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Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...
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Historic Spindletop Gusher marks 124th anniversary of well that transformed Southeast Texas oil industryThe Lucas Gusher at Spindletop, which gave birth to the modern petroleum industry and transformed Beaumont into an oil boom town, marks its 124th anniversary on Friday. The historic well erupted ...
NEW YORK, May 5 (Reuters Breakingviews) - Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices.
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