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What impact did it have during this time period all around the USA?
I'm just basing this answer on 40 years of reading books, so it may not be what your teacher wants. The main use of oils during the industrial revolution was as lubricants. A very fine lubricant was whale oil, so this led to the importance of the whaling
The U.S. exported more oil-based fuels than it imported in the first nine months of this year, making it likely that 2011 will be the first time since 1949 that the nation is a net exporter of such goods, primarily diesel.
That's not all. The U.S. has reversed another decades-long trend. It began producing more crude oil in 2008 than the year before and accelerated that upswing 3% in the first nine months of this year compared with the same period in 2010. That production has helped reduce U.S. imports of crude oil by about 10% since 2006.
"It's dramatic. It's transformative," Edward Morse , a former senior U.S. energy official who now directs global commodities research at Citigroup, says of the historic shifts. He says the U.S. is importing a smaller share — 49% in 2010, down from 60% in 2005 — of the oil it uses, adding: "We're moving toward energy independence."
He says the U.S. economy benefits, because its low natural gas prices help make its steel and other manufacturing industries more competitive. He says U.S. consumers benefit with more jobs and gasoline prices that are lower and less volatile than in many countries.
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sweeping the Middle East, one thing is guaranteed: the world of oil will. Persia before World War I, Western powers have repeatedly intervened in. the Middle East to ensure the survival of authoritarian governments. For a century stretching back to the discovery of oil in southwestern. affluence of industrialized societies would be inconceivable. expansion of Western economies after World War II and the current....
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Barbarians of Oil, How the World's Oil Addiction Threatens Global Prosperity and Four Investments to Protect Your Wealth Sandy Franks gives us another way to look at it . . . another way to understand this amazing story. Everyone should read this book. |
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An energy revolution "Drilling for more oil, however, won't get us out of the crisis because oil is the crisis," he writes. "The reality is that the oil-based Second Industrial Revolution is aging and will never rebound to its former glory." He makes a lot of absolute |
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Superhero oil-burping algae will save the world We need to stop being dependent on the corrupting effect that is oil now!" – HuffPost Super User "ProgressivePicon86" The next energy revolution is coming - and promises the biggest disruption since the industrial revolution. Today we assume that oil |
Man, Nature, and Costa Rica
It's a perfect metaphor for the end of heavy industrialization, which began with the discovery and first successful drilling for oil in—where else? —Pennsylvania, in 1859. Whether we've reached 'peak oil' or not, the Industrial Revolution has run its
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Guest opinion; Now is the time to fight the Keystone pipeline President Obama needs to develop a green energy plan that puts unemployed Americans back to work leading a worldwide green industrial revolution. It is time to turn the rust belt into the green belt by building the solar panels, wind turbines and |
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Dewitt Comments on .XXX Antitrust Lawsuit What are antitrust laws? You need to go back to the Industrial Revolution to understand them. Back then, Standard Oil and US Steel were classic examples of businesses that had used their size to monopolize their respective industries. |