Petroleum Age

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Across
  1. 1. in 2008 this financial group speculates on oil going up and invests in oil, making the price of oil and gas go way up, then it crashes during the recession
  2. 4. the process of getting small deposits out of the ground by cracking it, this eventually makes the U.S. the larger producer again, first time in decades (it is environmentally controversial)
  3. 5. oil is changed using this scientific process
  4. 6. 42 U.S. Gallons equals this of oil
  5. 8. how many years it takes for the oil to exist
  6. 10. U.S. and G.B. meet most of their industrial revolution needs through this fossil fuel
  7. 13. following WWII the U.S. signs an agreement with this country, guaranteeing its security in return for oil
  8. 14. this major war skyrockets oil usage and demand, more than the big one earlier
  9. 15. the U.S. and G.B. secretly try to overthrow this country's leader in order to secure more oil
  10. 17. the century in which oil consumption and drilling explodes
  11. 18. first world leader in oil production
  12. 20. the term that means it reached the highest amount of oil production possible, the U.S. did this in 1972 making U.S. dependant on others for oil
Down
  1. 2. becomes the largest oil producer in 1992 by flooding the market with oil
  2. 3. this is what oil comes from, it is changed from this into hydrocarbons
  3. 7. in 1972 this communist country becomes the largest producer of oil
  4. 8. east the British controlled earlyish on their oil in this region of the world
  5. 9. in 1988 and 1989 this middle east oil country gets such a swtrong military thanks to support, it later becomes a problem for the U.S. (U.S. kinda set up our own problem here)
  6. 11. economic and environmental word. Economically means to place an abundance of supply to control price. In this case, Saudi Arabia did it to make unconventional oil production less or non-profitable so they could control the market. It made gas prices low and keep Saudi Arabia as the largest producer
  7. 12. country that Iraq invades bringing the U.S. into the middle east oil conflict officially
  8. 16. the scientific word for oil
  9. 19. in 1960 5 countries decide to unite their oil production to control more of the market, it still controls and exists much of the oil market today