Edwin Drake and his Oil Well
Biography of father of U.S. oil industry reaches total depth.
In August 1859, the man who would launch America’s petroleum industry was down to his last pennies — and a letter was on its way to “Colonel” Edwin L. Drake telling him to cease drilling at Titusville, Pennsylvania. Investors in the first oil company wanted him wanted out.
“As far as the company was concerned, the project was finished,” notes historian William Brice, PhD, in his 2009 biography of Drake, a former railroad conductor. “Fortunately that letter was not delivered until after they found oil.” (more…)
