By the fall of 1918, it was clear that a nation's prosperity, even its very survival, depended on securing a safe, abundant supply of cheap oil.
Albert MarrinAmerica experienced its first oil shock. Within days of the cutoff, oil prices rose from $2.90 to $11.65 a barrel; gasoline prices soared from 20 cents to $1.20 a gallon, an all-time high. Across America, fuel shortages forced factories to close early and airlines to cancel flights. Filling stations posted signs: 'Sorry, No Gas Today.' If a station did have gasoline, motorists lined up before sunrise to buy a few gallons; owners limited the amount sold to each customer. Motorists grew impatient. Fistfights broke out, and occasionally, gunfire. President Nixon called for America to end its dependence on foreign oil. 'Let us set as our national goal. . . that by the end of this decade we will have developed the potential to meet our own energy needs without depending on any foreign energy source,' he said. We have still not met this goal.
Albert MarrinIt is in our best interest to. . . embark on a revolutionary change that will lead us away from oil dependency rather than drag our feet and suffer the costs of becoming growingly dependent on a diminishing resource.' Truer words were never written.
Albert MarrinTags: energy oil dependency
Rising demand for oil exposed Europe, and later America, to oil shocks - serious interruptions in supply. Like a pebble tossed into a pond, an oil shock creats ripples, or effects, felt everywhere.
Oil shocks have two causes. The first is natural, because existing oil fields may not yield enough to satisfy demand. Scarcity results in higher prices for oil products, reducing our standard of living. Natural scarcity was not a problem in the world's major producing areas until recently.
The second cause of oil shocks is political. Political shocks happen when governments of oil-producing countries reduce or halt supply to gain the upper hand in dealings with other governments. This is the case in the Middle East, where oil has often mixed with politics, religion, and blood. The reasons for this have shaped the history of recent times.
Tags: politics oil natural-causes
One does not go to Moscow to get fat.
John UpdikeTags: humor poverty russia oil russian moscow john-updike quotes-about-moscow quotes-about-russia
We tend to think of environmental catastrophes—such as the recent Exxon Valdez oil-spill disaster in the Bay of Alaska—as "accidents": isolated phenomena that erupt without notice or warning. But when does the word accident become inappropriate? When are such occurrences inevitable rather than accidental? And when does a consistent pattern of inevitable disasters point to a deep-seated crisis that is not only environmental but profoundly social?
Murray BookchinTags: nature environment oil pollution oil-spill
One of the things that we don't want to do is to destroy the infrastructure of Iraq, because in a few days we're going to own that country.
Tom BrokawTags: imperialism iraq oil infrastructure
Probably no single event highlights the strength of Campbell’s argument (on peak oil) better than the rapid development of the Alberta tar sands. Bitumen, the world’s ugliest and most expensive hydrocarbon, can never be a reasonable substitute for light oil due to its extreme capital, energy, and carbon intensity. Bitumen looks, smells, and behaves like asphalt; running an economy on it is akin to digging up our existing road infrastructure, melting it down, and enriching the goop with hydrogen until it becomes a sulfur-rich but marketable oil.
Andrew NikiforukTags: energy global-warming oil peak-oil
If you can pick the baby up without him squirting our of your hands like a bar of soap in the shower, he's not oiled up enough.
James LileksThe ribboned gallons that rule us like beliefs rooted in single experiences.
Cameron ConawayTags: experience poetry philosophy belief nature oil
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