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JR Would Be Proud - Texas Oil Production Now Rivals Opec Nations
 With Obama restricting oil production on US federal lands even more in all 50 states, Texas wildcaters are frustrating his war on fossil fuels like the road runner vs the coyote cartoon.We all know oil production in Texas has soared in recent years. But putting the rise in graphic form shows just how phenomenal the energy turnaround has been: The surge looks exponential. In March, Texas oil production reached its highest level since 1984. That month, the Lone Star State pumped more than 74 million barrels of crude from the ground, which means if Texas were a country, it would be one of the 15 largest oil producers in the world. Saudi Texas: Oil's new reign in Texas draws comparisons to the Kingdom (link to another recent story) Texas' oil output has doubled in less than three years, putting it in the ranks of OPEC heavy-hitters like Venezuela, Kuwait and Nigeria. As a whole, the United States produced 221 million barrels of crude in April, with more than a third coming from Texas. Analysts are tossing around the words "phenomenal," "amazing" and "unprecedented" when discussing the numbers. Posted by: Omavimble Stalin3583 2013-07-11 |
| http://www.rantburg.com/poparticle.php?ID=371992 |