Oil Is Discovered in the Middle East - Research Article from Science and Its Times

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Oil Is Discovered in the Middle East

Overview

Petroleum has become steadily more useful and valuable since the first oil well was drilled by Edwin Drake (1819-1880) in 1859. The first major oil fields were discovered in Pennsylvania and Ohio, with major strikes in Texas and Oklahoma to follow in 1901. Shortly after, the first oil concessions in Persia (now Iran) were granted, and the race for Middle East oil was on. Since that time, the discovery and exploitation of oil in the Middle East has had a profound influence on modern society and politics. Oil created vast fortunes and industrial empires, launched at least one war, promoted the widespread use of petroleum, gave birth to OPEC, realigned twentieth-century politics, and much more. It's safe to say that the huge reserves found in the Middle East played a tremendously important role in shaping the world...

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This section contains 1,315 words
(approx. 5 pages at 300 words per page)
Buy the Oil Is Discovered in the Middle East Encyclopedia Article
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