Addiction to Oil

Whale Oil

Jan 1, 1850

Whales are used as the main source of oil in the U.S.

Rock Oil

Jan 2, 1853

George Bissell realizes that "rock oil" could be used as an energy source

Oil Struck

Dec 3, 1859

Oil is first sruck in Pennsylvania

Rockefeller & Standard Oil

Dec 4, 1863

John D. Rockefeller founds an oil refining company that would become Standard Oil

Fodel T Ford

Dec 5, 1896

Henry Ford introduces the Model T - first automobile

Texas becomes America's oil capital

Dec 6, 1901

Oil is discovered in Iran

Dec 7, 1908

Standard Oil Monopoly

Dec 8, 1911

The Supreme Court rules that Standard Oil is a monopoly

Oil discovered in Saudi Arabia

Dec 9, 1938

OPEC is formed

Dec 10, 1960

OPEC embargo

Dec 11, 1973

OPEC institutes a 5 month oil embargo causing a major crisis in the West