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| Economy |
| Report: Texas crude oil production breaks 1970s record |
| 2019-02-14 |
| h/t Instapundit Crude oil production in Texas has beaten a previous record set in the 1970s, a new report from the Texas Independent Producers Royalty Owners Association stated. Texas oil wells produced more than 1.54 billion barrels of crude in 2018, beating the previous record of 1.28 billion barrels set in 1973, TIPRO reported in its annual "State of Energy Report" early Monday morning. Natural gas production also grew, reaching 8.8 trillion cubic feet in 2018, the report stated. Howl in pain oil ticks! Howl!!! |
| Posted by:g(r)omgoru |
| #8 Happy retirement, Glen |
| Posted by: Frank G 2019-02-14 20:00 |
| #7 Yeah, Besoeker, I just retired after 36 years in the oil patch. |
| Posted by: Glenmore 2019-02-14 19:51 |
| #6 We have serious alternative energy sources - nuclear. However, the Luddites would we rather freeze and starve. BTW, that big thermonuclear generator in the sky has been going for a long time, and is responsible for skin cancer (thus not the 'safe' alternative the usual suspects claim it is). |
| Posted by: Procopius2k 2019-02-14 18:56 |
| #5 Ref #4: Welcome to the oil patch. |
| Posted by: Besoeker 2019-02-14 18:31 |
| #4 US petroleum resurgence to global prominence is transient. Each big advance (offshore, deep water, fracking) starts here, gets fully developed, and moves elsewhere. Right now we are king of fracking, but in a few years it will be Russia or China or KSA etc. As long as it's somewhere the global economy will tick along (more or less): the sh*t will only really hit the fan when we run out of advances and places to use them. It will happen, though we may still have another cycle or two, by which time we had better have come up with serious alternative energy sources. |
| Posted by: Glenmore 2019-02-14 18:10 |
| #3 Sounds like a perfect time to walk away from fossil fuels. /sarc |
| Posted by: Airandee 2019-02-14 17:44 |
| #2 I think there are a couple of pipelines in the ... pipeline ... sorry that should further increase the output. |
| Posted by: Bobby 2019-02-14 15:33 |
| #1 You have to wonder why we don't blockade the mighty Straits of Hormuz. |
| Posted by: Matt 2019-02-14 12:56 |