Friday, December 27, 2019

We have the resources in North America to become...

We have the resources in North America to become self-sufficient on our oil instead of Middle Eastern oil. Oil was first discovered in America in 1859 in Titusville, Pennsylvania. (Klare). 155 years later we still are getting oil from countries halfway around the world. Without discovering oil in the US, it would not have given rise to large multinational companies like John D Rockefeller Standard Oil, the big three auto factories, DuPont, airlines/freight industry, and other chemical companies. These companies employed most workers of the last century (Klare). Why can’t we do this now? If we drill here at home, it will trigger a domino effect to every job. For example, a well driller needs a truck to get to work causing him to buy gas;†¦show more content†¦The US wet natural gas reserves are at 322.7 trillion cubic feet (OGJ). US natural gas production is 25.308 billion cubic feet last year, but our consumption was 25.533 billion feet last year (North America). We di d have to import the extra natural gas from Canada, even though there are proved natural gas reserves at 320+ trillion cubic feet sitting right below the land we call home. Moreover, US drilling climbed from a 2 year high by another 10 rigs to 1706 working compared with 1161 the previous year. Land drilling total was 1683 rigs and offshore was 23. 948 were drilling for natural gas and oil rigs increased to 763. Seasonal conditions for rig movement improved caused an increase in rigs to start drilling (OGJ). These rigs work around the clock using three shifts and costing the oil companies $45,000 a day to run. Doing the math it cost $76.77 million to run all the rigs per day. The military spent about 1 trillion dollars in Middle Eastern operations over the years for oil. Private companies are spending an extraordinary amount of money to bring the fuel to the surface. Unfortunately, their efforts are not enough to meet demand. 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