Gasoline crisis Essay Example | Topics and Well Written Essays - 2000 words

Gasoline crisis - Essay ExampleThis is regardless of whether there is a true shortage, or if its just panic buying that takes hold. Dont be surprised to see gas pedal rationing being put in place as soon as this occurs, whether it is imposed by the retailers, or by the government. Dont be surprised to see long lines at the pumps, a la 1972. (The Coming Gasoline Crisis). This paper go out deal with the gasoline crisis and it will compare the price of production of Gasoline to Ethanol in order to suggest a solution to this problem. The conclusion will sum up the major points of the paper.There is no question that oil, or petroleum or gasoline, is a precious commodity that built a lucrative industry. The entire trade revolving around oil from geographic expedition through extraction and processing to retail is definitely one of the biggest businesses if not the biggest. Oil, as we know it, is a rather young industry. It is, however, all-encompassing. Not only do we use it for tran sportation but we use it to essentially run the whole economy. Our present industries are fueled by oil and it is this function that saw the immense leap in the age of Industrial Revolution and had the world careening towards technological breakthroughs at unprecedented rates. narration can tell us that much.To understand how oil came to dominate so much of our lives, it may be best to look as far back to historys memory of it. The Earth neat for us the fossil fuels that we convert to oil, the result of photosynthesis of perhaps 300 to 350 million years ago, when plant and living creature material were buried deep in the Earths crust. The petroleum industry kicked off when tar, distilled from petroleum, was use to pave the streets of Baghdad in the 8th century. Then in the 9th century, naphtha was produced from the oil field of Baku, Azerbaijan and Muhammad ibn Zakarya Rzi produced lamp oil from distilled petroleum for use on lamps (Bilkadi,