For being only 157 years old, the oil and gas industry sure spawned a handful of important historical events that shaped political landscapes, economies, and the environment itself.
In short, there has been death, wars, booms, and revolutions because of oil. Knowing this, we condensed years of drama to bring you a list of the top five most important events in the oil and gas industry of the past two centuries.
Here they are:
1859 – Edwin Drake Drills For Oil
Not everybody believed in Edwin Drake. After receiving funding to drill for oil in Pennsylvania, Drake had fields of people visiting to make fun and jeer at his operation. Even though the original funders pulled their investment money, he persevered and struck oil with a revolutionary method of drilling, along with help from new investors. This was the beginning of an industry.