11-02-2022, 02:24 AM
Learn why electric cars never came to its full fruition...
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... and learn how alcohol was not developed into a full fledged fuel industry until only recently. One of the biggest reasons prohibition came about...it certainly did help the big oil industries.
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Good cheer in friends is bad for business.
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https://youtu.be/Mwje82yH64U
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https://youtu.be/Mwje82yH64U
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The 19th century was a period of great change and rapid industrialization. The iron and steel industry spawned new construction materials, the railroads connected the country and the discovery of oil provided a new source of fuel.
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The discovery of the Spindletop geyser in 1901 drove huge growth in the oil industry. Within a year, more than 1,500 oil companies had been chartered, and oil became the dominant fuel of the 20th century and an integral part of the American economy.
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When you think about how important oil is to the economy, how many wars have been fought over the stuff and its affect on global warming, you'd forget that it's a relatively recent commodity.
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While is seems that our love of black gold has gone on forever, the oil industry as we know it is less than 100-years-old.
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And as recently as 75-year-ago the oil rich nations of the Middle East were poor desert countries with small populations and even smaller wallets.
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Things have changed a lot since then obviously. The United Arab Emirates, Dubai and Saudi Arabia are lands of the kind of conspicuous consumption not seen since the Indian Maharajas.
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... and learn how alcohol was not developed into a full fledged fuel industry until only recently. One of the biggest reasons prohibition came about...it certainly did help the big oil industries.
Â
Good cheer in friends is bad for business.
Â
https://youtu.be/Mwje82yH64U
Â
https://youtu.be/Mwje82yH64U
Â
The 19th century was a period of great change and rapid industrialization. The iron and steel industry spawned new construction materials, the railroads connected the country and the discovery of oil provided a new source of fuel.
Â
The discovery of the Spindletop geyser in 1901 drove huge growth in the oil industry. Within a year, more than 1,500 oil companies had been chartered, and oil became the dominant fuel of the 20th century and an integral part of the American economy.
Â
When you think about how important oil is to the economy, how many wars have been fought over the stuff and its affect on global warming, you'd forget that it's a relatively recent commodity.
Â
While is seems that our love of black gold has gone on forever, the oil industry as we know it is less than 100-years-old.
Â
And as recently as 75-year-ago the oil rich nations of the Middle East were poor desert countries with small populations and even smaller wallets.
Â
Things have changed a lot since then obviously. The United Arab Emirates, Dubai and Saudi Arabia are lands of the kind of conspicuous consumption not seen since the Indian Maharajas.
Â
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