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Texas pumping more oil than some OPEC countries
FuelFix ^ | July 10,2013 | Simone Sebastian

Posted on 07/10/2013 4:26:48 PM PDT by Hojczyk

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

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.


TOPICS: News/Current Events; US: Texas
KEYWORDS: energy; oil

1 posted on 07/10/2013 4:26:48 PM PDT by Hojczyk
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To: Hojczyk

Long Live “The Republic of Texas”

TT


2 posted on 07/10/2013 4:33:51 PM PDT by TexasTransplant (Idiocracy used to just be a Movie... Live every day as your last...one day you will be right)
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To: Hojczyk; TheMom; Eaker; penelopesire; BuckeyeTexan; NYTexan; humblegunner; mylife; onyx; ...

God bless Texas. Drill, baby, drill! And please continue arresting Obama’s fascist federal goons anytime they trespass on Texas sovereign soil.


3 posted on 07/10/2013 4:36:42 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Hojczyk

As soon as Obama finishes destroying America’s coal industry he will turn his attention to the troublesome oil producers who are undermining his strategies to keep America dependent on OPEC.


4 posted on 07/10/2013 4:38:26 PM PDT by Iron Munro (The past is a foreign country; they do things differently there.)
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To: Jim Robinson; Hojczyk; TheMom; Eaker; penelopesire; BuckeyeTexan; NYTexan; humblegunner; mylife; ...

God bless Texas! Woo Hoo!


5 posted on 07/10/2013 4:40:09 PM PDT by RedMDer (When immigrants cannot or will not assimilate, its really just an invasion. Throw them out!)
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To: Jim Robinson; humblegunner

You should see the amount of natural gas Gunner is producing.


6 posted on 07/10/2013 4:45:17 PM PDT by mylife (Ted Cruz understands the law, and he does not fear the unlawful.)
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To: Hojczyk

I’m sure Alaska could easily compete if the stupid feds would open the land to drilling.


7 posted on 07/10/2013 4:56:25 PM PDT by rfreedom4u (I have a copy of the Constitution! And I'm not afraid to use it!)
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To: mylife; humblegunner; Eaker

Yes, we saw that the other day on that video. Just like William Wallace. Humblegunner’s seven feet tall. Kills men by the hundreds. And if HE were here, he’d consume the enemy with fireballs from his eyes, and bolts of lightning from his arse.

Oh, wait a minute. Those were fireballs they were shooting AT him.


8 posted on 07/10/2013 4:57:08 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Jim Robinson

LOL

Yup, Ive seen him break wind on both ends simultaneously.


9 posted on 07/10/2013 4:59:58 PM PDT by mylife (Ted Cruz understands the law, and he does not fear the unlawful.)
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To: Jim Robinson

You betcha!!

Texas is leading the way!


10 posted on 07/10/2013 5:47:36 PM PDT by penelopesire (TIME FOR OBAMA TO ANSWER FOR BENGHAZI UNDER OATH!!)
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To: Iron Munro
As soon as Obama finishes destroying America’s coal industry he will turn his attention to the troublesome oil producers who are undermining his strategies to keep America dependent on OPEC.

I think if Hussein tried to stop Texas oil production, that might be the last straw for Texas. Don't know what Texas would do, but don't think we would stand for that. Our State District Attorney Abbott has already put his foot in Hussein's throat vowing to arrest any of his henchmen the first step they take across our border and that had to do with guns. Trying to stop our oil would be worse.

11 posted on 07/10/2013 5:47:51 PM PDT by Marcella (Prepping can save your life today. I am a Christian, not a Muslim.)
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To: Jim Robinson
That's all well and good...but I'll be happier when we stop importing oil AND the price of gasoline goes way down!
12 posted on 07/10/2013 6:20:30 PM PDT by NYTexan
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To: Hojczyk

And gas in the US is $4.00 a gallon?


13 posted on 07/10/2013 6:26:59 PM PDT by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: NYTexan

***** “ That’s all well and good...but I’ll be happier when we stop importing oil AND the price of gasoline goes way down! “ *****

That ain’t gonna happen, the FED Tax and the cost of getting the Raw Product (via Alphabet Govt agencies) and the restrictions on the Refineries from same Alphabet Govt Agencies insure High Pump Prices.

TT


14 posted on 07/10/2013 6:45:28 PM PDT by TexasTransplant (Idiocracy used to just be a Movie... Live every day as your last...one day you will be right)
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To: NYTexan

Do you understand that the reason our domestic production is climbing is the relatively high price of oil (and therefor gasoline)?

If that price drops significantly, so will our domestic drilling. Those tight formations like shale are not cheap like the easy wells of the past.


15 posted on 07/10/2013 6:54:31 PM PDT by thackney (life is fragile, handle with prayer)
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To: TexasTransplant; thackney
I'm holding out for Mr. Fusion!


16 posted on 07/10/2013 7:04:36 PM PDT by NYTexan
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To: Jim Robinson
"God bless Texas!" Amen!
17 posted on 07/10/2013 7:06:15 PM PDT by Alamo-Girl
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To: NYTexan

Filled up tonight at my local station in TEXAS at a cost of $.10 more per gallon than last week. Fortunately I live in the suburbs because I noticed it’s up by $.25 a gallon in the city. I remember paying only $.25 a gallon total - just doesn’t seem possible.


18 posted on 07/10/2013 7:17:02 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Grams A

I’d be happy enough if we just stopped sending money to the Arabs!


19 posted on 07/10/2013 7:41:50 PM PDT by NYTexan
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To: Hojczyk

I drove through Three Rivers today, gas is the same price as San Antonio and New Braunfels. Filled up in Corpus where the refineries are, no difference.

Drill baby drill doesn’t do a damn thing for our prices.


20 posted on 07/10/2013 7:49:03 PM PDT by DaGman
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To: DaGman; Hojczyk; TheMom; Eaker; penelopesire; BuckeyeTexan; NYTexan; humblegunner; mylife; onyx; ...

This story gets better. See.
http://www.freerepublic.com/focus/news/3041479/posts?page=1

In the last year, Citibank predicted that the USA would be oil independent in five years. I used to wonder how Eagle Ford and the Bakken could scale up to produce that much oil. And if they did scale up...— the price of oil would fall below what they could produce oil for profitably—so oil production would fall.

Turns out Eagle Ford and the Bakken don’t have to scale up. The next mega oilfield comes out of west texas permian basin in the cline shale formation. This formation is twice as big as Eagle Ford and the Baaken COMBINED.

What’s more they’ll be able to extract the oil in the Cline shale formation at much lower costs than those in the Bakken fields —so even when prices fall their margins will be so high —they can keep on drilling.

We’re coming up to a real sweet spot in the oil patch in the next decade.

The thing is, the Eagle Ford formation extends down into Mexico.
http://fuelfix.com/blog/2013/05/09/u-s-mexico-collaboration-seen-necessary-on-eagle-ford-drilling/

Its a shame Mexico can’t drill for oil/gas there. That would help make that country rich rather than just fat.

Mexico has recently replaced the USA as being the #1 country with fat people.
http://www.itwire.com/science-news/health/60665-mexico-replaces-america-as-fattest-country-in-world

http://www.trentonian.com/article/20130708/NEWS05/130709714/how-mexico-got-to-be-the-fattest-country-in-the-world

Come to think of it, that might be a great republican slogan.

“Help Mexico become rich and not just fat.”

That way fewer illegals would come north and those illegals north of the border would have lesser incentives to stay & send remittances south.


21 posted on 07/10/2013 9:24:43 PM PDT by ckilmer
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To: ckilmer

Maybe we should make it easier to Cross the Border? (Both Ways)

Seriously ... Petition Mexico to adopt OUR Immigration Laws, (talk about a transfer of Immigrants).

We know all the reasons it wouldn’t happen, but we argue stupid made up reasons why we can’t secure the Border.

It also works the other way, Adopt Mexican Immigration Policy and get super strict, No Rights, No Property etc.

Either way ... but what we have is stupid to anyone that isn’t a Politician trying to get Re-elected so it won’t change.

We could fix our Border problem with about 1/2 the $ we just gave to Egypt. (and that’s just buying off their Politicians)

Low Information Voters do run this Country, Harry Reid can see many more. (on this path, so do I)

TT


22 posted on 07/11/2013 12:45:39 AM PDT by TexasTransplant (Idiocracy used to just be a Movie... Live every day as your last...one day you will be right)
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To: ckilmer; NYTexan

“Help Mexico become rich and not just fat.”

Just recently started listening to Leno. He is really on a roll since he’s going to be leaving soon. Really funny one-liners about Mexicans and their dual citizenship now that they are so fat - half of their body is in Mexico and half in the U.S.

Your suggestion to help them with their drilling program is superb, even though it makes way too much sense. Wonder if Obama would approve the Keystone Pipeline if it went to Mexico from Canada instead of Texas.

I have never understood why we keep sending money to foreign countries and buy their oil as well. None of this makes any sense.

We spent a few days with friends in early June out in the West Texas oil patch. There is activity absolutely everywhere. Wish I was about 40 years younger!


23 posted on 07/11/2013 12:54:09 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Hojczyk
Now, OPEC is earning at least 4 times more money than in the 90s. Outside the Middle East, new drillings are arround 10 times more expensive than drillings in the Middle East. Christopher Helman, Forbes Staff : "Despite the enormous growth in the U.S., the costs of getting that oil out are growing at unprecedented rates. Bernstein figures that the cost of producing the last barrel rose from $89 in 2011 to $114 in 2012 The IEA estimates it costs between $4 and $6 to produce each barrel of oil from the conventional fields in Saudi Arabia and Iraq, including capital expenditures. Algerian, Iranian, Libyan, and Qatari fields cost slightly more, at about $10 to $15 per barrel.
24 posted on 07/11/2013 2:32:47 AM PDT by Laurent.w
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To: Jim Robinson; mylife; Eaker
Those were fireballs they were shooting AT him.

Photoshop.

25 posted on 07/11/2013 6:18:06 AM PDT by humblegunner (Creepy Ass Cracker)
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To: Jim Robinson; mylife; humblegunner; TheMom
and bolts of lightning from his arse.

This is why we never stand behind humblegunner.

26 posted on 07/11/2013 9:24:21 AM PDT by Eaker (Manners are good when one may have to back up his acts with his life. Robert A. Heinlein.)
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To: TexasTransplant; Grams A; NYTexan

Totally agree with both posts.

I didn’t tell you the worst however; the mexicans are currently buying up 3% of US natural gas. That number will go up to 10% in the next year or two because the Mexicans are switching from coal to natural gas in their electric power plants. That will drive US natural gas prices up considerably from their historic lows.

The mexicans of course don’t need US natural gas. They could get their own.


27 posted on 07/11/2013 9:51:59 AM PDT by ckilmer
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To: ckilmer

The mexicans of course don’t need US natural gas.”

Actually we probably don’t either. There is plenty readily available in Washington DC. We just need to come up with a suitable delivery system.


28 posted on 07/11/2013 12:38:58 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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