Statewide crude oil production is now poised to surpass its 1972 all-time high within two years If the U.S. were to lift restrictions on exporting crude oil and liquefied natural gas, the price of domestic benchmark crude likely would rise. That’s a big benefit for domestic producers and, would boost the state’s economy, as well, as higher prices add further incentive for companies to add jobs and expand oil patch activities. fuelfix/blog/2014/07/24/texas-oil-and-gas-industry-expands-to-record-levels/
Posted on: Fri, 25 Jul 2014 19:23:57 +0000
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