oil

We have the resources in North America to become self-sufficient on our oil instead of Middle Eastern oil. Oil was first discovered in America in 1859 in Titusville, Pennsylvania. (Klare). 155 years later we still are getting oil from countries halfway around the world. Without discovering oil in the US, it would not have given rise to large multinational companies like John D Rockefeller Standard Oil, the big three auto factories, DuPont, airlines/freight industry, and other chemical companies. These companies employed most workers of the last century (Klare). Why can’t we do this now? If we drill here at home, it will trigger a domino effect to every job. For example, a well driller needs a truck to get to work causing him to buy gas; causing the gas station to purchase more gas increasing their profits, and they might open another franchise gas station in another town, thus hiring more employees, and the domino effect will continue. It can happen to more than just gas stations. Stores and housing will have the same effect. As an unprecedented amount money would be flowing in the economy, the more it will expand.

Now let’s look at the statistics of drilling here at home. The US proved reserves of crude oil at year end 2012 were estimated at 33.4 billion barrels, up 15.4% from 2011 and the highest since 1976 (OGJ). 1976 started a downfall on domestic drilling that some thought we can never get out of. Contributing factors to high oil output includes increased exploration, improved technology, and sustain high historical crude oil prices (OGJ). Three locations that increased production were Texas (3 billion barrels), Gulf of Mexico, and North Dakota (1.1 billion barrels). Overall, the total US oil production was 11,104,510 barr...

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... engineers are further testing natural gas in cars to reduce our consumption of oil based products. The less oil America and Canada consumes, the more convenient it will be for both of us. Once we begin to have a surplus of oil, the price of oil will decrease. Who knows, maybe there will be gas prices like there was 10 years ago. Teaming up with Canada for oil and natural gas will be the optimum choice for reducing stress in the Middle East, and keeping jobs here at home. Try to picture that there will be no killing, no wasteful spending, and no risk during an economic collapse.

Oil will always be a part of American culture. From cars to candles, there is a demand for oil. America could not thrive without oil. The demand will always be high until an alternative product is invented. But for now, our formula for success is rise early, work hard, and strike oil.