3 years ago

Describe the causes of the boom and bust cycles of the Texas oil industry.

1 answer:

5 0

Answer:

Boom cycle contributors include: Several successful oil drillings in South, North-Central, and East Texas New innovations: drilling and oil refinery Success of the automobile industry Things that led to a decline, or bust, in the industry include: An oil surplus that led to a decrease in oil prices Environmental hazards Dry wells.

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