August 27, 2009 is the 150th birthday of the oil industry.
A century and a half ago , Edwin Drake successfully drilled the first commercial oil well. 150 years later, oil remains the lifeblood of our civilization. It fuels our ultra-mobile, globalized world. It provides the building-blocks for millions of life-enhancing petroleum products.
Yet “Big Oil” receives no appreciation. It is demonized; oil is called an “addiction” and a “pollutant” to get rid of.
The website IN DEFENSE OF OIL gives you the tools you need to appreciate the incredible, neglected value of oil, and to think clearly about oil’s role in foreign policy and environmental issues.
Let’s Celebrate Oil
Alex Epstein | Investor’s Business Daily | August 27, 2009
In previous generations, the birth of the oil industry was celebrated, and deservedly so. Oil has sustained and enhanced billions of lives for more than 150 years by providing superior, affordable, ultraconvenient energy — and is as vital today as ever.
Peak Oil Is a Waste of Energy
Like many Malthusian beliefs, peak oil theory has been promoted by a motivated group of scientists and laymen who base their conclusions on poor analyses of data and misinterpretations of technical material.
Barack Obama: “Under…a cap and trade system, electricity rates would necessarily skyrocket.”
The Triumph and Tragedy of the Oil Industry
Alex Epstein | October 1, 2009
“The Triumph and Tragedy of the Oil Industry” tells the story of how scientists, inventors, engineers and, above all, businessmen transformed black glop into black gold—into the fuel that would power man’s transportation by car, boat, truck, airplane, space shuttle.