 First edition | |
| Author | Bryan Burrough |
|---|---|
| Language | English |
| Publisher | Penguin Books |
Publication date | 2009 |
| Media type | Paperback |
| Pages | 556 |
| ISBN | 0-14-311682-7 |
The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes is the fifth book by Bryan Burrough, published in 2009. The book tells the story of four Texas oil men and their families that made large fortunes in the oil industry: Hugh Roy Cullen, Clint Murchison, Sid Richardson and H.L. Hunt. [1] [2] [3] [4]
Edna Ferber was an American novelist, short story writer and playwright. Her novels include the Pulitzer Prize-winning So Big (1924), Show Boat, Cimarron, Giant and Ice Palace (1958), which also received a film adaptation in 1960. She helped adapt her short story "Old Man Minick", published in 1922, into a play (Minick) and it was thrice adapted to film, in 1925 as the silent film Welcome Home, in 1932 as The Expert, and in 1939 as No Place to Go.
The Teapot Dome scandal was a political corruption scandal in the United States involving the administration of President Warren G. Harding. It centered on Interior Secretary Albert Bacon Fall, who had leased Navy petroleum reserves at Teapot Dome in Wyoming, as well as two locations in California, to private oil companies at low rates without competitive bidding. The leases were the subject of an investigation by Senator Thomas J. Walsh. Convicted of accepting bribes from the oil companies, Fall became the first presidential cabinet member to go to prison, but no one was convicted of paying the bribes.
Haroldson Lafayette Hunt Jr. was an American oil tycoon. By trading poker winnings for oil rights according to legend, but more likely through money he gained from successful speculation in oil leases, he ultimately secured title to much of the East Texas Oil Field, one of the world's largest oil deposits. He acquired rights to East Texas oil lands initially through a $30,000 land purchase from oil speculator Dad Joiner, and founded Hunt Oil in 1936. From that acquisition and others including diverse interests in publishing, cosmetics, pecan farming, and health food producers, he accrued a fortune which was among the world's largest. In the 1950s, his Facts Forum Foundation supported highly conservative newspaper columns and radio programs, some of which he authored and produced himself, and for which he became known. At his Hunt he was reputed to have one of the highest net worths of any individual in the world, a fortune estimated between $2–3 billion dollars.
Warren Edward Buffett is an American businessman, investor, and philanthropist who currently serves as the chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world. As of October 2024, he had a net worth of $147 billion, making him the eighth-richest person in the world.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is active in more than 180 countries. Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration, production, refining, marketing and transport, chemicals manufacturing and sales, and power generation.
There Will Be Blood is a 2007 American period drama film written and directed by Paul Thomas Anderson, loosely based on the 1927 novel Oil! by Upton Sinclair. It stars Daniel Day-Lewis, Paul Dano, Kevin J. O'Connor, Ciarán Hinds, and Dillon Freasier. In the film, Daniel Plainview (Day-Lewis), a silver miner turned oilman, embarks on a ruthless quest for wealth during the Californian oil boom between the late 19th and early 20th centuries.
Clinton Williams Murchison Jr. was an American businessman and founder of the Dallas Cowboys football team. A son of Clint Murchison Sr., who made his first fortune in oil exploration and became notorious for exploiting the sale of "hot oil", Clint and his surviving brother inherited their father's wealth and business interests to which Clint Jr. added ventures of his own. These included the establishment of the NFL's Dallas Cowboys franchise, real estate development, construction, home building, restaurants and financing the offshore pirate radio station called Radio Nord.
The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus, and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level.
Big Oil is a name sometimes used to describe the world's six or seven largest publicly traded and investor-owned oil and gas companies, also known as supermajors. The term, particularly in the United States, emphasizes their economic power and influence on politics. Big Oil is often associated with the fossil fuels lobby and also used to refer to the industry as a whole in a pejorative or derogatory manner.
The Shamrock was a hotel constructed between 1946 and 1949 by wildcatter Glenn McCarthy southwest of downtown Houston, Texas next to the Texas Medical Center. It was the largest hotel built in the United States during the 1940s. The grand opening of the Shamrock is still cited as one of the biggest social events ever held in Houston. Sold to Hilton Hotels in 1955 and operated for over three decades as the Shamrock Hilton, the facility endured financial struggles throughout its history. In 1985, Hilton Hotels donated the building to the Texas Medical Center and the structure was demolished on June 1, 1987.
Clinton Williams "Clint" Murchison Sr. was a noted Texas-based oil magnate and political operative. Among his companies was the Southern Union Company. He was also the father of Dallas Cowboys owner Clint Murchison Jr.
Hugh Roy Cullen was an American industrialist and philanthropist. Cullen was heavily involved in the petroleum industry having struck oil near Texas in 1928. He was a large supporter of multiple educational institutions in and around Houston, in one of which, the University of Houston, he became a longtime chairman of the board of regents. He is considered one of the most important figures in Texas during the "oil boom" era.
BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.
From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. Then, during 2004, the price rose above $40, and then $60. A series of events led the price to exceed $60 by August 11, 2005, leading to a record-speed hike that reached $75 by the middle of 2006. Prices then dropped back to $60/barrel by the early part of 2007 before rising steeply again to $92/barrel by October 2007, and $99.29/barrel for December futures in New York on November 21, 2007. Throughout the first half of 2008, oil regularly reached record high prices. Prices on June 27, 2008, touched $141.71/barrel, for August delivery in the New York Mercantile Exchange, amid Libya's threat to cut output, and OPEC's president predicted prices may reach $170 by the Northern summer. The highest recorded price per barrel maximum of $147.02 was reached on July 11, 2008. After falling below $100 in the late summer of 2008, prices rose again in late September. On September 22, oil rose over $25 to $130 before settling again to $120.92, marking a record one-day gain of $16.37. Electronic crude oil trading was temporarily halted by NYMEX when the daily price rise limit of $10 was reached, but the limit was reset seconds later and trading resumed. By October 16, prices had fallen again to below $70, and on November 6 oil closed below $60. Then in 2009, prices went slightly higher, although not to the extent of the 2005–2007 crisis, exceeding $100 in 2011 and most of 2012. Since late 2013 the oil price has fallen below the $100 mark, plummeting below the $50 mark one year later.
James Marion West Jr. was a Texas oilman. He was the son of James Marion West Sr., the businessman who created the West family fortune, and brother of Wesley West. He was nicknamed "Silver Dollar Jim", because of his habit of throwing silver dollar coins toward passersby on the street. He was also called "Diamond Jim" because of the diamond-studded Texas Ranger badge he wore. He was known to chase criminals right behind the police. West kept a fleet of thirty cars, mostly Cadillacs, in or around downtown Houston, which were equipped with an arsenal of 30–35 guns. He became an iconic fixture at Galveston casinos such as the Balinese Room. He is considered to be an archetype for the eccentric Texas oilman.
The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas. The find was unprecedented in its size (worldwide) and ushered in an age of rapid regional development and industrialization that has few parallels in U.S. history. Texas quickly became one of the leading oil-producing states in the U.S., along with Oklahoma and California; soon the nation overtook the Russian Empire as the top producer of petroleum. By 1940 Texas had come to dominate U.S. production. Some historians even define the beginning of the world's Oil Age as the beginning of this era in Texas.
The forests in the U.S. state of Texas have been an important resource since its earliest days and have played a major role in the state's history. The vast woodlands of the region, home to many varieties of wildlife before Europeans first showed up, provided economic opportunities for early settlers. They continue to play an important role economically and environmentally in the state.
Bryan Burrough is an American journalist and author of eight books, including four New York Times best-sellers, the Wall Street classic Barbarians at the Gate ; Public Enemies: America’s Greatest Crime Wave and the Birth of the FBI, 1933-34; The Big Rich: The Rise and Fall of the Greatest Texas Oil Families; and Forget the Alamo: The Rise and Fall of an American Myth His next book, The Gunfighters: How Texas Made the Wild West, will be published by Penguin Press in June 2025.
Jordan Ernest Burroughs is an American freestyle wrestler and former folkstyle wrestler who currently competes at 74 kilograms.
The Rise and Fall of is an English snowclone popularly used in titles of works. Examples of its usage include:
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