Unleashing a Gusher of Affordable Housing
In the late nineteenth century, self-taught geologist Patillo Higgins concluded that a salt dome in Beaumont contained oil. Geological experts scoffed at Higgins’ claim and publicly urged investors to avoid him. When Spindletop erupted as the world’s first “gusher” in January 1901, Higgins proved the experts wrong. In helping to launch the Texas oil industry,…
