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Automobile, Banking, Blog, Cars, commerce, development, driving, Economics, finance, Oil and Gas, Petroleum, politics, Public Administration, Russia

The Global Implications of Oil Price Renormalization (Part 3)

Jim McNiven

It has been over 160 years since a commercial quantity of ‘rock oil’ was found. Through much of that time, uses for its refined liquids gradually expanded, from lighting to fuel oil to gasoline and the automobile. Gradually petroleum became the energy source of choice, though coal and natural gas were large competitors. During World… Continue reading The Global Implications of Oil Price Renormalization (Part 3)

Automobile, Banking, Cars, commerce, development, driving, Economics, finance, History, Oil and Gas, Petroleum, Russia, south america, Writing

The Global Implications of Oil Price Renormalization (Part 2)

Jim McNiven

Since shortly after 1859, oil has been subject to attempts to control its price, or should I say the price of its refined product, be that kerosene for lighting or, later, gasoline for autos. The first one to try was John D Rockefeller with his development of the Standard Oil Trust in the 1860s and… Continue reading The Global Implications of Oil Price Renormalization (Part 2)