The second oil refinery in the world was built in Ploesti, Romania (1860), one year after the first one in the world was built in Pennsylvania, U.S.A. (1859).
The world's first oil refinery was in Scotland (1850). James Young (Chemical Engineer) extracted oil from shale. He was known as 'Paraffin' Young. Granted this was an expensive process and was eventually uncompetitive it was the world's first oil refinery.
@@LuisNazario9 as you can see by this thread everyone has a different claim. I'll stick with paraffin young forming the first oil refine company in 1848. But as you see different people from different countries have different claims.
This narrative of "usa is only after oil" is for people that are so fucking stupid that they haven't taken the time to consider the economics of war. If USA were in Iraq in 2003 because of oil you also have to explain why they wasted 2-3 trillion dollars doing it when they had domestic production that they could have expanded for 1/100th the cost.
@Joshua N. Ajang: No. it’s actually a very common misconception. The one thing Mexican politicians can be somewhat forgiven after all their corruption is that they’ve always been weary of the U.S.A. America is much stronger and wealthier than Mexico so Mexican policy has been to put strong nationalism in its people and to not ask the U.S for anything. If anything, NAFTA was an American thing that the U.S invited Mexico in. Same with the drug war. The U.S. ask Mexico for help and has provided loans for military equipment (loans not gifts, Mexico has repaid everything back).
@Moon Raker: Mexico didn’t built the wall. Most Mexicans actually don’t give a smelly shit about the wall. Mexicans got offended because Trump wants our tax money to pay another country’s project. If the wall is built on Mexican soil by Mexican workers being paid in pesos then we Mexicans support using our taxes. Also Mexican immigration is down 90% since 2001. Since 2010, more people go to Mexico than immigrate out. Educate yourself a little.
Mexico can stop wasting time finding mediocre amounts of oil and move over to renewable energy and why the fuck does Mexico need so many cars?! I hope PEMEX gets shut down.
kiDkiDkiD12 10:12 Fracking is expensive US has its own oil agree But OPEC Trading is in USD If OPEC abandons usd what will it do to the value of usd ? US needs OPEC badly
Never had dig deeper to learn about world 's oil history. With your great explanatory skills with well presented map,this is a realization how the world for every inhabitant in our planet revolves in oil.Wealthy oil countries are true freedoms
Dear Sir / Madam, LLC"RAKURS" hereby with full legal Authorization wish to inform you on the Refinery vessel loaded with D2, LCO, EN590 10PPM on high sea. We need serious Buyer for the products, Official MOU to the product will be sent at your immediate response to this request will be high appreciate. NB: Only Official Buyers / Buyers Mandate are to respond. Best regards, LLC"RAKURS", Dugieva rosa mustafovna . Whats'App +7 965 345 3833 Skype ID - live:.cid587bf2a71781f6cd Email:. dugievallc-rakurs@mail.ru DIRECTOR / CEO.
@@NoonSlayer-wy6nd Are you so ignorant as to think oil prices are only skyrocketing in the US? Russia the #2 producer at war with Ukraine and being heavily sanctioned deserves an update.
13:55 "With polar ice caps melting, there lies potential to explore untapped oil deposits" 1. Take Oil 2. Burn it to melt the Ice Caps 3. Find undiscovered Oil in Melted Ice Caps 4. *Profit*
Is he serious? He cant be right. It's like being sarcastically bright about something very unwanted. Lots of countries will not survive a planet with melted polar caps.We cant send the water to space or anything.
@@martijnouwerkerk The business people already know they're destroying the planet now. They don't care, as long as there's a chance for profit they will be there.
Love the video! However, at 10 minutes into the video, the BP Horizon disaster was mentioned as an attempt to drill one of the deepest boreholes ever. Simply not even close to true. That well was roughly 18,000'. I've worked rigs in the Gulf of Mexico that had drilled more thanTWICE that deep before that disaster. I've worked on the Deepwater Horizon, luckily not on that well.
There are several glaring mistakes but whatever, can't be bothered to list them all. The whole co2 thing is great propaganda but....we are only at 400 ppm where earth (plant life) dies at anything less than 230ppm. When there was flaura and fauna in the north, the earth was around 700ppm but hey, why bring facts into it. (hide the decline,,,) And should I mention that the earths co2 levels ALWAYS followed the earths temp? Again, why bring facts into it.
Colombia finds oil : US decleras war on drug cartels Iraq finds oil: US thinks Iraq need democracy Iran finds oil: US puts sanctions on them Mexico finds oil: US decleras war on drug cartels Saudi Arabia find oil: US signs a deal with SA to protect them........but from whom😂😂 Edit 17th August 2021 : I hope Afghanistan do not have any oil resources but if it has and Taliban finds it......Uncle Sam will be back with its democracy 😂
Colombia was sending tons of drugs to the US Iraq invaded Kuwait and Iran for oil and was attacking Saudi Arabian oil fields Iran went through an anti west Islamic revolution aimed at the US Mexico sends a lot of drugs to the US and has offered Mexico help with the cartel Saudi Arabia’s oil is targeted by Iran and jihadists and Islamic radicals When you consider all these things, you kinda understand why the US does what it does
@@KikogamerJ2 what do you mean these people? If you’re referring to cartels then that has nothing to do with the US, as they are sending drugs into the US. The US no longer funds jihadists unless they have the same current interests. If you refer to the countries themselves excluding Iran, the US couldn’t just stop sending money to the countries cause it would receive international backlash and US foreign policy is to aid less capable countries. It’s like a Marshall plan but for many many more countries and much much smaller quantity. The US wants to militarily interfere with the cartels in Mexico but the government doesn’t let them. A chunk of their country is controlled by them so it’s not surprising.
@@franjokristof4007 But the companies are the ones extracting the oil, wouldnt that be them selling off their resources? Also i seriously doubt they need the US to sell their oil lol.
@@franjokristof4007 How in the hell could the US be the only country IN THE WHOLE WORLD that could refine their oil? And i dont know this exactly but im pretty sure selling their companies means selling the resources as well since the companies run and extract the oil and im sure the US COMPANIES would love to buy the resources of venezuela for pennies on the dollar like they have with lots of other places!
The United States is still in Afghanistan for the poppy. We have far less presence in all of the middle eastern countries combined than we have in Germany. Think for yourself. Personally I dont think we have any business minting a military presence in any country trying to manipulate them for any of their resources. That being said, it helps to honest about where we are currently, and why we might be there.
What a brilliant video; it may seem simple, but to make a video this full to the brim with useful and illuminating information requires you to already know a lot about this history or do research from good sources. Kudos.
illuminating, eh. First bot I've heard with this accent. Too bad folks have been trained NOT to self-research reliable, factful sources, and rely on Bots programmed by ... (?)
Altair Think democracy is a monster? Hahahahaha you don’t read much do you buddy? You people are the type to promote this stupid Bernie government theft propaganda smh
@@correctionguy7632 oil prices actually dropped below 0 as people who previously bought oil futures in order to sell them at a profit, now found themselves with a tanker at their door. The oil investors then took to paying people to take the oil off their hands.
My understanding of history and “control of well” issues is the largest and worst spill was in the early 1900’s in California. It was before the invention of a Blowout Preventer (Tree). From the pics and the public records I’ve seen, it developed a huge lake of Oil and was 25+ years to seep back into the ground. Now the land restored itself and growth has returned to normal.
Also left out the "other" worst oil spill's in Mexico's Gulf in 1970's Ixtoc 1, and then all the wells that Iraq blew up in Kuwait. Many people think both of these spills are tied with Deepwater Horizon spill.
Venezuela: I have soo much oil. I am the best! *political instability has joined the chat* *corruption has joined the chat* *inflation has joined the chat* *Venezuela has left the chat*
@TheDerpha We already drink recycled water. Where did you think we got all those water from? Rivers and mountains? This is really only a concern for impoverished countries. But by the 2100, they will be wealthy enough to recycle their own water. Not to mention the world's population is going to shrinking by 2100.
@@MishaFlower there is no such thing as recycled water wtf are you talking about? Water becames vapor into the atmosphere because of the sun you can't cancel that process
Raise your hand if you're a fan of DIVERSITY: 1) OIl 2) Natural Gas 3) Wood 4) Coal 5) Hydroelectric 6) Solar 7) Wind 8) Nuclear 9) Biomass 10) Muscle (both human and non-human) The above represents a diversity of energy sources which allow contemporary techno-industrial civilization to exist and flourish. Now here is an example of anti-diversity: 100% power grid thru solar and wind ^^^^^ This represents regressiveness in the extreme. So the next time someone tells you about their "progressive" energy policies ... laugh and then spit in their face.
@@goat4777 well....its part of the economy...if they had restricted freedom then china or russia or may be india would produce a plateform and people would lose interest in facebook youtube etc. and ultimately leave it...also these plateforms collects our data which helps the US to knw how to exploit more
@@mohammadismail7599 Oil Prices are now $120 and is about to send global economy in recession. Hope we all enjoy US OIL jokes when we are all jobless and starving. High oil prices only benefit few royal Arab families and some oil companies. Cheap oil prices benefit the rest of population of the world.
Then skyrocketing fuel prices over Bidens shutdown of the keystone in favor of climate change. Except the pipeline helped reduced carbon emissions. Now trucks are forced to drive longer distances to supply fuel. We were energy dependent under the previous administration. Biden sold off a lot of our oil reserves to China. Now he's importing more oil from OPEC over the increased demand.
The biggest lie was told in the beginning of the video. So called fossil fuels such as petroleum come from an abiotic process. This is common knowledge to insiders of the petroleum industry. Think about how much petroleum the World consumes on a daily basis, and think about how much dead organic material would be needed for such vast quantities. Why haven't we hit peak oil yet? The answer lies in the abiotic process of petroleum. Petroleum comes from the mantle of the Earth and is pushed up towards the crust.
Interesting video. Funny thing is, my dad was a Petroleum Engineer and specialized in Secondary/Tertiary recovery (Fracking). His career spanned the 1950's through the 1980's. Also, he was born/raised in Titusville, PA. That is where the first oil well was drilled, the Drake Well. Part of the reason my dad got into the Oil industry. I grew up in the 60's-70's and early 80's seeing a lot of this happen.
SilvanaDil But the thing is China claimed the SCS within their dash lines decades before oil was discovered there in the 1940s. Once oil was discovered in the SCS (1969), it was Chinas neighbouring countries that started to take aggressive military action in the SCS.
@@yerri5567 - My point is that the "9 dash" line, viewed by many as outrageous, at least has some plausibility. I wouldn't put it past China to try something that EVERYONE would view as outrageous and implausible -- China as an Arctic nation!
@@bighands69 *whispers* numerous south/central american nations had tyrants installed by the us military to starve worker's rights within the regions, not to mention south korea literally had a dictator installed by the us and was just as bad as north korea at the point of inception
@@Tioerasmo29 A country with oil is a country that wages war (USA), or in political unrest (Venezuela) or currently at war with his itself or its neighbours (Syria). Oil could be a blessing as well as a damnation. EDIT: Of course, mine is a loose and ironic consideration and isn't meant to explain geopolitics in any way.
@@HerrXenon_ Pro tip: Whenever you think one variable can explain whole system as complex as international relations, just scrap it and say you are wrong, it saves time. Oil is just one factor. Just think for a moment about your own choices. How much of your choices are influence by money, how much by your family, your social circles, your political views, by advertisement, etc. You don’t make your choice solely on money calculation. You don’t just take job with higher salary, if such job is viewed as undesirable by your family or friends. You take different influences into account. So why would you simplify countries that are collections of millions of other individuals, all influenced by their own factors, to simple statement about oil explaining everything. Why isn’t Canada in state of political unrest or in war? Why isn’t Norway? Easy answers are so simplistic that they don’t hold any meaningful value.
@@renaultleakingagain7639 Yes, that‘s true, I would just like people not stopping there but continue working with that factor. For example when politicians make decisions they also think about threat. Threat consists of two factors. Potential, if country is strong or weak. And attitude “we are getting stronger, and when we get more power than you, we will destroy you”. Country with such attitude will obviously get more “love” from their rivals than country that wants to be friendly. Just by adding this one factor, and having two factors to consider 1. country with oil 2. country that’s antagonistic towards other country. You get much more accurate picture what will happen.
First oil well (gusher) in the world was build in Poland near Krosno city (it is in this map). It was Bóbrka village. Guys from USA came there later to learn how to do it:) There is muzeum there now:)
@@umair9456 yeah we have a big toilet on our western border we built it on 14th August 1947. We use a toilet paper which is green with a crescent and a star on it when ever we use that toilet.
Oil doesn't accelerate global warming. The Earth is quite capable of changing it's climate all on its own without any interference. If you don't understand that, then look up "flood basalt" volcanic eruptions and you'll see just how 'global' climate changing they are. And the Earth does it without our help.
@@QuantumRift no sht sherlock, and we are praying that none of those natural desasters with global consequences dont happen but we cant do mutch to prevent them, but on the oil matter that can have global consequences we can actually prevent, so what exactly dont you get here?
@@QuantumRift also the fact that earth can change its climate doesnt mean oil doesnt afect climate change, if the concentration of co2 increases witch is there for more co2 absorved by the oceans turning their temperature slightly higher and so on. Also since co2 is heavier than oxigen it will remail closer to the ground were we are lul
Its so amazing that you can try to make jokes after just watching a video that showed how America was defending itself from OPEC weaponizing oil prices. So it produced more. God people are stupid.
Common Clarity & Truth to History. The BEST historical oil / petro briefing that I have EVER reviewed. Highly informative. Loved the time series with the price per barrel changes linked to the discussion. Thank you for sharing.
really well done video. hits the highlights of a very lengthy topic and timeline yet the graphics and explanations aren't overly complex and easy to follow. I esp loved the sliding scale to the left that showed how prices rose and fell over time.
The US did reach its "first"peak production in the 1970's, but had also be importing oil since the mid-1940's (not in the 1970's as was noted in the video). The US has since surpassed the mid-1970 peak production and has now become the worlds largest oil producer at over 12.3 million barrels per day.
Also worth nothing that under Trump the US became a Net Oil Exporter for the first time since the 1950's. Energy independence has huge strategic and economic advantages, but thanks to Biden we have now lost that advantage. Let's go Brandon!
The Shah of Iran was known also as the eagle of OPEC. He actually led the OPEC before 1979. Instability in Middle East only has began after his overthrown.
@@1370802 Nope, remember the wars between Ottomans and Safavid Persia, the Armenian genocide, etc. You don't know enough history of the region between centuries 16 and 20.
Nice video. One remark: fracking is not exclusively linked to shale oil. Fracking is also commonly used for conventional oil production. Just as directional drilling is.
I did find his comment at 12:30 that "...we have found enough oil to carry on for at least fifty years at production at current rates" pretty funny. While the narrator may not have intended to, peeps keep talking "peak oil" despite the never-ending discovery of new fields, reserves, methods, and technology. It's almost like they haven't learned from history that Necessity is the Mother of Invention and people will always find supply when they can make money selling to demand.
@@PureAmericanPatriot Sure, there is still more to be found. Actually, there are loads of licences around of prospects where they haven't start drilling and producing yet.
It’s the same like people are using but it only speaks to total proved reserves! We have volumes classified in lower higher risk categories. 1 could be high risk due to geology in a new area. Or 2 simply because we are constrained by the SEC on what we can call proved reserves. Anything beyond the next 5 years of development cannot be included as a proved reserve.
Good video! However Alberta and Saskatchewan have the third largest reserves in the world and produce enormous amounts of crude oil not including the oil sands.
These kind of videos are a marvellous rebuke to the criticism of "mainstream western media". Everything in the West is "media" - newspapers, tv, books, and videos like this. If you consume a balanced selection of all these, you get a pretty good idea of things. Far from all countries in the world have this privilege. Also, the government which arose in Iran after the revolution was not a "republic" other than in name.
Modern history of oil started in Galicia in today Poland. Ignacy Łukasiewicz, a Polish pharmacist and petroleum industry pioneer built one of the world's first modern oil wells in 1854 in Polish village Bóbrka, Krosno County who in 1856 built one of the world's first oil refineries.
Lol, I like your last line about how melting ice caps will provide new oil reserves. Most people phrase it like something to avoid but just the way you say it makes it sound like an opportunity 😂😂
just....because US does not extract crude...which is not the fact... US has a very huge marine extraction ship...wherein 90 percent of US trades lie... And it is not only crude...it is all fauna traded...that America is known as the only largest beggar country of the world... will continue to be!!
@@skyshooter4009 It is you nomblenoop. It is also one of the oldest and largest oil producers, played an important part at the start of the oil industry, but like many other things is completely missing from this video.
@@miltonpopper4181 Milton muppet, do you think Canada has more oil reserves than Venezuela and Saudi Arabia? Are they lying to you lot in those Canadian schools?
Errata: LPG (liquefied petroleum gas) is actually natural gas (does not come from crude oil). It has odors (from mercaptans) added to facilitate detection by smell in case of a gas leak. In the fractionation process, on the topmost part comes aviation gasoline, then jet fuel (such as Jet A-1), then automobile gasoline, then various petrochemicals, diesel oil, bunker fuel, and in the bottom comes paraffin and bitumens (asphalt).
Great informative video! Although the reason for the Iran-Iraq war was not border disputes. The war was however initiated by an invasion of the Iraqi army on Iranian borders.
For me petroleum are cushions to avoid tectonic plates from crushing together with great force and to avoid big tsunamis and severe continent separations . As we take the oil out . We are taking away the safety for earthquakes to behave ☝️☝️
Ali Awada شكرا اخي ❤️ ما اعرف ليش كلب الموضوع صراع ع الرغم انو تعليقه ماله علاقه بين تعليقي وموضوع الفديو لان هو ديحجي ع التاريخ مال النفط مو عن الحرب مال ٢٠٠٣😂😂😂
When your little city Krosno is finally put on the map, when pretty much no one knows of the place. Also the oil place has been turned into a museum, the same place the Polish guy gifted oil to one of the Rockefellers for FREE when he could of became a millionaire, there is alot of interesting stuff about that place
Very good presentation and a starter on petrol politics. And thanks also for keeping the trip-hop sound track on low volume. Most geopolitics type videos with trip-hop soundtracks have them cranked. Distracting and annoying! So good job on audio quality.
Wow, man. I can't even begin to describe how awesome this video is. I learned everything I needed to know in one video what I could never understand before. It all makes sense now. Thank you.
I love that everyone forgets everything today Is a petroleum product From plastic water bottles to synthetic fiber for cloth, its not just about gasoline
True. Petroleum is also used in the production process for materials that do not actually contain petroleum such as glass, metals, and lumber. Petroleum is also used in the process of growing and harvesting edible plants, livestock, and cotton and also harvesting fish.
MS 37 They did to India... unfortunately india most of what they had bought turned out to be just dud assets and the rest where not to be drilled by the Chevase govt... it is still under litigation
This shows so clearly the timing of wars relative to oil. We are on the cusp of transportation making a huge switch to battery tech. Want to know where future wars may be, where is the Lithium?
@@MrJoshcc600 There is more than enough THORIUM-232 in the world for several thousand years... we don't need to burn oil to power our homes and businesses... just saying.
*USA has joined the chat* *CIA has joined the chat* *US Military has joined the chat* *Democracy has joined the chat* *Oil has left the chat* *Developing_Country has left the chat*
corruption has joined the chat socialism has joined the chat capitalism has left the chat communism has joined the chat poverty has joined the chat a_dictator has joined the chat FREEDOM has left the chat,
@@ghr1990 I am not particularly fond of nationalizations either, but wasn't it Iran AKA Persia which was pissed deliberately by foreign oil companies in the first place? The root cause was that Iran had the oil, but only the UK and the US ("the West") had the technology and interest to make use of it. Which is a fatal conflict of interest to this day. Valid for any oil producing country.
@@jangelbrich7056 This is the problem. A lot of countries sitting on the biggest deposits but don't have the Companies, the Markets or even the military to protect it. but they do have terrorism.....
@@Davo-007 You seem to be implying that war, killing, and destruction (on foreign soil) is acceptable when it's done by a military/government instead of by terrorists.
The way you use the map with a timeline really clears everything up, making better understanding of the topic. Bravo.
I know
The history of oil for the last 100 years kinda explains EVERYTHING
Definitely. This video concisely shows the geopolitical history of oil.
but one thing is wrong. first city was not Bakou the name is Baku and not in Russian empire it was Azerbaijani capital city
it's not that clear because only fucking WTI.
"America biggest oil producer in the world"
*America invades America*
Ever hear of the civil war?
@@cowthedestroyer ikr
hahahahahaaaa! Nice!
I'm totally stealing that line! You rock!.. or rather.. from now on I rock! I might even make T-shirts... bwhaaaahahahahaha!
Hahaha
Wherever there is oil, there is someone searching for democracy.
America is fully self dependent on oil and doesn't need any foreign oil.
True though
because democracy is the lost son of Oil
@@invalidcrazy7034 but....?
"searching"? more like "imposing". Saudi Arabia is not a democracy but that's fine as long as they don't resist.
The second oil refinery in the world was built in Ploesti, Romania (1860), one year after the first one in the world was built in Pennsylvania, U.S.A. (1859).
The world's first oil refinery was in Scotland (1850). James Young (Chemical Engineer) extracted oil from shale. He was known as 'Paraffin' Young. Granted this was an expensive process and was eventually uncompetitive it was the world's first oil refinery.
The world's first industrial petroleum refinery was built in Ploiesti, Romania, in 1856.
@@marcdewolf7334 UK stole everything, even credits
@@marcdewolf7334 The worlds first oil refinery was in Timbuktu. Arthur Spooner extracted oil from shale.
@@LuisNazario9 as you can see by this thread everyone has a different claim. I'll stick with paraffin young forming the first oil refine company in 1848. But as you see different people from different countries have different claims.
Oil deposit: **discovered**
USA: Your freedom has arrived!
Oil deposit: *discovered*
USA in 2019: Fuck you I'm making more
Lol
This narrative of "usa is only after oil" is for people that are so fucking stupid that they haven't taken the time to consider the economics of war. If USA were in Iraq in 2003 because of oil you also have to explain why they wasted 2-3 trillion dollars doing it when they had domestic production that they could have expanded for 1/100th the cost.
@C S bitch do something about it 😂😂😂
@C S oh boy, cue the US hater trolls
Mexico : finds oil reserves.
USA: Destroys the wall and declares war on drug cartels.
underrated comment
Mexico has quite a bit of oil...
@Joshua N. Ajang: No. it’s actually a very common misconception. The one thing Mexican politicians can be somewhat forgiven after all their corruption is that they’ve always been weary of the U.S.A. America is much stronger and wealthier than Mexico so Mexican policy has been to put strong nationalism in its people and to not ask the U.S for anything. If anything, NAFTA was an American thing that the U.S invited Mexico in. Same with the drug war. The U.S. ask Mexico for help and has provided loans for military equipment (loans not gifts, Mexico has repaid everything back).
@Moon Raker: Mexico didn’t built the wall. Most Mexicans actually don’t give a smelly shit about the wall. Mexicans got offended because Trump wants our tax money to pay another country’s project. If the wall is built on Mexican soil by Mexican workers being paid in pesos then we Mexicans support using our taxes. Also Mexican immigration is down 90% since 2001. Since 2010, more people go to Mexico than immigrate out. Educate yourself a little.
Mexico can stop wasting time finding mediocre amounts of oil and move over to renewable energy and why the fuck does Mexico need so many cars?! I hope PEMEX gets shut down.
me: adds oil to salad
USA: i know you are hiding weapons of mass destruction in that salad!!
USA 2019: Turns out with got enough oil!
kiDkiDkiD12
10:12
Fracking is expensive
US has its own oil agree
But
OPEC Trading is in USD
If OPEC abandons usd what will it do to the value of usd ?
US needs OPEC badly
IDGAF!!!!
Gagahaga 😎 🤗❤️💚 💛 hahahaha
Turns out no terrorism and no wmds
Never had dig deeper to learn about world 's oil history. With your great explanatory skills with well presented map,this is a realization how the world for every inhabitant in our planet revolves in oil.Wealthy oil countries are true freedoms
Found oil in another galaxy.
Usa: Enough dictatorship, alien!
Dear Sir / Madam,
LLC"RAKURS" hereby with full legal Authorization wish to inform
you on the Refinery vessel loaded with D2, LCO, EN590 10PPM on high sea.
We need serious Buyer for the products, Official MOU to the product will be sent at your immediate response to this request will be high appreciate.
NB: Only Official Buyers / Buyers Mandate are to respond.
Best regards,
LLC"RAKURS",
Dugieva rosa mustafovna .
Whats'App +7 965 345 3833
Skype ID - live:.cid587bf2a71781f6cd
Email:. dugievallc-rakurs@mail.ru
DIRECTOR / CEO.
what the hell is this
@@dugievarosamustafovna529 stfu
😂😂😂😂😂😭
Don’t be dumb please
A very 'crude', but effective summary.
Oil have to agree with that.
@AzerGhost16 Well oil be damned, you dug deep to pipe that line together!!
Lol
You guys are fracking me up ⛽
All of you see yourselves out
US: We need democracy in Antarctica, no more penguin dictatorship
Gagahaga 😎 🤗❤️💚 💛 hahahaha that's good!!!!
Hahaha SO ORIGINAL
@Turururu if Venezuela is a dictatorship why Maduro didn't kill Guido
@@mintyleafxd5982 Because half of the world is backing him
Yaseen Momin Thanks from Middle East!
Would be great to see an updated one or these! Or part 2 for 2019 to present
This video isn’t a story about the US bud
@@NoonSlayer-wy6nd huh?
@@NoonSlayer-wy6nd Are you so ignorant as to think oil prices are only skyrocketing in the US? Russia the #2 producer at war with Ukraine and being heavily sanctioned deserves an update.
@@grunt1807 I never said that bro I legit said this isn’t a story soley about the us it’s about the world
@@NoonSlayer-wy6nd You make no sense, bro.
He never said anything about the US, you did.
Me: My face is Oily
US: It wants freedom
Vishwajeet Singh Virk
Ganju Patel: Mere khopdi me tel.
US: Want a head massage?
Ahahaha
That was Savage
😂
uh oh 😳
*runs*
13:55 "With polar ice caps melting, there lies potential to explore untapped oil deposits"
1. Take Oil
2. Burn it to melt the Ice Caps
3. Find undiscovered Oil in Melted Ice Caps
4. *Profit*
5. If penguin start discover with his
army, just said
" We do this for your freedom & democracy from
penguin evil dictatorship regime "
Is he serious? He cant be right. It's like being sarcastically bright about something very unwanted. Lots of countries will not survive a planet with melted polar caps.We cant send the water to space or anything.
@@martijnouwerkerk Have you watched the movie "Don't Look Up" yet?
Uh…perhaps someone should explain what will happen to sea level, weather, radiation, - just for a start - WHEN the ice caps melt. 😱😱😱😱😱😱
@@martijnouwerkerk The business people already know they're destroying the planet now. They don't care, as long as there's a chance for profit they will be there.
The title is false, it should be the history of democracy..
😂😂
😂
Oh you have oil have democracy
u will give on your will ..remain under the kings😂😂
There we go!
BG Low democracy is older than this shit mate call it MODERN OILY DEMOCRACY
Love the video! However, at 10 minutes into the video, the BP Horizon disaster was mentioned as an attempt to drill one of the deepest boreholes ever. Simply not even close to true. That well was roughly 18,000'. I've worked rigs in the Gulf of Mexico that had drilled more thanTWICE that deep before that disaster. I've worked on the Deepwater Horizon, luckily not on that well.
There are several glaring mistakes but whatever, can't be bothered to list them all. The whole co2 thing is great propaganda but....we are only at 400 ppm where earth (plant life) dies at anything less than 230ppm. When there was flaura and fauna in the north, the earth was around 700ppm but hey, why bring facts into it. (hide the decline,,,) And should I mention that the earths co2 levels ALWAYS followed the earths temp? Again, why bring facts into it.
AMAZING VIDEO ruclips.net/video/yGFCFKEcA2s/видео.html
ruclips.net/video/T2RC9DgbJtM/видео.html
thats pretty cool, what were you doing on the rigs?
@@cbulldog22 i WAS "DOING" THE JIG😁
Colombia finds oil : US decleras war on drug cartels
Iraq finds oil: US thinks Iraq need democracy
Iran finds oil: US puts sanctions on them
Mexico finds oil: US decleras war on drug cartels
Saudi Arabia find oil: US signs a deal with SA to protect them........but from whom😂😂
Edit 17th August 2021 : I hope Afghanistan do not have any oil resources but if it has and Taliban finds it......Uncle Sam will be back with its democracy 😂
So TRUE 🤣
Colombia was sending tons of drugs to the US
Iraq invaded Kuwait and Iran for oil and was attacking Saudi Arabian oil fields
Iran went through an anti west Islamic revolution aimed at the US
Mexico sends a lot of drugs to the US and has offered Mexico help with the cartel
Saudi Arabia’s oil is targeted by Iran and jihadists and Islamic radicals
When you consider all these things, you kinda understand why the US does what it does
@@israelbolet9348 well US should stop funding these people then
@@KikogamerJ2 what do you mean these people? If you’re referring to cartels then that has nothing to do with the US, as they are sending drugs into the US. The US no longer funds jihadists unless they have the same current interests. If you refer to the countries themselves excluding Iran, the US couldn’t just stop sending money to the countries cause it would receive international backlash and US foreign policy is to aid less capable countries. It’s like a Marshall plan but for many many more countries and much much smaller quantity. The US wants to militarily interfere with the cartels in Mexico but the government doesn’t let them. A chunk of their country is controlled by them so it’s not surprising.
@@israelbolet9348 I think you don't know what secret operations means
Knock knock Venezuela!!!
Who is it???
Its Democracy
😂😂😂
@@franjokristof4007 For now
@@franjokristof4007 How would selling its oil companies benefit venezuela?
@@franjokristof4007 But the companies are the ones extracting the oil, wouldnt that be them selling off their resources? Also i seriously doubt they need the US to sell their oil lol.
@@franjokristof4007 How in the hell could the US be the only country IN THE WHOLE WORLD that could refine their oil? And i dont know this exactly but im pretty sure selling their companies means selling the resources as well since the companies run and extract the oil and im sure the US COMPANIES would love to buy the resources of venezuela for pennies on the dollar like they have with lots of other places!
Love how this video accidentally explains the real reason u.s is in the middle east
No my friend, they care about the safety of the people. Shame on you!
welch e
LOL nice joke
@@welche3477 lmao, yeah thats why they are an important ally to israel
@@welche3477 lol
The United States is still in Afghanistan for the poppy. We have far less presence in all of the middle eastern countries combined than we have in Germany.
Think for yourself.
Personally I dont think we have any business minting a military presence in any country trying to manipulate them for any of their resources. That being said, it helps to honest about where we are currently, and why we might be there.
What a brilliant video; it may seem simple, but to make a video this full to the brim with useful and illuminating information requires you to already know a lot about this history or do research from good sources. Kudos.
illuminating, eh.
First bot I've heard with this accent. Too bad folks have been trained NOT to self-research reliable, factful sources, and rely on Bots programmed by ... (?)
@@anothercomment3451crazy to call it a bot when the guy is credited in the description 🥸
freedom has joined the chat
democracy has joined the chat
OIL
Communism has left the chat
Altair
Think democracy is a monster? Hahahahaha you don’t read much do you buddy? You people are the type to promote this stupid Bernie government theft propaganda smh
Very smart comment, mate.
Nasa: found oil on Uranus
Usa: looks like uranus is ready for the pumping
Uh NO! not my anus! 😭
It should be interesting to pump crude oil from a gaseous planet. Ok, sorry to mess up your joke.
USA is outdated
Now its China
* found oil in uranus
@@jjuniorc2 *gaseous*
who's watching this at $0 oil?
Same, this video will need an actualization
the oil price didnt hit 0 it was the oil futures price.
@@correctionguy7632 oil prices actually dropped below 0 as people who previously bought oil futures in order to sell them at a profit, now found themselves with a tanker at their door. The oil investors then took to paying people to take the oil off their hands.
In my country still 1$ for a litre.😥
Which is very very costly here.
Ur mum
My understanding of history and “control of well” issues is the largest and worst spill was in the early 1900’s in California. It was before the invention of a Blowout Preventer (Tree). From the pics and the public records I’ve seen, it developed a huge lake of Oil and was 25+ years to seep back into the ground. Now the land restored itself and growth has returned to normal.
Also left out the "other" worst oil spill's in Mexico's Gulf in 1970's Ixtoc 1, and then all the wells that Iraq blew up in Kuwait. Many people think both of these spills are tied with Deepwater Horizon spill.
Venezuela: I have soo much oil. I am the best!
*political instability has joined the chat*
*corruption has joined the chat*
*inflation has joined the chat*
*Venezuela has left the chat*
Haha nice one
that’s what socialism does to a once wealthiest country in south america
No involvement of China and UsA.
Neoextractivism
What has happened in Venezuela since the end of the last decade of the last century is completely self-inflicted.
Me: *Has oil on my frying pan*
US: LET GO OF THE PAN TYRANT!
another one
OY VEY
and another one gone
@0 subscribers without a video? ck2
Ohh edgy profile pic my dude....
Now oil is the problem
After 100 years water will be the problem
water doesn't cause climate change,False equivalency.
TheDerpha yeah At first I thought that he was saying that petroleum is good
@TheDerpha Water won't run out. Water is not infinite but it doesn't disappear, It moves in circles.
@TheDerpha We already drink recycled water. Where did you think we got all those water from? Rivers and mountains? This is really only a concern for impoverished countries. But by the 2100, they will be wealthy enough to recycle their own water.
Not to mention the world's population is going to shrinking by 2100.
@@MishaFlower there is no such thing as recycled water wtf are you talking about? Water becames vapor into the atmosphere because of the sun you can't cancel that process
Thank you for a thorough, honest presentation that doesn’t take sides.
Raise your hand if you're a fan of DIVERSITY:
1) OIl
2) Natural Gas
3) Wood
4) Coal
5) Hydroelectric
6) Solar
7) Wind
8) Nuclear
9) Biomass
10) Muscle (both human and non-human)
The above represents a diversity of energy sources which allow contemporary techno-industrial civilization to exist and flourish.
Now here is an example of anti-diversity:
100% power grid thru solar and wind
^^^^^ This represents regressiveness in the extreme. So the next time someone tells you about their "progressive" energy policies ... laugh and then spit in their face.
Aka America's list of military conflicts...
Murica!!!!
Cold war
*Yawn* www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised get some education I'm embarrassed for you Ahaha
Always love to see America demonstrate her military might around the world. :)
Did you even watch the video?
This video is perfect. It explains everything from all angles.
You make me want to watch it again, no, not really. Perfect? It's good, but perfect? Google that word.
Doogle Ticker yes perfect
@@TeamTwiistz - OK! Yeah, you're probably right.
You mean explains everything from oil angles ;)
Yeah im from equator , and i appreciate all the things that this guy say. i think that is perfect
What US is thinking :I want oil
What US says :you need freedom
Is it not freedom that you can say what you think freely in an american app?
We have our own oil now, you can stop hiding under your bed sweetie.
America also has a shitty healthcare system. YOu can open your eyes to the truth. NHS FOREVERRR!!!
@@goat4777 well....its part of the economy...if they had restricted freedom then china or russia or may be india would produce a plateform and people would lose interest in facebook youtube etc. and ultimately leave it...also these plateforms collects our data which helps the US to knw how to exploit more
@@mohammadismail7599 Oil Prices are now $120 and is about to send global economy in recession. Hope we all enjoy US OIL jokes when we are all jobless and starving.
High oil prices only benefit few royal Arab families and some oil companies. Cheap oil prices benefit the rest of population of the world.
I'm so proud of mankind, being fresh on earth sharing the resources peacefully to enhance the planet for the better.
If you do this again it would be amazing. You'd be able to talk about how prices of oil went negative during the pandemic
Then skyrocketing fuel prices over Bidens shutdown of the keystone in favor of climate change. Except the pipeline helped reduced carbon emissions. Now trucks are forced to drive longer distances to supply fuel. We were energy dependent under the previous administration. Biden sold off a lot of our oil reserves to China. Now he's importing more oil from OPEC over the increased demand.
Thats artificially made....
@@WallyHojo cry about it
@@DevinWillSurvive could you give an example of why this is made up? Because this is a straight fact.
The biggest lie was told in the beginning of the video. So called fossil fuels such as petroleum come from an abiotic process. This is common knowledge to insiders of the petroleum industry. Think about how much petroleum the World consumes on a daily basis, and think about how much dead organic material would be needed for such vast quantities. Why haven't we hit peak oil yet? The answer lies in the abiotic process of petroleum. Petroleum comes from the mantle of the Earth and is pushed up towards the crust.
Interesting video. Funny thing is, my dad was a Petroleum Engineer and specialized in Secondary/Tertiary recovery (Fracking). His career spanned the 1950's through the 1980's. Also, he was born/raised in Titusville, PA. That is where the first oil well was drilled, the Drake Well. Part of the reason my dad got into the Oil industry. I grew up in the 60's-70's and early 80's seeing a lot of this happen.
The first oil well was actually drilled in Baku
Arctic oil discovered. China moves "9 dash" line and claims that it borders the Arctic Ocean.
SilvanaDil But the thing is China claimed the SCS within their dash lines decades before oil was discovered there in the 1940s. Once oil was discovered in the SCS (1969), it was Chinas neighbouring countries that started to take aggressive military action in the SCS.
@@yerri5567 - My point is that the "9 dash" line, viewed by many as outrageous, at least has some plausibility. I wouldn't put it past China to try something that EVERYONE would view as outrageous and implausible -- China as an Arctic nation!
@@SilvanaDil China isnt an Arctic nation nor have their ever ventured there. Even if oil was discovered there its got nothing to do with China.
@@yerri5567 They would still try to dip their greasy fingers into it
@@yerri5567 - Don't underestimate China's nefarious ambition.
I think it's pretty cool that in the future this will be known as the "oil age"
That future will be a return to the stone age.
@@headshot8888 I fuggin hope so.
Gordon Ramsay : "This plate is so greasy, the U.S mobilised its military."
America only acts to stop tyrants and those that commit genocide such as Saddam. You do know that Saddam committed genocide?
@@bighands69 Explain Iraq and the Indian wars, America is a tyrant which they so wish to defeat.
@@swahi2702 red indians?
@@bighands69 *whispers* numerous south/central american nations had tyrants installed by the us military to starve worker's rights within the regions, not to mention south korea literally had a dictator installed by the us and was just as bad as north korea at the point of inception
OIL IS OIL
This is so fucking good.
That's basically the explanation of all the mess there is this world that no one can figure out.
Awesome!
Country with oil is a country in war, is that the lesson I'm getting?
@@Tioerasmo29 A country with oil is a country that wages war (USA), or in political unrest (Venezuela) or currently at war with his itself or its neighbours (Syria). Oil could be a blessing as well as a damnation.
EDIT: Of course, mine is a loose and ironic consideration and isn't meant to explain geopolitics in any way.
@@HerrXenon_ Pro tip: Whenever you think one variable can explain whole system as complex as international relations, just scrap it and say you are wrong, it saves time.
Oil is just one factor. Just think for a moment about your own choices. How much of your choices are influence by money, how much by your family, your social circles, your political views, by advertisement, etc. You don’t make your choice solely on money calculation. You don’t just take job with higher salary, if such job is viewed as undesirable by your family or friends. You take different influences into account.
So why would you simplify countries that are collections of millions of other individuals, all influenced by their own factors, to simple statement about oil explaining everything. Why isn’t Canada in state of political unrest or in war? Why isn’t Norway?
Easy answers are so simplistic that they don’t hold any meaningful value.
@@stafer3 i agree but oil is still one of the major factors in world economy and politics
@@renaultleakingagain7639 Yes, that‘s true, I would just like people not stopping there but continue working with that factor. For example when politicians make decisions they also think about threat. Threat consists of two factors. Potential, if country is strong or weak. And attitude “we are getting stronger, and when we get more power than you, we will destroy you”. Country with such attitude will obviously get more “love” from their rivals than country that wants to be friendly.
Just by adding this one factor, and having two factors to consider 1. country with oil 2. country that’s antagonistic towards other country. You get much more accurate picture what will happen.
I trust a video narrated by an Indian with an English Accent
no u don't 😂😂
Supreme Leader its written there VOICEOVER- RAHUL VENKIT
I always liked this narration voice
The chanel is french
I thiught that too but he could actually be european lol. Some of them have this accent too. But rpobably india
First oil well (gusher) in the world was build in Poland near Krosno city (it is in this map). It was Bóbrka village. Guys from USA came there later to learn how to do it:) There is muzeum there now:)
Goggle say it was Beaumont Texas, 1/10/1901, So lets have a goggle contest?
Indian hair oil companies: our oil is best.
USA: did you say something?
india is famous for toilets.. you idiot
@@umair9456 yeah we have a big toilet on our western border we built it on 14th August 1947. We use a toilet paper which is green with a crescent and a star on it when ever we use that toilet.
@@umair9456 toilet less porkistan welcome my account
@@umair9456 we do potty in porkistan.
😉
@@umair9456 Over 90 percent of India is ODF.
Oil accelerates global warming.
Global warming melts the poles.
"Oh, we may find more oil on the poles"
Oil doesn't accelerate global warming. The Earth is quite capable of changing it's climate all on its own without any interference. If you don't understand that, then look up "flood basalt" volcanic eruptions and you'll see just how 'global' climate changing they are. And the Earth does it without our help.
It's very disappointing that we've now found enough oil to make the earth inhospitable to human civilization :(
Itzamna we are doomed man. Our species is not surviving.
@@QuantumRift no sht sherlock, and we are praying that none of those natural desasters with global consequences dont happen but we cant do mutch to prevent them, but on the oil matter that can have global consequences we can actually prevent, so what exactly dont you get here?
@@QuantumRift also the fact that earth can change its climate doesnt mean oil doesnt afect climate change, if the concentration of co2 increases witch is there for more co2 absorved by the oceans turning their temperature slightly higher and so on. Also since co2 is heavier than oxigen it will remail closer to the ground were we are lul
Yall, we just gonna ignore how this is a history video with trap music? HEAT
yes
really sets the theme well imo
I don't care it's lit
Bro, brilliant video! I've never seen anything like this in my years of watching history videos on youtube. Subscribed! Cheers!
Country: finds oil.
C-3PO as a US ambassador: Congratulations! You are now a democracy.
Unless your one of our oil rich allies, Saudi, Bahrain, in which case we must respect cultural differences, ie monarchies?
America is fully self dependent on oil and doesn't need any foreign oil.
Me: *adds oil to my food*
USA: interesting.
😂😂😂😂😂😂😂😂😂
STOP
WTF is up with this fad?
😂😂😂😂😂😂😂😂
Lmaooo
16th century
Spain: Do I smell gold somewhere!?
20th century
USA: *Do I smell oil somewhere!?*
Indonesian: i am glad this video didn't spotted indonesia right
Me: uh oh LMHAO
America is fully self dependent on oil and doesn't need any foreign oil. Also Spain in the 19th Century was dead. No colonial empire left.
I'm surprised the Caspian Sea was not mentioned here. But I love seeing history in a map, it really helps
Yes, absolutely ridiculous - who can trust a ‘history of oil’ video which doesn’t mention the first well and many others firsts in Baku
Video : "... "Petrolium" is ...."
USA : "what did you say? Some one need freedom? Ay ay let's do this boiii"
'murica:
*D I D I H E A R O I L ?*
Beverly Hillbillies and Mr, Drysdale join the chat and impose embargos on themselves.
P R E P A R E T H E C H E M I C A L W E A P O N S P R O P A G A N D A
Its so amazing that you can try to make jokes after just watching a video that showed how America was defending itself from OPEC weaponizing oil prices. So it produced more. God people are stupid.
Zzzzipp! Starts fapping...
100th like.
*New oil reserves are discovered*
USA: *Salivates*
The USA is currently producing oil
@@Xo-3130 Well yes but their reserves are being depeleted
@@abyssstrider2547
Fraking has increased those reserves
@@Xo-3130 Also increased deforestation...
@@abyssstrider2547
Eh, That's been a common trend with civilization.
Country: *has oil*
US: allow us to introduce ourselves
Me: Lets add Some Oil!
Door: * Knocks Ragely *
Me: Cooking Oil
Door:* Stops Knocking *
USA : You need some Freedom
*what an alien sees after using a translation machine*
USA : You have oil
I found this very interesting. But viewers should be aware that most topics is simplified.
I agree, but I think it’s called an overview. There has to be a cut off with detail, otherwise it would go in forever. But I take your point.
Agreed. I’m in the shipping industry, and most vessels (at least American vessels) haven’t been using heavy fuel oil (HFO) for years.
Hey bro we need a part 2 explaing 2022...With this videos explanation atleast we know it's not "Russia, Russia, Russia's" fault 🤷♂️🤣💯
Yeah, because its Trump's fault. Everything I dont like is Hitler!
Timeline + chronological event with regards to oil + map = excellent delivery documentary
+ Oil price meter
love history content👍👌🏻🔥❤
2019: Petroleum - Summary of modern history of Oil
2119: Renewable Energy - Summary of modern history of renewables
You left out the oil in Western USSR that Germany was trying to capture and Germany had to produce its own synthetic oil during the war
You are correct!
Common Clarity & Truth to History.
The BEST historical oil / petro briefing that I have EVER reviewed. Highly informative. Loved the time series with the price per barrel changes linked to the discussion. Thank you for sharing.
Fantastic history lesson. Great format with just using the map, and a few explanatory graphics. Well done.
Where is Canada 🇨🇦? We are 3rd oil producers.....
The USA becomes the largest oil producer in the world
USA: *frantic typing*
_How to invade yourself_
It's called a civil war
Bullshit
@@dario0523
Idiot.
Lmao😂
really well done video. hits the highlights of a very lengthy topic and timeline yet the graphics and explanations aren't overly complex and easy to follow. I esp loved the sliding scale to the left that showed how prices rose and fell over time.
The US did reach its "first"peak production in the 1970's, but had also be importing oil since the mid-1940's (not in the 1970's as was noted in the video). The US has since surpassed the mid-1970 peak production and has now become the worlds largest oil producer at over 12.3 million barrels per day.
Also worth nothing that under Trump the US became a Net Oil Exporter for the first time since the 1950's. Energy independence has huge strategic and economic advantages, but thanks to Biden we have now lost that advantage. Let's go Brandon!
Our monthly oil production is the same average as it’s been since Oct of 2018
@@gooble69 there are about 19,000 possible sites in the US available for drilling but not being touched and that has nothing to do with Biden
The US was the largest oil producing during WWII. Middle East had not developed their oil infrastructure then to the point of today.
Oil Exits in a country:
USA: Hey buddy shareing is careing:)
*Wait.Thats Communist*
No no, I don’t share
Caring*
Wonderful description of the Oil history.
The Shah of Iran was known also as the eagle of OPEC. He actually led the OPEC before 1979. Instability in Middle East only has began after his overthrown.
Instability in the Middle East started when the Ottoman Empire fell 100 years ago.
@@1370802 instability started in the region when Abraham had Isaac
@@snagfalarski109 No. No it didn't. The Ottoman empire was stable for hundreds of years.
Sykes-Picot Agreement has been causes middle east instability
@@1370802 Nope, remember the wars between Ottomans and Safavid Persia, the Armenian genocide, etc. You don't know enough history of the region between centuries 16 and 20.
Nice video. One remark: fracking is not exclusively linked to shale oil. Fracking is also commonly used for conventional oil production. Just as directional drilling is.
I did find his comment at 12:30 that "...we have found enough oil to carry on for at least fifty years at production at current rates" pretty funny. While the narrator may not have intended to, peeps keep talking "peak oil" despite the never-ending discovery of new fields, reserves, methods, and technology. It's almost like they haven't learned from history that Necessity is the Mother of Invention and people will always find supply when they can make money selling to demand.
@@PureAmericanPatriot Sure, there is still more to be found. Actually, there are loads of licences around of prospects where they haven't start drilling and producing yet.
It’s the same like people are using but it only speaks to total proved reserves! We have volumes classified in lower higher risk categories. 1 could be high risk due to geology in a new area. Or 2 simply because we are constrained by the SEC on what we can call proved reserves. Anything beyond the next 5 years of development cannot be included as a proved reserve.
For the ignorant people that say "Venezuela economy sucks cus of socialism!!1!1!1?" Watch at 10:40
Good video! However Alberta and Saskatchewan have the third largest reserves in the world and produce enormous amounts of crude oil not including the oil sands.
The overwhelming majority (about 99%) of Alberta’s oil
reserves is in the form of bitumen (i.e., oil sands).
Yeah. What about Canada!
Oil sands extend into BC and we have tons of natural gas as well.
Who cares! That shit needs to stay in the ground anyways.
A lot of these channels that do these videos are wrong on a lot of stuff.
These kind of videos are a marvellous rebuke to the criticism of "mainstream western media". Everything in the West is "media" - newspapers, tv, books, and videos like this. If you consume a balanced selection of all these, you get a pretty good idea of things. Far from all countries in the world have this privilege.
Also, the government which arose in Iran after the revolution was not a "republic" other than in name.
The video started without bla bla bla....thats what i like the most
.
.
Great video
that's why its excellent
this guy sounds so unbiased
and i love it
Modern history of oil started in Galicia in today Poland. Ignacy Łukasiewicz, a Polish pharmacist and petroleum industry pioneer built one of the world's first modern oil wells in 1854 in Polish village Bóbrka, Krosno County who in 1856 built one of the world's first oil refineries.
It actually started in Baku where the world’s very first oil well was drilled in 1946 in an area called Bibi-Heybat.
Lol, I like your last line about how melting ice caps will provide new oil reserves. Most people phrase it like something to avoid but just the way you say it makes it sound like an opportunity 😂😂
This is very cool. I knew most of this from well learning about the world around me, but this is the first time I seen it laid out in this format.
As a history of oil it might have been wise to include the Texas oil rush and Canada with the second largest oil reserves in the world.
just....because US does not extract crude...which is not the fact... US has a very huge marine extraction ship...wherein 90 percent of US trades lie... And it is not only crude...it is all fauna traded...that America is known as the only largest beggar country of the world... will continue to be!!
Where you got the information that Canada has the second largest oil reserves? Canada is not even top 5.
@@skyshooter4009 It is you nomblenoop. It is also one of the oldest and largest oil producers, played an important part at the start of the oil industry, but like many other things is completely missing from this video.
@@miltonpopper4181 Milton muppet, do you think Canada has more oil reserves than Venezuela and Saudi Arabia? Are they lying to you lot in those Canadian schools?
Errata: LPG (liquefied petroleum gas) is actually natural gas (does not come from crude oil). It has odors (from mercaptans) added to facilitate detection by smell in case of a gas leak.
In the fractionation process, on the topmost part comes aviation gasoline, then jet fuel (such as Jet A-1), then automobile gasoline, then various petrochemicals, diesel oil, bunker fuel, and in the bottom comes paraffin and bitumens (asphalt).
You made the us lose interest in that faster than my parents dropped me
I’m a simple American: I see oil, I click
No way this went unseen😂
One of the best informative video on RUclips. I'm gonna show this to my dad who's interested in world politics and history :)
Very clear explanation thank you.
Easy to see the reason for so many wars! Love the price bar on the side, super interesting.
Subscribed
Great informative video! Although the reason for the Iran-Iraq war was not border disputes. The war was however initiated by an invasion of the Iraqi army on Iranian borders.
Lots of error in this video, and many important oil historical facts are missing. It's not great, and not informative at all.
For me petroleum are cushions to avoid tectonic plates from crushing together with great force and to avoid big tsunamis and severe continent separations . As we take the oil out . We are taking away the safety for earthquakes to behave ☝️☝️
I have just discovered your channel and I'm loving it 🙈💋 big love from Iraq and all the best ❤️❤️
LEGI0N Wolf and you think I don't know that ?!
LEGI0N Wolf why it's funny for you?!
It's funny to him because he is high or he is just a fucking psycho) btw greetings from Lebanon Iraq is a wonderful place
Ali Awada شكرا اخي ❤️ ما اعرف ليش كلب الموضوع صراع ع الرغم انو تعليقه ماله علاقه بين تعليقي وموضوع الفديو لان هو ديحجي ع التاريخ مال النفط مو عن الحرب مال ٢٠٠٣😂😂😂
@@nohasalman7879 😂😂😂😂😂
When your little city Krosno is finally put on the map, when pretty much no one knows of the place. Also the oil place has been turned into a museum, the same place the Polish guy gifted oil to one of the Rockefellers for FREE when he could of became a millionaire, there is alot of interesting stuff about that place
pozdrowienia!!
_Mohammed Bin Salman has joined the chat_
Osman Bun Ahmed and George Forros just abondoned the chat due to explicit content
Trump asking more money to build a wall
trace may has just been banded stupid old bitch there server say ..............disconnected
*Elon Musk 🔫 Saudi Arabia*
Elon Musk: you know I had to do it to em
Bone Sawman
"Oil will melt ice caps, hence we can find more oil!"
I hope this man is being sarcastically happy about it and not genuinely happy
Very good presentation and a starter on petrol politics. And thanks also for keeping the trip-hop sound track on low volume. Most geopolitics type videos with trip-hop soundtracks have them cranked. Distracting and annoying! So good job on audio quality.
introduction of Hydraulic fracturing and its consequences deserves a movie on itself
Wow, man. I can't even begin to describe how awesome this video is. I learned everything I needed to know in one video what I could never understand before. It all makes sense now. Thank you.
I love that everyone forgets everything today Is a petroleum product
From plastic water bottles to synthetic fiber for cloth, its not just about gasoline
True. Petroleum is also used in the production process for materials that do not actually contain petroleum such as glass, metals, and lumber. Petroleum is also used in the process of growing and harvesting edible plants, livestock, and cotton and also harvesting fish.
But in the USA, Democrat politicians say that everyone should buy electric cars so we can stop using petroleum.
Humans : Yeeea we've found more oil
Aliens : *Laugh in fusion*
Don’t get between US and it’s oil🤕
Unrelated; Just imagine how rich Venezuela would be if they sold it
MS 37 hmm. It’s almost like they did. But since they’re a socialist dictatorship..
Usa only wants oil and will start a war with anyone who has it in abundance.
Its who they sell it to, is the big issue why the U.S devils are warmongering
MS 37 They did to India... unfortunately india most of what they had bought turned out to be just dud assets and the rest where not to be drilled by the Chevase govt... it is still under litigation
@@theluftwaffle1 "socialist" ok lol
*United states wants to know your location*
lol
@@georgemelo2443 Woooooooooosh
LMFAO😂
"Just send me message....like, location"
your data is more valuable than oil 2024!
This shows so clearly the timing of wars relative to oil. We are on the cusp of transportation making a huge switch to battery tech. Want to know where future wars may be, where is the Lithium?
China, India, and literally 1 lithium mine in the USA owned by a Chinese company. It's super rare and unless new tech is invented there wont be enough
@@MrJoshcc600 There is more than enough THORIUM-232 in the world for several thousand years... we don't need to burn oil to power our homes and businesses... just saying.
In the next 20 years we won’t be using lithium anymore anyway,
*USA has joined the chat*
*CIA has joined the chat*
*US Military has joined the chat*
*Democracy has joined the chat*
*Oil has left the chat*
*Developing_Country has left the chat*
It's baby killin' time!
corruption has joined the chat
socialism has joined the chat
capitalism has left the chat
communism has joined the chat
poverty has joined the chat
a_dictator has joined the chat
FREEDOM has left the chat,
Sanctions has joined the chat
Alex 1218 : need more info
Wonder why Iran is still pissed here’s why
When you forcibly nationalize foreign oil companies, some countries get pissed.
@@ghr1990 I am not particularly fond of nationalizations either, but wasn't it Iran AKA Persia which was pissed deliberately by foreign oil companies in the first place? The root cause was that Iran had the oil, but only the UK and the US ("the West") had the technology and interest to make use of it. Which is a fatal conflict of interest to this day. Valid for any oil producing country.
They’re still screwed over by sanctions
@@jangelbrich7056 This is the problem. A lot of countries sitting on the biggest deposits but don't have the Companies, the Markets or even the military to protect it. but they do have terrorism.....
@@Davo-007 You seem to be implying that war, killing, and destruction (on foreign soil) is acceptable when it's done by a military/government instead of by terrorists.
I have discovered this amazing YT channel and totally loving the content - Please don't stop making videos - Allthe best