The Oil Century: How Oil Transformed America

The autumn of 1908 was a landmark moment in America’s car industry. In September of that year, William C. Durant founded the company that would later become General Motors. Not even a month later, Henry Ford launched the Model T—the very car that heralded the era of the U.S. mass automobile market. The United States pumped 488,000 barrels per day (bpd) of crude oil that year, and the oil was mostly used in refining to produce kerosene for lamps, the U.S. Energy Information Administration (EIA) said on Tuesday in an overview of the domestic energy supply and demand of the past century. The year 1908 was 49 years after Edwin Drake had struck oil in Pennsylvania with the first commercial well in the country.

READ MORE

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.