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Message
re: Texas economy is cratering
Posted on 3/30/15 at 10:55 pm to Jim Rockford
Posted on 3/30/15 at 10:55 pm to Jim Rockford
quote:
More that Texans have been so damn smug about their economy and how it's a result of their doing something right
If Texas is just lucky by sitting on vast oil reserves, why isn't California reaping benefits from its oil reserves at a similar pace? I think you know the answer.
1
Posted on 3/30/15 at 11:07 pm to texashorn
quote:
If Texas is just lucky by sitting on vast oil reserves, why isn't California reaping benefits from its oil reserves at a similar pace? I think you know the answer.
California crude oil production averaged between 15 and 18 million barrels a month in 2014. Texas averaged from 87 million to more than 100 million barrels over the same period of time. CA has shale, but it's much more difficult to produce, and there's the problem of where to find the water for fracking.
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