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In 1919, tax revenue from oil production surpassed $1 million ($17.6 million in today's terms) and in 1929 it reached $6 million ($106 million in today's terms). [ 34 ] [ 95 ] By 1940, the oil and gas industry accounted for approximately half of all taxes paid in the state.
Illinois, Mississippi and Texas: 30,000 2019 Los Angeles Unified School District teachers' strike: 2019 Los Angeles County, California: 30,000 1928 New Bedford textile strike: 1928 New Bedford, Massachusetts: 30,000 1935 Pacific Northwest lumber strike: 1935 Pacific Northwest: 30,000 [82] 1912 Lawrence textile strike or "Bread and Roses" strike ...
Prior to Spindletop, oil was primarily used for lighting and as a lubricant. Because of the quantity of oil discovered, burning petroleum as a fuel for mass consumption suddenly became economically feasible. The frenzy of oil exploration and the economic development it generated in the state became known as the Texas oil boom. The United States ...
Last week cargo giants Maersk (MAERSK-A.CO, MAERSK-B.CO) and German shipment company Hapag-Lloyd said they would pause voyages through the region until further notice.Goldman Sachs analysts ...
The session high was more than $80, highest this year so far. U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.9%, to settle at $72.68, paring gains after touching a 2024 high of ...
The United States Maritime Alliance (USMX), the umbrella group representing the managers of the ports, sought to avert a strike at the last minute late on Monday night – offering a 50% wage hike ...
Shortly after talks between union and oil company representatives ended on the night of the 20th, the union notified Motiva Enterprises of a strike by its members at the company's 600,250-barrel-per-day (bpd) refinery in Port Arthur, Texas. [7] Port Arthur Refinery (Motiva Enterprises), Port Arthur, Texas
The Texas industry produced 5.86 million barrels per day of crude oil in October 2024 – led by production in west Texas in the Permian Basin. It was the largest total on record in history.