Question

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

Answer 1

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.

Step-by-step explanation:

Answer 2

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.