What are the causes of the boom and bust cycles of the texas oil industry.

Boom cycle contributors include: Several successful oil drillings in South, North-Central, and East Texas New innovations: drilling and oil refinery Success of the automobile industry Things that led to a decline, or bust, in the industry include: An oil surplus that led to a decrease in oil prices Environmental hazards Dry wells.

by using  production possibilities graph.  opportunity costs are key expenses in financial matters and are utilized as a part of registering money saving advantage investigation of a venture. such expenses, be that as it may, are not recorded in the record books but rather are perceived in basic leadership by processing the money costs and their subsequent benefit or misfortune.

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