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Large inflow of income from high production or prices of oil
An oil boom is a period of large inflow of income as a result of high global oil prices or large oil production in an economy. Generally, this short period
Oil_boom
Period of change and economic growth in Texas
The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th
Texas_oil_boom
Period of growth in oil extraction, 2006–2015
The North Dakota oil boom was the period of rapidly expanding oil extraction from the Bakken Formation in the state of North Dakota that lasted from the
North_Dakota_oil_boom
Oil boom in Mexico from 1977 to 1981
The Mexican Oil Boom was an oil boom from 1977 to 1981 which eventually led to a disastrous crash that lasted for most of the 1980s, driving the economy
Mexican_oil_boom
1859–1870s event in the United States
the area had many wells drilled by Seneca Oil Company and others. The oil boom in Pennsylvania paralleled in many ways the gold rush in California ten
Pennsylvania_oil_rush
Aspect of Azerbaijani industry
million tonnes of oil and 35 billion cubic meters of gas in 2022. Azerbaijan is one of the birthplaces of the oil industry. The State Oil Company of the
Petroleum industry in Azerbaijan
Petroleum_industry_in_Azerbaijan
Era in history
The Age of Oil, also known as the Oil Age, the Petroleum Age, or the Oil Boom, refers to the era in human history characterised by an increased use of
Age_of_Oil
Period of rapid progress in AI
reach a consensus. › An AI boom is a period of rapid growth in the field of artificial intelligence. The most recent boom happened in the 2020s before
AI_boom
Community with sudden economic & population growth
Tucuruí, Pará São Paulo, São Paulo Calgary, Alberta (during the 1970s oil boom in the province of Alberta) Barkerville, British Columbia Barrie, Ontario
Boomtown
Tech stock speculative craze, c. 1995–2003
The dot-com bubble (or dot-com boom) was a stock market bubble that developed during the late 1990s and peaked on March 10, 2000. This period of market
Dot-com_bubble
Concept asserting ongoing stock market bubble
that asserts there is a stock market bubble growing since 2025 amid the AI boom, a period of rapid increase in investment in artificial intelligence (AI)
AI_bubble
Temporary floating barrier used to contain an oil spill
A containment boom is a temporary floating barrier used to contain an oil spill. Booms are used to reduce the possibility of polluting shorelines and other
Boom_(containment)
Unincorporated community in Ontario, Canada
incorporation by a special act of Parliament in 1867 following a local oil boom. It existed as an independent municipality within Kent County for approximately
Bothwell,_Ontario
control." Until the East Texas oil boom the oil Regions in Pennsylvania were responsible for fifty percent of the world's oil production. The community of
Pennsylvania_Grade_Crude_Oil
Long period of worldwide economic growth following World War II
post–World War II economic expansion, also known as the postwar economic boom or the Golden Age of Capitalism was a broad period of worldwide economic
Post–World War II economic expansion
Post–World_War_II_economic_expansion
Global oil shortage due to geopolitics
Texas and Alaska, as well as some other oil-producing areas, experienced major economic booms due to soaring oil prices even as most of the rest of the
1970s_energy_crisis
17th-century economic bubble in the Netherlands
p. 115 Quinn, William; Turner, John D. (2020). "1. The Bubble Triangle". Boom and bust: a global history of financial bubbles. Cambridge University Press
Tulip_mania
Speculative frenzy in the UK in the 1840s about railways
when the speculation collapsed. The boom-and-bust cycle of early-industrial Britain was still in effect, and the boom that had created the conditions for
Railway_Mania
American television series
slightly more positive opinion on Blood & Oil in her review: "The pleasantly fresh setting is the North Dakota oil boom, but the tone is very "Dallas," and
Blood_&_Oil
mid-1930s the oil boom had begun to subside, and most of the small oil companies and wildcatters had sold out to major corporations. The boom was essentially
History_of_Kilgore,_Texas
Financial asset backed by a country's revenues from petroleum exports
priced in other currencies, including euros. The unconventional tight oil (shale oil) boom in the USA starting in the early 2000s through 2010s (as well as
Petrocurrency
Pennsylvanian oil rush Indiana Gas Boom Texas oil boom History of the petroleum industry in the United States Marathon Oil Company PG-1, Oil and Gas Fields
Petroleum_industry_in_Ohio
Period of active drilling in northeast Indiana
cities across the Midwest. The boom led to rapid development of pumping and piping technology by the region's gas and oil companies. Inventors and engineers
Indiana_gas_boom
Worldwide increase in crude oil prices following the Iranian Revolution
The 1979 oil crisis, sometimes referred to as the second oil crisis (in reference to the 1973 oil crisis), refers to the drop in oil production in the
1979_oil_crisis
Point in time when the maximum rate of petroleum extraction is reached
energy law Economics 2000s commodities boom 2010s oil glut 2020 stock market crash 2020 Russia–Saudi Arabia oil price war 2020s energy crisis Carbon bubble
Peak_oil
First large oil reserve found in Oklahoma, US
the Glenn Pool Oil Reserve in 1905 brought the first major oil pipelines into Oklahoma, and instigated the first large scale oil boom in the state. Located
Glenn_Pool_Oil_Reserve
The Ranger Oil Boom started on October 17, 1917, after oil was discovered 3,342 feet (1,019 m) below ground at the J.H. McCleskey No. 1 drill well in
Ranger_Oil_Boom
Florida's first real estate bubble
1924 to 1926 and attracted investors from all over the nation. The land boom left behind entirely new, planned developments incorporated into towns and
1920s_Florida_land_boom
Naturally occurring combustible liquid
argued to be the first commercial oil well in North America. The discovery at Oil Springs touched off an oil boom which brought hundreds of speculators
Petroleum
Regional financial crisis that struck East and Southeast Asia in 1997–1998
More long-term consequences included reversal of some gains made in the boom years just preceding the crisis. Nominal U.S. dollar GNP per capita fell
1997_Asian_financial_crisis
Significant surplus of crude oil
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked
1980s_oil_glut
Rise in commodity prices in the early 2000s
2000s commodities boom, commodities super cycle or China boom was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals
2000s_commodities_boom
City in Texas, United States
1926. On July 16, 1926, however, oil was discovered in Hendrick oilfield, near Kermit, and the town experienced a boom. In 1927, an estimated population
Kermit,_Texas
Speculative bubble involving cryptocurrency prices
history of cryptocurrency has been marked by several speculative bubbles on a boom to bust cycle. Some economists and prominent investors have expressed the
Cryptocurrency_bubble
Type of economic bubble
real estate markets, and it typically follows a land boom or reduced interest rates. A land boom is a rapid increase in the market price of real property
Real-estate_bubble
Economic expansion in the United States in the 1990s
economic boom: The mid to late 1990s was characterized by significantly low oil prices (the lowest prices since the post-World War 2 economic boom), which
1990s_United_States_boom
Oil field in southern Texas, United States
feasible. The frenzy of oil exploration and the economic development it generated in the state became known as the Texas oil boom. The United States soon
Spindletop
Rise of many commodity prices in the 70s
The 1970s commodities boom refers to the rise of many commodity prices in the 1970s. Excess demand was created with money supply increasing too much and
1970s_commodities_boom
Geological formation in North America
billion barrels of oil. The application of hydraulic fracturing and directional drilling technologies has caused a boom in Bakken oil production since 2000
Bakken_formation
Temporary spike in asset prices
self-reinforcing in the downward direction, thereby explaining the familiar pattern of boom and bust cycles. An example Soros cites is the procyclical nature of lending
Economic_bubble
American hotel tycoon and politician (1887–1979)
000 (equivalent to $742,802 in 2025) and subsequently capitalized on the oil boom. The rooms were rented out in eight-hour shifts. He continued to purchase
Conrad_Hilton
Oil reserves located in the United States
shale gas and tight oil boom; with production near 7.2 million barrels per day. In 2018, the US became the world's top crude oil producer, and has maintained
Oil reserves in the United States
Oil_reserves_in_the_United_States
OAPEC petroleum embargo
price of oil, and so overstates prices at the end. Energy portal 1967 Oil Embargo 1970s energy crisis 1970s commodities boom 1979 oil crisis 1990 oil price
1973_oil_crisis
Theory that resource wealth slows growth
countries. A study of US oil booms found positive effects on local employment and income during booms but found that after the boom, incomes "per capita"
Resource_curse
1760–1840 agrarian to industrial era shift
century, sweet biscuits were an affordable indulgence and business was booming. Manufacturers...transformed from small family-run businesses into state-of-the-art
Industrial_Revolution
History of the capital city of Azerbaijan
owned oil fields, refineries, and tankers. By the beginning of the next century, more than a hundred oil firms operated in Baku. The oil boom of the
History_of_Baku
Topics referred to by the same term
Look up Boom or boom in Wiktionary, the free dictionary. Boom may refer to: Boom (containment), a temporary floating barrier used to contain an oil spill
Boom
U.S. state
discovery of oil at Prudhoe Bay and the 1977 completion of the Trans-Alaska Pipeline System led to an oil boom. Royalty revenues from oil have funded large
Alaska
1870–1914 electrical and chemical era
oil, Edwin Drake's 1859 well near Titusville, Pennsylvania, is considered the first "modern oil well". Drake's well touched off a major boom in oil production
Second_Industrial_Revolution
History Museum in Beaumont, TX
commemorate the discovery of oil at the Spindletop Hill salt dome in Beaumont on Jan. 10, 1901. The discovery sparked an oil boom in Texas that continues today
Spindletop-Gladys City Boomtown Museum
Spindletop-Gladys_City_Boomtown_Museum
City in Wood County, Ohio
Perrysburg. With the discovery of oil in the area in the late 19th and early 20th century, Bowling Green enjoyed a boom to its economy. The results of wealth
Bowling_Green,_Ohio
Economic bubble in Japan from 1986 to 1991
and Latin America, Inter-American Development Bank Quinn, William (2020). Boom and Bust: A global History of Financial Bubbles. Cambridge: Cambridge University
Japanese_asset_price_bubble
Temporary housing company
Dakota is a result of the oil boom in the area around the Bakken Formation. North Dakota now produces 11 percent of U.S. oil, and oil production is the primary
Target_Hospitality
the population boomed to over 72,000. Many of these new residents came from Pennsylvania, Ohio, and New York. The second surge of oil discoveries occurred
History_of_Tulsa,_Oklahoma
1962 novel by Ghassan Kanafani
cannot find work, to Kuwait where they hope to find work as laborers in the oil boom. Three Palestinian men, Abu Qais, Marwan, and Assad, of different generations
Men_in_the_Sun
Podcast about big oil in the Permian Basin
traffic from tank trucks carrying oil has increased the number of deaths by 67% since the beginning of the oil boom. At the end of each episode Wallace
Boomtown_(podcast)
American pulp fiction writer (1906–1936)
aggravated by what he perceived to be the effect oil booms had on towns. "I'll say one thing about an oil boom; it will teach a kid that Life's a pretty rotten
Robert_E._Howard
1980 crash in the U.S. silver market
thirteen banks arranged a $1.1 billion loan to Placid Oil, a Hunt family company. The loan was secured by oil and gas properties, refineries and pipelines, and
Silver_Thursday
Gold rush from 1848 to 1855
farmers, oil drillers, movie makers, airplane builders, computer and microchip makers, and "dot-com" entrepreneurs have each had their boom times in the
California_gold_rush
Commodity price increases following the COVID-19 pandemic
The 2020s commodities boom refers to the rise of many commodity prices in the early 2020s following the COVID-19 pandemic. The COVID-19 recession initially
2020s_commodities_boom
immediate causes of the recession were a generally weak economy and the 1990 oil price shock. Belated recovery from the 1990–1991 recession contributed to
Early 1990s recession in the United States
Early_1990s_recession_in_the_United_States
Area in Capital Governorate, Kuwait
historically East ʿAdailiya, and the current area ʿAdailiya. Before the oil boom, Adailiya was one of the scattered settlements outside of Kuwait City mainly
Adailiya
Airport of Williston, North Dakota, United States (1947–2019)
these reasons, as well as the rise in air traffic amid the North Dakota oil boom, officials decided to build Williston Basin International Airport. Sloulin
Sloulin Field International Airport
Sloulin_Field_International_Airport
Perceived financial market movement tendency over time
the crash of the dot-com bubble. Another example is the 2000s commodities boom. In a secular bear market, the prevailing trend is "bearish" or downward-moving
Market_trend
Phenomenon when shorter term bonds yield higher interest rates than longer term bonds
rule Zero interest-rate policy 1970s commodities boom 2000s commodities boom 2020s commodities boom Monetary sovereignty Sahm rule - Economic indicator
Inverted_yield_curve
Town in California, United States
and 1929, about 20 oil wells were drilled in and around Los Gatos, starting a minor oil-drilling boom. About 1861, small amounts of oil were discovered in
Los_Gatos,_California
Unincorporated community in Washington, United States
attracted the attention of oil speculators, and many platted lots were sold to optimistic buyers in anticipation of an oil boom. 11 wells were drilled between
Oil_City,_Washington
City in Tamaulipas, Mexico
area. During the period of Mexico's first oil boom in the early 20th century, the city was the "chief oil-exporting port of the Americas" and the second-busiest
Tampico
19th-century United States financial crisis
The prices of land, cotton, and slaves rose sharply in those years. The boom's origin had many sources, both domestic and international. Because of the
Panic_of_1837
Methods of transforming crude oil
like those in Ontario and Pennsylvania were soon outstripped by large oil "booms" in Oklahoma, Texas and California. Prior to World War II in the early
Petroleum_refining_processes
railroads in the eastern part of the state during the mid-19th century led to a boom in lumber production in the 1880s. This era of financial success lasted approximately
Economy_of_Texas
Dakota oil boom, lasting from 2006 to 2015, involved rapidly expanding oil extraction from the Bakken formation in the state of North Dakota. The boom began
History of the petroleum industry in the United States
History_of_the_petroleum_industry_in_the_United_States
Economic bubble
large component of consumer spending was fueled by the related refinancing boom, which allowed people to both reduce their monthly mortgage payments with
2000s United States housing bubble
2000s_United_States_housing_bubble
Oil and bitumen deposits in Alberta, Canada
original (PDF) on October 2, 2013. Kunzig, Robert (March 2009). "The Canadian Oil Boom: Scraping Bottom". National Geographic. 215 (3): 38–59. Archived from the
Athabasca_oil_sands
following the discovery of the nearby Pembina oil field the year previous. Prior to the 1953 oil boom, the community of Drayton Valley was sparsely populated
History of the Petroleum industry in Alberta
History_of_the_Petroleum_industry_in_Alberta
Period in the history of Victoria, Australia
rushes. The gold rush is reflected in the architecture of Victorian gold-boom cities like Melbourne, Castlemaine, Ballarat, Bendigo and Ararat. Ballarat
Victorian_gold_rush
Blob of petroleum from the ocean
contained like oil and picked up using a variety of methods. Containment booms can be used to isolate tarballs similar to methods used to isolate oil. Tarball
Tarball_(oil)
Unfounded market optimism that lacks fundamental valuation
and eclipsed by a combination of events, including the 2000s commodities boom and the United States housing bubble. However, the recession of 2007 onward
Irrational_exuberance
Spot price of a barrel of benchmark crude oil
factors, including "rising petro-nations' oil production, the U.S. shale oil boom, and swelling North American oil inventories," according to Market Watch
Price_of_oil
1918–1939 period between the world wars
aluminium, 85 per cent of the iron ore, and especially 79 per cent of the oil supplies. It was one thing to go to war with China or Russia, but quite another
Interwar_period
Community college in Kilgore, Texas, U.S.
established in 1935 at the height of the East Texas oil boom, and as such, is home to the East Texas Oil Museum which houses a large collection of memorabilia
Kilgore_College
Global economic recession
start of 1982, Alberta's oil boom had ended due to over-expansion and the deep global recession of that year, which caused oil prices to plummet, with
Early_1980s_recession
Town in Oklahoma, United States
county. The oil boom ended when only four wells proved to be profitable. Once again, Asher was in danger of dying out. Fortunately, another oil well was
Asher,_Oklahoma
American drama television series by Taylor Sheridan and Christian Wallace
Studios for season 1 "Announcing 'Boomtown,' a New Podcast on the Greatest Oil Boom in History". Texas Monthly. December 3, 2019. Archived from the original
Landman_(TV_series)
American socialite (born 1935)
NuCoastal LLC. Lynn and Oscar Wyatt have four sons. During the height of the oil boom in the 1970s/early 1980s, the family mansion in Houston was known as the
Lynn_Wyatt
Town in New York, United States
Allegany Oil Field" the Bolivar-Richburg area rose to significance during the oil boom era of the late 1800s. During the brief initial oil boom of the 1880s
Bolivar,_New_York
Gold discovery triggering an onrush of miners seeking fortune
stimulus far beyond the goldfields, feeding into local and wider economic booms. The Gold Rush was a topic that inspired many TV shows and books considering
Gold_rush
Public secondary school in Kermit, Texas, United States
and oil was discovered in Winkler County–the county that was to boom and bust, boom and bust, until prosperity came in with discovery of deep oil. The
Kermit_High_School
Economic bubble in a stock market
Volume 68, April 2015, p. 5–18) Terrell, Ellen. "Research Guides: Business Booms, Busts, & Bubbles: A Resource Guide on Economic Manias & Crashes: Tulip
Stock_market_bubble
activities had largely been suppressed. The high oil prices of the 1970s and early 1980s led to an oil boom which resulted in a large increase in salaries
History of Trinidad and Tobago
History_of_Trinidad_and_Tobago
Region in northern Iraq. The Kurdistan Region's economy is dominated by the oil industry, agriculture, manufacturing and tourism. After the failed 1991 Iraqi
Economy of the Kurdistan Region
Economy_of_the_Kurdistan_Region
City in Oklahoma, United States
discovery of oil in 1905, which caused an economic boom that propelled the growth of Tulsa and its surroundings. Although the Glenn Pool Oil Reserve, for
Glenpool,_Oklahoma
2014 American film
have moved there to seek work in the North Dakota oil boom. The film explores life in the oil boom through the eyes of four children and an immigrant
White_Earth_(film)
McKinney, Gary S. (December 8th, 2008). Oil on the Brain: The Discovery of Oil and the Excitement of the Boom in Northwestern Pennsylvania, Armstrong
List of ghost towns in Pennsylvania
List_of_ghost_towns_in_Pennsylvania
Hunt Clint Murchison Sr. Sid Richardson Autry Stephens Energy law Texas oil boom United States energy law United States energy policy "032625 Production
Oil_in_Texas
18th-century British company involved in a major financial scandal
so the issue amounted to an injection of £5 million of new money into a booming economy just as interest rates were falling. Gross Domestic Product (GDP)
South_Sea_Company
Temporary housing for workers in resource extraction industries
especially in Canada and the United States. Twentieth century boom–bust housing cycles related to the oil and gas industry made companies reluctant to invest in
Man_camp
Administrative region of Saudi Arabia
modernized under the Ottoman Empire and the Kingdom of Saudi Arabia after the oil boom. Most of the population is concentrated in three cities: Jeddah, Mecca
Mecca_Province
organised into 36 states and the Federal Capital Territory. As a result of the oil boom years of the 1970s, the tertiary level of education was expanded to reach
List of universities in Nigeria
List_of_universities_in_Nigeria
Economic term to distinguish types of recessions
saying: "The majority of people are suffering amid a Great Gatsby–style boom at the top". Inverted square root: Financier George Soros said the 2009 recession
Recession_shapes
travel, tourism, insurance
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travel, tourism, insurance