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Period: to
Time Line Of Oil
Time Line of Industrial Revolution Oil to actually times. -
The processing of oil
In the eighteenth century thanks to the work of G. A. Hirn, refining methods began to be refined, obtaining derivative products which were mainly used for greasing machines. -
The first well of oil
The first perforated well was found in Ohio (USA, 1859). -
First discovery of oil in Mexico
Antonio del Castillo, a mining engineer, runs one of the first drilling in Mexico to obtain oil. The perforated well was had a depth of 70 meters and cast a mixture of water and good quality crude oil. -
Rudolf Diesel has created the diesel
The diesel engine was invented by the German engineer Rudolf Diesel, because of the great impulse of the oil industry. -
The big first production of oil
The Dos Bocas well in San Diego de la Mar, Veracruz, belonging to the S. Pearson & Son, sprouts unexpectedly with an unprecedented force of 100 thousand barrels per day. The well was showed the country's oil wealth. -
Crisis has been increased
The production crisis and the fall in international prices was led companies to reduce their production rate to a minimum and concentrate on the domestic derivatives market, pending further price increases. -
New discoveries of oil and gas in areas of Mexico
New discoveries of oil and gas in the producing areas of Tampico, Reynosa and Poza Rica. Five gas fields are located in Nuevo Laredo and the first finds are made in the geological areas of Chiapas and Tabasco that would have to be the most prolific. -
Mexico suffered a crisis
Despite the increase in oil production and exports, the government wAS allocated the bulk of PEMEX's resources to pay for the deficits of the Ministry of Finance and Public Credit, which failed to carry out a tax reform and accentuated its dependence on Revenues to more than 30% of total -
The price of gasolin was increased
The international oil market faces a series of circumstances that caused high volatility in oil prices, at levels that had not been in place since the 1980s. The war in Iraq and other international conflicts were the root cause of volatility.
