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Precious Treasure

Buried treasure… no other commodity in man's history has generated the extent of global wealth than nature's treasure known as petroleum…

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Petroleum is a naturally occurring, yellow-to-black liquid found in geologic formations beneath the Earth's surface, which is commonly refined into various types of fuels.

 

Petroleum in an unrefined state has been utilized by humans for over 5000 years. Oil in general has been used since early human history to keep fires ablaze, and in warfare.

 

Petroleum is used in manufacturing a wide variety of materials, and it is estimated that the world consumes about 90 million barrels each day.

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Current Price (WTI) = US$102.20/barrel …

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Uploaded on February 23, 2014
Taken on February 22, 2014