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Oracle of DelphiJanuary 10 1901 American Oil Industry Starts
January 10th 2012 00:01
On January 10th 1901, a drilling derrick at Spindletop Hill near Beaumont, Texas, produced an enormous gusher of crude oil, coating the landscape for hundreds of feet and signaling the advent of the American oil industry. The geyser was discovered at a depth of over 1,000 feet, flowed at an initial rate of approximately 100,000 barrels a day and took nine days to cap. Following the discovery, petroleum, which until that time had been used in the U.S. primarily as a lubricant and in kerosene for lamps, would become the main fuel source for new inventions such as cars and airplanes; coal-powered forms of transportation including ships and trains would also convert to the liquid fuel.
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