But more luck was needed to ensure the market for this new engine. In the early days of the automobile era it was by no means certain that gas-powered cars would come to dominate the market. Working models of electric vehicles had been around since the 1830s, and the first electric car was built in 1884. By 1897 there was a fleet of all-electric taxis shuttling passengers around London. The world land speed record was set by an electric car in 1898. By the dawn of the 20th century, electric cars accounted for 28% of the automobiles in the United States. The electrics had advantages over the internal combustion engine: they required no gear shifting or hand cranking, and had none of the vibration, smell, or noise associated with gasoline-powered cars.
Oil. The 19th century was transformed by it. The 20th century was shaped by it. And the 21st century is moving beyond it. But who gave birth to the oil industry? What have they done with the immense wealth and power that it has granted them? And what are they planning to do with that power in a post-carbon world? This is the remarkable true story of the oiligarchs and the world they have created.
The story of the Oil Shock of 1973 as it has been delivered to us by the history books is well known.
In the 19th century, America had a drinking problem. By 1830, the average American over 15 years old drank seven gallons of pure alcohol per year, three times higher than today’s average. This led to the first anti-alcohol movements in the 1830s and 1840s and the formation of the Prohibition Party in 1869 and the Women’s Christian Temperance Union in the 1870s. The movement enjoyed widespread and growing support but had few political successes; Maine flirted with prohibition by outlawing the sale and manufacture of liquor in 1851, but the ban only lasted five years.
Paul Martin is a senior chemical technology expert based in Toronto. He has brought numerous novel chemical processes to life for global clientele in his 30-year career, including processes which convert methane into other chemical products, hydrogen production technologies, and battery chemical processing. He has an M.A.Sc. from the University of Waterloo and is an Ontario licensed professional engineer.
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One offshoot is called CCUS with U standing for utilization. This has been used for decades by oil and gas companies to recover residual oil in depleted reservoirs. The CO2 is injected into the reservoir where it softens up the oil so it flows more easily. Typically, 40% of the CO2 is trapped in the rock layers while the rest is dissolved in the oil and can be recycled when the oil is produced. CCS/CCUS is the most realistic method to get rid of GHG at the scale needed by the Paris Agreement.
These features are paramount during the ongoing downturn, particularly given the uncertainty regarding the duration of the effect of the pandemic on the energy market.
The Rockefeller Foundation’s initial contribution to the Eugenics Record Office, a mere $21,650, was a small sum, but it came with clear benefits: not only the institutional infrastructure and the personnel of the Foundation and the prestige of the Rockefeller name itself, but the promise of increased support as the work advanced. And as always, the Rockefellers were true to their word.
This changed with the formation of the Anti-Saloon League in Standard Oil’s birth state of Ohio in 1893. The ASL was started by John D. Rockefeller’s long-time personal friend Howard Hyde Russell and was bankrolled in part by generous annual donations from Rockefeller himself. The ASL, with Rockefeller’s backing, quickly became the driving force behind a national movement to outlaw the production and sale of alcohol.
As he would throughout his life, Maurice Strong capitalized on these connections and opportunities to full effect. After being chosen to organize the UN environmental conference in Stockholm, he was appointed a Trustee of the Rockefeller Foundation, which then funded his office for the Stockholm summit and supplied Carnegie Fellow Barbara Ward and Rockefeller ecologist Rene Dubos for his team. Strong commissioned them to write “Only One Earth,” a foundational text in the sustainable development arena that is heavily touted by globalists as a key document for promoting the global management of resources.
Allen said in a statement that "a comparatively small number of producing wells are subject to this lawful reduction, which, in this time of the Covid pandemic, will assist in preserving jobs, supporting families, communities and critical infrastructure, i.e. schools."
In response, industry representative Steve Russell, until recently the vice president of plastics for the trade group the American Chemistry Council, said the industry has never intentionally misled the public about recycling and is committed to ensuring all plastic is recycled.
Once the CLC's carbon tax plan is adopted, all other regulations and subsidies aimed at reducing carbon dioxide emissions, such as automobile fuel efficiency and renewable portfolio standards, are supposed to be permanently repealed.
Marie Stopes, the celebrated family planning pioneer who founded Britain’s first birth control clinic in North London in 1921, railed against “hordes of defectives,” calling for the compulsory sterilization of those she deemed “unfit for parenthood.”