Skip to content

Prof. Boerner's Explorations

Thoughts and Essays that explore the world of Technology, Computers, Photography, History and Family.

Archive

Tag: Petroleum
Edited by Gerald Boerner

 

    

Commentary:

JerryPhotoIn the 19th century, we saw remarkable advances in transportation in this country with the opening of the Erie Canal , the transcontinental stagecoach, and the Oregon Trail. In the 20th century, we saw the development of the automobile and airplane; both of these developments required petroleum to be refined into lubricating oil and gasoline. By the mid 1900s, the easy sources of these petroleum reserves have been tapped. The U.S. became dependent on imported oil and the discovery of new sources became more difficult.

Within this context the discovery of the north-slope petroleum reserve in Prudhoe Bay in Alaska. The problem was getting that crude oil to Valdez for shipment to the lower 48 states. This challenge was solved by the building of the Trans-Alaskan Pipeline. This became a modern engineering feat which U.S. industry solved to deliver the needed oil to American consumers and industry.

Valdez_Alaska_1

“The Alaska corporation commonly known as Alyeska Pipeline Company was founded in 1970 to design, construct, operate and maintain a pipeline to transport oil from the fields on the North Slope of Alaska where oil was discovered in 1968 to an ice-free deep-water port in Valdez, AK. The pipeline was built between March 1975 and June 1977, running from the North Slope fields at Prudhoe Bay to the Marine Terminal at Valdez on Prince William Sound. Alyeska then went on to operate and maintain TAPS. The first oil flowed into the pipeline on June 20, 1977 and the first tanker load departed from Valdez on August 1, 1977.”  (Wikipedia)

So let’s get on with our exploration of this engineering success story…  GLB

These Introductory Comments are copyrighted:
Copyright©2011 — Gerald Boerner — All Rights Reserved

[ 4042 Words ]
    

   

Quotations Related to PIPELINE:

    

“I’d like to work with the missus, but there’s nothing in the pipeline at the moment.”
— Guy Ritchie

“Well I’ve got lots more great TV projects in the pipeline.”
— Lisa Snowdon

“One of the attractive things about being in Scotland is that we have a very good pipeline of new people coming into the company from the excellent universities around us.”
— David Milne

continue reading…

Edited by Gerald Boerner

 

Commentary:

JerryPhotoAt the end of the 19th century our country saw the rise of industrial tycoons such as John D. Rockefeller. He founded the  Standard Oil Company refine and distribute petroleum products. However, he created a monopoly in this industry to control prices, distribution, and transport of these products. Why? To prevent competition from independent producers. At this he was successful to a fault.

When Teddy Roosevelt became president, he launched a campaign of trust-busting. He began strict enforcement of the Sherman Antitrust Act that had been enacted in 1890. Rockefeller was his first target an the monopolistic Standard Oil Company of New Jersey controlled by Rockefeller. This company was found by the Supreme Court upheld the guilty verdict and the company was broken up into many companies whose names were household words until the recent rash of mergers.

We are better off today with competition rather than the control of consumable resources by a few. Perhaps the monopoly was good in the initial development of an industry, but competition helps to refine the industry. Such is our exploration today.

So, let’s get our exploration started…  GLB

These Introductory Comments are copyrighted:
Copyright©2010 — Gerald Boerner — All Rights Reserved

[ 4100 Words ]
    

   

Quotations Related to FINANCIAL:

    

“And a musician has to learn to be frugal and to carefully manage financial affairs.”
— Charlie Byrd

“A second reason why science cannot replace judgement is the behavior of financial markets.”
— Martin Feldstein

“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.”
— Suze Orman

continue reading…

Edited by Gerald Boerner

 

Commentary

Due to injury, this commentary will be added later. Please check back. Thank you.  GLB

These Introductory Comments are copyrighted:
Copyright©2010 — Gerald Boerner — All Rights Reserved

[ 3459 Words ]

   

Quotations Related to O.P.E.C.

“Petroleum is a more likely cause of international conflict than wheat.”
— Simone Wells

“The Christians had a better chance against the lions than the American consumer has against the OPEC cartel.”
— Ed Markey

“Instead of begging OPEC to drop its oil prices, let’s use American leadership and ingenuity to solve our own energy problems.”
— Pete Domenici

continue reading…