How The United States Got Hooked On Foreign Oil
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- Опубліковано 13 чер 2019
- The United States is predicted to become a net energy exporter by 2020. This will be the first time since 1953 that the country exports more fossil fuels than it imports. For almost a century prior, the United States of America was the largest oil producer in the world. So how did the United States get hooked on foreign oil.
Every American president since Richard Nixon has pledged energy independence as a way to strengthen us geopolitically, make us more secure, or boost our economy.
The story of American oil begins in 1859 in Titusville, Pennsylvania. Small amounts of oil had seeped from the ground for a long time, but no one knew how to extract it. Until, Edwin Laurentin Drake, a former conductor, was hired. After many failed attempts, he finally struck gold -- black gold.
The next FEW decades, major oil finds in Texas, California and Oklahoma contributed to U.S. emergence as a major economic power. The 1901 Spindletop gusher in Texas nearly tripled U.S. oil production.
Henry Ford’s Model T invention in 1908 - the first mass-produced car - made America the most motorized country in the world. Other industrialized countries like France, Britain and Germany were ways behind.
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How The United States Got Hooked On Foreign Oil (Part 1)
And then America invaded itself
Lmao
Civil War
we need to deport ppl like you out of the country
@@pitech4446 turd
This is maga country now!
Am I the only one who misses when the history channel would show this type of content? Instead of focusing on alien conspiracy theories
i miss those days
Yeah
Low energy
1966bluemax pls clap
we need the television reform so we get what we want
like the learning channel should actually teach us things other that humans are horrible
CNBC is nailing it by these mini documentaries recently
And, they are posting them regularly. That's amazing.
I totally agree the Truth. This one was very well done gathering historical videos particularly the Roosevelt meeting the Saudi king.
👍🏽
I am kind of addicted to them.
@@SuperSeigerman me too
US:"i m a simple man! I see Oil i click invade.... I mean like!!!
Underrated.
this comment deserves 1000+ likes
lol
ua-cam.com/video/-1yzoiUIGGs/v-deo.html
😂😂😂😂😂
I guess this time America needs some freedom
Bruh lol
LMAO 😂
Whos gonna give it tho hahahaha
@@nj-kh5vw China maybe ?
@@jamesekeke1182 They can once they get their economy together
America bring freedom to this world
World: What does it cost?
America: *Oil*
4:10 so everyone gonna just ignore that this dude probably got hit by a plane?......OK
That was nuts!!!
Dominic Jose he ducked down and missed.
Why tf were THEY on an active runway?
@Greg Carlson I just saw it now. He wasn’t talking about the person caught on film ducking down. He was talking about the cameraman himself!
Art Man oh okay. Lol I didn’t catch that.
I am in love with CNBC's new content strategy here on UA-cam. Very informative and educational videos, I'm learning a lot.
It's false. The US became a net energy exporter a few years ago.
@@zachadolphe3633 Uh huh. Even if that was the case, GREAT job. The way u extract oil currently is raping your country.
@@aim4daface Please tell me what country I live in, I bet you don't know.
@Yajaira Chiara Indeed
It’s Vox inspired
19% of oil is imported as of 2017. It is likely less now.
And Tesla
@@ireneuszpyc6684 hes not. thats why
@Pavor That is not correct. At all. 5 seconds of google search and multiple articles debunking this.
www.eia.gov/todayinenergy/detail.php?id=37416
@@ireneuszpyc6684 I sure hope not, that would put me in a spot between Russiagate loons and one more president who turns into a hawk once in office. So far he hasn't expanded our permanent warfront. If he keeps that up, I'll put up with a lot of his other stuff.
@@ireneuszpyc6684 Yeah I see people make that claim that the US stages things around the world to start wars, all based on declassified actions half a century ago when the ENTIRE GOVERNMENT was filled with ENTIRELY DIFFERENT PEOPLE. Governments are simply a structured hierarchy system for legal and financial administration of populations. They are not self aware or capable of action as to be blamed for anything in reference in ways like 'The government'. People that temporary worked in positions of government are the individuals who decide and do what happens.
The US has a much stronger system of law then those countries where individuals have much more ability to act and not be imprisoned in North Korea and Iran then they do in the US were it to ever be made public that deceptive and war crime like actions were being committed, things that you can't hide unless you think the heads of government in the US are personally flying out to these places and attacking oil tanker themselves so that those orders would be going through 100 people in the chain of command and for all of them to NEVER say anything about it. The US doesn't stage that crap and those countries, well Iran anyway has a militaristic fanatic Islamist government that despises western civilizations fundamental values as in how we live as society.
California (largest state pop.) Got 0.69% of electricity from solar in 2012. Today in 2019 it's at 19.02% solar.
You understand that over 90% of oil use is for transportation not electricity production.
@@abdullahsagga7195 you understand I'm referring to the videos talk about growth of natural gas.
abdullah sagga that’s ok. There’s Tesla
j r you understand that you need a source and can’t just blurt our random “facts”. You must be from California 😂
Gj california greetings from germany
Did anyone notice how Nixon mistakenly said "foreign enemy"
I was looking if anybody else noticed
It was what was in his mind because after that the US started spreading "democracy" in oil-rich countries.
Foreign enemy = Oil producing Arab countries and Venezuela.
it's called a Freudian slip
@@libanwarsame5428 Russia produces the most behind US now
"If you have a milkshake, and I have a milkshake, and I have a straw"
I DRINK YOUR MILKSHAKE
@@ishmaelm1932 😆😆😆
Would you like a drink?
America: yes please gimme some oil its so hot in here
😭😭😭😭😭😭
What America have OIL!!! Its look like they need some democracy.......lolsss
If the Americans don´t *behave* we might have to bring them some real democracy...
@iVulkan_ you have the same pfp as someone I know from discord his name is “faded away”
Lmao , Latinos are bringing democracy to the US 😅😂
"Thats when oil was cheap, like a dollar or two a barrel"
2020 be like, "Yuh oil is now -$100"
It was never 1 to 2 dollars
@@zacksnyder4082 "On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S. dollars per barrel."
While hydraulic fracturing unlocks great fossil fuel yields, it is important to remember that such processes are shown to directly decrease ground stability, thereby increasing possibilities of earthquakes and related side effects in a very wide area around the site.
oil mainthing nothing else matters
So upsetting seeing that coal has 14% of US energy, while renewable is at 11%
I know, in the uk we’ve moved away from coal making up 0-2% of energy and renewable is around 20-30%
coal was ~50% 20 years ago though
Al Quinn progress is being made, we need more nuclear though instead of gas
only so much renewable energy that can be made both cheaply enough and reliably to be worth the effort, not just in the money sense but also in the sense of the rare earth minerals needing to be mined for renewable energy.
It's upsetting seeing nuclear at 9% when it should be at 90%
Can't wait for part two
Elon Musk: Hold my Tesla shirt
I havent seen tesla shirts. do they exist?
*flamethrower
I love how they just ignore the fact that the problem in using shale oil is the ground is spoiled. Nothing grows the minerals are all gone. Shale oil is valuable but it is also the worst thing possible for a country. It is not reversable.
I'm glad Europe did not allow Shale Oil. It does destroy the land where it is fractured.
They will be short of land, in some decades.
Fracking doesn't destroy the land. Injection wells have been linked to earthquakes and failure to comply with BMP's has resulted in water contamination. Out of thousands of wells maybe a dozen have polutted localized sources. Shale oil is required for wind and solar to develop.
where do people get these rubbish ideas from?
Did anyone notice at 4:09 the cameraman was killed?
That pfp
If we had solar panels on every roof and more wind turbines, we'd have plenty more 'energy' to export and cleaner air.
Solar panels and, in particular, turbines are not clean to make. Multiply that by every household and thats one massive carbon footprint. Also, you would need batteries to make use of a lot of captured energy. Lithium reserves are not infinite and, again, are not clean to dig out the ground. It is progress however and technology is improving. I still want the US to re-endorse nuclear energy. Its the cleanest energy source known to man and the waste product is conveniently localized. Thorium reactors are needed.
@@Paul-zk2tn "Lithium reserves are not infinite and, again, are not clean to dig out the ground."
Seems you're not very knowledgeable on the subject. It's plentiful, and you don't dig it out of the ground. Nice of you to volunteer to store the nuclear waste in your yard, though. You should also read up on recycling. Most of the battery is recyclable, and used turbine blades + cement is amazing.
Politicians aint ready for that talk yet, unfortunately
Wind and solar are roads to energy poverty.
@@AZOffRoadster no buddy, you're the one wrong here. There won't be 3nough after you're done and the carbon footprint is too large to really make sense as wind turbines and panels usually break or just stop working after about 20-40 years. The greatest source of energy when complete will be Fusion and there is no waste product but the second best that is available is Nuclear Fission Reactors. Sure they're not waste clean after producing the energy but as he said, Thorium reactors can significantly make a difference. We just need better Nuclear waste management.
CNBC Staff, This video is a great overview. Many thanks for uploading it.
Great video! Looking forward to part 2
4:06 Are you sure about Soviet Union though? At the time Baku, Azerbaijan was providing 70% of USSR's oil demand
@DFW rider Soviet Union saying America basically made the AIDS virus in laboratories? they would never...
@DFW rider well, there is indeed was huge aid in the form of lend-lease. But as far as Im concerned they had their own oil. For the record when I say "their own" I mean from the country that was part of Soviet Union (not Russia). At the time of WWII big oil reserves in Russia itself were not discovered yet. All the oil came from Azerbaijan which was invaded by Communist Russia in 1920.
The economic hardship, recession, unemployment and the loss of job caused by covid pandemic is enough to push people into financial ventures.
Summer is here again with lots of activities to be enjoyed . Well , I'm taking a voyage into investing because I lost so much during this pandemic . Multi creation of wealth is the best strategy to ensure financial sustainability.
Nice content mate! So happy to announce that I have gained financial freedom by investing in digital currency . Now I know that multi creation of various streams of income is the ideal Principle for financial sustainability.
I have secured financial freedom by investing in bonds , equities , EFT's and some digital currencies.
I'm diversifying myself and recently I added Crypto to my portfolio because of the recent dip in price .I'd say "think like a bear and invest like a bull".
@@kellykingston8712 I wanted to invest more in Crypto but the fluctuations in Crypto value discouraged me into dumping.
I got hooked by CNBCs UA-cam channel. Thanks for providing these great documentaries!
Quite a mediocre documentaries.
If I had a country that had its own oil reserves, I would hide it. I would make deals with every other country that has oil and use theirs for cheap. Then when the whole world runs out, I could sell my oil for huge profits since I’m the only country that has oil.
oil cant always be cheap, nor will the world ever run out of oil, it will only be more expensive to extract and thus costlier
Oil and gas have a limited time. As prices rise the time is cut shorter and shorter. Get it out of the groubd today, sell it, invest in the future.
Just stick to the Iron throne mate, your not cut out for our reality
Would do the exact same.
Every country knows that actually...thats basic in economy.duhh
By brining democracy to other countries full of it (oil).
R.I.P.
Our man Muhammed Ghadaffi :'(
@@PenguinTac0s Too bad obummer and killery killed Ghadaffi? I mean the guy hadn't been a bit of trouble for the 25 years previous since Reagan sent him the message. Ghadaffi was against the NWO, was going to put his nation back on the gold standard, that's why obummer and killery killed him.
@@robertkubrick3738 it must be hard knowing your wife is your mom.
Only reason someone could believe this nonsense
@@aim4daface Actually I would think that you would have it tougher knowing that neither of your parents was a front hole!
@@aim4daface In spite of the childish name calling, he is correct. Ghadaffi's big crime was ditching the US petro dollar. We bomb any country that dares to do so. Ya see, our bombs contain concentrated democracy.
oil crisis is the gateway for Japanese brand car(Toyota)
LeLouch Morningstar22
*brands
Those videos are great. Keep it up!
The go old Wildcatting days. Few made fortunes most went bust.
Is hard to explain how big of a deal this is. Many of our foreign policies are currently based on our energy needs. This changes everything.
USA uses 20 million barrel of crude oil per day. It still needs to import around 8 to 10 million barrel a day.
nope
www.eia.gov/todayinenergy/detail.php?id=38152
One aircraft carrier uses a million gallons a day.🤮
You have to look for a way an invest in Bitcoin investment?
It’s amazing to me that oil increases is cost about the same amount in today’s dollars during the oil embargo and in the price shock of 2010. In 2010, we had no shortage, just crazy high prices with an indebted population who could t afford it leading to a massive glut. I still don’t understand what exactly happened to oil in 2010.
Great video and information. Congrats.
basic economics to know that you use another country's resources first and then when they run out you will have your resources to sell to them later
No economics about it! Just us humans being humans. Destroy someone else then have them pay you for destroying them.
We are an oil exporter now.
@@mmohon93 The oil will not disappear. It will be replaced by electric vehicles.
@Blurp Bibablobop Oil is a renewable resource. It is formed in the molten core of the Earth. It rises through the cracks and crevices as a vapor. It cools off and become crude oil. It is NOT a fossil fuel.
@@tedbishop Just wow.
@@AZOffRoadster Because it is black and burns,some thought it was akin to coal. It is not even close. My entire family was raised and worked in the oil field. We knew that if a well is pumped dry, shut it down for a year and it will make as much oil as it did originally. Renewable.
@KHALID WARSAME I am 79. I was born and raised in the oil field. All my relatives worked their entire life there. When a well is pumped dry, we let it set idle for 8 to 10 years then start it back up. It will then make as much oil per day as when it was first drilled.
Eh look there is oil
Us army: did someone just say oIl!?!!?
*Breaks through wall*
8:20 Nixon: Without depending on any foreign enemy...eh eh...foreign energy 😂
I was about to comment that. Lol
Glad I'm not the only one who caught it lol
Freudian slip
“Mother nature has enough resources for everyone's need but not for anybody's greed” - Mahatma Gandhi.
As a millenial one of my main reasons to postpone first car purchase is to reduce oil producing nations ' political power. Electric vehicles energy needs can be produced easily domestically
Ugh millennials
Electric vehicles are built with use of fossil fuels, also money poured into electric vehicles is hidden by political motivation. Nothing righteous about electric vehicles.
@@mortemssoul6342 respond to his argument
Excellent context.
I think my oily face need some good old US freedom and democracy
Wow CNBC is now the platinum standard for youtube documentaries. can't wait for part 2✌️!!
platinum standard.....hardly!
They are good at making documentaries, but it fell apart at the end a little, hardly platinum!
@PianaGlass hopefully they will address it in part 2. i remember they revealed the shenanigans conducted by the US government in the banana republic. it was a breath of fresh air.
"Out of gas, Rent a bike" Imao
President N
Without Depending On Foreign Enemy Eh Eh Foreign Energy 😂😂😂 8:21
America considers everyone not American as an enemy. Even their most trusted allies such as the UK.
Surprisingly good video.
WOW. The Roosevelt's were such an influential family. It was Franklin Roosevelt that established the historical relationship with the first King of Saudi Arabia as shown in the video. He went on to establish a partnership that is such a vital component of American life and industry even today.
Oil = Energy. Energy = Power. Power = America
Oil = Energy. Energy = Power. Power = Brawndo. Brawndo = What plants crave.
Diversification of energy supplies is a great strategy. Individual home production will give you some security in an emergency. Consolidation creates catastrophes when disruption occurs. Protect yourself, the government will be to busy protecting itself.
@@PulsYT Being prepared for shortages and emergencies is a good tactic for everyone. Maybe we never have a horrible time of political instability, but there will still be weather emergencies. You can be a leftist like myself and still store food, water, and ways to keep warm.
1952: We gonna run out of oil by 1970
2020: Negative oil price
The US was never running out of crude oil. It’s always had it. It was just smart about how it used it and manipulate the market.
Mudbone gaming Yep. The ironic part is that we allowed the rest of the world to deplete their resources and sell it for $50 a barrel so that when there reserves are gone in 20 years we’ll have all of our wells tapped and sell that oil to the third world for $200 a barrel. The entire time it was just a big scheme to get all of the OPEC nations to sell off all their oil for pennies. It’s funny too because we’ve had proxy wars in the Middle East so that they are forced to buy our US made weapons to fight wars that we instigated. They’re basically selling us oil just so they can buy weapons and fight each other. Until all of their oil is gone and all they have are a bunch of weapons to murder their neighboring countries with. By that time we’ll close the bases and leave and let them at each other.
Like USA always say,
Freedom of Oil
Seriously though,
It's all started with Agreement between Saudi Arabia and USA
The New Age of PetroDollar
Kilgore! Woo-Hoo... i used to live there and still own a house there!
Can you please also make a video about the safety and environmental concerns of fracking? Thanks.
Edit: I just saw that you guys did made a video about fracking. Thanks
The Interstate Highway system led to suburbs which led to relying on automobiles instead of urbanites using mass transit and getting around for a fraction of the oil.
2:56 ok that's a guy smoking in an oil well
Don’t worry raw uncleaned oil is not flammable i mean it is but not that extreme
11.04 Suddenly the US instead of being short of gas was starting to have a lot of gas 😂😂
Anyone know if part2 has been uploaded been looking but no luck
Fantastic
8:19 Without depending on foreign "enemies" LOL
because saudi arabia cut the oil from the west since they supported Israel against Egypt
U.S has no friends .. only with benefits and common interest
"Confessions of an Economic Hit Men"
The United States has a lot of Oil, should be run by the Government not for
corporations.
The US extracts and sells MORE barrels of oil per year than barrels of oil we import per year. Why are we not energy independent?
We are exporting crude oil instead of refining all of US oil into gas for two reasons I believe. First, because the US refineries are built to refine the type of oil we import (sweet and sour) which is different than the type of oil we extract (sweet) from the US and export.
Please correct me if I am wrong, but isn’t want oil companies are doing the same as if I owned a farm and market that could sustain my neighborhood, but I sell what I produce to another town and I purchase cheaper produce to sell at my market. My neighbors are still fed and I have a bigger profit margin.
Why is exporting more oil than we import something to be proud of?
Now oil is the important commodity in the world but in future it's going to be renewable energy sources.
Nuclear and renewables
As an electrical engineer we will not make it on renewables better get used to nuclear
Everyone here is wrong about this topic unfortunately, the most important commodity yet isn't alarmed is water.
@@dylanramirez8009 as an electrical engineer who was a previous biochemist yes plastics in water is terrible and of great concern for the planet. Fortunately with LOTS of electricity it is possible to make freshwater, so as a citizen in the US im not too worried about that right now
Yeah, but not anytime soon
"for almost a century, America was the largest oil producer in the world." can someone tell me when was that? I am a geologist and I have never heard such thing.
They explained it in the video. During the first and second world wars the United States supplied the allies not only energy but equipment, tanks, planes, ships.
You know its all historical fact. You can read a history book. Not all oil comes from the middle east.
Guys! He’s a geologist!
People don't watch the while video anymore
I believe they are referring to the period between 1859, when Edwin Drake first struck oil in Pennsylvania, and the 1950s, when America’s economy boomed so much that we started to rely on foreign oil to meet our energy consumption. During that roughly 100 year period, America was the worlds largest producer of oil. Hope this helps
I’m hooked with these fact filled edutainment
U.S.A, China, India, Russia consume the most fossil fuel. Now correlate energy consumption to population by countries & there’s PART of the answer. More people = More domestic/international energy demand.
"...addiction..." Use your common sense. If you want to produce more, you'll need to have more energy.
This is where the memes come in
Thank you CNBC
Nice soundtrack
Elon Musk will shut down the taps to foreign oil
States are a monopolistic country and smart they use foreign oil ...when they deplete they unleash their reserves and dominate the market
Sounds like a video game. Are you sure u don't live in one?
Watch video ,don't comment by just watching the title
Dude I already watched it plus am an economist at GS I know what am taking about
When am telling you there is a crush in the next 2-3 years fueled by Australia trust me dude
saudi oil reserves will not run out for atleast 30 years with the current production, venezuela for more than a century!
Amazing
Great!
This video just gave me more questions. I feel that there's more to this.
The solution: Be fully dependent on renewable energy.
All hail emperor Musk
And cars
Shufdog yeah but to make those cars it uses more fossil fuels to make it
Also infrastructure,particularly the U.S national grid infrastructure plays a vital role in America's energy independence. If the plants producing the energu as well as the very entities receiving the energy are malfunctioning and out of date,that can effect the entire U.S national grid as well as its energy independence.
One big problem is that almost all transportation revolves around needing a car, it's unsustainable in the long run cause oil won't last forever.
No mention on the damage fracking can cause, great stuff
what damage?
@wilson suarez: The video wasn't about the pros and cons of different energy sources.
you failed to explain and misrepresented the disastrous outcomes fracking has done to communities around the country from polluting their water supply at the end of the video
All in the name of energy independence!
But a lot of it is politicized foreign propaganda from OPEC cartel and Russia who obviously want to protect their own oil profits..
Ameya S plenty of videos online with toxic water coming out of faucets of homes in areas surrounding fracking sites
fracking--as it is currently practiced--does not pollute water
@@jimikoutoumbas - Like the video of someone lighting their tap water on fire? No, that was propaganda. But congrats, you have fallen victim to foreign misinformation campaigns, dont you feel special?
Sounds like the narrator of this video has a bad cold
Is there a second video or something?
At 11:30, the natural gas price is off by a factor of a million. Should be dollar per million BTU (MMBTU).
Narrator: Well...not quite yet. OMG, you mean Drumpf said something that wasn't true?!
Only when his lips are moving.
2:56 is he really smoking a cigarette in an oil field ?
Thick crude oil isn't as flammable as gasoline
that guy no it’s just a candy cane
They were simpler times
@@AgentSmith911 Never mind the gasses that come out with it.
Your cooking oil is more flammable.
Part 2 when will you upload.
0:37. lol, look at the facial expressions of Pelosi and Pence. My day was made.
Come on, tell me something I dont know
Expedited global warming
USA say they are something soldier of democracy yet they never ever reached poor country with no resource for democracy but their jets are everywhere in country with good resources and with aim to give them democracy.
😂🤣Fracking liberated us! 🇺🇸
Why my next car will be a Tesla. No more gasoline
They burn gasoline to produce that energy tho
In 25 years will be talking about the US need for rare earth metals dominated by China and are dependency on them for new technology.
NPAMike We have rare earth minerals in the USA. The thing is that it’s cheaper and easier to buy it from a Country that doesn’t care about its miners health and he environmental impacts.
So the first oil rig was safe to work on right?..
Cars, cars, next trucks suv trucks. The car makers loved it when making v6 v8 engines.
But world is moving away from oil and switching to renewable resources. US should also reduce it's dependency on oil but they won't
They can't. U know that thing called. The dollar
@@havanascp9602 lol
Despite a growing economy and populatiin the rate of oil demand growth is slowing and will start slowing in probably 5 years. We are doing more with less. Natural gas is gaining ground. Natural gas liquids are vital for wind and solar, mainly ethane. Natural gas will excellerate renewables.
The US should build a shade in front of the sun so communist countries can't steal free energy.
@@cmdr1911 natural gas is equally as destructive to the environment
Im sorry but during WW2 the USSR did not use USA oil at all it was the second biggest producer the oil in the world behin the USA
Random Country: *Finds oil in random location*
America: *_"The US would want to find your location or be invaded"_*
when you put your hands in the honey jar, the bees will follow forever....