oil boom1
/ˈɔɪl ˌbuːm/noun
A sudden increase in economic activity or wealth as a result of the exploitation of mineral oil.
Origin
1920s. From oil + boom.
oil boom2
/ˈɔɪl ˌbuːm/noun
A floating barrier placed over a stretch of water to prevent the passage of oil, especially following an oil spill.
Origin
1970s; earliest use found in The New Yorker. From oil + boom.