Petroleum Marketers, Inc. history

But when Unocal announced it was pulling out of the Southeast in 1992, this provided an ideal opportunity for a group of independent petroleum marketers to purchase and resurrection of the PURE brand and Firebird trademark, which Unocal had long since abandoned. It was 1965 when the Union Oil Company of California (Unocal) purchased PURE Oil, converting PURE branded sites to the Union 76 brand.

Finally, the current volatile era of oil prices began in 1970 with the Arab Oil Embargo, the formation of OPEC, the evolution of hydraulic fracturing, and lasts to today.

NASM was originally incorporated in Georgia on July 19, 1974 as a nonprofit corporation.

Originally known as the “Georgia-Florida Consignee’s Association, Inc.”, the Association adopted the name “National Association of Texaco Wholesalers, Inc.” on May 19, 1976.

But when Unocal announced it was pulling out of the Southeast in 1992, this provided an ideal opportunity for a group of independent petroleum marketers to purchase and resurrection of the PURE brand and Firebird trademark, which Unocal had long since abandoned.

1997 – Hydraulic fracturing (fracking) proliferates after the Mitchell Energy Company perfects the technique making it economically feasible.

Hugo Chavez’s decision in 2007 to abandon production agreements and other forms of collaboration with IOCs in Venezuela has tightened control of PDVSA’s (The National Oil Company of Venezuela) current production and access to reserves by the government.