StudentShare solutions
Triangle menu

The Party is Over - Essay Example

Not dowloaded yet
Oil industry boomed especially during 1860 and 1900 when scientific and technological discoveries took place. Another oil pioneer that is credited for his contribution to the oil expansion is French engineer J.J. Etienne Lenoirn who with his discovery of first world internal combustion engine which depended much to the gasoline.
Though it took almost 40 years to have clear automobile and interdependency of oil and industries, Lenoirn certainly paved the way for oil production with his innovation of internal engine combustion. In 1990, kerosene sky-rocketed the oil production due to the domestic usage of lighting and cooking, which later on the supply was affected by the invention of electric bulbs.
After World War I, city construction in Europe paved the way for automobiles which later on increased oil production. Though most of war automobiles used fuel which was largely supplied by US, which led to the systemization of oil production, refining and shipping. Oil importance was vividly seen during this time which contributed much to the US economic growth. The US became the world superpower nation due to the wealth accumulated during the year of 1950 to 1965 which doubled again from year 1965 to 1980.
Though an oil price has been fluctuating, oil and its products have been valuable resource which contributed much to the automakers together with oil companies in America. Though a link between auto industries and oil companies grew fast which saw more cars releases, other economic aspects also had positive impact to the country which made America to depend heavily on oil production to date.
Due to it's heavily dependence on oil, America oil production started to decline which has made US looking for oil out of America. Oil revolution has not only changed Americans life, but the world as whole. US strike a deal of 50/50 split with Saudi Arabia which made US which assured US of more oil while Britain strike deal with Iran which later on was nationalised during the nationalism in Iran. Taking a good look at the trend of economic development around the world, especially in the oil producing countries, it is evidenced that these countries experienced a certain amount of conflicts.
Apart from the conflicts, US have now become largest oil user, which cannot even meet the domestic demand. "Importation of oil to US has been increasing since 1970 which US has to make up for its shortfall from domestic production." (Richard Heinberg, The Party is Over, 2nd Edition 2005).
US being the well-explored country have not managed to meet it domestic demand for oil. Being an industrial country, the oil production has to be high as well, the notion that has forced US to look for alternative in filling the gap of the energy required. In his book, Richard Heinberg described some of alternative energy sources like solar energy and atomic energy that could at least help in meeting the demand. . However, efforts to improve efficiency are subject to diminishing returns, and so eventually a point will be reached where reduced energy availability will translate to reduced economic activity.
According to Richard Heinberg, US is the world's largest energy consumer, the centre of global industrial empire and, and the holder of the most powerful store of weaponry in world history. This might play vital role in shaping the geopolitics of the new century. ...Show more

Summary

When Col. Edwin L. Drake drilled oil at Titusville in 1859 could not anticipated the impact oil industry could have to the modern world. Though oil industry has been in various ups and downs but it has remained to be the most valuable asset and the cheapest energy resources in the world…
Author : nienoweloy
The Party is Over essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The Party is Over"
with a personal 20% discount.
Grab the best paper

Related Essays

Brazilian Worker's Party System
The Brazilian government has the right to executive power in the country’s 26 states. A presidential term is four years, though the president can seek re-election for a second term in office. Brazil has always had a multiparty system, which has an average of fifteen parties. 
4 pages (1000 words) Essay
Party Press
There is controversy on whether, cell phones could be considered as part of the mass media or not. The first printed book which was dated was named “Diamond Sutra”, printed in China, around 868 AD. Although there exists evidence that books were printed even before that stated date.
6 pages (1500 words) Essay
The Power of Green Party
Analysts and researchers argue that the Green Party brought a beckon of hope for the country, despite the perception that all political parties in one or another have a way of disappointing the hopes of the populace. In the case of the Green party, the situation seems a little bit different, as a great percentage of comments by the ordinary populace believe in the policies of the Party.
9 pages (2250 words) Essay
Party Polarization Essay
United States as a country has witnessed numerous political developments especially after it gained independence. Among many political developments in the United States, political polarization has been critical in defining the country’s politics in recent past and current patterns indicate that it will continue going into the future.
8 pages (2000 words) Essay
U.S History : The Populist Party
U.S History : The Populist Party In Omaha, the Populist Party adopted the populist philosophy, but their plan for change did not last long, and the Populist Party failed so it was not a serious party. In their preamble, the Populist Party declared their explanation of league’s of the farmers Alliances.
3 pages (750 words) Essay
Democratic Party and Republican Party
Both the Republicans and Democrats are aiming to do two things in the campaign. First mobilize their core supporters, both to vote in numbers and to persuade the neighbors to do the same. Second, win over as many as possible of those voters who consider themselves neither republican nor democrats.
2 pages (500 words) Essay
Chinese Communist Party
We are talking about none other than "China". All great nations have great histories (great stories) of nation building. Similarly we start with china, one of the longest or rather say luckiest histories in the world. The first Chinese settlements on the Yellow River dated back more than 4,000 years ago.
4 pages (1000 words) Essay
Third party rights over property
ness as cash was equal amounts from Kevin and Helen, although it is noted that Helen then got a small mortgage to make up the total amount required to buy the building and that Kevin installed new carpets into the building prior to the completion of the sale. Due to an increase
4 pages (1000 words) Essay
Birthday party
Katharine managed to present images of the main characters using precise literary devices. The word selection used in the story creates a solid idea about the married couple: presenting a husband she put
1 pages (250 words) Essay
Two Party System
Large number of people have developed negative opinions towards the two-party system in the last three decades. People are demanding for reforms in the two-party system
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation