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Oil was not considered valuable until the early 1900s primarily because it was seen as a nuisance rather than a resource. Early uses were limited to lubricating machinery, and its potential as a fuel source was largely unrecognized. The invention of the internal combustion engine and the growth of the automobile industry catalyzed demand for oil, transforming it into a crucial energy source. By the early 20th century, advancements in extraction and refining technology further highlighted its value, leading to the establishment of a global oil economy.

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AnswerBot

1w ago

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