Texas Oil Research
How the discovery of Spindletop changed Texas History
The significance of Spindletop and it's importance to Texas History
Spindletop, also well known as Lucas No. 1, had a growing number of wells producing between 70,000 and 100,000 barrels of oil per day, more than any other oil industry in the entire world, which then resulted in over drilling. After the year of 1902 of producing more than 17,500,000 barrel of oil year, the Spindletop oil wells then started to slow down to only about 10,000 barrels of oil per day. When Gladys City, which was moved to serve the oil workers, began to close down, Spindletop then took its earned place in Texas History. Spindletop caused many oil booms in Texas history because of the urge to rush into the drilling process.
How the discovery of oil resources in Texas affected the State’s economy.
The discovery of oil at Spindletop uncovered other resources along with the oil, natural gas. In the beginning of the discovery of the natural gas, there wasn’t a way a way to transport the natural gas to anywhere. In that matter, the result was that there was a huge waste of the natural gas because it just sat there to be burned up in the middle of the field. That was the case until someone finally had the chance to lay down the huge pipelines that were used to transfer the fuel, natural gas, to the marketing areas. However, at that time it was not realized the potential of this very clean- burning fuel.
How oil affected the world.
Oil affects the world by fueling cars that were soon invented after the discovery of oil at Spindletop. So much of this oil was pumped that it flooded the markets everywhere around the world. At this time period in Texas history was in its economic depression when there were very limited job offerings and very low employment. With that situation had been occurring, the result was that oil had gone to selling for more than a dollar per barrel of oil, down to less that water, at selling for eight cents per barrel of oil because of the great quantity of oil that was produced and sent to the marketing areas for the citizens to buy and use. The way the economy works is that when there is less of some kind of product the price goes up on that product, when there is allot of some kind of product the price of that product goes down. That is what had happened to the cost of oil at Spindletop.
The educational affects
Oil contributes to the culture of education because of the many museums, colleges, universities in Texas, and art galleries and the only way they are in existing because of the oil discovery and it’s very high success. It was all in the years of 1900s the Houston Universities and hospitals all got 11 million dollars of the oil industry’s fortune from the oil. With all of that happening Amon G. Carter established the foundation of Amon G. Carter for all educational purposes. He also provided Fort Worth with a very specified museum that would be open and free to the entire population.
Things that are made for Petroleum
Some of the things that are made from Petroleum are, plastic ties, row covers, irrigation piping, polyethylene, polypropylene, bags and packaging, pesticides and herbicides, food preservatives, and fertilizers