Texas Now Producing As Much Oil As Iraq
A note from Christi:
In line with recent predictions, Texas oil production has met Iraq’s, No. 2 OPEC oil producer, keeping the U.S. on-pace to out-produce Saudi Arabia by 2020.
From International Business Times:
Crude oil production in Texas doubled over the past three years to hit 3 million barrels a day in April for the first time since the late 1970s, nearly the amount that Iraq produces and 36 percent of total U.S. oil production, according to recent data from the U.S. Energy Information Administration.
Iraq, the second-largest producer in the Organization of Petroleum Exporting Countries, produced a little over 3 million barrels a day in April, according to OPEC’s May 2014 oil market report.
Read the full article here.