A Brief History of the Oil Industry
For more than a century, the oil industry has influenced economies, transformed societies, and spurred technical innovation. Considered “black gold,” oil has been a geopolitical instrument as well as a basic resource fueling everything from daily transportation to industrial development. Groundbreaking discoveries, technological advancements, and the rise of global corporations have characterized the evolution of the oil industry. The oil industry is at a crossroads right now, with rising demand …