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Cargo ships enter the Mersin port in Mersin, Türkiye, on Jan. 5, 2024. (Mustafa Kaya/Xinhua via Getty Images) (Xinhua News Agency via Getty Images)
A Brief History of the East Texas Oil Field (East Texas Oil Museum) Oil and Texas: A Cultural History (Texas Almanac) Oil Boom (The Depot Museum, Henderson) Spindletop-Gladys City Boomtown Museum; Texas Energy Museum, Beaumont "Santa Rita No. 1 – Big Lake ~ Marker Number: 4587". Texas Historic Sites Atlas. Texas Historical Commission. 1965.
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 ...
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 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 ...
Trump also mentioned his intent to impose tariffs on Canada and Mexico starting Feb. 1, sparking concerns of a trade war that could impact economic growth and, as a result, oil consumption.
The strike could stop the flow of a wide variety of goods over the docks of almost all the cargo ports on the East Coast and Gulf Coast - everything from bananas to European wine and liquor, along ...
The Ranger Oil Boom started on October 17, 1917, after oil was discovered 3,342 feet (1,019 m) below ground at the J.H. McCleskey No. 1 drill well in Ranger, Texas. The strike was notable because Soviet Russia's threatened exit from World War I meant its oil output was lost to the Allies. Before WWI Russia accounted for 30% of the world's oil ...