Texas Oil
Big Red Car here talking Texas oil, y’all. One of the worst reported business phenomenon is the enormous strength of American oil production and Texas’ part in that.
Y’all know all about the enormous flows from shale oil, fracking, and horizontal drilling, right? But, you ask, “How big is it, Big Red Car?”
As you can see, it is an impressive curve with a May 2018 monthly flow of 4,243,000 barrels per day. This is larger than any Middle East country other than Saudi Arabia. Hello, America!