Texas oil and the New Deal : populist corruption

Author(s)

    • Isser, Steve

Bibliographic Information

Texas oil and the New Deal : populist corruption

Steve Isser

(Studies in American history, v. 35)

E. Mellen Press, c2001

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Note

Includes bibliographical references (p. [249]-269) and index

Description and Table of Contents

Description

The book is ostensibly a study of the development of the pro-rationing system in Texas in the 1930's, but the Author's concern is with importance of ideology in the development of American economic policy. The book is centered on the conflict between the greatest industry of 20th century American capitalism and what I consider the essential American economic ideology, and how populist symbolism was used to subvert populist goals.

Table of Contents

TABLES vii INTRODUCTION 1 CHAPTER 1: TEXAS POLITICAL CULTURE 15 Origins 15 The Roots of Populism in Texas 18 The Creation of the Texas Railroad Commission 21 Texas Progressives and Texas Politics 24 CHAPTER 2: THE OIL INDUSTRY ON THE EVE OF PRORATIONING 31 Oil and Texas 1900-1930 31 The Wildcatters 38 The US Oil Industry After World War One 45 CHAPTER 3: TEXAS AND NATIONAL OIL POLICY BEFORE THE DELUGE 57 Texas Oil Policy 57 National Oil Policy 61 The Oil Industry in 1930 72 The Establishment of State Wide Proration in Texas 76 CHAPTER 4: THE OPENING OF THE EAST TEXAS OIL FIELD 83 The Great Depression and Texas 83 Discovery and Early Development of the East Texas Oil Field 88 The Initial Response to the East Texas Field 93 The Special Session 104 CHAPTER 5: DEALING WITH EAST TEXAS 113 Martial Law in East Texas 113 Hot Oil 123 National Oil Policy 126 The Oil Policy Debate of 1932 129 CHAPTER 6: TEXAS POLITICS AND OIL IN 1932-1933 133 The 1932 Texas Elections 133 Oil Control Legislation in Texas: 1932-1933 139 CHAPTER 7: THE NEW DEAL AND OIL 157 National Oil Policy in 1933 157 The National Industrial Recovery Act and the Oil Industry 163 East Texas and the NRA 170 Texans, Washington and Oil Legislation 181 CHAPTER 8: THE FINAL CHAPTER IN OIL CONTROL 187 The 1934 Texas Governor's Race 187 Putting the Lid On East Texas 189 The Final Chapter 197 The Hot Oil Investigation 208 CHAPTER 9: TEXAS, OIL AND THE NATION: 1940-1970 217 Aftermath 217 Oil and Texas Politics 225 CONCLUSION 239 1.1 Texas Population Trends 1870-1940 16 2.1 Annual Texas Oil Production 1918-1930 37 2.2 Price and Petroleum Stocks: 1920-1930 48 3.1 Price of Mid-Continent 36[degrees] Gravity Crude in 1930 80 4.1 1930 Census Data For the Four County Region 87 4.2 Proration by Region: August 1930 to April 1931 94 4.3 The East Texas Field In June 1931 102 5.1 Price of 36[degrees] Gravity Crude: January to July 1931 114 5.2 Price of 36[degrees] Gravity Crude After Martial Law 116 5.3 Allowables and Payback Periods 122 5.4 Price of 36[degrees] Gravity Crude 1932 122 6.1 Price of 36[degrees] Gravity Crude After the Peoples Decision 149 8.1 Economics of a Small Refinery 193

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