Oil boom

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  • oil boom
definition
  • A floating device used to contain oil on a body of water. Once the boom has been inflated, it is towed downwind of the oil slick and formed into a U-shape; under the influence of wind, the oil becomes trapped within the boom. Skimming equipment travels into the boom enclosure and the oil is pumped into containers.
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Abstract from DBPedia
    An oil boom is a period of large inflow of income as a result of high global oil prices or large oil production in an economy. Generally, this short period initially brings economic benefits, in terms of increased GDP growth, but might later lead to a resource curse.

    (Source: http://dbpedia.org/resource/Oil_boom)