 There Will Be Blood ( 2007 ) was loosely based on the <unk> Sinclair novel Oil ! . The budget of the film was $ 25 million , and it earned $ 76 @.@ 1 million worldwide . Daniel Day @-@ Lewis starred and won an Oscar for Best Leading Actor for his role . The film received eight nominations overall at the 80th Academy Awards . Paul <unk> received a BAFTA nomination for Best Supporting Actor . Anderson was nominated for Best Director from the Directors Guild of America . The film also received eight Academy Award nominations , tying with No Country for Old Men for the most nominations . Anderson received nominations for Best Picture , Best Director and Best Adapted Screenplay , losing all three to the <unk> Brothers for No Country for Old Men . There Will Be Blood was regarded by some critics as one of the greatest films of the decade , some parties further declaring it one of the most accomplished American films of the modern era ; David <unk> of The New Yorker wrote " the young writer @-@ director Paul Thomas Anderson has now done work that bears comparison to the greatest achievements of Griffith and Ford " , while Richard <unk> proclaimed it " one of the most wholly original American movies ever made " . 
