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Standard Oil refinery in Cleveland, 1899. Ohio was a world leader in oil production in the late 19th and early 20th centuries. The Ohio oil and natural gas industries employ 14,400 citizens, resulting in $730 million in wages. The industries paid $202 million in royalties to landowners, and $84 million in free energy. [7]
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Pure Oil Company was a major American petroleum company founded in 1914. History. Early history Postcard showing a Pure Oil station and a lunch counter, ca. 1930-1945
On Oct. 5, the Organization of the Petroleum Exporting Countries (OPEC) and its oil-producing allies that comprise OPEC+ announced they would be cutting oil production by two million barrels a day...
In 1959, Marathon Oil, then known as the Ohio Oil Company, purchased the chain and in 1962 converted its outlets to the Marathon brand. [ 9 ] As self-service fuel became legalized in many states, in May 1975 Marathon decided to use "Speedway" (without the "79", as 87 octane had become the standard at this point) at higher-volume self-service ...
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