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How did the Americans manage to build so...
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 5
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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.
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>How much did they lose?

Americans as a whole lost nothing.

Oil isn't nationalised in America.
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>>1091999
war of attrition
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>>1092009
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
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