Section 49

Business

The category entitled Business includes milestones involving companies and other business organizations with energy-related activities, and also business ventures in energy by individual entrepreneurs. This subject area is closely related to the preceding section Economics.

The first significant energy business involved the mining, transportation, and sale of coal. The coal industry originated in Great Britain, especially in the Newcastle area of northern England. (This became the source of the expression “carrying coals to Newcastle” to describe a needless activity, since coal already could be found there in such abundance.) The U.S. coal business began in the mid 1700s, and was located mainly in the Appalachian region, where ...

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