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Oil boom information


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 initially brings economic benefits, in terms of increased GDP growth, but might later lead to a resource curse.

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Oil boom

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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...

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Texas oil boom

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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...

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Mexican oil boom

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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...

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North Dakota oil boom

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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...

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Pennsylvania oil rush

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industry in the United States Ohio Oil Rush Texas Oil Boom North Dakota oil boom "Development of the Pennsylvania Oil Industry". American Chemical Society...

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Petroleum industry in Azerbaijan

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837 m3) of oil per day and 29 billion cubic meters of gas per year as of 2013. Azerbaijan is one of the birthplaces of the oil industry. The State Oil Company...

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Boom

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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...

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Stagflation

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interest-rate policy 1976 sterling crisis 2000s commodities boom 2020s commodities boom including those of Adam Smith, Karl Marx, John Stuart Mill, John...

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1970s commodities boom

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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...

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Indiana gas boom

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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...

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North Dakota

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coinciding with the oil boom era. This happened at a time when the national violent crime rate declined slightly. Workers in the oil boom towns have been...

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Gold rush

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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...

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Railway Mania

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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...

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Boomtown

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Tucuruí, Pará São Paulo, São Paulo Calgary, Alberta (during the 1970s oil boom in the province of Alberta) Barrie, Ontario, residential development and...

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Petrocurrency

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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...

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Cryptocurrency bubble

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of most cryptocurrencies starting in January 2018. After an unprecedented boom in 2017, the price of Bitcoin fell by about 65% from 6 January to 6 February...

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List of commodity booms

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This is a list of economic booms created by physical commodities. "NUEXCO Exchange Value (Monthly Uranium Spot)". Archived from the original on 22 July...

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2000s United States housing bubble

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The 2000s United States housing bubble or house price boom or 2000s housing cycle was a sharp run up and subsequent collapse of house asset prices affecting...

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California gold rush

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farmers, oil drillers, movie makers, airplane builders, computer and microchip makers, and "dot-com" entrepreneurs have each had their boom times in the...

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1997 Asian financial crisis

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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...

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AI winter

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in funding and investment, leading to the current (as of 2024[update]) AI boom. NLP research has its roots in the early 1930s and begins its existence with...

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Japanese asset price bubble

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and Latin America, Inter-American Development Bank Quinn, William (2020). Boom and Bust: A global History of Financial Bubbles. Cambridge: Cambridge University...

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Bakken formation

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billion barrels of oil. The application of hydraulic fracturing and directional drilling technologies has caused a boom in Bakken oil production since 2000...

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Pennsylvania Grade Crude Oil

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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...

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Ranger Oil Boom

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The Ranger Oil Boom started on October 17, 1917, after oil was discovered at the J.H. McCleskey No. 1 drill well when oil roared up from 3,342 feet (1...

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