Vegetable oil designed his engine to run on peanut oil. Other significant triglyceride oils include: Such oils have been part of human culture for millennia. Poppy seed, rapeseed, linseed, almond oil, sesame seed, safflower, and cotton seed were used since at least the bronze age throughout the Middle East and Central Asia. In 1780, Carl Wilhelm Scheele demonstrated that fats were derived from glycerol. Thirty years later Michel Eugène Chevreul deduced that these fats were esters of fatty acids and glycerol. In modern times, cottonseed oil was marketed by Procter & Gamble as a creamed shortening in 1911. Ginning mills were happy
World oil market chronology from 2003 two major oil suppliers reducing supply generated fears of a repeat of the 1973 oil crisis. The mid-July decision of Saudi Arabia to increase oil output caused little significant influence on prices. According to the oil minister of the Islamic Republic of Iran, Gholam-Hossein Nozari, the world markets were saturated and a Saudi promise of increased production would not lower prices. Several Asian refineries were refusing Saudi petroleum in late June because they were over priced grade. On July 3, "the Brent North Sea crude contract for August delivery rose to $US145.01 a barrel" in Asian trade. London Brent crude