by David Forest
Casey Research
[…] The world changed forever 135 years ago.
That’s when the first car with an internal combustion engine (ICE) rolled off the conveyor belt.
Back in 1885, this was a major breakthrough – and not just for cars. Eventually, these engines were used in planes and boats as well, allowing people to travel millions of miles across the world.
But all these engines needed fuel to run. That fuel came in the form of oil… and the industry it spawned created a new generation of millionaires and billionaires.