PETROLEUM DERIVATIVES. “Until quite recently petroleum has been regarded solely as source of liquid fuel, burning oils, lubricants, wax and pitch. It occupied much the same position that coal did before the discovery of benzene and its valuable derivatives gave rise to the vast coal-tar industry of to-day. In fact it is possible that history will repeat itself and, before many years have passed, the petroleum byproducts industry compare with the coal-tar industry in importance.””
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