One industry has been a source of rich creative source of inspiration and the potential mining of rich resources for many global economies for the past one hundred years. The oil industry continues to amaze its caretakers to new heights of invention and innovation.
The Endless Production Line
For over a century, since the petroleum geysers at Spindletop, America has been able to produce billions of barrels of oil to serve its needs. Now depending more and more in importing from other countries an oil patch still produces billions of oils daily somewhere in the world. Whether in Saudi Arabia, America, China or Mexico, the richest deposits of petroleum are still being discovered daily in new ways. With hits, many processes the oil industry provides jobs and careers for tens of thousands of people globally.
The Expansive Resource
From seismographic discovery to drilling, transporting, piping, extracting, and refining, the oil industry is the reason my millions of people go to work daily and why nations as large as America, Saudi Arabia, and China provide the thousands and thousands of its workforce into the market daily. The substance that is still coined “black gold” still keeps peoples hope alive that new reserves will be explored, found and drilled, so that future generations will experience unique qualities.
The energy that Drives Economies
These qualities provide for chemicals, pharmaceuticals, synthetics, plastics, and pesticides. The Oil industry is strong and resilient and still giving signs that it can still provide a source for many of our needs, but at the same time it gives signs that the oil industry as we once knew it is willing to share the spotlight with another potentially rich natural resource in order to provide the great needs of people around the world.
Opening the Doors to Others
While the petroleum industry has provided and continues to provide rich sources fo natural energy for over a century, analysts and investors are beginning to look to another possible source for their need for equally good investments from the earth’s surface. While a great source of petroleum and oil has come from crude oil new techniques and methods derived from innovators has allowed the plentiful and abundant reserves of shale across America to become a renewed source of energy by the use of fracking.
Shale oil has become an abundant addition to the petroleum industry. In the newest additions of finding natural resources, inventors have turned to biofuel and even to find ways to turn common elements of water into natural resources to fuel our cars and boats. Today the same rich investments that drove the petroleum industry has found that the rise of the electric car has become another source of untapped energy which can be used to bring new developments and enthusiasm to Wall Street and the investors that walk its street daily. One thing is certain and that is whatever challenges have been addressed in seeking the natural resources to fuel the economies of the world, the petroleum industry stands high as the predominant source of natural reserves of power and potential for many nations for many more years to come.