Oil production booms in Bradford, Pennsylvania
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
field was discovered in Bradford, Pennsylvania, northeast of the old Oil Creek fields. As thousands of wild-eyed drillers besieged the area, oil production soared, and prices sank from $4 a barrel in 1876 to 70 cents two years later. Once again, the industry’s salvation proved its undoing, with the boom-and-bust cycle unleashing volatile emotions among producers who found themselves rich one moment an
chapter: CHAPTER 12 - Insurrection in the Oil Fields