Week In Review: November 2, 2018
Fri, November 02, 2018
November 2, 2018
Oil and natural gas exports are playing a major role in Texas' thriving economy! Check out these tweetable facts about oil and gas exports in Texas!
The U.S. surpassed Russia in August to claim the title of world’s top oil producer, with the largest year-on-year output increase in its history.
Output rose to a record 11.346 million barrels a day, according to a monthly report issued Wednesday by the U.S. Energy Information Administration. Russia pumped 11.21 million in August, according to its energy ministry.
As much as fossil fuel alternatives are increasing, natural gas is increasing more. Gas dominates the American energy scene and will continue to grow faster than all other energy sources in the United States.
At prices less than $3/MMBtu, natural gas is undercutting nuclear and coal. Renewables can only compete with huge subsidies and state mandates. Besides, renewables need gas to load-follow them so gas loves wind and solar.
This Week's Topic: Halloween
Happy (late) Halloween! There’s nothing spooky about Texas oil and gas. It’s improving the state and national economy, creating jobs and allowing America to depend less on foreign oil!
In Case You Missed It
The Permian Action Team is dedicated to supporting and defending oil and natural production in the Permian Basin in West Texas. The Permian has been an essential part of the U.S. oil boom and is contributing to job creation, economic stimulation and energy security. Click here to join: https://www.permian.texansfornaturalgas.com/sign-up