The Petroleum Industry – History Terminology and Culture

By the end of this course you will be able to: Identify historical and modern perspectives of crude oil. List the seven major oil companies referred to as the Seven Sisters. Differentiate between the terms petroleum natural gas heavy oil and tar sand bitumen. Identify key events in the emergence of the Middle East as a major provider of oil. Identify trends in the use of petroleum. Explain the rationale behind the costs and prices of oil.