The Financial Times of London posts a review of The Big Rich, by Bryan Burrough
Pioneers who put Texas on the oil map
Review by Sheila McNulty Published: February 9 2009 02:00
The review begins: "Lest anyone feel sorry for those with mounting losses from the plunge in oil prices from almost $150 a barrel to below $40, boom-and-bust cycles have been making and unmaking millionaires since the first geyser spouted at Spindletop in 1901, ushering in the rise of the petroleum industry.
The Texas plains are pockmarked with holes dating back to those early days when the state produced more oil than the wells in the rest of the world put together. Yet dry holes are still being drilled, even with today's advanced technology. From the start, the price of oil has never been steady."
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