Question

Why did the demand for oil
rise in the mid-1800s?

Answer 1

The 19th century was a period of great change and rapid industrialization. The iron and steel industry spawned new construction materials, the railroads connected the country and the discovery of oil provided a new source of fuel. The discovery of the Spindletop geyser in 1901 drove huge growth in the oil industry.

Answer 2

As crises do petróleo podem ser provocadas por conflitos no Oriente Médio, que limita a produção e eleva o valor.

Step-by-step explanation: