Definition of oil boom in English:

oil boom

noun

  • A sudden increase in economic activity or wealth as a result of the exploitation of mineral oil.

noun

  • A floating barrier placed over a stretch of water to prevent the passage of oil, especially following an oil spill.

Origin

1920s. From oil + boom<br>1970s; earliest use found in The New Yorker. From oil + boom.

Pronunciation

oil boom

/ˈɔɪl ˌbuːm/