Posted by Staff Writer on 12/7/2018 to Energy Industry
IncSmart Texas (Small Business and Startups) - Texas helps America ends it's reliance on foreign oil. President Trump is calling America Energy Independent. New Mexico, North Dakota, and Pennsylvania have helped. The Trump administration has put America on top after 75 years, after a sharp drop in imported oil. OPEC now is talking with the Trump team after it's power in the energy market is shrinking. If they cut oil prices as the administration is asking, they will loose more market share.
There are now thousands of oil wells are pumping in the Texas Permian Basin, making the United States a dominant energy provider. The Permian Basin has pipe lines still in production that will increase America's exports in the future. The shale technology has also boosted American might in energy production. America was importing over 3 million barrels a day. The peak of America imports was 12 million barrels a day under the previous administration in 2005.
By IncSmart Staff Writer
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