Section 3: Effects of the Oil Boom

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Dark, thick, liquid fossil fuel commonly called oil.

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Section 3: Effects of the Oil Boom Chapter 23: The Oil Boom Section 3: Effects of the Oil Boom

Boomtowns Oil drew thousands of people to oil fields and nearby towns Beaumont: 9,000  50,000 Sour Lake: village  10,000 Boomtowns crowded, dirty, and rough

The Automobile & Petrochemical Industries The technological development that most assured the success of the oil industry was the automobile, with its internal combustion engine These engines used gasoline

The Automobile & Petrochemical Industries Petrochemical products: Synthetic rubber Plastics Carbon black (used in tires, ink)

The Effects of the Oil Boom 1899: Texas legislature began to try to protect groundwater from oil pollution Legislature made it illegal to waste oil and natural gas

The Effects of the Oil Boom 1917: State gave the Texas Railroad Commission authority to regulate the oil business

The Effects of the Oil Boom 1905: State begins collecting taxes on oil 1876: Legislature set aside 1 million acres in West Texas for the Permanent University Fund

The Effects of the Oil Boom Santa Rita No. 1—oil well that struck oil and helped establish the Permanent University Fund Pictures of Santa Rita No. 1

The Effects of the Oil Boom The Texas A&M University System & University of Texas System use money from the Permanent University Fund

The Effects of the Oil Boom Education in Texas has benefited from the oil industry: Taxes on oil Permanent University Fund Philanthropy

The Effects of the Oil Boom Philanthropy—giving money or gifts for charitable causes Philanthropists give money to education, hospitals, & the arts Oil industry created jobs and spurred industry