Oil! by Upton Sinclair

Bunny had yielded to the importunities of his sister: wouldn't he have the decency to help out the estate in at least one way -- look into those reports which Vernon Roscoe had rendered concerning the Prospect Hill field? Verne asserted that more than half the wells were off production, and Bertie suspected one more trick to rob them. Bertie wouldn't know an oil well off production from a hen-coop; but Bunny would know, and couldn't he go down there, and snoop around a bit, and find out what other oil men thought about the field and its prospects? Bunny took Rachel with him -- she went everywhere with her new husband, of course. They had got one of the oldest of the Ypsels to run the magazine office, and Rachel was just manager and editor, very high and mighty. Bunny was a one-arm driver again, and the automobile was lopsided, and Rachel was nervous when he drove fast, because the gods are jealous of such rapture as hers.

Rachel had never seen an oil field at close range. So Bunny took her to the "discovery well," and told how Mr. Culver had had his eardrums destroyed, trying to stop the flow with his head. He showed her the first well that Dad had drilled, and on which Bunny had helped to keep the mud flowing. That had been the beginning of Dad's big wealth; he and perhaps a score of others had got rich, and to balance it, there were in Beach City many thousands of people who had their homes plastered with mortgages, representing losses from the buying of "units. " That was the way most of the money had been made in Prospect Hill -- selling paper instead of oil. It was a fact, as Paul had cited, that more money had been put into the ground than had been taken out of it. Here had been a treasure of oil that, wisely drilled, would have lasted thirty years: but now the whole field was "on the pump," and hundreds of wells producing so little that it no longer paid to pump them. One sixth of the oil had been saved, and five-sixths had been wasted!