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The major oil-producing regions of the U.S.—Texas, Oklahoma, Louisiana, Colorado, Wyoming, and Alaska—benefited greatly from the price inflation of the 1970s as did the U.S. oil industry in general. Oil prices generally increased throughout the decade; between 1978 and 1980 the price of West Texas Intermediate crude oil increased 250 ...
Initial experiments in 1817–1825, which were failures; began to be used widely in 1860s. Simpler, much less labor-intensive manufacturing process. Oil very expensive feedstock compared to coal; prices (and illuminous efficacy per ft 3) double to triple that of regular coal gas. Oil catalytic semi-water gas. (Improved Jones Process) Petroleum oil.
When diesel fuel replaced steam engines in warships, control of oil supplies became a factor in military strategy—and played a key role in World War II. After the dominance of coal waned in the mid-1950s, oil received significant media coverage and its importance on modern economies increased greatly, being a major factor in several energy ...
The FPC at first only regulated the price at which pipelines sold gas to utilities and industry, but later put limits on the wellhead price of gas sold to an interstate pipeline. Gas producers challenged the controls, but lost in the Supreme Court in Phillips Petroleum Co. v. Wisconsin (1954).
Global annual crude oil production (including shale oil, oil sands, lease condensate and gas plant condensate but excluding liquid fuels from other sources such as natural gas liquids, biomass and derivatives of coal and natural gas) increased from 75.86 million barrels (12.1 million cubic metres) in 2008 to 83.16 million bbl (13.2 million m 3 ...
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The question of whether North Carolina should be adding more power plants that are fueled by natural gas instead of relying on renewable energy sources to replace retired coal-fired plants remains ...
MVP Southgate supporters say natural gas would bring energy, jobs to NC. Opponents say it poses environmental risk, unneeded fossil fuels. Federal agency gives proposed NC gas pipeline a key approval.