Oil

A detailed Summary of Oil


The petroleum industry is no different than any other business. It exist to make money and will pursue any means to profit. Americans and other people of the world don't realize how much of an impact the petroleum industry has on the world economy. Most of us don't think twice or even once at the gas pump about where our money is going. We just grumble occasionally about the price, then pay and drive off until the tank hits empty, requiring us to return. For the past century the petroleum industry and the automobile industry have grown almost as one, industry dependent on each other in the pursuit of profits.

According to Ecarta 97, Petroleum has been in use by man for centuries in the form of lubricants and medicinal products. The past century has seen an explosion of petroleum exploration to feed the combustion engine. The combustion engine is mainly used in the transportation industry, primarily automobiles. This century old technology has grown to the poin


Advertising has also kept the industry going. Advertisers portray a different picture that gets your mind off the problem. Petroleum companies play on your automotive desires, like gasoline that performs well and gives you more power. They also play on the convenience of their stores by selling unrelated products such as groceries. The industry has changed only to meet economic needs.

The industry doesn't want to solve the problem. People are making billions of dollars every year selling petroleum products that feed our transportation industry. Everything from gasoline, lubricants, paints and plastics are made from petroleum, and are used in our automobiles. In 1980 over 114 million automobiles were reported to be on the road according to government statistics. Consumers continue to demand better and faster automobiles giving the industry more of an excuse not to change and ignore the problem.

produce more and profit. These dilemmas will persist as long as the auto and petroleum industr

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Approximate Word count = 675
Approximate Pages = 3 (250 words per page double spaced)

Category: History

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