This Texas oilfield is messing with OPEC

Texas Permian Basin land prices have skyrocketed by 50 times from 4 years ago and production there is poised to soar, throwing a wrench in OPEC’s efforts to mop up the supply glut keeping oil prices low.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s