MAIN IDEA: Boom to Bust

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Main reason for moving to Odessa and Midland in the 1920s:

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Wanted to make money from the oil.

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Latin root 'flux' means 'to flow'; thus, 'influx' means -

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coming in

Front

Paragraphs 3-5 focus on:

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the issues Odessa experienced

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Cycles of boom and bust in Midland and Odessa since the 1920s. Early boom: housing shortages, unsafe conditions, high prices. New technology led to a 2010 boom with similar issues, but job sites are safer now.

Back

The Texas towns of Midland and Odessa experienced cycles of boom and bust since the 1920s. The early boom brought insufficient housing, unsafe working conditions, a shortage of stores, and high prices. New technology led to a new boom in 2010 with similar problems. However, job sites are much safer for workers today.

Front

In paragraph 9, 'glut' means—

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oversupply

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Primary reason for ideas in paragraph 10:

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Explain new oil boom in Odessa and Midland.

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Cost of production is crucial for keeping an oil field open.

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Using traditional drilling methods was too costly and unprofitable.

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Main difference between the 1920s and 2010 oil booms:

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In the 1920s, working in oil fields was more dangerous.

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Texas oil boom-and-bust cycles result from:

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the supply and demand for oil

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Author's purpose for the article:

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Compare and contrast Texas oil cycles in different time periods.