An overlooked corner of West Texas is believed to contain billions of bls of new oil

[AVGWarhawk]

Originally Posted by Rockstar

Oil is always going to be around therefore we will always find a use for it, if you ask me Texas knows this and is preparing for the future.

The US knows this and is the reason the US burns up "others" oil fields. Specifically the Middle East. One day the balance of oil power will change.

[vienna]

Originally Posted by AVGWarhawk

The US knows this and is the reason the US burns up "others" oil fields. Specifically the Middle East. One day the balance of oil power will change.

As a parallel, TX knows this and is the reason it burns up other state's oil resources, going for the "last man standing" endgame. This tactic is one of the reasons the Obama administration questioned the TX oil companies holdings of Federally-administered oil exploitation leases in states other than TX that were not being used; the government basically imposed a "use it or lose it" standard on the leases and cancelled some of the leases outright; the oil companies were, shall we say, not amused...




<O>

[Rockstar]

Originally Posted by vienna

As a parallel, TX knows this and is the reason it burns up other state's oil resources, going for the "last man standing" endgame. This tactic is one of the reasons the Obama administration questioned the TX oil companies holdings of Federally-administered oil exploitation leases in states other than TX that were not being used; the government basically imposed a "use it or lose it" standard on the leases and cancelled some of the leases outright; the oil companies were, shall we say, not amused...




<O>

Texas is burning up other states oil? Then where does the gas for my car from?

[Oberon]

Originally Posted by Rockstar

Texas is burning up other states oil? Then where does the gas for my car from?

The fuel pump?