How Did The Texas Oil Industry Affect The Economy

The Texas oil industry began with Lyne T. Barret, who struck oil or petroleum, which is a fossil fuel that has decomposed into the ground and has been compressed and heated up for millions and millions of years. in Texas at Spindle Top Hill. In the early years, people used derrick towers that support oil-drilling equipment, which was then put in a refinery that made oil pure and used for trains to travel faster and farther. In 1904, the Spindletop strike marked the beginning of the Texas oil boom. Patillo Higgins, a brick factory owner, believed that there would be oil at Spindletop Hill. An engineer named Anthony F. Lucas believed in Higgins idea and drilled into the hill, However, this created a boom-bust cycle, a cycle of alternating periods of growth

The new pipeline technology opened the market for Texas natural gas, which helped the state's economy. The use of internal combustion engines made it easier and faster to travel using the Texas Railroad Commission, an agency originally created to regulate railroads and the authority to enforce laws concerning the petroleum industry, which changed social life because it made it easier and faster to travel. The Texas oil industry has had a huge impact on the state's history and continues to be a big part of Texas, the U.S. and the rest of the world now. The Texas oil industry began with Lyne T. Barret, who struck oil or petroleum, which is a fossil fuel that has decomposed into the ground and has been compressed and heated up for millions and millions of years. in Texas at Spindle Top Hill. In the early years, people used derrick towers that support oil-drilling equipment, which was then put in a refinery that made oil pure and used for trains to travel faster and farther. In 1904, the Spindletop strike marked the beginning of the Texas oil