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This website addresses the affects of globalization on US oil and production.
This website hopes to prove how over several decades the United States,
namely Oklahoma, has lost much of the oil market to overseas competitors.
This shift in the market is mainly due to the vast amounts of oil found
in the middle east, (which would later organize into and organization
known as OPEC) as well as cheaper labor and less regulation surrounding
oil refining. The time frame has been broken down into three “eras”;
the Gilded Age (c. nineteenth century), the modern era (c. 1950s-1970s),
and finally the post modern era (c. 1990s-2000). During the Gilded
Age, Oklahoma oil production was at its height, (with the exception of
the dust bowl in the early twentieth century). But as time wore
on, and the market expanded to overseas producers, Oklahoma and the nation
slowly lost footing in the area of production and exportation of crude
oil and its products. Along with this loss of oil to exports, jobs
and homes were also lost in the shift. Because of this shift, towns
that were once bustling busy towns with the hopes of becoming large metropolitan
areas, have turned into quiet, small communities, losing large corporations
and other business opportunities due to this loss in oil production.
Photo
courtesy of the Oklahoma Energy Resource Board. <http://www.oerb.com/mission/progress.asp>
- Photo at the top
of the page courtesy of the Oklahoma Energy Resource Board. <http://www.oerb.com/OGIndustry/industryHistory.asp>
- This Website was
prepared by Adrienne Bush & Natalie Shamblin
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