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Texas's oil industry is set to surpass Iraq and Iran to become the third-largest oil producing region in the world, behind only Russia and Saudi Arabia.
CNN Money reports that HSBC Bank predicted in a recent report that the state's explosive growth in oil production over the last two years could result in Texas passing the two Organization of the Petroleum Exporting Countries (OPEC) members as oil prices rise around the world.
When are we invading Texas?
originally posted by: CrawlingChaos
When are we invading Texas?
As a born Texan, sir you should frightfully be asking when Texas will invade you..... We like your women and your sports cars... You've been warned....
originally posted by: face23785
originally posted by: CrawlingChaos
When are we invading Texas?
As a born Texan, sir you should frightfully be asking when Texas will invade you..... We like your women and your sports cars... You've been warned....
I mean, I'm all the way up in PA, so it'll take ya a while to get here. Hell, back in the 90s they said the killer bees were coming and I still haven't seen one...
When are we invading Texas?
originally posted by: Zaphod58
a reply to: face23785
I'm in Stanton right now and just went past two or three new wells being drilled. There's a stretch by Midland where there are 7 new wells, all right beside each other, along with new ones scattered in one and two. They found a massive field in the Permian Basin recently.
originally posted by: neo96
a reply to: burdman30ott6
But we stole Alaska from Russia.
originally posted by: burdman30ott6
originally posted by: neo96
a reply to: burdman30ott6
But we stole Alaska from Russia.
...Well, Texas was technically stolen from the Mexicans.
*duck, cover, and quickly exits*
originally posted by: bigfatfurrytexan
a reply to: face23785
There are issues with selling our crude, mostly refinery related. Long story short: 2 different types of crude...sweet light and sour. Most oil in the US is sweet light (if i recall), but our refining capacity is for sour.
If Europe doesn't have the right refining capacity, they will not have an ability to make use of our oil.
originally posted by: strongfp
In all fairness Iraq's infrastructure regarding oil is in shambles or struggling.
If it had a stable government again I'm sure it could pump out tons of oil.