U.S. Oil Dependency

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U.S. Oil Dependency

By

Demarcus Pringle

Saginaw Career Complex

2102 Weiss Street

Saginaw, Michigan 48602

(989) 399-6150

Five Pages

Mrs. Cheri Wilson, Advisor

Historical Review

The first successful oil well was built by James Miller Williams in North America on a deposit located near the present-day towns of Oil Springs and Petrolia. The Tripp brothers first recognized the beds in 1851. After failing to develop their find, Williams jumped on the chance to purchase the wells. In his first two years, Williams pumped fifteen hundred m³ of crude oil. He then began the first integrated oil company; exploring, drilling and refining the oil into finished products. "The Canada Oil Company," he decided to call it. These fields supplied ninety percent of the oil consumed in Canada and Petrolia for the next fifty years. By the turn of the century, it began to slow down. As the Petrolia oil rush hit a plateau and came to a standstill in Canada, those who worked the drills found their skills in high demand around the world to as many as eighty seven countries. Thus, the great oil fields in the Middle East, Gobi Desert, and South America were created.

As time progressed, the United State's dependency for foreign oil has tremendously grown and is showing no sign of ceasing anytime soon. You may even say that America is addicted to oil. Our thirst for this natural resource has created a major rise in fuel cost. Oil peaking is going to happen, but the timing is uncertain. We, as a country, must lessen our demand for oil and ease our reliance from outside sources for oil before we are forced to rely on something that is in such a high demand. Our economy is shaped by the availability of low cost oil, once oil peaking has occurred. Not only will the U.S economy be hit, but the global economy will be affected as well.
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United States Imports and Fuel Pricing

The United States is the greatest country in the world, and its demands are many. To run a great country, you need great transportation. For great transportation, you need a way to propel the vehicles; this creates our great need of oil. We are the world's major oil consumer, with a per capita consumption of 28 barrels a year, compared to only two barrels a year for a Chinese citizen. Though we are the greatest country in the world, our natural resources are not many. Needing oil, we look to the ...

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