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Texas oil production set to
top No. 2 OPEC country

Houston Chronicle, by Simone Sebastian

Original Article

Posted By:Dreadnought, 7/1/2014 10:22:51 PM

HOUSTON — Texas now is pumping 36 percent of the nation’s oil, more than doubling its production in three years, according to new federal data. The Energy Information Administration reports that Texas oil production topped 3 million barrels per day in April, for the first time since the late 1970s. Nearly as much crude flowed from Texas as from Iraq, which was the second largest OPEC producer in April at about 3.2 million barrels per day, according to Bloomberg. The news agency estimates that Iraq’s production fell to 2.9 million barrels in June amid insurgent violence. That would drop it

      


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Reply 1 - Posted by: misterdickens, 7/1/2014 10:28:55 PM     (No. 9907754)

We should keep it and let the northern libs freeze.

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Reply 2 - Posted by: Michaelus, 7/1/2014 10:29:46 PM     (No. 9907756)

So why is oil at $106/bbl?


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Reply 3 - Posted by: texaspast, 7/1/2014 10:55:36 PM     (No. 9907776)

It´s $106 a barrel because much of the rest of the country is strangling exploration and production, Obie is severely destabilizing the middle east, China is thirsty for oil, Russia´s production is run through pipelines that leak worse than a sieve, and just ´cause.

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Reply 4 - Posted by: RedWhiteBlue, 7/1/2014 10:58:24 PM     (No. 9907781)

I´d like to pay LESS than $4 a gallon of gas already!!!!

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Reply 5 - Posted by: TXknitter, 7/1/2014 11:08:59 PM     (No. 9907793)

It is depressing to realize that long ago, long ago Texans especially and Americans generally should have sat hard on our politicians while they diddled and LIED about their intent to have us become energy independent of the Middle East. In truth, the party elites and D.C. have found it too personally lucrative to ever appear to offend the filthy rich House of Saud.

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Reply 6 - Posted by: planetgeo, 7/2/2014 12:07:12 AM     (No. 9907823)

There´s another reason why oil is $106 a barrel. It´s because $106 isn´t worth $106 any more. More like half of that.

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Reply 7 - Posted by: mws50, 7/2/2014 6:01:10 AM     (No. 9907887)

Oil is high due to federal regulations that severely restrict new refineries and the repair of old refineries. The cost is too prohibitive to build a new one and the upgrades needed at our current refineries requires bringing everything up to the current ridiculous EPA standards.

And obama wants high gas prices. He has stated this on numerous occasions. He wants the poor to suffer. He wants the middle class to stay down, so his fat cat friends can make tons of money off of us.

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