Exploration for hydrocarbons (oil, gas, and condensate) is commonly acknowledged to have begun with the discovery at Oil Creek, Pennsylvania, by "Colonel" Edwin Drake in 1859. However, this was only the start of the modern global era of...

The petroleum industry operates on the petroleum market. Petroleum is vital to nearly all other industries, if not industrialized civilization itself, and thus is critical concern to many nations. Oil accounts for a large percentage of the world’s...

An analysis of the results of surveys conducted by the Energy Information Administration revealed several aspects of the petroleum industry for Jan. 1997. It was revealed that 18.2 million barrels per day of petroleum products were used for domestic applications during the period. Of...

Definitions of Petroleum Products and Other Terms Alcohol. The family name of a group of organic chemical compounds composed of carbon, hydrogen, and oxygen. The series of molecules vary in chain length and are composed of a hydrocarbon plus a hydroxyl group;...

The chairman of a Chinese private oil company association has been detained for suspected economic crimes, a company controlled by the tycoon said Tuesday.Gong Jialong, chairman of the Great United Petroleum Holding Co., was detained by police amid an investigation into unspecified economic crimes, Tianfa...

<b>MewithoutYou: Philadelphia-based band gives the finger to the petroleum industry by filing up on veggie oil</b>As a gas prices skyrocket, so does the cost of a band’s cross-country tour — unless you’re mewithoutYou, a band that uses vegetable oil to fuel its bus. The Philadelphia-based...

Provides a history and economic overview of the oil industry. Explores the influence the industry has on world events.