lack of oil discovery, the environmental consequences are beginning to show themselves. In Black Gold, Albert Marrin presents a cross in the road of energy production; continue down our destructive path, or head into the hopeful future of alternative sources.

Just as we were beginning to think they may retreat after two failed attempts to siege our city, the Turks delivered a third and final strike, composed widely of Janissaries of whom were thoroughly trained in the expertise of battle. Despite a swift attempt by our soldiers to again tip the ladders that allowed the Turks to scale the city walls, many enemy forces made headway over the top and eagerly slaughtered their way into the city. While in the last two attempts we had successfully fended off the invasion, the pursuit of their trained Janissaries quickly proved superior as they battled their way through our defenses. Perhaps all hope would not have been lost if one fatal event had not occurred: one of the main entry gates into the city

Oil is and will be the dominant sector of economy in the world for some more decades. It is capable of taking entire countries out of their economic trouble as well as giving them power over other nations. Ecuador, a small country in the north west of South America, began to take part in oil industry about four and a half decades ago. The government started looking for more small petroleum reserves in 2004 without the expectation of finding much. This is why in 2007 it was an enormous surprise when they found one that could help take their “third world country” stereotype away. The only problem is it is located under the world’s most diverse spot on earth. Because of this the government decided to structure a project called Yasuni-ITT to save this precious place. In 2013 this project was canceled since no great support from other countries was shown. Yasuni-ITT was a precise approach to the solution of this dilemma because it prevented an ecological impact from occurring while also allowing Ecuador to advance economically. All of this could had been achieved if other nations would have shown interest in saving the environment.

The oil-rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was for many decades considered among the wealthiest nations in the entire continent. While having the largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very black gold that has been the cause of its success has also proven to repeatedly be its kryptonite. Over half of the nation’s Gross Domestic Product stems from petroleum exports – which equates to approximately 95% of total exports. It is really not too hard to imagine what drastic consequences shifts in global oil prices could have on the economy.

Oil has repeatedly been referred to as any economy’s lifeblood. Whereas this is an overemphasis, oil has been the utmost key, nonhuman resource of economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic prominence of this product. The book was published by Simon and Schuster in 2011 in New York, and contains 928 pages, as its ISBN is 1439134839. This research paper aims to provide a book review on Daniel Yergin’s “The Prize.”

Before finding oil, the United Arab Emirates was a poor nation and their economy relied heavily on fishing and a declining pearl industry (BBC, 2015). After offshore petroleum was discovered in 1966, the oil industry’s