Oil

Boom
The maximun time of exportation of
petroleum in Ecuador
 Defintion
The oil boom was
when Ecuador was
experiencing the
maximun demand of
oil exportation
When it stared?
The oil boom stared on 1972. This happened because the
price of the oil barrel increase it value that reflects a
46.9% of money more than the other years. Also the
opening of the pipeline transecuatoriano improved this.
With the money that Ecuador receives the cities start to
grow.
 Texaco
The Texaco oil company created on 1902 in the United
States ,was one the first pretroleum companys doing treats
with Ecuador to exports
it petroleum.
 What Oil is used for?
The Oil is used for many thing but mainly for:
• Gasoline
• Industrial Energy
• Heating
• Ilumination
• Gas
• Lubricants
• Petrochemistry products
 How the Oil afects the nature enviorment?
The Oil in general always had afect the nature since is
found there but when the people start to extrating it, the
pollution this causes increase. Some especific facts about
this are :
• Ecological risk: oil extraction carries a
great ecological and environmental risk.
• Oil spells: When start to mobilize it they
spell some of it in the oceans, rivers, natures
etc.
• Oil spills produce an alteration of the original substrate
in which plant species are implanted, leaving soils
unusable for years.
• Oil is deadly to animals even with minimal contact
• Directly affects soil, water, air, and fauna and flora
 The bad things of the oil boom
• Oil causes wars because the oil disputes, to ge it some
examples are:
• Siria and Irak, 2011 to the present
• Irak invasion, 2003
• The first war of Golfo, 1991
• Coup of Iran, 1953
• De oil boom increase the external debt
 The good things of the oil boom

• With the money increases the government make the

cities grew and also build all the cities infrastructure
• Also with the money they get they build more
workplaces and there are more jobs.
• Also they build hospitales, school and things like that to
improve the cities infrastucture.
 tHE Petrodollars

The petrodollars are the money

that someone gets with the
sailing of oil. The petrodollars
increase in Ecuador because
Ecuador export more Oil and it
get more petrodollars.
 tHE END OF tHE OIL BOOM
The oil boom end on 1989 because the other countries start
to start export oil and also because of a revolusion of the
ecological risk this produce.
The end
 Written by:
Samantha Venegas
Camilo Andrade
Agustina Quevedo
Ezequiel Tejada
Domenica Rivadeneira