Oil
Tycoon John D. Rockefeller Couldn't Hide His Father's Con Man Past
When he was a child, John D. Rockefeller watched his father count his money—huge wads of which he refused to keep in a bank and lovingly stacked in front of his impressionable son. “He made a practice of never carrying less than $1,000,” the oil baron recalled later in life, “and ...read more
When Truckers Shut Down America to Protest Oil Prices—and Became Folk Heroes
At 10:00 p.m. on December 3, 1973, a 37-year old trucker from Overland Park, Kansas named J.W. Edwards stopped his rig suddenly in the middle of Interstate I-80 near Blakeslee, Pennsylvania and picked up his CB radio microphone. The insurrection he was about to start, using his ...read more
How FDR Charmed a Saudi King and Won U.S. Access to Oil
A secret war-time meeting. Fear of an oil shortage. An exchange of gifts (including a wheelchair) and a budding friendship. When Franklin D. Roosevelt met with Abdul Aziz ibn Saud on February 14, 1945 aboard a U.S. Navy destroyer in the Suez Canal, it was the first time a U.S. ...read more
Exxon Valdez Oil Spill
The Exxon Valdez oil spill was a manmade disaster that occurred when Exxon Valdez, an oil tanker owned by the Exxon Shipping Company, spilled 11 million gallons of crude oil into Alaska’s Prince William Sound on March 24, 1989. It was the worst oil spill in U.S. history until ...read more
Massive oil spill begins in Gulf of Mexico
April 20, 2010: An explosion and fire aboard the Deepwater Horizon oil drilling rig in the Gulf of Mexico, approximately 50 miles off the Louisiana coast, kills 11 people and triggers the largest offshore oil spill in American history. The rig had been in the final phases of ...read more
Spindletop
On January 10, 1901, an enormous geyser of oil exploded from a drilling site at Spindletop Hill, a mound created by an underground salt deposit located near Beaumont in Jefferson County, southeastern Texas. Reaching a height of more than 150 feet and producing close to 100,000 ...read more
John D. Rockefeller
John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio ...read more
Oil Industry
The 19th century was a period of great change and rapid industrialization. The iron and steel industry spawned new construction materials, the railroads connected the country and the discovery of oil provided a new source of fuel. The discovery of the Spindletop geyser in 1901 ...read more
Rare Bugatti found in British garage
On January 2, 2009, media outlets report that a rare unrestored 1937 Bugatti Type 57S Atalante Coupe has been found in the garage of a British doctor. A month later, on February 7, the car sold at a Paris auction for some $4.4 million. The black two-seater, one of just 17 57S ...read more
Gusher signals new era of U.S. oil industry
On January 10, 1901, a drilling derrick at Spindletop Hill near Beaumont, Texas, produces 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, ...read more
Exxon Valdez crashes, causing one of the worst oil spills in history
March 24, 1989: One of the worst oil spills in U.S. history begins when the supertanker Exxon Valdez, owned and operated by the Exxon Corporation, runs aground on a reef in Prince William Sound in southern Alaska. An estimated 11 million gallons of oil eventually spilled into the ...read more
Oil workers drown in North Sea
A floating apartment for oil workers in the North Sea collapses, killing 123 people, on March 30, 1980. The Alexander Kielland platform housed 208 men who worked on the nearby Edda oil rig in the Ekofisk field, 235 miles east of Dundee, Scotland. Most of the Phillips Petroleum ...read more
The Exxon Valdez captain’s conviction is overturned
The Alaska court of appeals overturns the conviction of Joseph Hazelwood, the former captain of the oil tanker Exxon Valdez. Hazelwood, who was found guilty of negligence for his role in the massive oil spill in Prince William Sound in 1989, successfully argued that he was ...read more