Oil In Tankers To Manipulate Prices?-Istock

The last two weeks oil inventories fell by a record 20 million barrels, this event has never happened in 30 years of historical data. So what the heck is going on here? It is not the case that this is the best economy in the last 30 years. It sure isn`t the case that Americans are using more fuel right now compared with any other time period during the last 30 years.

Peak Demand Era
In fact, the US market is maturing and using less fuel these days for several reasons like alternative energy, higher fuel efficiencies, fuel blending requirements, and a struggling economy with the highest rate of population on food stamps.
Supplies at Record Highs

Sure refiners are running at their highest rate of the year in the 92% range, but that is all normal for this time of the year. Yet this two week drawdown has never happened before, and curiously it happened as supplies were at record highs.

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Products Derived From Crude Oil

Gas: Chemical Raw Materials: Aleohols Esters Amines Retones Styrene Chlorinated hydro carbons Buadiene Synthetic rubbers Anesthyetic Anti freeze Nitro paraffins Resins Plastics Glycerine Lube oil improvers Antiknock atents Carbine Black: Ink Rubber Paints Refined Oils: Jet fuel Kerosene Stove fuel Railroad singnal oil Cattle spray Insect spray Tractor fuel Waxes: Wax paper Midicinal waxes Matches Polish Inslating Materials Chewing gum Food coating Candles Lubricating Oils: Hydraulic oils Printing ink oils Transmission oils Valve oils / Tubine oils Tempering oils / Marine oils Journal oils / Aviation oils Spindle oils / Diesel oils Steam Cylinder oils Compresion oils Railroad oils / Black oils Grease: Cup grease Switch grease Industrial grease Cable grease Coke: Fuel Carbon Brushes Metallurgical coke Carbon electrodes	╔ ║ ║ ║ ║ ╣ ║ ║ ║ ║ ║ ║ ╠ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╠ ╣ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╣ ║ ║ ╠ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╣ ║ ║ ╠ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╠ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╠ ║ ║ ║ ╣ ║ ║ ║ ║ ║ ║	Gas: Welding Metal-cutting Cooking & Heating Refrigerant Motor fuel Naphthas (commercial solvent): Aviation fuel Painter's Naphtha Cleaners Naphtha Toluenel/Xylene Fatty oil solvent Lacquer diluent Rubber solvent                ↑                ↑                ↑            Gasoline                ↓                ↓                ↓ Gas Oil: Diesal fuel Domestic fuel Industial fuel Naphthenic acids Carburetion oil Absorber oil White Oil: Medicinal oil Horticaltural oils Salves & Creams Cook's & Baker's oils Hydraulic oils Insulating oils Textile oils Sulfonates Petrolatum: Ointment Cosmetics Rust preventive Petrolatum jelly Lubricant Residual Fuel: Marine fuel Railroad fuel Wood presevative Industal fuel Asphalt: Road oils Paper saturants Fuel Briquetting Shingles / Roof coating Insulating compounds Rust preventive Asphalt paint Paving
Crude-Oil
1959

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Carbon Fiber, and Silicone

Oil a Piece of Work

 

_{I Am The Oil Industry   Chester Alan Arthur   James Buchanan   George Herbert Walker Bush   George W Bush   James Earl Carter   Grover Stephen Cleveland 1   Grover Stephen Cleveland 2   William Clinton   John Calvin Coolidge   Dwight David Eisenhower   Millard Fillmore   Gerald Rudolph Ford   Ulysses S. Grant   Warren Gamaliel Harding   Benjamin Harrison   Herbert Clark Hoover   Andrew Jackson   Thomas Jefferson   Lyndon Baines Johnson    John Fitzgerald Kennedy   Abraham Lincoln   James Madison   William McKinley   Richard Milhous Nixon   Barack Obama   James Knox Polk   Ronald Wilson Reagan   Franklin Delano Roosevelt   Theodore Roosevelt   William Howard Taft   Harry S. Truman   Thomas Woodrow Wilson}  

 

Between 3500 and 3000BC in the Bible is the earliest that we can fined oil.
The Tower of Babel, They bake bricks and used tar for mortar.

In fact the Babylonians, Assyrians, and Sumerians had used asphaltic bitumen. Even though they did not have cars, trucks, ocean liners, and aircrafts it became a big part of their economy.
I have kinda wondered what the Babylonians used to bake bricks with??? A mystery: Can you guess?

Bitumen which came from tar-pits (seeps) was used in paints, for waterproofing of baskets, wicker and mats. Bitumen mix with sulphur was used for fumigation, and the treatment of sores, fluxed with oil it was used for inflamed eyes. Bitumen mix with beer was a cure for different ailments. In fine art it was use as a cement for Mosaic, in construction, and in warfare.
Babylonians, Assyrians, and Sumerians were a part of Mesopotamia.

The Persian used Bituminous Mastic for the caulking of ships and nothing else.
The Romans and the Greeks did not use it at all and thought it to be some kinda freak of nature.
And by the time early western Europe came around the technology was totally lost.

1712 Sperm Whales were hunted for oil. From their fat for lighting, lubricating qualities, and Lard.
From the head of the Sperm Whale (spermaceti) was used to make candles.
This was used by the "Weather Customers" (The Rich).
The "Poorer Customer" (Common Folk) used animal and vegetable fat for lighting, which gave off a unpleasant odour.
Before they hunted Whales for oil, tallow candles, fish oil, and greases were used for lighting.

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Thomas Jefferson

1801-1809

1802 The first commercial manufacture of Coal gas near Birmingham, England by Thomas Murdock was used at his factory "Boulton & Watt".

James Madison

1809-1817

In 1812 The streets of London became the first in the World to be lighted by gas.
By 1816 Baltimore was lit up by Coal gas.

Andrew Jackson 1829-1837
In 1830 Boston and New York had gas lighting. Mostly in Public buildings and Street-lights. Isaiah Jennings took out a Patent on Camphene in 1830. (A redistilled spirit of Turpentine), and was used in lamp illuminating, some time mix with alcohol. 1833 Benjamin Stilliman Jr. had performed the First reported distillation of Petroleum in the United States. In 1834 A. F. Selligue took out a Patent for making Water Gas, a mixture of Carbon Monoxide and Hydrogen produced by reacting steam with incandescent coke. Selligue patented Autun schists (shale) for an oil that mixed with his water gas for better lighting.	Major Pollutants Carbon Monoxide: Carbon Monoxide is a odourless poisonous gas which is produced by the incomplete burning of carbon in fuels. Although Carbon Monoxide is produced from other sources, gasoline engines count for most of the Carbon Monoxide in the air.

James Polk 1845-1849 In 1845 the pneumatic tire was invented by a Scottish engineer name Robert W. Thomson. During the late 1840's and early 1850's the United States had a short lived Coal Oil Industry.

Millard Fillmore 1850-1853 James Young Obtained a Patent in England in 1850, and two years later in the United States in 1852 on the distillation of bitumeous mineral (from coal) such as Coal-Oil and a paraffin-type Crude Oil. From Coal was made a Marketable lubricating oil, coil-oil, and kerosene.

Franklin Pierce 1853-1857 Major Pollutants Nitrogen Oxides: Nitrogen makes up about 78% of the air we breath, and oxygen about 21%. Normally these gases don't combine chemically in the atmosphere, But in engines that run at high temperature they combine to from gases called Nitrogen Oxides, or Oxides of Nitrogen. In 1854 a Canadian by the name of Abraham Gesner got a U.S. Patented on Kerosene, It was use for Lighting.

James Buchanan 1857-1861 Edwin L Drake, and Billy Smith (a man employed by Edwin Drake) drilled his First well near Titusville, Pa. on Aug. 27 1859. With in 3 years there were some many wells that the price of oil went from $20.00 per barrel in 1859 to 10 cent; per barrel in 1861.

Abraham Lincoln 1861-1865 After Drake's well-started produce oil other started drilling well, including John Wilkes Booth. Booth and two other formed the Baramatic oil company to drill for oil Near Franklin Penn. After John Wilkes Booth shoot Abraham Lincoln in 1865 the well came in six week later, and it was a good one! (a gusher) Some of the first oil companies that came out of Pennsylvania where (Penn-Drake, Pennzoil, Quaker State, Valvoline, Coreco, Eldred, Pennreco, Colonial, Sohio, Socony, Indian, and Atlantic). In 1861 the first refinery was built in Pennsylvania, with 6 stills and bleachers. Oil has been a part of the World market even back then. It uses to be our number one Export. In 1863 the Pennsylvania legislature passed the First Anti-pollution Bill forbidding the running of tar and other distillery rejects into the creeks. During the 1800's oil was used to make Kerosene, and Gasoline was a waste product of Kerosene. Gasoline was taking out back some place and Burned in ditches. In 1865 the first oil pipeline was built. At five miles long, it cared 800 barrel per day. Major Pollutants Particulate Matter: This is made up of tiny solid or liquid particles of dust, whether natural or produced by human activity, is particulate. fly ash is an example, which results from the burning of fuels. Beryllium and asbestos are among the materials lotted as particulate pollutants Beryllium, used in rockets. Asbestos, used for isolating against heat

Ulysses Grant

1869-1877

In 1870 the first solid rubber tires appeared in England.

In 1876 Nikolaus August Otto, and Eugen Langen obtained a U.S. patents on the Two-cycle and four-cycle engine.
The first successful four cycle gas engine was built.

Chester Arthur 1881-1885 In 1882 Thomas Edison mad his first pubic presentation of his invention, the light bulb powered by electricity. (This reduced the need for Kerosene.) You may find it interesting that there are people today that still don't have electricity to their homes, including a friend of mine that live east of Sacramento, California. The problem that he has is that he has to buy the Power poles, and cover the cost of putting them in if he wants electricity to his house, and the cost are quit high. So they just use a generator for now. In January 1882 Standard Oil Trust agreement came into play where 29 separate oil companies stocks were put in the hands of nine trustees' for "safe keeping" and "management" with John D Rockefeller at the head. This became a way for Rockefeller to control the Price of oil by controlling the distribution, facilities, the exchange and the markets in the United States plus making deal with the railroad that other oil companies didn't enjoy. (Webster's Dictionary defines Trust as in a: /company/ a Corporation organized to perform the fiduciary function of tracts and agencies|commercial bank|) The customers sure love it when John D. Rockefeller drop prices to run the other oil companies out of business even though he was operating under cost of production, he was able to do this because of the Deals he made with the railroads. In 1863 Mauric B. Clark, John D. Rockefeller, and Samuel Andrews went into partnership to manufacturer Kerosene.

Grover Cleveland 1885-1889 In 1885 Gottlieb Daimler and Mayborn Wilhelm the first gasoline engine, and mounded it on a bicycle (The first motorcycle was born). Karl Benz mounded one on a three-wheeler. In 1886 Karl Benz add a 4th Wheel and the gasoline car was born. In 1888 John B. Dunlop (a Scottish Veterinarian) developed air filled rubber tubes for his son's Tricycle.

Benjamin Harrison 1889-1893 In 1890 Daimler Company was founded by Daimler and Wilhelm, and produce the Mercedes car. Mayborn Wilhelm was the inventor between the two of them; He invented the carburetor, radiator, and the Mercedes car. A man name Rudolf Diesel a German engineer born in Paris first Patented Diesel engine in 1892. The first Diesel engine he built almost killed him when it blow-up.

Grover Cleveland 1893-1897
In 1893-1894 Charles E. Duryea, and J. Frank Duryea built the First American gasoline powered car. In 1895 air filled Tube Pneumatic tires appeared on automobiles. In 1896 Henry Ford, Charles Brady King, Ransom Eli Olds, and Alexander Winton introduced their gasoline cars. Rudolf Diesel first built a successful Diesel engine in 1897.	Major Pollutants Sulfur Oxides: Is a gas. They are produced by sulfur containing fuels, such as Coal or Oil is burned. Sulfur Oxides, or Oxides of sulfur irritate the breathing passages and can damage your Lungs. Sulfur is also used in manufacturing processes producing the same gases.

William McKinley

1897-1901

The Curtis Act of 1898. This involved the Creek, Choctaw, Seminole, Chickasaw, Cherokee, and the Osage Nation. These were lease to drill for oil on Indian land. Supervision and administration of the leases was under the Secretary of Interior, and all royalty payment were paid directly to the United States Treasury and credited to the individual Tribes, and Osage Nation.

Theodore Roosevelt 1901-1909 In 1901 Ransom Eli Olds built the 425-gasoline automobile. Which began the mass production of cars in the United States. Also in 1901 at a depth of about 1100 ft. Captain Anthony F. Lucas, at Big Hill near Beaumont, Taxes was the biggest gusher the World ever seen, at a rate of 100,000 barrels per day. Within a year more than 400 oil well had been drilled. And so much oil was coming out of Texas that the price of oil plummeted to 3¢ per Barrel, It was named Spindle-Top by a land developer. (The price per barrel is at the wellhead). This is the first time that supply and demand did not work. John D. Rockefeller would not drop his prices to the consumer, He cap his prices at $2.00 per gallon for kerosene, and the other Oil Companies that where not part of his trust companies where afraid to go against him for the fear of being ran out of Business. Rockefeller would do this by taking a loss on the refinery end, by lowing the cost to the customer, he still was able to make money from the deals he had made with the railroads that the other oil companies didn't share, Lower shipping rates for high quantity shipping. In 1903 Henry Ford organized the Ford Motor Company. The first car where expensive, by 1908 the First Model T's appeared at a price of $850.00, By 1925 Ford had to a great extent reduce the cost of building the Model T and passed the saving on to the customer. The Cost to buy a Model T in 1925 was $260.00. A concept that has been lost in today's World, I must say. On December 17 1903 Wilbur and Orville Wright in Kitty Hawk North Carolina made the first Airplane Flight. Orville flew a 120 ft. that lasted about 12 Seconds and Wilbur the longest was 852 ft. and was in the air for 59 Seconds. In 1905 The Automobile Gasoline Company of St Louis, Missouri, The first drive-n filling station In the United States Open for Business. They probably used Jerry Cans. Also 1905 in Tulsa, Oklahoma a discovery of the Gleen Pole Field which made the State the largest oil producer in the United States. In 1906 John A Tokheim Invented the Tokheim Dome Oil Pump in Cedar Rapids, Iowa. It was the first Visible Measuring pump used in the World. Tokheim also designed one of the first curbside pumps with underground storage which where introduced in 1910.

William Taft 1909-1913
Major Pollutants Photo Chemical Oxidants: This is formed when Nitrogen Oxides combine with other substances found in automobile exhaust, and sunlight promotes the combining process. The photo Chemical Oxidants are the main ingredient of smog, and causes breathing problems and eye irritation.	In 1910 General Motors Corporation headed by Alfred Sloan in which he consolidation of several brands of cars; including Pontiac, Buick, Oldsmobile, and Cadillac. By direct responsibility GM's division chiefs supplied the market with the variety of models, colors, and accessories. On March 14 1910– September 10 1911 the Lakeview Gusher in Kern County, California. The Gusher put some 378,840,000 gallons (9,020,000 barrels) of crude on the ground. In 1911 the U.S. Supreme court ruled for the dismantling of Standard Oil Trust into 30 independent Companies. February 1912 Selandia the first diesel-powered ocean liner made her maiden voyage from Copenhagen to Bangkok. This is the year the Titanic sunk as well. May 17 1912 the Liquid Petroleum Gas (LPG) was born in Waterford Pennsylvania.

Thomas Wilson 1913-1921
In September 1913 The Panama Canal was completed. This made shipping oil cheaper, because ship no longer had to sail around South America. In 1914 Cadillac produced the first V-8 Engine. In 1914 Henry Ford cut the work day to 8hrs and doubled workers salary to $5.oo Per day. Can you even wrap your head around living on $5.oo a day? I know I can't. In 1916 The United States congress made if official that a barrel is 42-gallons. At one time half the people used 55-gallon barrels, and the other half used 42-gallon barrels.	Major Pollutants Chloro-fluoro Carbon: This was used as a refrigerant, and cleaners. It was also once used in sprays.
A Senate report in 1916 claimed that American oil had already passed their peak production, and were likely to be exhausted within 25 years. (This started the first oil panic in the United States.) In 1917 Hughes Tool Company offered for rent a Patented-drilling bit that was far superior to anything else at the time. In 1918 oil was $2.00 per barrel, and by December 1918 The first airmail route (New York-Philadelphia-Washington). In February 1919 The First State tax on oil in Oregon (1¢ per Gallon). By 1920 oil cost $3.00 per barrel, More than 30 oil companies where involved in Venezuelan oil production including Exxon, Gulf, Mobil, Texaco, and Amoco in addition to other American firms. Oil production rose from 1919 from 19,000 barrels per day to 523,000 barrels per day.

Warren Harding 1921-1923
Major Pollutants Acid Rain: This is rain or other precipitation that contains oxides of sulfur and nitrogen, along with other chemicals.	In 1921 Henry Ford cut his worker's Workweek from 6 days to 5 days. I'm sure it was to cut cost, and now a days we enjoy a 5 day work week.

John Coolidge

1923-1929

Diesel locomotives were introduced experimentally in 1923.

President Calvin Coolidge established the Federal Oil Conservation Board in 1924 in the interest of national security and future oil needs.

In 1925 the first Diesel train was placed in regular service.

In 1925 The Hughes Tool Company developed a new bit this one twice as efficient, the rotary Bit, Which he would not sell, but rent it instead.
(Don't forget the Model T is now selling for $260.00)

In 1926 Mayborn Wilhelm headed Daimler Company because of Gottlieb Daimler death in 1900, The Daimler Company and Benz merged together to make the Mercedes Benz Companies and Mercedes-Benz (the car) was born.

By 1927 the last year the Model T was sold, Ford had sold 15.5 million of them.

Herbert Hoover

1929-1933

Yearly average Gasoline Price 1929 1930 1931 1932 209¢ 199¢ 169¢ 179¢

In June 1932 Federal government place a “Temporary Tax” (of 1¢ per gallon) on gasoline. This so called “Temporary Tax” has never gone away, but it sure has gone up.

Franklin Roosevelt

1933-1945

Yearly average Gasoline Price 1933 179¢ 1937 199¢ 1941 189¢ 1934 189¢ 1938 199¢ 1942 199¢ 1935 189¢ 1939 189¢ 1943 209¢ 1936 189¢ 1940 179¢ 1944 209¢

The Burlington zephyr train went into service in 1934 In 1939 oil production rose to 779,000 barrels per day. The first freight diesels train went into service in 1940. July 1941 was the start of gasoline rationing during the war. Before World War II some Oil Companies used Feedstock to Boost Octane levels, and still other used Tetraethyl Lead to do that, although there was some lead in gasoline before that. hush, Don't tell anybody, it is a secret, which the oil companies did not want to share with each other.

December 7 1941 (the day the United States joined into World War II)
The First meeting of the Petroleum Industry War Council was held in Washington.
The Military needed higher-octane aviation gas (avgas for short) around 130% to 150% Octane levels.
The Administration for War (PAW) forced The Oil Companies to tell trade secrets to each other. They began to use both feedstock and tetraethyl lead to boost Octane.
The military, and our allies during the war used 600,000 barrels per day of avgas.
For the first time Oil Companies band together to argue with Congress on March 23 1942. To argue with Congress to build a pipeline, to transport all the oil needs of the war. From that the War Emergency Lines Corp. a nonprofit organization chartered by Congress.
The pipelines were name "Big inch" and "The Little big inch".
In August of 1942 "Big inch" was started being built, and by December 31, 1942 the First oil was pumped into a 20" pipeline from Texas to New York.
Little big inch was stated in February 1943. By the wars' end the two pipelines delivered 380 million barrels of oil.
The War Emergency Lines Corp. stockholders were [Attanic Refining Company, Cities Service, Gulf, Pan American, Shell, Sinclair, Socony (Mobil today), Standard of New Jersey, sun, Texaco, and Tidewater].

During the war in 1944 the Arabian American Oil Company (Aramco) [it consist of Mobil, Exxon, Chevron, and Texaco] found oil in Saudi Arabia, the Ghawar field that has proven to be the largest petroleum deposit on earth.

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U.S. Oil Spills

On March 6 1937 the SS Frank H. Buck / SS President Coolidge collision in the San Francisco Bay, resulting in 2,732,000 gallons (65,047 barrels) spilling into the bay.

From 1940s to the 1950s the Greenpoint, Brooklyn oil spill in Newtown Creek, Greenpoint, Brooklyn, New York. the spill was some 17,002,000 gallons (404,800 barrels) to 29,999,000 gallons (714,267 barrels).

Harry Truman 1945-1953 Yearly average Gasoline Price 1945 209¢ 1949 269¢ 1946 209¢ 1950 269¢ 1947 229¢ 1951 269¢ 1948 259¢ 1952 269¢ Gasoline rationing ended on August 15, 1945 World War II ended in Europe on May 7, and in the Pacific on September 2, 1945 In December 1946 Big inch, and Little big inch were turned into Natural gas transmission pipelines. After the war was over and because of the war need for High-octane fuel, along came the High compression automobile engines, and America Love affair with the Automobile. With the high-octane levels in fuel we were getting more powerful, and high mileage cars than every before. After the war was over we had Regular gasoline, Premium or Supreme gasoline (depending on what service station you where at), and Ethel gasoline was sold at the pump. The tubeless tire was introduced in 1948. U.S. Oil Spills From 1950's – 1996 the Avila Beach pipeline in Avila Beach, California. It spilt a total of 400,400 gallons (9,533 barrels). From 1950's – 1994 the Guadalupe Oil Field in Guadalupe, California. 8,932,000 gallons. (212,667 barrels)

Dwight Eisenhower 1953-1961 In 1954 US Department of State promoted the establishment of the "International Consortium" on Iranian oil. September 1959 the price of a Barrel of oil was $1.91 I Am The Oil Industry I'm a hundred years oil... but I'm a youngster. I have put the mightiest nation in the world on wheels, in the air, on the sea. Before I was born, the world was a-slumber. Now that I exist, the world is alive as never before. If I should die, The world would surely slumber again, Perhaps wither, and in many ways...die. Yes, I am might. I oiled the tanks that fired the cannon that stopped the Hun at St. Mihiel. I advanced with every dogface that wrested an inch of ground at Guadal Canal and Iwo Jima. I powered the plane that dropped the bomb a Hiroshima and I fueled the fleet that crossed the channel to Normandy. I mixed with American blood that dried an Pork Chop Hill and barren sod of Korea. But I'm as humane as I am Mighty. I grease the parts of the iron lung. I fuel the tractors that work the field that produce the bread that feeds the hungry. I power the trucks with the beg red cross that fight disaster. I lubricate the gear that spins the generators that light the land and I oil the glove that catches the pitch in the World series. I am freedom, Independence, the American way of life. I take the savings of the people, blend them with the labor by the people, and convert them into profits for the people. I search for oil, and if I'm lucky, I find it...and produce it...and transport it...and refine it...and sell it. And while profit is my Motive, Progress is the result. I'm hundreds of skills and thousands of products and millions of people. I'm as democratic and law-abiding and public-spirited as American can make me. What I do, I do for the good of the more than 3,000,000 Americans who own me, the 1,650,000 Americans who work for me, and the 180,000,000 American customers I serve. When People hail my merits, I must pass this credit on to the whole of America, And when people condemn me I must ask them to reassess their own shortcomings. for I am the people of America, with all their short coming... With all their greatness. I am the Oil Industry. (From the D-X Sunray News 1959) Yearly average Gasoline Price 1945 209¢ 1949 269¢ 1946 209¢ 1950 269¢ 1947 229¢ 1951 269¢ 1948 259¢ 1952 269¢ In 1959 President Eisenhower put in place to regulations restricting the amount of Oil we could import into the United States. This was to promote the Oil Companies to look for Oil here in the United States. In 1960 Opec was founded (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). The United States and European oil companies, payed royalties and Income Tax to the Government that the oil came from. (According to what the price was on the world market). Before the 1960's Opec had very little to say about the price of oil, and Opec was formed so they could take control of the price of oil and production. In 1960 the first commercial nuclear power plant started operation, The Yankee Rowe in the United States. This helped cause the over production of crude oil, and caused the cost per barrel of oil to greatly drop during the 1960s'. U.S. Oil Spills On December 30 1958 the African Queen oil spill in Ocean City, Maryland. It spilt 6,468,000 gallons (154,000 barrels).

John F Kennedy 1961-1963

Lyndon B Johnson 1963-1969

Richard Nixon 1969-1974 Yearly average Gasoline Price 1969 339¢ 1971 359¢ 1973 359¢ 1970 349¢ 1972 359¢   August 15, 1971 Nixon takes the United States off the Gold standard. In April of 1973 Nixon ends import regulation that President Eisenhower put in place to restrict the amount of Oil we could in import into the United States. By September 1973 Libya wanted $6.00 per barrel, more than double $2.50 per barrel payed to Persian Gulf oil. In 1973 there was a shortage of fuel while Richard Nixon was in office. This cause gasoline rationing in a lot of the States. It went off the last number of your license plate. If the last number on your license plate was odd you could get gas on odd dated days, and if your licensed number was even you could get gas on even dated days. The gas-line went around the block in many cases. In 1974 President Nixon establish a Federal Energy Administration to deal with the energy shortage. From when the oil shortage began in 1973 the price of crude oil went from $2.75 per barrel to $34.00 per barrel in 1981. March 1974 Saudi Arabia oil embargo. U.S Oil Spills On January 28 1969 the 1969 Santa Barbara oil spill in Santa Barbara, California. It spilled 3,080,000 gallons (73,333 barrels) to 4,312,000 gallons (102,667 barrels). On 17 January 1971 the Arizona Standard / Oregon Standard collision in the San Francisco Bay. The collision spilled 832,000 gallons (19,800 barrels).

Gerald Ford 1974-1977 Yearly average Gasoline Price 1974 1975 1976 389¢ 529¢ 569¢ On January 22, 1975 President Ford ended gasoline rationing. U.S. Oil Spills On January 31 1975 the Corinthos in Marcus Hook, Pennsylvania. It dumped in the Delaware River some 10,996,000 gallons (261,800 barrels). On June 23 1976 the NEPCO 140 oil spill in the Saint Lawrence River. The spill was 308,000 gallons (7,333 barrels). On December 15 1976 the Argo Merchant in Nantucket Island, Massachusetts. It spilt 7,700,000 gallons (183,333 barrels) to 8,624,000 gallons (205,333 barrels)

James Carter 1977-1981
Yearly average Gasoline Price 1977 1978 1979 1980 589¢ 619¢ 639¢ 869¢	April 1978 President Carter puts a Tariff of $4.62 per barrel on imported oil. Which was supposed to increase the price at the pump by 10¢ per gallon by May. This was to push the Oil Companies to look for Oil here in the United States. In August 1979 Gasoline hit a $1.00 per gallon at the pump for the first time in a few places in the U.S. Gas pumps at that time could not handle more than 99.9¢ per gallon, so the Gas station owners had to add the dollar per gallon to the price until they got new pumps installed.	U.S. Oil Spills On February 26 1977 the Hawaiian Patriot Off Honolulu, Hawaii. It spilled 29,260,000 gallons (697,000 barrels). On February 15 1978 the Trans-Alaska Pipeline sabotage by explosives the incident ended up putting 666,000 of gallons of oil on the ground (15,855 barrels). On November 1 1979 the Burmah Agate In Galveston Bay, Texas. It spilled 2,600,000 gallons (61,893 barres).
Ronald Reagan 1981-1989
Yearly average Gasoline Price 1981 $1.189 1985 1.129 1982 $1.309 1986 $1.119 1983 1.219 1987 859¢ 1984 $1.849 1988 909¢	By March 15, 1981 gasoline station induce self-serve to reduce prices at the pump. A lot of service station had both self-serve and full-serve which they would charge us more per gallon for the full-service. March 16 1983 the New York Mercantil Exchange (NYMEX) launched the first gasoline Future. March 30 1983 the New York Mercantil Exchange (NYMEX) launched the first Oil Future. President Reagan pushed to get Gasoline and Crude oil to be put on the Futures Market.	U.S. Oil Spills On March 19 1984 The SS Mobil Oil in Longview, Washington spilled from 169,000 gallons (4,033 barrels) to 200,000 gallons (4,767 barrels) into the Columbia River. On September 28 1985 the Grand Eagle in Marcus Hook, Pennsylvania. It spilt 431,000 gallons (10,266 barrels) of oil into the Delaware River. On January 2 1988 the Ashland oilspill in Floreffe, Pennsylvania. It spilt 30,800,000 gallons (733,000 barrels).

George H.W. Bush

1989-1993

Yearly average Gasoline Price 1989 1990 1991 1992 899¢ 999 $1.139 1.129

U.S. Oil Spills On March 24 1989 U.S. tanker Exxon Valdez struck a reef spilling some 10,500,000 gallons (250,000 barrels) into Prince William Sound. During 1989-1992 President Bush order U.S. Military and other Federal agency to take control of clean-up.After many became unhappy with Exxon's clean-up of the oil spill. On June 24 1989 the Presidente Rivera In Marcus Hook, Pennsylvania. It dumped 306,000 gallons (7282 barrels) into the Delaware River. On January 1 1990 the Arthur Kill pipeline spill in Sewaren, New Jersey. It spilt 567000 Gallons (14,000 barrels). On February 7 1990 the American Trader in Bolsa Chica State Beach, California. It spilt 302,000 gallons (7,179 barrels) to 302,000 gallons (7,194 barrels). On June 8 1990 the Mega Borg in the Gulf of Mexico, SE of Galveston, Texas. It spilt 5,082,000 gallons (121,000 barrels) to 5,082000 gallons (121,000 barrels).

William Clinton 1993-2001
Yearly Average Gasoline Price 1993 $1.069 1997 $1.249 1994 $1.079 1998 $1.069 1995 $1.159 1999 $1.079 1996 $1.239 2000 $1.519	U.S. Oil Spills On January 19 1996 the North Cape spill in Rhode Island. The spill was some 770,000 gallons (18,333 barrels). On September 27 1996 Julie N. spill in Portland, Maine. The spill was some 180,000 gallons (4,297 barrels). February 4 1999 – March 9 1999 MV New Carissa in Coos Bay, Oregon. It spilt 71,000 gallons (1,687 barrels)	Weekly average highest for 1993-1996 was $1.32 for the week ending May 13 1993  style="color: rgb(153, 0, 170); text-align: justify;"> Weekly average lowest for 1993-1996 was $0.992 for the week ending Jan 3 1994  Weekly average highest for 1997-2000 was $1.711 for the week ending Jul 7 1999  Weekly average lowest for 1997-2000 was $0.949 for the week ending Feb 22 1999

George W. Bush 2001-2009

Yearly Average Gasoline Price 2001 $1.469 2005 $2.309 2002 $1.379 2006 $2.619 2003 $1.599 2007 $2.849 2004 $1.889 2008 $3.30 U.S. Oil Spills On October 4 2001 The Trans- Alaska Pipeline gunshot spill, In Alaska. The gunshot caused 287,000 gallons (6,835 barrels) of oil to leak out. On April 27 2003 The Bouchard No. 120, in Buzzards Bay, Bourne, Massachusetts. It spilt 98,500 gallons (2,347 barrels). On August 30 2005 there were 10 oil spills cause by Hurricane Katrina- Bass Enterprises, Cox Bay, Louisiana- Shell, Pilottown, Louisiana- Chevron, Empire, Louisiana- Murphy Oil USA refinery spill, Chalmette, Louisiana- Murphy Oil USA refinery spill, Meraux, Louisiana- Bass Enterprises, Pointe à la Hache, Louisiana- Chevron, Port Fourchon, Louisiana- Venice Energy Services Company, Venice, Louisiana- Shell Pipeline Oil, Nairn, Louisiana- Sundown Energy, West Potash, Louisiana. All together their were some 7,100,000+ gallons ( 169,000+ barrels) of oil spilt. On June 19 2006 the Citgo refinery oil spill, Lake Charles, Louisiana. It spilt some 2,000,000+ gallons (47,500+ barrels). On November 7 2007 the COSCO Busan oil spill in San Francisco, California. Spilling some 58,000 gallons (1,400 barrels). On July 28 2008 the 2008 New Orleans oil spill in New Orleans, Louisiana. Spilling some 2,700,000+ gallons (65,000 barrels). Weekly average highest for 2001-2004 was $2.104 for the week ending May 24 2001 Weekly average lowest for 2001-2004 was $1.101 for the week ending Dec 17 2001 Weekly average highest for 2005-2008 was $4.165 for the week ending Jul 7 2008 Weekly average lowest for 2005-2008 was $1.670 for the week ending Dec 29 2008

Barack Obama 2009-2017
Yearly Average Gasoline Price 2009 $2.399 2013 $9 2010 $2.829 2014 $9 2011 $3.579 2015 $9 2012 $3.689 2016 $ 9	U.S. Oil Spills On January 23 2010 the 2010 Port Arthur oil spill in Port Arthur, Texas. It spilt 4,600,000 gallons (11,000 barrels). On April 20 2010 - July 15 2010 the Deepwater Horizon oil spill in the Gulf of Mexico. It spilt between 152½ Million gallons (3,600,000 barrels) to 193 Million gallons (4,600,000 barrels) On May 25 2010 the Trans-Alaska Pipeline spill in Anchorage, Alaska. Spilling between 123,000 gallons (2,900 barrels) to some 370,000 gallons (8,800 barrels). On June 11 2010 – June 12 2010 the Red Butte Creek oil spill in Salt Lake City, Utah. Spilling between 20,000 gallons (477 barrels) to 33,000 gallons (788 barrels). July 26 2010 the Kalamazoo River oil spill in Kalamazoo River, Calhoun County, Michigan spilling between 862,000 gallons (20,500 barrels) to 1,000,000+ gallons (23,800 barrels)
Adding to the problem in the Gulf of Mexico from Deepwater Horizon a second oil spill the Barataria Bay oil spill on July 27 2010 – August 1 2010 spilling more oil into the Gulf 7,000 gallons (169 barrels) to 14,000 gallons (330 barrels) more. On July 1 2011 the 2011 Yellowstone River oil spill in Billings, Montana. Yellowstone River. It spilt from 32,000 gallons (770 barrels) to 43,000 gallons (1027 barrels). On October 29 2012 the Arthur Kill storage tank spill in Sewaren, New Jersey caused by Hurricane Sandy. It spilt 336,000 gallons (7993 barrels) to 348,000 gallons (8,287 barrels). On March 9 2013 the Magnolia refinery spill in Magnolia, Arkansas. It spilt 209,000+ gallons (4,987 barrels) to 234,000 gallons (5,573 barrels). On March 30 2013 the 2013 Mayflower oil spill in Mayflower, Arkansas. It spilt 209,000+ gallons (4,987 barrels) to 293,000 gallons (6,969 barrels). On May 18 2013 the Cushing storage terminal spill in Cushing, Oklahoma. It spilt 105,000 gallons (2,493 barrels). Weekly average highest for 2009-2012 was $4.018 on the week ending May 9 2011 Weekly average lowest for 2009-2012 was $1.737 on the week ending Jan 5 2009

How many is to many? → Oil Spills?
&
How much is to much? → Gas Price?

Gallons and barrels have been rounded off, and are only estimates.
Gasoline price are figured off the weekly average of all Grades from 1993 on, and are rounded to the nearest .9 of a cent.

^{To be Continued}

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What do we get out of crude oil?

1. Solids:

   1. Fuel (coke and briquettes)
   2. Lubricants (greases and graphite)
   3. Industrial products (asphalt, carbon, waxes, and rust preventatives)

2. Gases:

   1. Fuel (natural gas)
   2. Organic chemicals (fertilizers)

3. Liquids:

4. 1. Fuels (liquid petroleum gas (LPG), Jet fuel, gasoline, diesel fuel, kerosene, and grease)
   2. Lubricants (motor oil, industrial oils, and grease)
   3. Industrial Products (insecticides, munitions, absorption oil, organic chemicals, polishes, wood preservatives, coolants, power transmission oils, quenching oils, plasticizers, cleaners, solvents, medicinal oils, rust preventatives and insulating oil)

 

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1909-1913   1913-1921   1921-1923   1923-1929   1929-1933   1933-1945   1945-1953   1953-1961   1961-1963   1963-1969   1969-1974   1974-1977   1977-1981   1981-1989   1989-1993   1993-2001   2001-2009   2009-}

 

Books that I have read and took notes from:

The American Petroleum Industry; Vol 1 & Vol 2,
Publish by Northwestern University Press.
Bible
The Tyranny of oil
Black Gold
The Age of Oil
Encyclopedias
News paper and the Internet.