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Home > Forums > The Open Forum
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The market created oil companies and will also create their alternatives.

Author: iairishcheeks (27322 Posts - Original UHND Member)
Posted at 11:20 am on Feb 10, 2019
View All

I saw a documentary once, I watch a lot of docs, so I can't remember where this came from, but here's the gist:

In the mid 1800s we were burning whale oil in our lamps and because we were killing whales for whale oil faster than whales could replenish themselves, a market emerged to find an alternative to whale oil. An inventor was able to create a substance from coal which burned much better in the lamps than the whale oil, he called it kerosene. Later another inventor was trying to figure out what to do with this tar-like substance that existed on the surface in places like Pennsylvania and discovered the process for converting oil into kerosene. When making kerosene from oil there was a by-product that originally they just threw in a hole and tossed a match to. This substance was basically what we now call gasoline.

Fast forward to the invention of the internal combustion engine. Originally ICEs were designed to run on ethanol, but due to the limited amount of ethanol available and the excess of this gasoline substance they were re-designed to use gasoline and what was originally a byproduct of the primary use, kerosene, became the primary use for oil.

So you see, the market created the oil companies, not the other way around.

As far as politics go, the fact that we will outgrow the use of fossil fuels is indisputable. So the question becomes should we let the market create alternatives, the conservative approach or create alternatives through taxes and subsidies, the liberal approach? I am somewhere in the middle. As we continue to shutdown coal plants in the US, it makes coal cheaper for China that is putting up more and more coal plants. Doesn't really solve the problem of emissions that our myopic environmentalists think they are. The atmosphere doesn't care whether the air pollutants from burning coal came from a power plant in China or one in the US. But on the flip side, we should continue to fund research into alternative forms of energy. Not because we hate oil companies, but because we will run out of oil.


Replies to: "The market created oil companies and will also create their alternatives."

  • I’ll give you an oil company perspective on Climate Change. Not for the weak. - PBHangingChad - 12:13am 2/10/19 (25) [View All]
    • And fossil fuel alternatives are a bad thing? - golfernot - 1:09pm 2/10/19
      • My great grandchildren might have beachfront if they are lucky [NT] - PBHangingChad - 4:15pm 2/10/19
    • The market created oil companies and will also create their alternatives. - iairishcheeks - 11:20am 2/10/19
      • Liberal taxes and subsidies always fail - CC72 - 3:06pm 2/10/19
        • Hemp? - LehighND - 10:41pm 2/10/19
        • Tell that to our ag and petro industries - Chris94 - 6:42pm 2/10/19
          • Whataboutism. [NT] - NedoftheHill - 12:35am 2/11/19
            • No, he’s citing examples of where he feels they haven’t failed. [NT] - Frank L - 10:21am 2/11/19
        • We've been subsidizing the oil industry since WW1. - iairishcheeks - 4:34pm 2/10/19
        • Tell us about trickledown Econ. [NT] - jimbasil - 4:14pm 2/10/19
    • So working at a gas station makes you an "oil guy?" - AlbanyIRISH - 9:34am 2/10/19
    • I must have missed something. - LehighND - 8:30am 2/10/19
      • He just wants to show the dependency we have on oil. How deep/strong this dependency is [NT] - Eli - 2:14pm 2/10/19
        • Exactly. The green movement is being hyped as a solution within the next 50 years in replacing - PBHangingChad - 3:35pm 2/10/19
          • I don't even know what this means - - LehighND - 10:38pm 2/10/19
            • "Mistakes were made'... [NT] - TakethetrainKnute - 8:43am 2/11/19
          • That's fine, but oil is a finite resource. - AlbanyIRISH - 5:49pm 2/10/19
            • Then the climate starts to cool down? [NT] - NedoftheHill - 8:45pm 2/10/19
            • Hydrogen, stop by any ocean with a bucket and drive on. [NT] - PBHangingChad - 6:01pm 2/10/19
      • Enjoy your first day without oil...you weak, weak man. [NT] - TakethetrainKnute - 12:04pm 2/10/19
    • Re: I’ll give you an oil company perspective on Climate Change. Not for the weak. - Rooster - 1:13am 2/10/19
    • Using oil goes beyond energy needs. Its byproducts: plastic, clothing, aspirin...are our basic needs [NT] - Eli - 1:02am 2/10/19
      • Don’t tell Ocasio-Cortez or her moron Columbia law professor advisor [NT] - CC72 - 3:08pm 2/10/19
    • That’s actually an oil company perspective on the importance of having energy - Chris94 - 12:29am 2/10/19
      • You must have a strong constitution. - LehighND - 8:32am 2/10/19
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