Their friendship was brokeup when the Iraq government realized that they owed them billions. Although at that particular time after the Iraq-Iran war Iraq used much of their resources and could not pay their debt to Kuwait. In a desperate move to resolve this problem, they requested for a reduction in oil prices (Fitzgerald 45). Iraq and Kuwait were some of the biggest oil producing countries in percentage. The author claims that before the war they engaged into numerous arguments in regards to their oil business.
In this “Golden Age”, Oklahoma had already become home to thousands of jobs and companies. In the 1950s, oil production slowed down, but picked right back up again in about 1979, when the demand for oil greatly increased. This time around, there was contemporary and more advanced technology for their time, which lowered us down below the earth, thirty thousand feet. Petroleum related occupations became just as prominent as the oil itself. As for natural gas, the very first commercial use launched at a brick plant in Tulsa.
Mr. Bush has made several million dollars as an oil and gas businessman and was a part owner in the Texas Ranger Baseball team. He was elected as Governor to the State of Texas in November of 1994 and was re-elected to a second term to the same office in 1998. In one of the most widely publicized and highly scandalous Presidential campaigns, George W. Bush became the current US President. Mr. Bush is a great communicator and I feel that this has been proven in the recent Presidential race. I feel that he very clearly organized and outlined his campaign and was the most well received candidate by the American people.
Many Arab nations today look down on the United States with much less respect for the nation than they once had. They believe the United States boldly made up evidence and invaded Iraq because of their arrogant military force. Subsequently, the Persian Gulf War was truly a crippling blow for all of the nations involved.
“Overnight, OPEC raised the price of its oil from $3 to $5.11/By ”[ Merrill, Karen R.. The oil crisis of 1973-1974: a brief history with documents. Boston: Bedford/St. Martin's, 2007, 22.] Not surprisingly, the United States was strongly affected by the oil shortage and the the high price of oil.
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.
Furthermore, the number of progressive drilling rigs in Oklahoma also hit a record of 882. The total quantity produced from the soul and natural gas industry in Oklahoma reached about 40 billion dollars in 2007. Also, through the gross production tax, oil and natural gas producers and royalty owners gave more than 2 billion dollars to Oklahoma used for teacher retirement, public schools, wildlife management, bridges, roads, and state colleges. Petroleum remains an indispensable Sooner State industry. Natural gas continued to grow in the early 1990s despite of the entire staggering bust that was caused by the plummeting world crude oil p... ... middle of paper ... ...understandable surge effects through the worldwide monetary precinct put the hamper on economics movement.
(Glover and Behrens, Energy: selected facts and numbers) This just shows how important energy is to the United States, which makes sense that oil companies would attempt to overcharge and swindle us because the U.S. is dependent on it. Like the spoiled Americans that most of us are we use energy every day, and if all of a sudden we couldn?t access it things would be chaotic, for instance, the California blackout. Like most issues there is always two sides, just as in this one, and while oil companies ?observe? the energy price crisis, they blame the consumers. This epidemic is a strong battle between the consumers and oil companies.
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.
It was British and American oil companies that created the oil industry in Iraq, and their facilities were illegally taken away from them decades ago. A war for oil is no less justifiable than any other conflict to take back what is rightfully ours. Yet it still does not seem right, because thousands of people are going to be dying for oil. If the United States were to inte... ... middle of paper ... ...in 1979. I am sure as soon as this new leader does something wrong to the Untied States he will get taken out of office and a new president of our choice will be put into office.