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

[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...




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