How did the Americans manage to build so many in a short period of time?
How much did they lose?
Especially since at this time oil was low during building up the wells.
They became the number 1 producer in a short period.
>How much did they lose?
Americans as a whole lost nothing.
Oil isn't nationalised in America.
Plus, the oil companies made a fortune collectively as did many employees, landowners, stockholders and municipality's.
Exxon Mobil for example has made $400 billion profit in the las ten years. For the industry its in the trillions. This is a blip just like the 80s price crash