Historical perspectives on the global petroleum economy
Journal: Edward Elgar Publishing eBooks
Year: 2023

Stretching over 150 years, the global petroleum industry commenced in small town USA, developing into a multi-trillion, multijurisdictional, international industry, with the power to drive wars, strategic alliances, and national agendas. This chapter provides a historical perspective on the oil and gas industry. Not confined to examining the historical development from a strictly chronological approach, this chapter places these developments within an economic context, examining drivers of, and