Oil Boom Vocabulary.HallsvilleJH

A type of oil that is the source for gasoline.

• Petroleum

• Reserve

• Refinery

• Petrochemical

A supply of a natural resource that is known to exist but has not yet been used.

• Reserve

• Boomtown

• Refinery

• Wildcatter

A framework or tower that supports a drill over a deep hole.

• Derrick

• Reserve

• Wildcatter

• Petroleum

An economic cycle in which high demand leads to high output, which results in falling prices and hard times.

• Boom-and-Bust-Cycle

• Natural Gas

• Boomtown

• Wildcatter

A fossil fuel formed deep inside the earth, often found with oil.

• Natural Gas

• Petroleum

• Petrochemical

• Boomtown

A town that experiences sudden growth in population and business.

• Boomtown

• Refinery

• Derrick

• Reserve

A building equipped to refine or process products such as oils, metals or sugar.

• Refinery

• Wildcatter

• Reserve

• Derrick

An independent oil driller.

• Wildcatter

• Petrochemical

• Derrick

• Petroleum

Any substance made from petroleum or natural gas.

• Petrochemical

• Synthetic Rubber

• Petroleum

• Reserve

Rubber that comes from chemicals rather than from plants.

• Synthetic Rubber

• Petroleum

• Reserve

• Wildcatter