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Archive for the ‘Extra Credit Reading Reflection #2’ Category

The petroleum industry just got lucky.  The fact that they are even around today is due to the inventions of innovation that was created outside the oil industry.  They started out as pharmaceuticals and then as oil in kerosene lamps, competing against gaslight.  But then Edison invented electricity, which should have eliminated the petroleum industry altogether.  However, because of the rise of kerosene lamps being used in space heaters, oil stuck around. (more…)

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