Importance of crude came into dominance only in the 20th century wherein a wide number of jobs in a more civilized world became dependent on oil. History of crude has followed places where it has been discovered and resulted in changing the economic paradigm of these regions forever.
It was first in the mid 19th century when in the region of Pennsylvania crude was discovered for the first time. It was during this time the marketing pundits of that era began speculating on how big this discovery could mean to mankind. On the other hand there was also a school of thought which not gave » Read more: Crude Oil Industry – A Historical Perspective
