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The Age of Oil, [1] also known as the Oil Age, [2] [3] the Petroleum Age, [4] [5] or the Oil Boom, refers to the era in human history characterised by an increased use of petroleum in products and as fuel.
According to the book, the age of oil is ending. [3] Oil supply will shortly begin to decline, precipitating a global crisis. [3] Even if coal and natural gas are substituted for some of the oil, human civilization will start to run out of fossil fuels by the end of the 21st century. [3]
In 1992, Wright founded Pinnacle Technologies, a company involved in commercial shale gas production through fracking and served as its CEO until 2006. He was also chairman of Stroud Energy (current Stroud Exploration Company), [6] another company involved in the production of shale gas, before he sold the company in 2006. [5]
Oil field in California, 1938. The modern history of petroleum began in the nineteenth century with the refining of paraffin from crude oil. The Scottish chemist James Young in 1847 noticed a natural petroleum seepage in the Riddings colliery at Alfreton, Derbyshire from which he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a thicker oil suitable for ...
Organizations like OPEC have played an outsized role in international politics. Some historians and commentators have called this the "Age of Oil" [161] With the rise of renewable energy and addressing climate change some commentators expect a realignment of international power away from petrostates. [citation needed]
The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas.
Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. ... the Age of Energy 1899–1959. Vol. 2.
Due to the firm's age, [citation needed] Carless retained the legal rights to the term and to the uppercase spelling of "Petrol" as the name of a petrochemical product. [12] British refiners originally used "motor spirit" as a generic name for the automotive fuel and "aviation spirit" for aviation gasoline. When Carless was denied a trademark ...