On January 10, 1901, the discovery of oil at Spindletop would lead to the greatest economic boom the world had ever seen. The amount of oil that would be discovered in Texas would be more than enough to power America for decades to come. The effects of owning oil would completely change the culture, way of life, and business of Texas. The book Oil In Texas will prove that America would completely change from an agricultural nation to an industrial nation after the discovery of oil in Texas. At the turn of the century there was a new law called “Capture”; whoever produced the oil owned it. If you didn't produce the oil, someone else would be willing to produce it. The consequences if the well's production dries up weigh heavily on the reward. “Oilmen were not the only ones who knew that production was often short-lived; Bankers quickly realized that no prudent lender would make a loan based on oil production. “Oil production started strong and fell rapidly within a few months. The risk was not worth the reward, neither for the bakers nor for the oilmen. The fierce cycles from boom to bust, from there being more than enough oil to not enough, would send the price of oil up and down like a roller coaster. When a new oil field arrives, local markets supply more than enough oil, which lowers prices, making oil more affordable. However, every time oil production declined, prices skyrocketed, making it unprofitable to continue operations. Pattillo Higgins would be ready to meet this oil production challenge head on. [Who is Higgins, Ernest? By giving at least a brief introduction, readers would find themselves halfway through the paper in East Texas and all the way to Pennsylvania. East Texas, with its enormous oil industry, was able to exploit oil all the way to the Big Inch and give our troops the advantage they needed. The determination and patriotism of Texans has been responsible for this success in just a few full years. Without the energy source provided by East Texas to power our industrial war machine. America would then have failed. Bottom line: One of the greatest economic booms in history has had an everlasting ripple effect on Texas culture, business and way of life. The discovery of oil in Texas allowed America to take a leap forward to become a leading nation. Texas oil gave America an advantage in winning the war and gave Americans the advantage of traveling faster and faster. Texas oil helped America move from an agricultural country to a leading industrial country much faster than expected..