Unit 13 Oil Vocabulary

A product or idea that stimulates the economy, causing economic growth by creating other businesses

• economic engine

• wildcatter

• social change

• spindletop

Expanding your business by buying businesses similar to your own; owning many businesses in a particular field

• social change

• wilcatter

• horizontal integration

• vertical integration

A structure above an oil well on land or in the sea that has special equipment attached to it for drilling and removing oil from the ground

• social change

• oil rig

• wildcatter

• petroleum

Oil that comes from below the ground and that is the source of gasoline and other products; another word for oil

• social change

• wildactter

• economic engine

• petroleum

An unskilled, or less skilled worker; roustabouts must be physically strong, but do not have to possess many skills

• roustabout

• social change

• wildcatter

• petroleum

A change in the way people or groups of people think or behave

• spindletop

• oil rig

• social change

• economic engine

An oilfield located in Beaumont, Texas; place of the first major oil discovery in Texas

• Spindletop

• wildcatter

• oil rig

• roustabout

When a company buys up all the businesses in a particular manufacturing process

• vertical integration

• oil rig

• horizontal integration

• spindletop

A person who drills exploration oil wells (wildcat wells) in areas not known to be oil fields; a prospector who looks for oil in unexplored places

• oil rig

• oil person

• wildcatter

• roustabout