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This paper examines the negative and positive externalities of the oil industry. It shows that utility is the main positive externality, and pollution and economic disruption the negative ones.
From the Paper:"I have chosen to research the oil industry and analyze any negative or positive externalities it produces. Since the invention of the internal combustion engine and its application in transportation and other technologies at the beginning of the ... th century, the positive externalities of oil production have been obvious to everyone. Airplanes, automobiles, ships and trains powered by fuels derived from petroleum have radically transformed life in all but the few backwaters unaffected by modern technology. Innumerable new products and technological processes derived from oil have..."
Cite this Analytical Essay:
Oil Industry (2008, December 01) Retrieved January 26, 2021, from https://www.academon.com/analytical-essay/oil-industry-122648/
"Oil Industry" 01 December 2008. Web. 26 January. 2021. <https://www.academon.com/analytical-essay/oil-industry-122648/>