Which of the following statements is FALSE?
a. The Texas oil industry went into a boom cycle after the turn of the century.
b. New innovations such as the oil refinery added to the boom cycle of the oil industry.
c. Oil surplus led to a boom cycle in the 1900s after the world wars.
d. The success of the automobile was important to the success of the oil industry.

c.Oil surplus led to a boom cycle in the 1900s after the world wars.

Explanation:

Oil price boom after the world war wasn't necessarily caused by oil surplus.

The world war consumed a lot of oil as a fuel for military airplanes , ships, and tanks. This large amount of consumption actually made oil reach scarcity level after the war.

This made the amount of demand for oil consumption outnumber the amount of oil supply in the market, which led  to the price boom in the 1900s.

on this day in 1913, henry ford installs the first moving assembly line for the mass production of an entire automobile. his innovation reduced the time it took to build a car from more than 12 hours to two hours and 30 minutes.