Monday, February 18, 2013

Oil’s new reign in Texas draws comparisons to the Kingdom: SAUDI TEXAS

You know...this could have been SAUDI CALIFORNIA.  But no.
The Lone Star State is earning a new moniker: Saudi Texas.

Oil production in Texas is soaring, jumping to an average 2.139 million barrels a day in November — the best showing in more than 25 years.

Analysts are chalking up Texas’ booming production to shale plays, especially South Texas’ Eagle Ford, where production was minuscule just five years ago, along with a revival of West Texas’ Permian Basin.

Analysts are tossing around the words “phenomenal,” “amazing” and “unprecedented” when discussing the numbers.
High salaries.  Low unemployment.  I'm telling you, the Audis, BMWs and Mercedes will leave your head spinning there are so many of them.

Someone drove their Ferrari up our street last week.

I wasn't impressed.  It sounded like a motorcycle.

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