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Age of Oil TIMELINE

1920-1930

2015

1900

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

1892

The Theory

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

1902

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

1894

Corsicana

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

1901

The beginning of oil industry

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

1899

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

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