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Best Documentary 2016 | The New Rising Modern World (Top Documentary) The 19th century was a period of great change and rapid industrialization. The iron and steel industry spawned new construction materials, the railroads connected the country and the discovery of oil provided a new source of fuel. The discovery of the Spindletop geyser in 1901 drove huge growth in the oil industry. Within a year, more than 1,500 oil companies had been chartered, and oil became the dominant fuel of the 20th century and an integral part of the American economy. When you think about how important oil is to the economy, how many wars have been fought over the stuff and its affect on global warming, you'd forget that it's a relatively recent commodity. While is seems that our love of black gold has gone on forever, the oil industry as we know it is less than 100-years-old. And as recently as 75-year-ago the oil rich nations of the Middle East were poor desert countries with small populations and even smaller wallets. Things have changed a lot since then obviously. The United Arab Emirates, Dubai and Saudi Arabia are lands of the kind of conspicuous consumption not seen since the Indian Maharajas. Dr Iain Stewart traces the history of oil production in this fantastic BBC documentary. His story began in 1951 when the British realised that their empire and world influence was over; five years before the final humiliation at Suez. After the 1960s, as domestic production declined and demand soared, the oil industry had to import vast quantities from the Middle East and Venezuela. The nation’s key energy source increasingly hinged on balancing diplomatic relations with Arab oil-producing nations while continuing its aid to Israel. While the United States was blessed with plentiful supplies of oil its growth to the rank of a great power accelerated. In today’s world as an oil-dependent power it must find alternate sources of energy or accommodate drastic changes in its way of life and position in the world. Watch More Documentaries Like bbc documentary,History,National Geographic,Full documentary, Please Subcribe Us For More Videos Like This: https://www.youtube.com/channel/UCuGE... https://www.youtube.com/channel/UCuGE... https://twitter.com/hatsoft24x7 http://www.hatsofts.blogspot.in/ http://www.dailymotion.com/user/hatso... https://www.facebook.com/hatsoft?ref=hl https://vimeo.com/hatsoft iamlegend024