Crude went crazy last week.

Crude oil that is, black gold, Texas tea … the stuff that bubbles up from the ground and puts hillbillies in Hollywood mansions.

Whether it’s 1960s TV shows like The Beverly Hillbillies or the dreams of those prospecting in the Southern seas, the idea that striking oil meant striking it rich has been part of the popular consciousness for more than a century now.

TV show The Beverly Hillbillies was based on the idea that oil made you rich. Photo / File

Oil tankers off the coast of Los Angeles, California. About three dozen tankers are parked between Long Beach and the San Francisco Bay Area with nowhere to go. Photo / AP

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