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| -Land of the Free |
| Texas Oil Production Continues to Grow at a Phenomenal Rate |
| 2013-12-04 |
| For 25 straight months, the state’s oil production rate has increased by more than 25 percent year-over-year, notes economist Mark J. Perry, a professor at the University of Michigan’s School of Management. “Output in America’s No. 1 oil-producing state — Texas — continues its phenomenal, meteoric rise,” Perry wrote on his Carpe Diem blog. “That production surge has to be one of the most significant increases in oil output ever recorded in the U.S. over such a short period of time.” Texas produced 35 percent of the United States’ crude oil in September. The growth largely has been fueled by oil production in South Texas’ Eagle Ford Shale and West Texas’ Permian Basin, which have expanded rapidly to produce more than 1 million barrels of oil per day each, placing them among nine “super-giant oil fields” in the world, Perry says. |
| Posted by:Guillibaldo McCoy1948 |
| #3 Absolutely Mom and thanks for that report. Anything to upset the oil ticks. With any luck Nick the Mad in Venezuela will fall as the price of Bolivaran oil falls. |
| Posted by: Steve White 2013-12-04 21:05 |
| #2 This weekend, I am going from San Antonio to Goliad, Texas - it's about a two-hour drive. I have a table for my books at the Christmas event in Goliad. It's about a two hour drive, and we've been doing it over four or five years. It's been interesting to see, over time - because this is where the shale boom has been going on. There were so many little towns along the way - Karnes City and Kenedy and a handful of others which we would drive though on the way to Goliad - which were dying on the vine when I first had this gig - and now they are thriving. The boarded-up buildings on Main Street have businesses in them again, the motels have expanded, there are man-camps and oil-pumping-related activities all over, all along the secondary country roads, now. I'll take pictures this weekend - and post a link. I frankly love it, seeing oil pumped in Texas. I'd rather what I pay at the pump go back into Texas than into Saudi Arabia. |
| Posted by: Sgt. Mom 2013-12-04 20:09 |
| #1 It won't last, in 20 years we'll be fighting each other for flint. Trust me. LOL. I can haz Oldivai? And send me money. |
| Posted by: Shipman 2013-12-04 18:38 |