Petroleum history
Petroleum industry was initialized by Edwin Drake in the 1850's, near Titusville, Pennsylvania. The industry grew slowly in the 1800s and did not become a real national concern until the early part of the 20th century; the introduction of the internal combustion engine provided a demand that has largely sustained the industry to this day. Early "local" finds like those in Pennsylvania and Ontario were quickly exhausted, leading to "oil booms" in Texas and California. Other countries had sizable oil reserves as a part of their colonial holdings, and started to develop at an industrial level.
While even in 1955 coal was still the world's foremost fuel oil began to take over. TOday about 90% of fuel needs are met by oil. Following the 1973 oil crisis there was significant media coverage of oil supply levels. This brought to light the concern that oil is a limited resource that we will eventually run out of, at least as an economically viable energy source. At the time, the most common and popular predictions were always quite dire, and when they did not come true many dismissed all such discussion. The future of petroleum as a fuel remains somewhat controversial. Some would argue that because the total amount of petroleum is finite, the dire predictions of the 1970s have merely been postponed. Others argue that technology will continue to allow for the production of cheap hydrocarbons and that the earth has vast sources of unconventional petroleum reserves in the form of tar sands, bitumen fields, oil shale, and methyl hydrate that will allow for petroleum use to continue for an extremely long period in the future.
The presence of the oil industry has significant social and environmental impacts, both from accidents and from routine activities such as seismic exploration, drilling and the generation of polluting wastes. Oil extraction is expensive and frequently environmentally damaging. Offshore exploration and extraction of oil disturbs the surrounding marine environment. Extraction may involve dredging which stirs up the sea bed killing the sea plants that marine creatures require to survive. Crude oil and refined fuel spills from tanker ship accidents have damaged fragile ecosystems in Alaska, the Galapagos Islands, and many other places. Fortunately, renewable energy source alternatives do exist.
List of Petroleum Companies
- Arbusto Energy
- British Petroleum, UK
- ChevronTexaco, USA
- Exxon Mobil, USA
- Gulf Oil, USA
- Koch Oil
- Shell Oil, Netherlands
- Statoil, Norway
- ConocoPhillips
- Total, France
- Citgo
- YUKOS, Russia
- Petrobras, Brazil
- YPF, Argentina
- YPFB, Bolivia
- Repsol, Spain
- PDVSA, Venezuela
See also