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1920-1930
2015
1950
Population grew, urbanization occured when Texas turned into industrlization
Oil began to become more popular and used more often
There is world competiton for this valuable resource. Since oil is scarce alot of countries around the world fight for it.
1931
Automobiles were invented at this time and oil began giving fortunes to education (universties, colleges, etc.)
1859
Texas Railroad Commission was created by James Hogg and the government regulation made to regulate and limit oil and the money.
Pattillo Higgins decided that there was oil in Spindletop
Pennsylvania Melrose Petroleum oil in Nacodges county
17,500,00 barrel of oil were produced at Spindletop that year
1931
1900
1920-1930
1859
1892
1950
2015
1902
1901
1894
1930
2015
1899
1920
1933-1938
1930
Columbus M. "Dad" Joiner found made one of the richest oil discoveries in Rusk County, producing 900,000 barrels per day
Coriscana oil encouraged drilling in East Texas
1933-1938
1920
Anthony Lucas hit oil at spindletop, it produced over 47,000 barrels of oil per day, each barrel only cost three cents.
2015
Oil prices were imbalanced and went from $0.75 to $1.10
Found many different ways to use oil
Pattillo Higgins put an ad in the newspaper and Anthony Lucas soon became interested in his theory.
Oil prices currently are still out of balance and the nonrenewable resource, oil is now scarce which makes the prices go up