By how much money the company were getting in return, which ever company that owns the automobiles. To make sure they keep selling it for the economy to require it.
oil and gas
the automobile industry
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the increase in automobile ownership stimulated the oil industry.
The automobile industry, for one, is heavily dependent on oil.
The oil industry
Oil change
The invention that changed the oil industry was the internal combustion engine in the use of automobiles. In 1900 there were about 8,000 registered vehicles. in 1920. there were 23 million cars. Gasoline was needed to fill them all.
They lost millions of dollars
Love
The invention of the light bulb significantly impacted the oil industry by reducing the demand for kerosene, which was widely used for lighting before electric lighting became prevalent. As households and businesses transitioned to electric lights, the market for kerosene diminished, leading oil companies to seek new applications for petroleum products. This shift spurred innovation and diversification within the oil industry, ultimately paving the way for the development of gasoline and other petroleum-based products for transportation and industry.
The discovery and utilization of petroleum, particularly in the form of gasoline, directly facilitated the rise of the automobile industry. Gasoline became the primary source of energy to power internal combustion engines in cars, enabling their widespread adoption and fueling the growth of the automotive industry.