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WorksheetsTexas History - Oil Vocabulary
Total questions: 16
Worksheet time: 7mins
Petroleum
only makes car oil
liquid found deep underground, which can be used to make many products.
a resource that is only found in Texas
The Function of OPEC
To regulate the supply of oil in order to set the price for the world market.
To harbor all of the oil in the world.
To decide which countries get to use oil and which ones don't
Oil Derrick
A guy named Derrick who really likes oil
A tall tower which helps support the drilling equipment.
The first gush of oil that comes up when a new oil field is drilled.
Crude Oil
oil in its final/finished form ready for use.
The kind of oil we cook with
Oil in its natural state; not yet refined or finished
Industry
Group of businesses that make or sell similar products or perform similar services
One particular type of business
Oil companies
Where crude petroleum is refined, or cleaned, to make it ready to use
oil cleaning
refinery
oil finisher
A town undergoing rapid growth due to sudden prosperity.
mining town
Oil rush
Boomtown
OPEC stands for....
Organization of the Petroleum Exporting Countries
Oil Producing Excellent Countries
Only Petroleum Economy Countries
The amount of people that want a good
Supply
Demand
The amount of a good that is available
Supply
Demand
When the supply of a product goes up, the price goes ____, and demand for the product can rise because it costs less. When high demand for a product causes the supply to diminish, prices will ____.
down; remain the same
up; lower
down; rise
The process by which towns and cities are formed and become larger
Urbanization
Industrialization
Incorporation
This industry would temporarily suffer in Texas when an oil boomtown would pop up due to new drilling site.
lumber
agriculture
real estate
When a product is sent to another country to be sold
Import
Foreign Sale
Export
Site near Beaumont in 1901 where a gusher spewed oil for 9 days at a rate estimated at 100,000 barrels of oil per day. This started the age of oil.
Ranger
Houston
Spindletop
This industry flourished when oil was drilled and boomtowns were created
Agriculture
Lumber
Child Care
