About Oil Boom
An oil boom is a period of large inflow of income as a result of high global oil prices or large oil production in an economy. Generally, this short period initially brings economic benefits, in terms of increased GDP growth, but might later lead to a resource curse.
Bonn climate conference: Ukraine war no excuse for prolonging coal, Kerry warns
... By contrast the US, where President Biden has struggled to get climate legislation on the statute books, has seen another Oil Boom...
The changing face of the North Sea oil industry
... Among them are firms like North Star, which started out in fishing before the Oil Boom of the 1970s saw them dip their toe in new waters...
Palm oil firms depriving tribes of millions of dollars
... The companies behind the country s palm Oil Boom have seen their profits soar this year as global prices reached record highs...
Why Uganda is investing in oil despite pressures to go green
... There are environmental concerns and questions over whether it is too late for an Oil Boom - but there is no disputing change that is coming to the wide valley floor, below the steep escarpment...
'The devil's excrement': How has oil important?
... Pithole city at the height of his short-lived Oil Boom in 1865 A year later, Pithole had at least on graphs of 10,000 inhabitants, 50 hotels, one of the busiest in the postal, tele-stations, and dozens of brothels...