This study examines how the several major industries, associated with a carbon artifact production, essentially belong to one, closely knit family. The common parents are the geological fossils called petroleum and coal. The study also reviews the major developments in carbon nanotechnology and electrocatalysis over the last 30 years or so. In this context, the development of various carbon materials with size, dopants, shape, and structure designed to achieve high catalytic electroactivity is reported, and among them recent carbon electrodes with many important features are presented together with their relevant applications in chemical technology, neurochemical monitoring, electrode kinetics, direct carbon fuel cells, lithium ion batteries, electrochemical capacitors, and supercapattery.