Which of the following statements is FALSE?
a.
Two of the largest oil companies today, Texaco and Exxon, came out of the Beaumont oil boom.
b.
The Texas legislature allowed businessmen to regulate the oil industry, which kept it booming.
c.
Beaumont became one of the nation’s biggest refinery sites.
d.
The Lucas gusher was the largest oil gusher in history, blowing over 150 feet in the air.
Answers
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b. The Texas legislature allowed businessmen to regulate the oil industry, which kept it booming
Explanation:
- The Texas Railroad Commission (RRC) is the federal body overseeing the oil and gas field, protection of pipelines, power utility, natural gas and hazardous fuel pipeline, and Texas surface coal and uranium mining.
- The Texas legislature formed a commission in 1891 to regulate the booming rail industry. As business in Texas continued to boom, the commission started to control the availability of oil in the early 20th century.
- Texas was so inundated with oil in foreign markets in the mid-1930's that prices plummeted across the globe, which resulted in restricted production by the Federal Government.
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The Texas legislature regulated the oil industry in all of the following ...
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