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Unformatted text preview: um drilling rights. (BP, to its credit,
no longer trumpets this slogan, which defaults BP back to the implicit original, British Petroleum.) Chevron’s mega-PRcampaign, “We Agree,” features 10 empty slogans, not one of which expresses pride in producing oil, and some of which
are downright offensive. “Oil companies should think more like technology companies,” the campaign says–as if the ability
to extract the greatest portable fuel known to man from once-useless shale rock 10,000 feet below the surface of the Earth is
not a technological achievement. This kind of posturing is self-defeating–no one believes that oil companies are anything
other than oil companies. And it is a disservice to both their industry, which does not deserve flagellation (except when they
rent-seek or engage in self-flagellaton), and to the American people, who desperately need to know the positive importance
of the oil industry in their lives. We should never forget that the oil industry, whatever its problems (and most of those are
caused by bad government policies) is the single most vital industry in the world. It has revolutionized agriculture; without
oil and natural gas-based agriculture, we would not have the fertilizers, tractors, and transport that enable farmers to feed a
record 7 billion people with the lowest malnutrition level in history. In other words, the oil industry solved world hunger.
Wouldn’t that be profitable to point out? The oil industry has revolutionized health care. Every hospital lives and dies based
on just-in-time transportation of supplies, sanitary plastic devices and disposables, and petroleum-based pharmaceuticals .
Without hydrocarbon-based synthetic pesticides, the U.S. would still be cursed with insect-borne diseases , such as malaria,
which afflict much of the undeveloped world. Wouldn’t that be profitable to point out? I could multiply the examples to
every other industry, because every other industry benefits in proportion to the availability of cheap, plentiful, reliable,
portable fuel–and that is what the oil industry works every day to bring to us. The benefits of oil are all around us. If most
Americans truly understood these benefits, they would surely have a different view of the industry. They would think more
like 1920s best-selling author Bruce Barton, who said, “My friends, it is the juice of the fountain of eternal youth…. It is
health. It is comfort. It is success.” 141
Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 Oil Key – Russia Budget 142 Oil DDW 2012 1 Oil export price increases are critical to keeping Russian expenditures
Kramer and Herszenhorn 6/23/12
[Andrew E. Kramer, foreign policy contributor to the New York Times, and David M. Herszenhorn political journalist for the New
York Times, http://www.nytimes.com/2012/06/24/world/europe/former-russian-finance-minister-warns-of-recession.html?_r=1
ST. PETERSBURG, Russia — President Vladimir V. Putin was all swagger last week at the annual eco...
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