TIL Petroleum Jelly was first discovered when a chemist visiting an oil rig noticed that the workers would smear the wax that built up on the drills and rigs on their wounds to heal them faster. He figured out how to refine it and started selling it under the name Vaseline.
Nigeria is seizing back one of Africa's richest oil blocs and will prosecute petroleum giants Shell and Eni in a $1.2 billion corruption scandal, according to court documents released on Thursday.
Researchers found that petroleum-based chemicals used in perfumes, paints and other consumer products can, taken together, emit as much air pollution in the form of volatile organic compounds as motor vehicles do.
Offshore Oil Well Leaked for Months, Public Kept in Dark for a Year: Australia's oil regulator is refusing to disclose the location and the company behind a 10,500 liter leak of petroleum into the ocean last year.
TIL that rechargeable electric cars existed and were quite popular in the late 1800’s. Worldwide discoveries of large petroleum reserves and road infrastructure that required longer driving time led to their decline.
TIL about The Government Pension Fund of Norway, the world's largest sovereign wealth fund. It was established to invest the surplus revenues of the Norwegian petroleum sector. Today it has over 1 trillion USD in assets, including 1.3% of all global stocks and shares.